Fiscal Balance in Japan
Japan - Fiscal BalanceGrowth momentum likely moderated in Q1, mostly on the back of cooling global demand, which traditionally fuels activity in the all-important manufacturing sector and shores up business investment. Against this backdrop, industrial production fell on a monthly basis in March and sentiment among large manufacturers declined to a two-year low in Q1 2019. An uncertain economic outlook could have started to weigh on household spending, as consumer confidence fell to an over three-year low in March. In an attempt to rekindle economic growth, in late March the parliament approved a record JPY 111 trillion (USD 920 billion) budget for FY 2019 (April 2019–March 2020), which increases spending on welfare, public works and defense. The budget also allocates resources to mitigate the negative impact of a planned sales tax hike in October.
Japan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-7.7||-5.7||-4.3||-5.0||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.05||-4.41 %||May 13|
|Exchange Rate||119.3||-0.35 %||May 13|
|Stock Market||21,191||0.11 %||May 13|
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May 9, 2019
Consumer sentiment declined from 11.5 in March to 11.4 in April.
April 26, 2019
Industrial production declined 0.9% on a month-on-month and seasonally-adjusted basis in March, contrasting February’s 0.7% increase.
April 25, 2019
At its 24–25 April meeting, Bank of Japan (BoJ) board members decided to provide forward guidance on monetary policy for the first time ever.
April 23, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) rose from March’s 49.2 (previously reported: 48.9) to 49.5 in April.
April 19, 2019
The core consumer price index was flat in month-on-month seasonally-adjusted terms in March, coming in below February’s 0.1% increase.