Asia Regional Integration Center
Tracking Asian Integration
Japan continued to recover in 2017, as its economy expanded by 1.7% in 2017 from 0.9% in 2016. Strong global demand and an accommodative monetary policy supported this growth. In addition, the stronger economic activity helped ramp up economic spending, increase jobs, and decrease unemployment. Early growth figures for 2018 indicate a soft start; however, consu8mer confidence and business sentiment remain upbeat. Japan’s economy is expected to grow by 1.4% and 1.0% in 2018 and 2019, respectively.
Source: Asian Development Outlook 2018, ADB.
| Latest | Month-Ago | Year-Ago | |
|---|---|---|---|
| Composite Stock Price Index 1 | 22.0 (Aug18) | 22.0 | 19.0 |
| Broad Money Growth 2 | 2.7 (Jun18) | 2.7 | 2.7 |
| Headline Inflation Rate 3 | 0.9 (Jul18) | 0.7 | 0.5 |
| Industrial/ Manufacturing Production Growth Rate 3 | 2.3 (Jul18) | -1.0 | 4.5 |
| Merchandise Export Growth 3 | 4.7 (Jul18) | 4.7 | 7.6 |
| Exchange Rate Index 4 | 96.2 (Aug18) | 96.6 | 95.2 |
| 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. | |||
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