Japan's Economic Indicator 2017

November Industrial Production

Economic assessment revised upwards reflecting favorable production performance

November Trade Statistics

Export volume grows for the second consecutive month due to growth in exports of automobiles to the US and ICs to Asia

BOJ December 2017 Tankan Survey

Manufacturing industry business sentiment improves, reaches most positive level since December 2006

October Machinery Orders

Manufacturing industry shows strong growth trend

Jul-Sep 2017 2nd Preliminary GDP Estimate

October Industrial Production

Results fall below market consensus, but growth in production expected to be maintained

October Trade Statistics

Export volume gets a lift from EU and Asia due to rising demand for semiconductor manufacturing equipment

Jul-Sep 2017 1st Preliminary GDP Estimate

GDP wins seventh consecutive quarter of growth. Exports lead growth, while consumption and public investment take a negative turn

September Machinery Orders

Signs of reactionary decline in comparison to previous month, but manufacturing industry maintains growth trend

September Industrial Production

Capital goods to win major growth in October; effects of halt in automobile production are limited

September Trade Statistics

Export volume for the Jul-Sep period grows by +2.0% q/q despite setback in this month’s performance

August Machinery Orders

General-purpose & production machinery achieves major growth

BOJ September 2017 Tankan Survey

Improvement in manufacturing industry business sentiment exceeds expectations; manpower shortage remains strongly felt

August Industrial Production

Growth in production of capital goods and passenger vehicles leads overall performance

August Trade Statistics

Exports continue growth trend due to worldwide increase in demand for semiconductors

July Machinery Orders

Growth achieved for first time in four months; non-manufacturing shows signs of making a comeback

Apr-Jun 2017 2nd Preliminary GDP Estimate

GDP growth registers +2.5% q/q annualized (+0.6% q/q) despite downward revision of private sector corporate capex

July Industrial Production

Production maintaining at high level

July Trade Statistics

Export volume to US wins sharp growth, but overall results are sluggish

Apr-Jun 2017 1st Preliminary GDP Estimate

Growth accelerates considerably at +4.0% q/q annualized. Domestic demand now leads growth.

June Machinery Orders

Jul-Sep period sees non-manufacturing orders achieving major growth

June Industrial Production

Growth trend in production confirmed

June Trade Statistics

Slowdown in export volume expected to be temporary

May Machinery Orders

Signs of a slowdown in non-manufacturing orders

BOJ June 2017 Tankan Survey

Business sentiment experiences pronounced improvement as expected, but influence on policy limited

May Industrial Production

Production to maintain growth trend despite decline of -3.3% m/m

May Trade Statistics

Exports to EU record favorable results

April Machinery Orders

April orders decline by -3.1% m/m. Non-manufacturing orders appear to be taking a breather.

Jan-Mar 2017 2nd Preliminary GDP Estimate

GDP growth revised downwards unexpectedly due to progress in inventory adjustment; +1.0% q/q annualized (+0.3% q/q)

April Industrial Production

FY2017 starts off on an optimistic note with production up by +4.0% m/m

April Trade Statistics

Trade balance in the black for third consecutive month

Jan-Mar 2017 1st Preliminary GDP Estimate

Growth picks up at +2.2% q/q annualized. Final numbers for FY2016 GDP also show accelerated growth at +1.3%

March Machinery Orders

March orders win +1.4% m/m growth. Apr-Jun period seen suffering decline in comparison to previous quarter

March Industrial Production

Production declines by -2.1%, but growth expected in April

March Trade Statistics

Export value exceeds market consensus

February Machinery Orders

February orders grow +1.5% m/m. Degree of certainty low for achievement of Jan-Mar period outlook

BOJ March 2017 Tankan Survey

Business sentiment has definitely improved, but sense of uncertainty regarding future remains

February Industrial Production

Production grows by +2.0% m/m. April production plans reveal strength

February Trade Statistics

Export volume confirms entry into expansion phase

January Machinery Orders

January orders decline by -3.2% m/m. Reactionary decline in manufacturing industry brings down overall results

Oct-Dec 2016 2nd Preliminary GDP Estimate

GDP revised upwards to +1.2% q/q annualized (+0.3% q/q) centering on capex

January 2017 Industrial Production

Production declines for first time in six months at -0.8% m/m

January 2017 Trade Statistics

Trade balance in the red for first time in 5-months due in part to influence of Lunar New Year celebrations in Sinosphere

Oct-Dec 2016 1st Preliminary GDP Estimate

GDP records fourth consecutive quarter of mostly export driven growth. Deflator even more positive than in past, driven by upstream inflation

December 2016 Machinery Orders

December orders up by +6.7% m/m. Growth of +3.3% q/q seen for 2017 Jan-Mar period

December 2016 Industrial Production

Production maintains growth at +0.5% m/m

December 2016 Trade Statistics

Export value makes y/y gains for first time in 15 months

November 2016 Machinery Orders

November orders fall by -5.1% m/m. Declines in non-manufacturing industries bring downward pressure on overall performance