AEIR 2019/2020

Japan continued to recover in 2019 on strong domestic demand. The economy expanded 0.7% from 0.3% growth in 2018. While both private consumption and private investment contributed to declining growth in the second half of 2019, net exports provided a much-needed boost. In January 2020, machinery orders increased by 2.9% month-on-month. However, this positive start was disrupted by the COVID-19 outbreak, which initially led to a severe economic downturn in the People’s Republic of China, and the postponement of the 2020 Summer Olympics. Thus, growth is forecast to contract 1.5% in 2020 before returning to 0.9% growth in 2021 as the government adopts stimulus measures.

Source: Asian Development Outlook 2020, ADB
Integration Index


Free Trade Agreements


Crossborder & Infra Initiatives


Money & Finance Initiatives


Regional Public Goods Initiatives


Total Trade, in million US$
Inward FDI flows (BOP) in million US$
Outward Portfolio Equity Investment
Outward Portfolio Debt Investment
Ratio of Migrants to Population
Outbound Tourism
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 20.0 (May20)19.0 21.0
Broad Money Growth 2 2.5 (Mar20)2.5 2.8
Headline Inflation Rate 3 0.4 (Mar20)0.5 0.5
Industrial/ Manufacturing Production Growth Rate 3 -14.4 (Apr20)-5.2 -0.7
Merchandise Export Growth 3 -19.1 (Apr20)-19.1 -8.9
Exchange Rate Index 4 92.9 (May20)93.4 95.3
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.

Initiatives / FTAs