Download the full Asia-Pacific Daily Briefing Lift off! The Bank of Japan rushed to drop negative interest rate policy and yield curve control on Tuesday, emboldened by a surprisingly strong outcome last week from the shunto spring wage round. This is the first change in Japan’s short-term policy rate since negative interest rates were introduced in 2016 and the first hike since February 2007. On Friday, a key labour organisation, Rengo, reported...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2023 Q4 | 296,172 | 296,921 | Bil. Ch. 2015 JPY, SAAR | Quarterly |
Private Consumption | 2023 Q4 | 322,626 | 322,837 | Bil. JPY, SAAR | Quarterly |
Real Government Consumption | 2023 Q4 | 119,876 | 120,072 | Bil. Ch. 2015 JPY, SAAR | Quarterly |
Government Consumption | 2023 Q4 | 124,428 | 124,053 | Bil. JPY, SAAR | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 598,005 | 594,847 | Bil. JPY, SAAR | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 154,951 | 152,280 | Bil. JPY, SAAR | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 136,105 | 134,721 | Bil. Ch. 2015 JPY, SAAR | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 558,510 | 557,983 | Bil. Ch. 2015 JPY, SAAR | Quarterly |
Real Investment | 2016 | 124,944,155,753,300 | 124,599,323,584,100 | NCU | Annual |
Investment | 2016 | 126,880,900,000,000 | 127,704,800,000,000 | NCU | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Producer Price Index (PPI) | Feb 2024 | 120.3 | 120.1 | Index 2020=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Total Employment | Jan 2024 | 6,761 | 6,764 | 10 Ths. #, SA | Monthly |
Total Employment Non-Ag | Jan 2024 | 6,559 | 6,602 | 10 Ths. #, NSA | Monthly |
Unemployment | Jan 2024 | 170 | 172 | 10 Ths. #, SA | Monthly |
Labor Force Employment | Jan 2024 | 6,761 | 6,764 | 10 Ths. #, SA | Monthly |
Unemployment Rate | Jan 2024 | 2.4 | 2.5 | %, SA | Monthly |
Labor Force | Jan 2024 | 6,935 | 6,937 | 10 Ths. #, SA | Monthly |
Real Wages & Salaries | 2023 Q4 | 271,170 | 270,784 | Bil. Ch. 2011 JPY, SAAR | Quarterly |
Agriculture Employment | 2017 | 2,320,973 | 2,340,886 | # | Annual |
Wage & Salaries | 2014 | 252,097,472 | 249,624,331 | Mil. JPY | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Balance of Goods | Jan 2024 | 235,283 | -440,066 | Mil. JPY, SA | Monthly |
Exports of Goods | Jan 2024 | 8,765,262 | 9,092,781 | Mil. JPY, SA | Monthly |
Imports of Goods | Jan 2024 | 8,529,979 | 9,532,847 | Mil. JPY, NSA | Monthly |
Current Account Balance | Jan 2024 | 27,275 | 18,099 | 100 Mil. JPY, SA | Monthly |
Real Imports of Goods and Services | 2023 Q4 | 108,992 | 107,179 | Bil. Ch. 2015 JPY, SAAR | Quarterly |
Imports of Goods and Services | 2023 Q4 | 141,463 | 136,044 | Bil. JPY, SAAR | Quarterly |
Net Exports | 2023 Q4 | -4,262 | -5,245 | Bil. JPY, SAAR | Quarterly |
Exports of Goods and Services | 2023 Q4 | 137,200 | 130,799 | Bil. JPY, SAAR | Quarterly |
Real Net Exports | 2023 Q4 | 6,194 | 5,108 | Bil. Ch. 2015 JPY, SAAR | Quarterly |
Real Exports of Goods and Services | 2023 Q4 | 115,187 | 112,287 | Bil. Ch. 2015 JPY, SAAR | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Outstanding Public Debt - Domestic | Jan 2024 | 11,062,037 | 10,975,593 | 100 Mil. JPY, NSA | Monthly |
Outstanding Public Debt - Foreign | Jan 2024 | 0 | 0 | 100 Mil. JPY, NSA | Monthly |
Outstanding Public Debt | Jan 2024 | 12,947,860 | 12,864,520 | 100 Mil. JPY, NSA | Monthly |
Gross External Debt | 2023 Q4 | 191,526 | 193,021 | Bil. JPY, NSA | Quarterly |
Government Revenues | 31 Mar 2022 | 219,673 | 209,155 | Bil. JPY | 365 days |
Government Budget Balance | 31 Mar 2022 | -20,190 | -32,501 | Bil. JPY | 365 days |
Markets | Reference | Last | Previous | Units | Frequency |
Average Long-term Government Bond | 18 Mar 2024 | 1.92 | %, NSA | Daily | |
Stock Market Index | 15 Mar 2024 | 38,707 | 38,807 | Index, NSA | Daily |
Treasury Bills (over 31 days) | Jun 2017 | -0.1 | -0.13 | % p.a., NSA | Monthly |
Lending Rate | Feb 2017 | 0.99 | 1 | % p.a., NSA | Monthly |
Money Market Rate | Apr 2016 | 0 | 0 | %, NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
House Price Index | Nov 2023 | 135.22 | 136.77 | Index 2010=100, SA | Monthly |
Dwelling Stocks | 2018 | 62,407 | Ths. # | Annual | |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Feb 2024 | 39.1 | 38 | Index, SA | Monthly |
Retail Sales | Jan 2024 | 13,118 | 15,553 | Bil. JPY, NSA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | 2024 Q3 | 5.9 | 2.9 | Diffusion Index, NSA | Quarterly |
Industrial Production | Jan 2024 | 98 | 105 | Index 2020=100, SA | Monthly |
Change in Inventories | 2023 Q4 | 324.6 | 977.7 | Bil. JPY, SAAR | Quarterly |
Real Change in Inventories | 2023 Q4 | 279.1 | 993.9 | Bil. Ch. 2015 JPY, SAAR | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | Feb 2024 | 12,399 | 12,409 | 10 Ths. #, NSA | Monthly |
Birth Rate | 2022 | 6.3 | 6.6 | # per Ths. pop. | Annual |
Births | 2022 | 770,759 | 811,622 | # | Annual |
Death Rate | 2022 | 12.9 | 11.7 | # per Ths. pop. | Annual |
Deaths | 2022 | 1,569,050 | 1,439,856 | # | Annual |
Net Migration | 2017 | 250,000 | # | Annual |