Japan's Economic Indicator 2016

November Industrial Production

Results favorable at +1.5% m/m; further production growth seen in future

November Trade Statistics

Export volume wins major growth; auto exports to US show strength

BOJ December 2016 Tankan Survey

Business sentiment of large enterprises improves. Election of Trump appears to have had limited effect on Tankan Survey

October 2016 Machinery Orders

October orders up by +4.1% m/m. High level of non-manufacturing orders helps increase overall results.

Jul-Sep 2016 2nd Preliminary GDP Estimate

GDP revised downwards. Changes in how GDP is estimated have limited effect on our assessment of the economy

Jul-Sep 2016 1st Preliminary GDP Estimate

GDP achieves major growth for 3rd consecutive quarter led by overseas demand, but deflator declines

September 2016 Machinery Orders

September orders down by -3.3% m/m. Results for Oct-Dec period expected to shift into decline on q/q basis.

September Industrial Production

Production marks time in m/m terms though factors causing temporary downward pressure were also present. Production growth seen in future

September Trade Statistics

Exports to US on rebound; decline in imports during the Jul-Sep period a big plus to overseas demand

August 2016 Machinery Orders

August orders decline by 2.2%, but stand an excellent chance of achieving outlook for growth

BOJ September 2016 Tankan Survey

Large enterprises continue to face uphill battle; caution urged regarding downward revision of corporate earnings

August Industrial Production

Shipments decline even as production grows. Performance differs widely from industry to industry

August Trade Statistics

Export volume to US suffers major decline

July 2016 Machinery Orders

July orders grow +4.9% -- good start towards achieving CAO outlook

Apr-Jun 2016 2nd Preliminary GDP Estimate

GDP revised upwards to +0.7% q/q annualized, with major demand components following suit

July Industrial Production

Production shows weak tone on inventory adjustment; some industries favorable

July Trade Statistics

Export value declines considerably due to yen appreciation, while export volume to US registers growth

Apr-Jun 2016 1st Preliminary GDP Estimate

GDP grows for second consecutive quarter; moderate expansion phase continues

June 2016 Machinery Orders

June orders achieve growth for first time in three months; Jul-Sep period expected to win q/q growth

June Industrial Production

Production grows for first time in two months; future production plans show strength

June Trade Statistics

Trade surplus recorded for first time in two months, seen in moderate growth trend

May 2016 Machinery Orders

May results negative, with m/m decline contradicting forecast; sense that orders about to peak out.

Urgent Report: Japan's Economy after Brexit

If repercussions are in the same class as the global financial crisis of 2008, Japan’s real GDP could drop by as much as 1%.

BOJ June 2016 Tankan Survey

Large enterprises remain cautious; effects of Brexit not reflected in this survey, further declines likely in the future

May Industrial Production

Stagnant shipments and accumulation of inventory predominate

May Trade Statistics

Trade deficit for the first time in four months

April 2016 Machinery Orders

April results negative, but on average, moderate growth phase continues

Jan-Mar 2016 2nd Preliminary GDP Estimate

Real GDP growth rate revised upwards slightly from 1st preliminary;results in accordance with market consensus

April Industrial Production

Effect of Kumamoto earthquake on overall production limited

April Trade Statistics

Effects of Kumamoto earthquake on trade are limited

March 2016 Machinery Orders

March orders grow for first time in two months. Domestic demand enters moderate growth trend

Jan-Mar 2016 1st Preliminary GDP Estimate

GDP grows for first time in two quarters. Economy remains in a lull.

March Industrial Production

Jan-Mar 2016 period registers negative growth; weakness to continue in future

March Trade Statistics

Trade surplus becomes well established despite stagnant export volume

February 2016 Machinery Orders

February orders exceed market expectations. Performance seen marking time in the future

BOJ March 2016 Tankan Survey

Business sentiment worsens considerably amongst large enterprises; sense of uncertainty increases regarding the future

February Industrial Production

Chances increase for negative growth in Jan-Mar 2016 period, but there are signs of improvement in the future

Oct-Dec 2015 2nd Preliminary GDP Estimate

Real GDP growth rate revised upwards slightly from 1st preliminary; results within range of expectations

January Industrial Production

Production to see more ups and downs

January Trade Statistics

Export volume bottoms out; trade balance surplus takes hold

December 2015 Machinery Orders

Orders grow for first time in two months. Growth trend seen continuing in Jan-Mar Period of 2016

Oct-Dec 2015 1st Preliminary GDP Estimate

GDP experiences negative growth for first time in two quarters hinting at risk of economic downturn in future

December Industrial Production

Production suffers reactionary decline, but increase seen in future

December Trade Statistics

Balance of trade shows positive undertone as commodity prices fall

November Machinery Orders

Orders experience reactionary decline after previous month’s major gains, while falling below market consensus as well