AEIR 2017

Japan’s economy has exceeded expectations, as it grew for the sixth consecutive quarter. The country experienced its highest quarterly GDP growth (4.0%, seasonally adjusted) in over two years. Apart from the increasingly stable business environment, private consumption has also contributed to the country’s growth. Private consumption grew by 3.7% in the second quarter of 2017. In addition to robust consumption, government expenditure also contributed to growth, due to the stimulus brought about by the preparations for the 2020 Tokyo Olympics.

Domestic demand and output growth are likely to remain resilient in the succeeding quarters. Growth forecasts for Japan’s economy indicate continued growth, at 1.5% for 2017 and 1.1% in 2018.

Source: Asian Development Outlook 2017 Update, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 22.0 (Jun18)22.0 20.0
Broad Money Growth 2 2.9 (Apr18)2.9 2.9
Headline Inflation Rate 3 0.6 (May18)0.6 0.4
Industrial/ Manufacturing Production Growth Rate 3 4.2 (May18)2.7 6.2
Merchandise Export Growth 3 10.6 (May18)10.6 10.2
Exchange Rate Index 4 95.4 (Jun18)95.0 96.1
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Ministry of Economy, Trade and Industry; Ministry of Finance.