Japan Chart Pack Best of the G7 (Sep 09) The Japanese economy posted the strongest rebound in the G7 in Q2, but was also first into recession and had previously suffered the sharpest falls in activity. Massive amounts of spare capacity will... 2nd September 2009 · 1 min read
Japan Chart Pack So far so good (Jun 09) The Japanese economy appears to be on track for a decent recovery. The key measures of business and consumer sentiment are rebounding and the April releases brought the first real evidence that this... 24th June 2009 · 1 min read
Japan Chart Pack Down but not out (Feb 09) The speed and extent of the collapse in Japanese exports should at least mean that the immediate adjustment to weaker global demand has now largely run its course. The fall-out in terms of the damage... 16th February 2009 · 1 min read
Japan Chart Pack Deeper recession now likely in 2009 (Dec 08) Japanese households and companies have avoided the financial excesses and over-indebtedness that point to a severe and prolonged recession in the West. Japanese banks are also in relatively good shape... 24th December 2008 · 1 min read
Japan Chart Pack First to recover as global inflation shock fades (Oct 08) The Japanese economy may already be in technical recession, but we expect the downturn to be relatively short-lived and shallow. Sharp falls in inflation will boost real incomes, while Japan has... 24th October 2008 · 1 min read
Japan Chart Pack Economic downturn to be shallow and short-lived (Aug 08) Japan has been hit hard by surging food and energy prices, but has avoided the credit crunch and collapsing house prices that have undermined so many economies in the West. Indeed, the Japanese... 24th August 2008 · 1 min read
Japan Chart Pack Economy slowing, but Tankan reassuring (Jul 08) The Japanese economy is clearly slowing. Indeed, the official data suggest that consumer spending has fallen sharply and manufacturing may already be in a (short-lived) technical recession... 24th July 2008 · 1 min read
Japan Chart Pack GDP growth on course for 2% this year (May 08) Even allowing for a marked slowdown in the second and third quarters, a strong start to the year means that Japanese GDP is still likely to grow by around 2% in 2008. This would be comfortably above... 24th May 2008 · 1 min read
Japan Chart Pack Economy to outperform low expectations (Mar 08) Most discussion of the outlook for Japan in 2008 assumes that the two alternatives are a sharp slowdown or an outright recession. However, much of the incoming data actually favours a third scenario... 24th March 2008 · 1 min read
Japan Chart Pack Already past the worst? (Jan 08) Japan is not currently in recession as commonly defined (that is, two quarters of negative growth, or a year-on-year decline). But the level of GDP failed to recover fully in the third quarter of last... 24th January 2008 · 1 min read
Japan Chart Pack Incoming data suggest outlook deteriorating (Nov 07) The latest monthly data have mostly been disappointing, confirming that the Bank of Japan will have to tread very carefully if it wants to continue returning interest rates towards more normal levels... 24th November 2007 · 1 min read
Japan Chart Pack Economy slowing, but no “hard landing” (Aug 07) For the first time in a long while it is possible to build a reasonable case for worrying about the Japanese economy: our monthly review of the latest data finds causes for concern among both... 24th August 2007 · 1 min read
Japan Chart Pack Growth to beat the consensus (again) this year (Jun 07) The upwardly-revised Q1 GDP data have set a solid base for the year. We expect growth of around 2.6% in 2007 as a whole, comfortably above the latest consensus of 2.2%. The slump in the index of... 24th June 2007 · 1 min read
Japan Chart Pack Consumer spending becomes a key driver of growth (May 07) The slightly disappointing GDP data for the first quarter still mark a good start for the year. In particular, the household sector made another large positive contribution. Investment was the soft... 24th May 2007 · 1 min read
Japan Chart Pack Consumer will have to offset industrial slowdown (Apr 07) The outlook for the Japanese economy is less clear than it has been for a while. Growth in the industrial sector is certainly slowing, albeit from a relatively high level. Weak manufacturing orders... 24th April 2007 · 1 min read
Japan Chart Pack Yen to rise further (Mar 07) The early data for January and February suggest that consumer spending has retained much of its positive momentum from the fourth quarter of last year, but industrial growth has peaked. The strong... 24th March 2007 · 1 min read