Japan Economy

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 37.4 34.1 0.0967742 0.316901 1.0 1.0 0.966667 2021-06-30
car registrations 724641 720232 0.00612164 0.134748 1.0 1.0 0.583333 2021-05-31

Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.Japan’s car registrations decreased to 219040.0 by -1.1% on November 2020 from 221487.0 in the previous Monthly. On a year on year basis Japan’s car registrations increased by 6.43%. Japan’s car registrations trend is down since the current value of 219040.0 is lower than the 12 month moving average of 205242.0.

Japan Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
industrial production 21.1 15.8 0.335443 -1.78148 1.0 1.0 0.283333 2021-05-31
industrial production mom -6.5 2.9 -3.24138 -0.380952 -1.0 1.0 0.6 2021-05-31
capacity utilization 96.5 99.3 -0.0281974 0.370739 1.0 1.0 1 2021-05-31

Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s industrial production icnreased to -3.4 by 13.33% on November 2020 from -3.0 in the previous Monthly. On a year on year basis Japan’s industrial production decreased by -57.5%. Japan’s industrial production trend is down since the current value of -3.4 is lower than the 12 month moving average of -10.5.Japan’s industrial production mom icnreased to 4.0 by 2.56% on October 2020 from 3.9 in the previous Monthly. On a year on year basis Japan’s industrial production mom decreased by -200.0%. Japan’s industrial production mom trend is down since the current value of 4.0 is lower than the 12 month moving average of -0.141667.Japan’s capacity utilization icnreased to 95.4 by 6.0% on October 2020 from 90.0 in the previous Monthly. On a year on year basis Japan’s capacity utilization decreased by -0.93%. Japan’s capacity utilization trend is down since the current value of 95.4 is lower than the 12 month moving average of 87.7833.

Japan Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30

Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.

 

Japan Tankan Surveys

+
Tankan Indicators Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Japan, TANKAN, Large firms, manufacturing, actual, Price Index 5 -10 -1.5 -0.8 1.0 -1.0 0.466667 2021-03-31
Japan, TANKAN, Large firms, non manufacturing, actual -1 -5 -0.8 -1.04348 -1.0 -1.0 0.383333 2021-03-31
Japan, TANKAN, Small firms, manufacturing -13 -27 -0.518519 -1.86667 -1.0 -1.0 0.35 2021-03-30
Japan, TANKAN, Small firms, non-manufacturing -11 -12 -0.0833333 -2.1 -1.0 -1.0 0.1 2021-03-31
Japan Machine Tool Orders 123946 127876 -0.0307329 1.20768 1.0 1.0 1 2021-04-30
machinery orders 7.8 0.6 12 3.58824 1.0 1.0 0.966667 2021-05-31

Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased to -10.0 by -6296.0% on January 2021 from -27.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased by -14546.0%. Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.41667.Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased to -5.0 by -5833.0% on January 2021 from -12.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased by -12174.0%. Japan’s Japan, TANKAN, Large firms, non manufacturing, actual trend is down since the current value of -5.0 is lower than the 12 month moving average of 12.6667.Japan’s Japan, TANKAN, Small firms, manufacturing decreased to -27.0 by -3864.0% on January 2021 from -44.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, manufacturing decreased by -28000.0%. Japan’s Japan, TANKAN, Small firms, manufacturing trend is down since the current value of -27.0 is lower than the 12 month moving average of -6.83333.Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased to -12.0 by -4545.0% on January 2021 from -22.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased by -23333.0%. Japan’s Japan, TANKAN, Small firms, non-manufacturing trend is down since the current value of -12.0 is lower than the 12 month moving average of 1.41667.Japan’s Japan Machine Tool Orders icnreased to 88222.0 by 731.0% on January 2021 from 82211.0 in the previous Monthly. On a year on year basis Japan’s Japan Machine Tool Orders increased by 802.0%. Japan’s Japan Machine Tool Orders trend is down since the current value of 88222.0 is lower than the 12 month moving average of 74369.5.Japan’s machinery orders decreased to 17.1 by -488.64% on October 2020 from -4.4 in the previous Monthly. On a year on year basis Japan’s machinery orders decreased by -634.38%. Japan’s machinery orders trend is down since the current value of 17.1 is lower than the 12 month moving average of 0.508333.

Japan Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 8.2 11.9 -0.310924 -1.656 1.0 1.0 0.466667 2021-05-31
retail sales MoM -4.5 1.2 -4.75 0.5 -1.0 -1.0 0.8 2021-04-30

Japan’s retail sales decreased to 0.7 by -89.06% on November 2020 from 6.4 in the previous Monthly. On a year on year basis Japan’s retail sales decreased by -133.33%. Japan’s retail sales trend is down since the current value of 0.7 is lower than the 12 month moving average of -3.35.Japan’s retail sales MoM decreased to 0.4 by -500.0% on October 2020 from -0.1 in the previous Monthly. On a year on year basis Japan’s retail sales MoM decreased by -102.92%. Japan’s retail sales MoM trend is down since the current value of 0.4 is lower than the 12 month moving average of 0.641667.

Japan Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts 9.9 7.1 0.394366 -1.825 1.0 1.0 0.3 2021-05-31
housing index 119.32 118.3 0.00862215 0.0268503 1.0 1.0 0.783333 2021-03-31

Japan’s housing starts decreased to -3.7 by -55.42% on November 2020 from -8.3 in the previous Monthly. On a year on year basis Japan’s housing starts decreased by -70.87%. Japan’s housing starts trend is down since the current value of -3.7 is lower than the 12 month moving average of -9.78333.Japan’s housing index icnreased to 114.95 by 0.96% on September 2020 from 113.86 in the previous Monthly. On a year on year basis Japan’s housing index increased by 0.82%. Japan’s housing index trend is down since the current value of 114.95 is lower than the 12 month moving average of 113.909.

Japan GDP

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 534274 542688 -0.0155043 0.00136258 1.0 1.0 0.266667 2020-11-01
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
gdp 5064.87 4954.81 0.0222128 0.121723 -1.0 1.0 0 2019-01-31
gdp growth -1 2.8 -1.35714 -2.25 -1.0 -1.0 0.2 2021-03-31
gdp growth annualized -3.9 11.7 -1.33333 -3.4375 -1.0 -1.0 0.2 2021-01-01

Japan’s Real GDP icnreased to 507616.0 by 4.96% on July 2020 from 483642.0 in the previous Quarterly. On a year on year basis Japan’s Real GDP decreased by -4.63%. Japan’s Real GDP trend is down since the current value of 507616.0 is lower than the 12 month moving average of 528004.0.Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s gdp icnreased to 5081.77 by 2.56% on January 2019 from 4954.81 in the previous Yearly. On a year on year basis Japan’s gdp increased by 12.55%. Japan’s gdp trend is down since the current value of 5081.77 is lower than the 12 month moving average of 5212.64.Japan’s gdp growth decreased to 5.0 by -160.98% on July 2020 from -8.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth increased by 1150.0%. Japan’s gdp growth trend is down since the current value of 5.0 is lower than the 12 month moving average of -0.3.Japan’s gdp growth annualized decreased to 21.4 by -174.31% on September 2020 from -28.8 in the previous Quarterly. On a year on year basis Japan’s gdp growth annualized increased by 830.43%. Japan’s gdp growth annualized trend is down since the current value of 21.4 is lower than the 12 month moving average of -0.941667.

Japan inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
core inflation rate 0.2 0.1 1 -2 1.0 1.0 0.275 2021-06-30
consumer price index cpi 101.9 101.7 0.00196657 0.00196657 1.0 1.0 0.308333 2021-06-30
Producer Price Index 104.6 103.9 0.00673725 0.0502008 1.0 1.0 1 2021-06-30
PPI Index 5 5.1 -0.0196078 -4.125 1.0 1.0 0.05 2021-06-30

Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s core inflation rate icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Japan’s core inflation rate decreased by -400.0%. Japan’s core inflation rate trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0583333.Japan’s consumer price index cpi decreased to 101.3 by -0.49% on October 2020 from 101.8 in the previous Monthly. On a year on year basis Japan’s consumer price index cpi decreased by -0.88%. Japan’s consumer price index cpi trend is down since the current value of 101.3 is lower than the 12 month moving average of 101.925.Japan’s Producer Price Index decreased to 99.9 by -0.2% on October 2020 from 100.1 in the previous Monthly. On a year on year basis Japan’s Producer Price Index decreased by -2.06%. Japan’s Producer Price Index trend is down since the current value of 99.9 is lower than the 12 month moving average of 100.667.Japan’s PPI Index icnreased to -2.2 by 4.76% on November 2020 from -2.1 in the previous Monthly. On a year on year basis Japan’s PPI Index decreased by -1200.0%. Japan’s PPI Index trend is down since the current value of -2.2 is lower than the 12 month moving average of -0.875.

Japan Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -10.3 -3.1 2.32258 1.86111 -1.0 -1.0 0 2020-01-31
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s Government budget decreased to -131556.0 by -57.34% on May 2020 from -308414.0 in the previous Quarterly. On a year on year basis Japan’s Government budget increased by 46.96%. Japan’s Government budget trend is down since the current value of -131556.0 is lower than the 12 month moving average of -62424.4.

Japan Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m0 110397 110412 -0.000135855 0.0387862 1.0 1.0 0.366667 2021-06-30
money supply m1 973908 975216 -0.00134124 0.0882639 1.0 1.0 0.7 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
money supply m3 1512570 1508490 0.00270469 0.0514984 1.0 1.0 0.8 2021-06-30

Japan’s interest rate Japan’s interest rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Japan’s central bank balance sheet icnreased to 705305.0 by 1.01% on November 2020 from 698231.0 in the previous Monthly. On a year on year basis Japan’s central bank balance sheet increased by 21.91%. Japan’s central bank balance sheet trend is down since the current value of 705305.0 is lower than the 12 month moving average of 640802.0.Japan’s money supply m2 icnreased to 1132150.0 by 0.69% on November 2020 from 1124360.0 in the previous Monthly. On a year on year basis Japan’s money supply m2 increased by 9.03%. Japan’s money supply m2 trend is down since the current value of 1132150.0 is lower than the 12 month moving average of 1085850.0.

Japan Employment

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
youth unemployment rate 4.3 4.8 -0.104167 -0.104167 -1.0 -1.0 0.35 2021-04-30
Long Term Unemployment Rate 1.3 1.7 -0.235294 0 -1.0 -1.0 0 2014-01-01

Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s youth unemployment rate decreased to 4.7 by -7.84% on August 2020 from 5.1 in the previous Monthly. On a year on year basis Japan’s youth unemployment rate increased by 27.03%. Japan’s youth unemployment rate trend is down since the current value of 4.7 is lower than the 12 month moving average of 4.35.Japan’s Long Term Unemployment Rate decreased to 1.3 by -2353.0% on January 2021 from 1.7 in the previous Yearly. Japan’s Long Term Unemployment Rate trend is down since the current value of 1.3 is lower than the 12 month moving average of 0.0.

Japan Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
exports 7220.79 6261.28 0.153245 0.485041 1.0 1.0 0.983333 2021-06-30
imports 6837.61 6448.42 0.0603543 0.331502 1.0 1.0 0.983333 2021-06-30
balance of trade 383.18 -189.4 -3.02313 -2.40406 1.0 1.0 0.216667 2021-06-30
capital flows 27018 -2394 -12.2857 3.28245 1.0 1.0 0.95 2021-05-31
foreign direct investment 10999.8 23444.1 -0.530807 0.0253356 1.0 1.0 0.566667 2021-05-31

Japan’s current account icnreased to 2144.7 by 29.18% on October 2020 from 1660.2 in the previous Monthly. On a year on year basis Japan’s current account increased by 17.96%. Japan’s current account trend is down since the current value of 2144.7 is lower than the 12 month moving average of 1386.47.Japan’s current account to gdp icnreased to 3.6 by 2.86% on January 2019 from 3.5 in the previous Yearly. On a year on year basis Japan’s current account to gdp decreased by -23.4%. Japan’s current account to gdp trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.725.Japan’s exports decreased to 6113.63 by -6.89% on November 2020 from 6565.81 in the previous Monthly. On a year on year basis Japan’s exports decreased by -4.16%. Japan’s exports trend is down since the current value of 6113.63 is lower than the 12 month moving average of 5689.71.Japan’s imports icnreased to 5746.86 by 0.93% on November 2020 from 5694.12 in the previous Monthly. On a year on year basis Japan’s imports decreased by -11.14%. Japan’s imports trend is down since the current value of 5746.86 is lower than the 12 month moving average of 5709.06.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s capital flows decreased to 8361.0 by -56.11% on October 2020 from 19049.0 in the previous Monthly. On a year on year basis Japan’s capital flows increased by 16.45%. Japan’s capital flows trend is down since the current value of 8361.0 is lower than the 12 month moving average of 12810.8.Japan’s foreign direct investment icnreased to 8533.87 by 764.5% on October 2020 from 987.15 in the previous Monthly. On a year on year basis Japan’s foreign direct investment decreased by -18.0%. Japan’s foreign direct investment trend is down since the current value of 8533.87 is lower than the 12 month moving average of 10803.1.

Japan Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01

Japan’s foreign exchange reserves icnreased to 1384620.0 by 0.02% on November 2020 from 1384370.0 in the previous Monthly. On a year on year basis Japan’s foreign exchange reserves increased by 5.11%. Japan’s foreign exchange reserves trend is down since the current value of 1384620.0 is lower than the 12 month moving average of 1373430.0.Japan’s gold reserves icnreased to 765.22 by 0.0% on July 2020 from 765.2 in the previous Quarterly. Japan’s gold reserves trend is down since the current value of 765.22 is lower than the 12 month moving average of 765.207.Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01

Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.1 -0.09 0.111111 0.428571 -1.0 -1.0 1 2021-06-04
deposit interest rate -0.11 -0.15 -0.266667 -0.266667 1.0 1.0 0.05 2021-03-19
bank lending rate 1 1.05 -0.047619 0.0526316 1.0 1.0 0.858333 2020-08-31
loan growth 1.4 2.9 -0.517241 -0.777778 -1.0 -1.0 0.0166667 2021-06-30
loans to private sector 501460 501954 -0.000984154 0.00743735 1.0 1.0 0.0166667 2021-06-30

Japan’s interbank rate On a year on year basis Japan’s interbank rate increased by 21.74%. Japan’s interbank rate trend is down since the current value of -0.099 is lower than the 12 month moving average of -0.10775.Japan’s deposit interest rate decreased to -0.21 by -8.7% on August 2019 from -0.23 in the previous Yearly. On a year on year basis Japan’s deposit interest rate decreased by -27.59%. Japan’s deposit interest rate trend is down since the current value of -0.21 is lower than the 12 month moving average of -0.225.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s loan growth icnreased to 6.3 by 1.61% on November 2020 from 6.2 in the previous Monthly. On a year on year basis Japan’s loan growth increased by 200.0%. Japan’s loan growth trend is down since the current value of 6.3 is lower than the 12 month moving average of 4.475.Japan’s loans to private sector icnreased to 498344.0 by 0.13% on November 2020 from 497702.0 in the previous Monthly. On a year on year basis Japan’s loans to private sector increased by 5.89%. Japan’s loans to private sector trend is down since the current value of 498344.0 is lower than the 12 month moving average of 488808.0.

 

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 37.4 34.1 0.0967742 0.316901 1.0 1.0 0.966667 2021-06-30
car registrations 724641 720232 0.00612164 0.134748 1.0 1.0 0.583333 2021-05-31

Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.Japan’s car registrations decreased to 219040.0 by -1.1% on November 2020 from 221487.0 in the previous Monthly. On a year on year basis Japan’s car registrations increased by 6.43%. Japan’s car registrations trend is down since the current value of 219040.0 is lower than the 12 month moving average of 205242.0.

Japan Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
industrial production 21.1 15.8 0.335443 -1.78148 1.0 1.0 0.283333 2021-05-31
industrial production mom -6.5 2.9 -3.24138 -0.380952 -1.0 1.0 0.6 2021-05-31
capacity utilization 96.5 99.3 -0.0281974 0.370739 1.0 1.0 1 2021-05-31

Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s industrial production icnreased to -3.4 by 13.33% on November 2020 from -3.0 in the previous Monthly. On a year on year basis Japan’s industrial production decreased by -57.5%. Japan’s industrial production trend is down since the current value of -3.4 is lower than the 12 month moving average of -10.5.Japan’s industrial production mom icnreased to 4.0 by 2.56% on October 2020 from 3.9 in the previous Monthly. On a year on year basis Japan’s industrial production mom decreased by -200.0%. Japan’s industrial production mom trend is down since the current value of 4.0 is lower than the 12 month moving average of -0.141667.Japan’s capacity utilization icnreased to 95.4 by 6.0% on October 2020 from 90.0 in the previous Monthly. On a year on year basis Japan’s capacity utilization decreased by -0.93%. Japan’s capacity utilization trend is down since the current value of 95.4 is lower than the 12 month moving average of 87.7833.

Japan Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30

Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.

 

Japan Tankan Surveys

+
Tankan Indicators Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Japan, TANKAN, Large firms, manufacturing, actual, Price Index 5 -10 -1.5 -0.8 1.0 -1.0 0.466667 2021-03-31
Japan, TANKAN, Large firms, non manufacturing, actual -1 -5 -0.8 -1.04348 -1.0 -1.0 0.383333 2021-03-31
Japan, TANKAN, Small firms, manufacturing -13 -27 -0.518519 -1.86667 -1.0 -1.0 0.35 2021-03-30
Japan, TANKAN, Small firms, non-manufacturing -11 -12 -0.0833333 -2.1 -1.0 -1.0 0.1 2021-03-31
Japan Machine Tool Orders 123946 127876 -0.0307329 1.20768 1.0 1.0 1 2021-04-30
machinery orders 7.8 0.6 12 3.58824 1.0 1.0 0.966667 2021-05-31

Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased to -10.0 by -6296.0% on January 2021 from -27.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased by -14546.0%. Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.41667.Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased to -5.0 by -5833.0% on January 2021 from -12.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased by -12174.0%. Japan’s Japan, TANKAN, Large firms, non manufacturing, actual trend is down since the current value of -5.0 is lower than the 12 month moving average of 12.6667.Japan’s Japan, TANKAN, Small firms, manufacturing decreased to -27.0 by -3864.0% on January 2021 from -44.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, manufacturing decreased by -28000.0%. Japan’s Japan, TANKAN, Small firms, manufacturing trend is down since the current value of -27.0 is lower than the 12 month moving average of -6.83333.Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased to -12.0 by -4545.0% on January 2021 from -22.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased by -23333.0%. Japan’s Japan, TANKAN, Small firms, non-manufacturing trend is down since the current value of -12.0 is lower than the 12 month moving average of 1.41667.Japan’s Japan Machine Tool Orders icnreased to 88222.0 by 731.0% on January 2021 from 82211.0 in the previous Monthly. On a year on year basis Japan’s Japan Machine Tool Orders increased by 802.0%. Japan’s Japan Machine Tool Orders trend is down since the current value of 88222.0 is lower than the 12 month moving average of 74369.5.Japan’s machinery orders decreased to 17.1 by -488.64% on October 2020 from -4.4 in the previous Monthly. On a year on year basis Japan’s machinery orders decreased by -634.38%. Japan’s machinery orders trend is down since the current value of 17.1 is lower than the 12 month moving average of 0.508333.

Japan Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 8.2 11.9 -0.310924 -1.656 1.0 1.0 0.466667 2021-05-31
retail sales MoM -4.5 1.2 -4.75 0.5 -1.0 -1.0 0.8 2021-04-30

Japan’s retail sales decreased to 0.7 by -89.06% on November 2020 from 6.4 in the previous Monthly. On a year on year basis Japan’s retail sales decreased by -133.33%. Japan’s retail sales trend is down since the current value of 0.7 is lower than the 12 month moving average of -3.35.Japan’s retail sales MoM decreased to 0.4 by -500.0% on October 2020 from -0.1 in the previous Monthly. On a year on year basis Japan’s retail sales MoM decreased by -102.92%. Japan’s retail sales MoM trend is down since the current value of 0.4 is lower than the 12 month moving average of 0.641667.

Japan Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts 9.9 7.1 0.394366 -1.825 1.0 1.0 0.3 2021-05-31
housing index 119.32 118.3 0.00862215 0.0268503 1.0 1.0 0.783333 2021-03-31

Japan’s housing starts decreased to -3.7 by -55.42% on November 2020 from -8.3 in the previous Monthly. On a year on year basis Japan’s housing starts decreased by -70.87%. Japan’s housing starts trend is down since the current value of -3.7 is lower than the 12 month moving average of -9.78333.Japan’s housing index icnreased to 114.95 by 0.96% on September 2020 from 113.86 in the previous Monthly. On a year on year basis Japan’s housing index increased by 0.82%. Japan’s housing index trend is down since the current value of 114.95 is lower than the 12 month moving average of 113.909.

Japan GDP

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 534274 542688 -0.0155043 0.00136258 1.0 1.0 0.266667 2020-11-01
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
gdp 5064.87 4954.81 0.0222128 0.121723 -1.0 1.0 0 2019-01-31
gdp growth -1 2.8 -1.35714 -2.25 -1.0 -1.0 0.2 2021-03-31
gdp growth annualized -3.9 11.7 -1.33333 -3.4375 -1.0 -1.0 0.2 2021-01-01

Japan’s Real GDP icnreased to 507616.0 by 4.96% on July 2020 from 483642.0 in the previous Quarterly. On a year on year basis Japan’s Real GDP decreased by -4.63%. Japan’s Real GDP trend is down since the current value of 507616.0 is lower than the 12 month moving average of 528004.0.Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s gdp icnreased to 5081.77 by 2.56% on January 2019 from 4954.81 in the previous Yearly. On a year on year basis Japan’s gdp increased by 12.55%. Japan’s gdp trend is down since the current value of 5081.77 is lower than the 12 month moving average of 5212.64.Japan’s gdp growth decreased to 5.0 by -160.98% on July 2020 from -8.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth increased by 1150.0%. Japan’s gdp growth trend is down since the current value of 5.0 is lower than the 12 month moving average of -0.3.Japan’s gdp growth annualized decreased to 21.4 by -174.31% on September 2020 from -28.8 in the previous Quarterly. On a year on year basis Japan’s gdp growth annualized increased by 830.43%. Japan’s gdp growth annualized trend is down since the current value of 21.4 is lower than the 12 month moving average of -0.941667.

Japan inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
core inflation rate 0.2 0.1 1 -2 1.0 1.0 0.275 2021-06-30
consumer price index cpi 101.9 101.7 0.00196657 0.00196657 1.0 1.0 0.308333 2021-06-30
Producer Price Index 104.6 103.9 0.00673725 0.0502008 1.0 1.0 1 2021-06-30
PPI Index 5 5.1 -0.0196078 -4.125 1.0 1.0 0.05 2021-06-30

Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s core inflation rate icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Japan’s core inflation rate decreased by -400.0%. Japan’s core inflation rate trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0583333.Japan’s consumer price index cpi decreased to 101.3 by -0.49% on October 2020 from 101.8 in the previous Monthly. On a year on year basis Japan’s consumer price index cpi decreased by -0.88%. Japan’s consumer price index cpi trend is down since the current value of 101.3 is lower than the 12 month moving average of 101.925.Japan’s Producer Price Index decreased to 99.9 by -0.2% on October 2020 from 100.1 in the previous Monthly. On a year on year basis Japan’s Producer Price Index decreased by -2.06%. Japan’s Producer Price Index trend is down since the current value of 99.9 is lower than the 12 month moving average of 100.667.Japan’s PPI Index icnreased to -2.2 by 4.76% on November 2020 from -2.1 in the previous Monthly. On a year on year basis Japan’s PPI Index decreased by -1200.0%. Japan’s PPI Index trend is down since the current value of -2.2 is lower than the 12 month moving average of -0.875.

Japan Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -10.3 -3.1 2.32258 1.86111 -1.0 -1.0 0 2020-01-31
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s Government budget decreased to -131556.0 by -57.34% on May 2020 from -308414.0 in the previous Quarterly. On a year on year basis Japan’s Government budget increased by 46.96%. Japan’s Government budget trend is down since the current value of -131556.0 is lower than the 12 month moving average of -62424.4.

Japan Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m0 110397 110412 -0.000135855 0.0387862 1.0 1.0 0.366667 2021-06-30
money supply m1 973908 975216 -0.00134124 0.0882639 1.0 1.0 0.7 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
money supply m3 1512570 1508490 0.00270469 0.0514984 1.0 1.0 0.8 2021-06-30

Japan’s interest rate Japan’s interest rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Japan’s central bank balance sheet icnreased to 705305.0 by 1.01% on November 2020 from 698231.0 in the previous Monthly. On a year on year basis Japan’s central bank balance sheet increased by 21.91%. Japan’s central bank balance sheet trend is down since the current value of 705305.0 is lower than the 12 month moving average of 640802.0.Japan’s money supply m2 icnreased to 1132150.0 by 0.69% on November 2020 from 1124360.0 in the previous Monthly. On a year on year basis Japan’s money supply m2 increased by 9.03%. Japan’s money supply m2 trend is down since the current value of 1132150.0 is lower than the 12 month moving average of 1085850.0.

Japan Employment

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
youth unemployment rate 4.3 4.8 -0.104167 -0.104167 -1.0 -1.0 0.35 2021-04-30
Long Term Unemployment Rate 1.3 1.7 -0.235294 0 -1.0 -1.0 0 2014-01-01

Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s youth unemployment rate decreased to 4.7 by -7.84% on August 2020 from 5.1 in the previous Monthly. On a year on year basis Japan’s youth unemployment rate increased by 27.03%. Japan’s youth unemployment rate trend is down since the current value of 4.7 is lower than the 12 month moving average of 4.35.Japan’s Long Term Unemployment Rate decreased to 1.3 by -2353.0% on January 2021 from 1.7 in the previous Yearly. Japan’s Long Term Unemployment Rate trend is down since the current value of 1.3 is lower than the 12 month moving average of 0.0.

Japan Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
exports 7220.79 6261.28 0.153245 0.485041 1.0 1.0 0.983333 2021-06-30
imports 6837.61 6448.42 0.0603543 0.331502 1.0 1.0 0.983333 2021-06-30
balance of trade 383.18 -189.4 -3.02313 -2.40406 1.0 1.0 0.216667 2021-06-30
capital flows 27018 -2394 -12.2857 3.28245 1.0 1.0 0.95 2021-05-31
foreign direct investment 10999.8 23444.1 -0.530807 0.0253356 1.0 1.0 0.566667 2021-05-31

Japan’s current account icnreased to 2144.7 by 29.18% on October 2020 from 1660.2 in the previous Monthly. On a year on year basis Japan’s current account increased by 17.96%. Japan’s current account trend is down since the current value of 2144.7 is lower than the 12 month moving average of 1386.47.Japan’s current account to gdp icnreased to 3.6 by 2.86% on January 2019 from 3.5 in the previous Yearly. On a year on year basis Japan’s current account to gdp decreased by -23.4%. Japan’s current account to gdp trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.725.Japan’s exports decreased to 6113.63 by -6.89% on November 2020 from 6565.81 in the previous Monthly. On a year on year basis Japan’s exports decreased by -4.16%. Japan’s exports trend is down since the current value of 6113.63 is lower than the 12 month moving average of 5689.71.Japan’s imports icnreased to 5746.86 by 0.93% on November 2020 from 5694.12 in the previous Monthly. On a year on year basis Japan’s imports decreased by -11.14%. Japan’s imports trend is down since the current value of 5746.86 is lower than the 12 month moving average of 5709.06.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s capital flows decreased to 8361.0 by -56.11% on October 2020 from 19049.0 in the previous Monthly. On a year on year basis Japan’s capital flows increased by 16.45%. Japan’s capital flows trend is down since the current value of 8361.0 is lower than the 12 month moving average of 12810.8.Japan’s foreign direct investment icnreased to 8533.87 by 764.5% on October 2020 from 987.15 in the previous Monthly. On a year on year basis Japan’s foreign direct investment decreased by -18.0%. Japan’s foreign direct investment trend is down since the current value of 8533.87 is lower than the 12 month moving average of 10803.1.

Japan Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01

Japan’s foreign exchange reserves icnreased to 1384620.0 by 0.02% on November 2020 from 1384370.0 in the previous Monthly. On a year on year basis Japan’s foreign exchange reserves increased by 5.11%. Japan’s foreign exchange reserves trend is down since the current value of 1384620.0 is lower than the 12 month moving average of 1373430.0.Japan’s gold reserves icnreased to 765.22 by 0.0% on July 2020 from 765.2 in the previous Quarterly. Japan’s gold reserves trend is down since the current value of 765.22 is lower than the 12 month moving average of 765.207.Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01

Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.1 -0.09 0.111111 0.428571 -1.0 -1.0 1 2021-06-04
deposit interest rate -0.11 -0.15 -0.266667 -0.266667 1.0 1.0 0.05 2021-03-19
bank lending rate 1 1.05 -0.047619 0.0526316 1.0 1.0 0.858333 2020-08-31
loan growth 1.4 2.9 -0.517241 -0.777778 -1.0 -1.0 0.0166667 2021-06-30
loans to private sector 501460 501954 -0.000984154 0.00743735 1.0 1.0 0.0166667 2021-06-30

Japan’s interbank rate On a year on year basis Japan’s interbank rate increased by 21.74%. Japan’s interbank rate trend is down since the current value of -0.099 is lower than the 12 month moving average of -0.10775.Japan’s deposit interest rate decreased to -0.21 by -8.7% on August 2019 from -0.23 in the previous Yearly. On a year on year basis Japan’s deposit interest rate decreased by -27.59%. Japan’s deposit interest rate trend is down since the current value of -0.21 is lower than the 12 month moving average of -0.225.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s loan growth icnreased to 6.3 by 1.61% on November 2020 from 6.2 in the previous Monthly. On a year on year basis Japan’s loan growth increased by 200.0%. Japan’s loan growth trend is down since the current value of 6.3 is lower than the 12 month moving average of 4.475.Japan’s loans to private sector icnreased to 498344.0 by 0.13% on November 2020 from 497702.0 in the previous Monthly. On a year on year basis Japan’s loans to private sector increased by 5.89%. Japan’s loans to private sector trend is down since the current value of 498344.0 is lower than the 12 month moving average of 488808.0.

 

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 37.4 34.1 0.0967742 0.316901 1.0 1.0 0.966667 2021-06-30
car registrations 724641 720232 0.00612164 0.134748 1.0 1.0 0.583333 2021-05-31

Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.Japan’s car registrations decreased to 219040.0 by -1.1% on November 2020 from 221487.0 in the previous Monthly. On a year on year basis Japan’s car registrations increased by 6.43%. Japan’s car registrations trend is down since the current value of 219040.0 is lower than the 12 month moving average of 205242.0.

Japan Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
industrial production 21.1 15.8 0.335443 -1.78148 1.0 1.0 0.283333 2021-05-31
industrial production mom -6.5 2.9 -3.24138 -0.380952 -1.0 1.0 0.6 2021-05-31
capacity utilization 96.5 99.3 -0.0281974 0.370739 1.0 1.0 1 2021-05-31

Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s industrial production icnreased to -3.4 by 13.33% on November 2020 from -3.0 in the previous Monthly. On a year on year basis Japan’s industrial production decreased by -57.5%. Japan’s industrial production trend is down since the current value of -3.4 is lower than the 12 month moving average of -10.5.Japan’s industrial production mom icnreased to 4.0 by 2.56% on October 2020 from 3.9 in the previous Monthly. On a year on year basis Japan’s industrial production mom decreased by -200.0%. Japan’s industrial production mom trend is down since the current value of 4.0 is lower than the 12 month moving average of -0.141667.Japan’s capacity utilization icnreased to 95.4 by 6.0% on October 2020 from 90.0 in the previous Monthly. On a year on year basis Japan’s capacity utilization decreased by -0.93%. Japan’s capacity utilization trend is down since the current value of 95.4 is lower than the 12 month moving average of 87.7833.

Japan Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30

Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.

 

Japan Tankan Surveys

+
Tankan Indicators Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Japan, TANKAN, Large firms, manufacturing, actual, Price Index 5 -10 -1.5 -0.8 1.0 -1.0 0.466667 2021-03-31
Japan, TANKAN, Large firms, non manufacturing, actual -1 -5 -0.8 -1.04348 -1.0 -1.0 0.383333 2021-03-31
Japan, TANKAN, Small firms, manufacturing -13 -27 -0.518519 -1.86667 -1.0 -1.0 0.35 2021-03-30
Japan, TANKAN, Small firms, non-manufacturing -11 -12 -0.0833333 -2.1 -1.0 -1.0 0.1 2021-03-31
Japan Machine Tool Orders 123946 127876 -0.0307329 1.20768 1.0 1.0 1 2021-04-30
machinery orders 7.8 0.6 12 3.58824 1.0 1.0 0.966667 2021-05-31

Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased to -10.0 by -6296.0% on January 2021 from -27.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased by -14546.0%. Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.41667.Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased to -5.0 by -5833.0% on January 2021 from -12.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased by -12174.0%. Japan’s Japan, TANKAN, Large firms, non manufacturing, actual trend is down since the current value of -5.0 is lower than the 12 month moving average of 12.6667.Japan’s Japan, TANKAN, Small firms, manufacturing decreased to -27.0 by -3864.0% on January 2021 from -44.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, manufacturing decreased by -28000.0%. Japan’s Japan, TANKAN, Small firms, manufacturing trend is down since the current value of -27.0 is lower than the 12 month moving average of -6.83333.Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased to -12.0 by -4545.0% on January 2021 from -22.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased by -23333.0%. Japan’s Japan, TANKAN, Small firms, non-manufacturing trend is down since the current value of -12.0 is lower than the 12 month moving average of 1.41667.Japan’s Japan Machine Tool Orders icnreased to 88222.0 by 731.0% on January 2021 from 82211.0 in the previous Monthly. On a year on year basis Japan’s Japan Machine Tool Orders increased by 802.0%. Japan’s Japan Machine Tool Orders trend is down since the current value of 88222.0 is lower than the 12 month moving average of 74369.5.Japan’s machinery orders decreased to 17.1 by -488.64% on October 2020 from -4.4 in the previous Monthly. On a year on year basis Japan’s machinery orders decreased by -634.38%. Japan’s machinery orders trend is down since the current value of 17.1 is lower than the 12 month moving average of 0.508333.

Japan Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 8.2 11.9 -0.310924 -1.656 1.0 1.0 0.466667 2021-05-31
retail sales MoM -4.5 1.2 -4.75 0.5 -1.0 -1.0 0.8 2021-04-30

Japan’s retail sales decreased to 0.7 by -89.06% on November 2020 from 6.4 in the previous Monthly. On a year on year basis Japan’s retail sales decreased by -133.33%. Japan’s retail sales trend is down since the current value of 0.7 is lower than the 12 month moving average of -3.35.Japan’s retail sales MoM decreased to 0.4 by -500.0% on October 2020 from -0.1 in the previous Monthly. On a year on year basis Japan’s retail sales MoM decreased by -102.92%. Japan’s retail sales MoM trend is down since the current value of 0.4 is lower than the 12 month moving average of 0.641667.

Japan Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts 9.9 7.1 0.394366 -1.825 1.0 1.0 0.3 2021-05-31
housing index 119.32 118.3 0.00862215 0.0268503 1.0 1.0 0.783333 2021-03-31

Japan’s housing starts decreased to -3.7 by -55.42% on November 2020 from -8.3 in the previous Monthly. On a year on year basis Japan’s housing starts decreased by -70.87%. Japan’s housing starts trend is down since the current value of -3.7 is lower than the 12 month moving average of -9.78333.Japan’s housing index icnreased to 114.95 by 0.96% on September 2020 from 113.86 in the previous Monthly. On a year on year basis Japan’s housing index increased by 0.82%. Japan’s housing index trend is down since the current value of 114.95 is lower than the 12 month moving average of 113.909.

Japan GDP

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 534274 542688 -0.0155043 0.00136258 1.0 1.0 0.266667 2020-11-01
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
gdp 5064.87 4954.81 0.0222128 0.121723 -1.0 1.0 0 2019-01-31
gdp growth -1 2.8 -1.35714 -2.25 -1.0 -1.0 0.2 2021-03-31
gdp growth annualized -3.9 11.7 -1.33333 -3.4375 -1.0 -1.0 0.2 2021-01-01

Japan’s Real GDP icnreased to 507616.0 by 4.96% on July 2020 from 483642.0 in the previous Quarterly. On a year on year basis Japan’s Real GDP decreased by -4.63%. Japan’s Real GDP trend is down since the current value of 507616.0 is lower than the 12 month moving average of 528004.0.Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s gdp icnreased to 5081.77 by 2.56% on January 2019 from 4954.81 in the previous Yearly. On a year on year basis Japan’s gdp increased by 12.55%. Japan’s gdp trend is down since the current value of 5081.77 is lower than the 12 month moving average of 5212.64.Japan’s gdp growth decreased to 5.0 by -160.98% on July 2020 from -8.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth increased by 1150.0%. Japan’s gdp growth trend is down since the current value of 5.0 is lower than the 12 month moving average of -0.3.Japan’s gdp growth annualized decreased to 21.4 by -174.31% on September 2020 from -28.8 in the previous Quarterly. On a year on year basis Japan’s gdp growth annualized increased by 830.43%. Japan’s gdp growth annualized trend is down since the current value of 21.4 is lower than the 12 month moving average of -0.941667.

Japan inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
core inflation rate 0.2 0.1 1 -2 1.0 1.0 0.275 2021-06-30
consumer price index cpi 101.9 101.7 0.00196657 0.00196657 1.0 1.0 0.308333 2021-06-30
Producer Price Index 104.6 103.9 0.00673725 0.0502008 1.0 1.0 1 2021-06-30
PPI Index 5 5.1 -0.0196078 -4.125 1.0 1.0 0.05 2021-06-30

Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s core inflation rate icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Japan’s core inflation rate decreased by -400.0%. Japan’s core inflation rate trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0583333.Japan’s consumer price index cpi decreased to 101.3 by -0.49% on October 2020 from 101.8 in the previous Monthly. On a year on year basis Japan’s consumer price index cpi decreased by -0.88%. Japan’s consumer price index cpi trend is down since the current value of 101.3 is lower than the 12 month moving average of 101.925.Japan’s Producer Price Index decreased to 99.9 by -0.2% on October 2020 from 100.1 in the previous Monthly. On a year on year basis Japan’s Producer Price Index decreased by -2.06%. Japan’s Producer Price Index trend is down since the current value of 99.9 is lower than the 12 month moving average of 100.667.Japan’s PPI Index icnreased to -2.2 by 4.76% on November 2020 from -2.1 in the previous Monthly. On a year on year basis Japan’s PPI Index decreased by -1200.0%. Japan’s PPI Index trend is down since the current value of -2.2 is lower than the 12 month moving average of -0.875.

Japan Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -10.3 -3.1 2.32258 1.86111 -1.0 -1.0 0 2020-01-31
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s Government budget decreased to -131556.0 by -57.34% on May 2020 from -308414.0 in the previous Quarterly. On a year on year basis Japan’s Government budget increased by 46.96%. Japan’s Government budget trend is down since the current value of -131556.0 is lower than the 12 month moving average of -62424.4.

Japan Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m0 110397 110412 -0.000135855 0.0387862 1.0 1.0 0.366667 2021-06-30
money supply m1 973908 975216 -0.00134124 0.0882639 1.0 1.0 0.7 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
money supply m3 1512570 1508490 0.00270469 0.0514984 1.0 1.0 0.8 2021-06-30

Japan’s interest rate Japan’s interest rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Japan’s central bank balance sheet icnreased to 705305.0 by 1.01% on November 2020 from 698231.0 in the previous Monthly. On a year on year basis Japan’s central bank balance sheet increased by 21.91%. Japan’s central bank balance sheet trend is down since the current value of 705305.0 is lower than the 12 month moving average of 640802.0.Japan’s money supply m2 icnreased to 1132150.0 by 0.69% on November 2020 from 1124360.0 in the previous Monthly. On a year on year basis Japan’s money supply m2 increased by 9.03%. Japan’s money supply m2 trend is down since the current value of 1132150.0 is lower than the 12 month moving average of 1085850.0.

Japan Employment

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
youth unemployment rate 4.3 4.8 -0.104167 -0.104167 -1.0 -1.0 0.35 2021-04-30
Long Term Unemployment Rate 1.3 1.7 -0.235294 0 -1.0 -1.0 0 2014-01-01

Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s youth unemployment rate decreased to 4.7 by -7.84% on August 2020 from 5.1 in the previous Monthly. On a year on year basis Japan’s youth unemployment rate increased by 27.03%. Japan’s youth unemployment rate trend is down since the current value of 4.7 is lower than the 12 month moving average of 4.35.Japan’s Long Term Unemployment Rate decreased to 1.3 by -2353.0% on January 2021 from 1.7 in the previous Yearly. Japan’s Long Term Unemployment Rate trend is down since the current value of 1.3 is lower than the 12 month moving average of 0.0.

Japan Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
exports 7220.79 6261.28 0.153245 0.485041 1.0 1.0 0.983333 2021-06-30
imports 6837.61 6448.42 0.0603543 0.331502 1.0 1.0 0.983333 2021-06-30
balance of trade 383.18 -189.4 -3.02313 -2.40406 1.0 1.0 0.216667 2021-06-30
capital flows 27018 -2394 -12.2857 3.28245 1.0 1.0 0.95 2021-05-31
foreign direct investment 10999.8 23444.1 -0.530807 0.0253356 1.0 1.0 0.566667 2021-05-31

Japan’s current account icnreased to 2144.7 by 29.18% on October 2020 from 1660.2 in the previous Monthly. On a year on year basis Japan’s current account increased by 17.96%. Japan’s current account trend is down since the current value of 2144.7 is lower than the 12 month moving average of 1386.47.Japan’s current account to gdp icnreased to 3.6 by 2.86% on January 2019 from 3.5 in the previous Yearly. On a year on year basis Japan’s current account to gdp decreased by -23.4%. Japan’s current account to gdp trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.725.Japan’s exports decreased to 6113.63 by -6.89% on November 2020 from 6565.81 in the previous Monthly. On a year on year basis Japan’s exports decreased by -4.16%. Japan’s exports trend is down since the current value of 6113.63 is lower than the 12 month moving average of 5689.71.Japan’s imports icnreased to 5746.86 by 0.93% on November 2020 from 5694.12 in the previous Monthly. On a year on year basis Japan’s imports decreased by -11.14%. Japan’s imports trend is down since the current value of 5746.86 is lower than the 12 month moving average of 5709.06.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s capital flows decreased to 8361.0 by -56.11% on October 2020 from 19049.0 in the previous Monthly. On a year on year basis Japan’s capital flows increased by 16.45%. Japan’s capital flows trend is down since the current value of 8361.0 is lower than the 12 month moving average of 12810.8.Japan’s foreign direct investment icnreased to 8533.87 by 764.5% on October 2020 from 987.15 in the previous Monthly. On a year on year basis Japan’s foreign direct investment decreased by -18.0%. Japan’s foreign direct investment trend is down since the current value of 8533.87 is lower than the 12 month moving average of 10803.1.

Japan Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01

Japan’s foreign exchange reserves icnreased to 1384620.0 by 0.02% on November 2020 from 1384370.0 in the previous Monthly. On a year on year basis Japan’s foreign exchange reserves increased by 5.11%. Japan’s foreign exchange reserves trend is down since the current value of 1384620.0 is lower than the 12 month moving average of 1373430.0.Japan’s gold reserves icnreased to 765.22 by 0.0% on July 2020 from 765.2 in the previous Quarterly. Japan’s gold reserves trend is down since the current value of 765.22 is lower than the 12 month moving average of 765.207.Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01

Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.1 -0.09 0.111111 0.428571 -1.0 -1.0 1 2021-06-04
deposit interest rate -0.11 -0.15 -0.266667 -0.266667 1.0 1.0 0.05 2021-03-19
bank lending rate 1 1.05 -0.047619 0.0526316 1.0 1.0 0.858333 2020-08-31
loan growth 1.4 2.9 -0.517241 -0.777778 -1.0 -1.0 0.0166667 2021-06-30
loans to private sector 501460 501954 -0.000984154 0.00743735 1.0 1.0 0.0166667 2021-06-30

Japan’s interbank rate On a year on year basis Japan’s interbank rate increased by 21.74%. Japan’s interbank rate trend is down since the current value of -0.099 is lower than the 12 month moving average of -0.10775.Japan’s deposit interest rate decreased to -0.21 by -8.7% on August 2019 from -0.23 in the previous Yearly. On a year on year basis Japan’s deposit interest rate decreased by -27.59%. Japan’s deposit interest rate trend is down since the current value of -0.21 is lower than the 12 month moving average of -0.225.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s loan growth icnreased to 6.3 by 1.61% on November 2020 from 6.2 in the previous Monthly. On a year on year basis Japan’s loan growth increased by 200.0%. Japan’s loan growth trend is down since the current value of 6.3 is lower than the 12 month moving average of 4.475.Japan’s loans to private sector icnreased to 498344.0 by 0.13% on November 2020 from 497702.0 in the previous Monthly. On a year on year basis Japan’s loans to private sector increased by 5.89%. Japan’s loans to private sector trend is down since the current value of 498344.0 is lower than the 12 month moving average of 488808.0.

 

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 37.4 34.1 0.0967742 0.316901 1.0 1.0 0.966667 2021-06-30
car registrations 724641 720232 0.00612164 0.134748 1.0 1.0 0.583333 2021-05-31

Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.Japan’s car registrations decreased to 219040.0 by -1.1% on November 2020 from 221487.0 in the previous Monthly. On a year on year basis Japan’s car registrations increased by 6.43%. Japan’s car registrations trend is down since the current value of 219040.0 is lower than the 12 month moving average of 205242.0.

Japan Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
industrial production 21.1 15.8 0.335443 -1.78148 1.0 1.0 0.283333 2021-05-31
industrial production mom -6.5 2.9 -3.24138 -0.380952 -1.0 1.0 0.6 2021-05-31
capacity utilization 96.5 99.3 -0.0281974 0.370739 1.0 1.0 1 2021-05-31

Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s industrial production icnreased to -3.4 by 13.33% on November 2020 from -3.0 in the previous Monthly. On a year on year basis Japan’s industrial production decreased by -57.5%. Japan’s industrial production trend is down since the current value of -3.4 is lower than the 12 month moving average of -10.5.Japan’s industrial production mom icnreased to 4.0 by 2.56% on October 2020 from 3.9 in the previous Monthly. On a year on year basis Japan’s industrial production mom decreased by -200.0%. Japan’s industrial production mom trend is down since the current value of 4.0 is lower than the 12 month moving average of -0.141667.Japan’s capacity utilization icnreased to 95.4 by 6.0% on October 2020 from 90.0 in the previous Monthly. On a year on year basis Japan’s capacity utilization decreased by -0.93%. Japan’s capacity utilization trend is down since the current value of 95.4 is lower than the 12 month moving average of 87.7833.

Japan Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30

Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.

 

Japan Tankan Surveys

+
Tankan Indicators Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Japan, TANKAN, Large firms, manufacturing, actual, Price Index 5 -10 -1.5 -0.8 1.0 -1.0 0.466667 2021-03-31
Japan, TANKAN, Large firms, non manufacturing, actual -1 -5 -0.8 -1.04348 -1.0 -1.0 0.383333 2021-03-31
Japan, TANKAN, Small firms, manufacturing -13 -27 -0.518519 -1.86667 -1.0 -1.0 0.35 2021-03-30
Japan, TANKAN, Small firms, non-manufacturing -11 -12 -0.0833333 -2.1 -1.0 -1.0 0.1 2021-03-31
Japan Machine Tool Orders 123946 127876 -0.0307329 1.20768 1.0 1.0 1 2021-04-30
machinery orders 7.8 0.6 12 3.58824 1.0 1.0 0.966667 2021-05-31

Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased to -10.0 by -6296.0% on January 2021 from -27.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased by -14546.0%. Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.41667.Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased to -5.0 by -5833.0% on January 2021 from -12.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased by -12174.0%. Japan’s Japan, TANKAN, Large firms, non manufacturing, actual trend is down since the current value of -5.0 is lower than the 12 month moving average of 12.6667.Japan’s Japan, TANKAN, Small firms, manufacturing decreased to -27.0 by -3864.0% on January 2021 from -44.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, manufacturing decreased by -28000.0%. Japan’s Japan, TANKAN, Small firms, manufacturing trend is down since the current value of -27.0 is lower than the 12 month moving average of -6.83333.Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased to -12.0 by -4545.0% on January 2021 from -22.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased by -23333.0%. Japan’s Japan, TANKAN, Small firms, non-manufacturing trend is down since the current value of -12.0 is lower than the 12 month moving average of 1.41667.Japan’s Japan Machine Tool Orders icnreased to 88222.0 by 731.0% on January 2021 from 82211.0 in the previous Monthly. On a year on year basis Japan’s Japan Machine Tool Orders increased by 802.0%. Japan’s Japan Machine Tool Orders trend is down since the current value of 88222.0 is lower than the 12 month moving average of 74369.5.Japan’s machinery orders decreased to 17.1 by -488.64% on October 2020 from -4.4 in the previous Monthly. On a year on year basis Japan’s machinery orders decreased by -634.38%. Japan’s machinery orders trend is down since the current value of 17.1 is lower than the 12 month moving average of 0.508333.

Japan Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 8.2 11.9 -0.310924 -1.656 1.0 1.0 0.466667 2021-05-31
retail sales MoM -4.5 1.2 -4.75 0.5 -1.0 -1.0 0.8 2021-04-30

Japan’s retail sales decreased to 0.7 by -89.06% on November 2020 from 6.4 in the previous Monthly. On a year on year basis Japan’s retail sales decreased by -133.33%. Japan’s retail sales trend is down since the current value of 0.7 is lower than the 12 month moving average of -3.35.Japan’s retail sales MoM decreased to 0.4 by -500.0% on October 2020 from -0.1 in the previous Monthly. On a year on year basis Japan’s retail sales MoM decreased by -102.92%. Japan’s retail sales MoM trend is down since the current value of 0.4 is lower than the 12 month moving average of 0.641667.

Japan Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts 9.9 7.1 0.394366 -1.825 1.0 1.0 0.3 2021-05-31
housing index 119.32 118.3 0.00862215 0.0268503 1.0 1.0 0.783333 2021-03-31

Japan’s housing starts decreased to -3.7 by -55.42% on November 2020 from -8.3 in the previous Monthly. On a year on year basis Japan’s housing starts decreased by -70.87%. Japan’s housing starts trend is down since the current value of -3.7 is lower than the 12 month moving average of -9.78333.Japan’s housing index icnreased to 114.95 by 0.96% on September 2020 from 113.86 in the previous Monthly. On a year on year basis Japan’s housing index increased by 0.82%. Japan’s housing index trend is down since the current value of 114.95 is lower than the 12 month moving average of 113.909.

Japan GDP

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 534274 542688 -0.0155043 0.00136258 1.0 1.0 0.266667 2020-11-01
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
gdp 5064.87 4954.81 0.0222128 0.121723 -1.0 1.0 0 2019-01-31
gdp growth -1 2.8 -1.35714 -2.25 -1.0 -1.0 0.2 2021-03-31
gdp growth annualized -3.9 11.7 -1.33333 -3.4375 -1.0 -1.0 0.2 2021-01-01

Japan’s Real GDP icnreased to 507616.0 by 4.96% on July 2020 from 483642.0 in the previous Quarterly. On a year on year basis Japan’s Real GDP decreased by -4.63%. Japan’s Real GDP trend is down since the current value of 507616.0 is lower than the 12 month moving average of 528004.0.Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s gdp icnreased to 5081.77 by 2.56% on January 2019 from 4954.81 in the previous Yearly. On a year on year basis Japan’s gdp increased by 12.55%. Japan’s gdp trend is down since the current value of 5081.77 is lower than the 12 month moving average of 5212.64.Japan’s gdp growth decreased to 5.0 by -160.98% on July 2020 from -8.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth increased by 1150.0%. Japan’s gdp growth trend is down since the current value of 5.0 is lower than the 12 month moving average of -0.3.Japan’s gdp growth annualized decreased to 21.4 by -174.31% on September 2020 from -28.8 in the previous Quarterly. On a year on year basis Japan’s gdp growth annualized increased by 830.43%. Japan’s gdp growth annualized trend is down since the current value of 21.4 is lower than the 12 month moving average of -0.941667.

Japan inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
core inflation rate 0.2 0.1 1 -2 1.0 1.0 0.275 2021-06-30
consumer price index cpi 101.9 101.7 0.00196657 0.00196657 1.0 1.0 0.308333 2021-06-30
Producer Price Index 104.6 103.9 0.00673725 0.0502008 1.0 1.0 1 2021-06-30
PPI Index 5 5.1 -0.0196078 -4.125 1.0 1.0 0.05 2021-06-30

Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s core inflation rate icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Japan’s core inflation rate decreased by -400.0%. Japan’s core inflation rate trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0583333.Japan’s consumer price index cpi decreased to 101.3 by -0.49% on October 2020 from 101.8 in the previous Monthly. On a year on year basis Japan’s consumer price index cpi decreased by -0.88%. Japan’s consumer price index cpi trend is down since the current value of 101.3 is lower than the 12 month moving average of 101.925.Japan’s Producer Price Index decreased to 99.9 by -0.2% on October 2020 from 100.1 in the previous Monthly. On a year on year basis Japan’s Producer Price Index decreased by -2.06%. Japan’s Producer Price Index trend is down since the current value of 99.9 is lower than the 12 month moving average of 100.667.Japan’s PPI Index icnreased to -2.2 by 4.76% on November 2020 from -2.1 in the previous Monthly. On a year on year basis Japan’s PPI Index decreased by -1200.0%. Japan’s PPI Index trend is down since the current value of -2.2 is lower than the 12 month moving average of -0.875.

Japan Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -10.3 -3.1 2.32258 1.86111 -1.0 -1.0 0 2020-01-31
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s Government budget decreased to -131556.0 by -57.34% on May 2020 from -308414.0 in the previous Quarterly. On a year on year basis Japan’s Government budget increased by 46.96%. Japan’s Government budget trend is down since the current value of -131556.0 is lower than the 12 month moving average of -62424.4.

Japan Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m0 110397 110412 -0.000135855 0.0387862 1.0 1.0 0.366667 2021-06-30
money supply m1 973908 975216 -0.00134124 0.0882639 1.0 1.0 0.7 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
money supply m3 1512570 1508490 0.00270469 0.0514984 1.0 1.0 0.8 2021-06-30

Japan’s interest rate Japan’s interest rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Japan’s central bank balance sheet icnreased to 705305.0 by 1.01% on November 2020 from 698231.0 in the previous Monthly. On a year on year basis Japan’s central bank balance sheet increased by 21.91%. Japan’s central bank balance sheet trend is down since the current value of 705305.0 is lower than the 12 month moving average of 640802.0.Japan’s money supply m2 icnreased to 1132150.0 by 0.69% on November 2020 from 1124360.0 in the previous Monthly. On a year on year basis Japan’s money supply m2 increased by 9.03%. Japan’s money supply m2 trend is down since the current value of 1132150.0 is lower than the 12 month moving average of 1085850.0.

Japan Employment

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
youth unemployment rate 4.3 4.8 -0.104167 -0.104167 -1.0 -1.0 0.35 2021-04-30
Long Term Unemployment Rate 1.3 1.7 -0.235294 0 -1.0 -1.0 0 2014-01-01

Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s youth unemployment rate decreased to 4.7 by -7.84% on August 2020 from 5.1 in the previous Monthly. On a year on year basis Japan’s youth unemployment rate increased by 27.03%. Japan’s youth unemployment rate trend is down since the current value of 4.7 is lower than the 12 month moving average of 4.35.Japan’s Long Term Unemployment Rate decreased to 1.3 by -2353.0% on January 2021 from 1.7 in the previous Yearly. Japan’s Long Term Unemployment Rate trend is down since the current value of 1.3 is lower than the 12 month moving average of 0.0.

Japan Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
exports 7220.79 6261.28 0.153245 0.485041 1.0 1.0 0.983333 2021-06-30
imports 6837.61 6448.42 0.0603543 0.331502 1.0 1.0 0.983333 2021-06-30
balance of trade 383.18 -189.4 -3.02313 -2.40406 1.0 1.0 0.216667 2021-06-30
capital flows 27018 -2394 -12.2857 3.28245 1.0 1.0 0.95 2021-05-31
foreign direct investment 10999.8 23444.1 -0.530807 0.0253356 1.0 1.0 0.566667 2021-05-31

Japan’s current account icnreased to 2144.7 by 29.18% on October 2020 from 1660.2 in the previous Monthly. On a year on year basis Japan’s current account increased by 17.96%. Japan’s current account trend is down since the current value of 2144.7 is lower than the 12 month moving average of 1386.47.Japan’s current account to gdp icnreased to 3.6 by 2.86% on January 2019 from 3.5 in the previous Yearly. On a year on year basis Japan’s current account to gdp decreased by -23.4%. Japan’s current account to gdp trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.725.Japan’s exports decreased to 6113.63 by -6.89% on November 2020 from 6565.81 in the previous Monthly. On a year on year basis Japan’s exports decreased by -4.16%. Japan’s exports trend is down since the current value of 6113.63 is lower than the 12 month moving average of 5689.71.Japan’s imports icnreased to 5746.86 by 0.93% on November 2020 from 5694.12 in the previous Monthly. On a year on year basis Japan’s imports decreased by -11.14%. Japan’s imports trend is down since the current value of 5746.86 is lower than the 12 month moving average of 5709.06.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s capital flows decreased to 8361.0 by -56.11% on October 2020 from 19049.0 in the previous Monthly. On a year on year basis Japan’s capital flows increased by 16.45%. Japan’s capital flows trend is down since the current value of 8361.0 is lower than the 12 month moving average of 12810.8.Japan’s foreign direct investment icnreased to 8533.87 by 764.5% on October 2020 from 987.15 in the previous Monthly. On a year on year basis Japan’s foreign direct investment decreased by -18.0%. Japan’s foreign direct investment trend is down since the current value of 8533.87 is lower than the 12 month moving average of 10803.1.

Japan Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01

Japan’s foreign exchange reserves icnreased to 1384620.0 by 0.02% on November 2020 from 1384370.0 in the previous Monthly. On a year on year basis Japan’s foreign exchange reserves increased by 5.11%. Japan’s foreign exchange reserves trend is down since the current value of 1384620.0 is lower than the 12 month moving average of 1373430.0.Japan’s gold reserves icnreased to 765.22 by 0.0% on July 2020 from 765.2 in the previous Quarterly. Japan’s gold reserves trend is down since the current value of 765.22 is lower than the 12 month moving average of 765.207.Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01

Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.1 -0.09 0.111111 0.428571 -1.0 -1.0 1 2021-06-04
deposit interest rate -0.11 -0.15 -0.266667 -0.266667 1.0 1.0 0.05 2021-03-19
bank lending rate 1 1.05 -0.047619 0.0526316 1.0 1.0 0.858333 2020-08-31
loan growth 1.4 2.9 -0.517241 -0.777778 -1.0 -1.0 0.0166667 2021-06-30
loans to private sector 501460 501954 -0.000984154 0.00743735 1.0 1.0 0.0166667 2021-06-30

Japan’s interbank rate On a year on year basis Japan’s interbank rate increased by 21.74%. Japan’s interbank rate trend is down since the current value of -0.099 is lower than the 12 month moving average of -0.10775.Japan’s deposit interest rate decreased to -0.21 by -8.7% on August 2019 from -0.23 in the previous Yearly. On a year on year basis Japan’s deposit interest rate decreased by -27.59%. Japan’s deposit interest rate trend is down since the current value of -0.21 is lower than the 12 month moving average of -0.225.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s loan growth icnreased to 6.3 by 1.61% on November 2020 from 6.2 in the previous Monthly. On a year on year basis Japan’s loan growth increased by 200.0%. Japan’s loan growth trend is down since the current value of 6.3 is lower than the 12 month moving average of 4.475.Japan’s loans to private sector icnreased to 498344.0 by 0.13% on November 2020 from 497702.0 in the previous Monthly. On a year on year basis Japan’s loans to private sector increased by 5.89%. Japan’s loans to private sector trend is down since the current value of 498344.0 is lower than the 12 month moving average of 488808.0.

 

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 37.4 34.1 0.0967742 0.316901 1.0 1.0 0.966667 2021-06-30
car registrations 724641 720232 0.00612164 0.134748 1.0 1.0 0.583333 2021-05-31

Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.Japan’s car registrations decreased to 219040.0 by -1.1% on November 2020 from 221487.0 in the previous Monthly. On a year on year basis Japan’s car registrations increased by 6.43%. Japan’s car registrations trend is down since the current value of 219040.0 is lower than the 12 month moving average of 205242.0.

Japan Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
industrial production 21.1 15.8 0.335443 -1.78148 1.0 1.0 0.283333 2021-05-31
industrial production mom -6.5 2.9 -3.24138 -0.380952 -1.0 1.0 0.6 2021-05-31
capacity utilization 96.5 99.3 -0.0281974 0.370739 1.0 1.0 1 2021-05-31

Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s industrial production icnreased to -3.4 by 13.33% on November 2020 from -3.0 in the previous Monthly. On a year on year basis Japan’s industrial production decreased by -57.5%. Japan’s industrial production trend is down since the current value of -3.4 is lower than the 12 month moving average of -10.5.Japan’s industrial production mom icnreased to 4.0 by 2.56% on October 2020 from 3.9 in the previous Monthly. On a year on year basis Japan’s industrial production mom decreased by -200.0%. Japan’s industrial production mom trend is down since the current value of 4.0 is lower than the 12 month moving average of -0.141667.Japan’s capacity utilization icnreased to 95.4 by 6.0% on October 2020 from 90.0 in the previous Monthly. On a year on year basis Japan’s capacity utilization decreased by -0.93%. Japan’s capacity utilization trend is down since the current value of 95.4 is lower than the 12 month moving average of 87.7833.

Japan Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30

Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.

 

Japan Tankan Surveys

+
Tankan Indicators Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Japan, TANKAN, Large firms, manufacturing, actual, Price Index 5 -10 -1.5 -0.8 1.0 -1.0 0.466667 2021-03-31
Japan, TANKAN, Large firms, non manufacturing, actual -1 -5 -0.8 -1.04348 -1.0 -1.0 0.383333 2021-03-31
Japan, TANKAN, Small firms, manufacturing -13 -27 -0.518519 -1.86667 -1.0 -1.0 0.35 2021-03-30
Japan, TANKAN, Small firms, non-manufacturing -11 -12 -0.0833333 -2.1 -1.0 -1.0 0.1 2021-03-31
Japan Machine Tool Orders 123946 127876 -0.0307329 1.20768 1.0 1.0 1 2021-04-30
machinery orders 7.8 0.6 12 3.58824 1.0 1.0 0.966667 2021-05-31

Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased to -10.0 by -6296.0% on January 2021 from -27.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased by -14546.0%. Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.41667.Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased to -5.0 by -5833.0% on January 2021 from -12.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased by -12174.0%. Japan’s Japan, TANKAN, Large firms, non manufacturing, actual trend is down since the current value of -5.0 is lower than the 12 month moving average of 12.6667.Japan’s Japan, TANKAN, Small firms, manufacturing decreased to -27.0 by -3864.0% on January 2021 from -44.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, manufacturing decreased by -28000.0%. Japan’s Japan, TANKAN, Small firms, manufacturing trend is down since the current value of -27.0 is lower than the 12 month moving average of -6.83333.Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased to -12.0 by -4545.0% on January 2021 from -22.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased by -23333.0%. Japan’s Japan, TANKAN, Small firms, non-manufacturing trend is down since the current value of -12.0 is lower than the 12 month moving average of 1.41667.Japan’s Japan Machine Tool Orders icnreased to 88222.0 by 731.0% on January 2021 from 82211.0 in the previous Monthly. On a year on year basis Japan’s Japan Machine Tool Orders increased by 802.0%. Japan’s Japan Machine Tool Orders trend is down since the current value of 88222.0 is lower than the 12 month moving average of 74369.5.Japan’s machinery orders decreased to 17.1 by -488.64% on October 2020 from -4.4 in the previous Monthly. On a year on year basis Japan’s machinery orders decreased by -634.38%. Japan’s machinery orders trend is down since the current value of 17.1 is lower than the 12 month moving average of 0.508333.

Japan Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 8.2 11.9 -0.310924 -1.656 1.0 1.0 0.466667 2021-05-31
retail sales MoM -4.5 1.2 -4.75 0.5 -1.0 -1.0 0.8 2021-04-30

Japan’s retail sales decreased to 0.7 by -89.06% on November 2020 from 6.4 in the previous Monthly. On a year on year basis Japan’s retail sales decreased by -133.33%. Japan’s retail sales trend is down since the current value of 0.7 is lower than the 12 month moving average of -3.35.Japan’s retail sales MoM decreased to 0.4 by -500.0% on October 2020 from -0.1 in the previous Monthly. On a year on year basis Japan’s retail sales MoM decreased by -102.92%. Japan’s retail sales MoM trend is down since the current value of 0.4 is lower than the 12 month moving average of 0.641667.

Japan Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts 9.9 7.1 0.394366 -1.825 1.0 1.0 0.3 2021-05-31
housing index 119.32 118.3 0.00862215 0.0268503 1.0 1.0 0.783333 2021-03-31

Japan’s housing starts decreased to -3.7 by -55.42% on November 2020 from -8.3 in the previous Monthly. On a year on year basis Japan’s housing starts decreased by -70.87%. Japan’s housing starts trend is down since the current value of -3.7 is lower than the 12 month moving average of -9.78333.Japan’s housing index icnreased to 114.95 by 0.96% on September 2020 from 113.86 in the previous Monthly. On a year on year basis Japan’s housing index increased by 0.82%. Japan’s housing index trend is down since the current value of 114.95 is lower than the 12 month moving average of 113.909.

Japan GDP

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 534274 542688 -0.0155043 0.00136258 1.0 1.0 0.266667 2020-11-01
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
gdp 5064.87 4954.81 0.0222128 0.121723 -1.0 1.0 0 2019-01-31
gdp growth -1 2.8 -1.35714 -2.25 -1.0 -1.0 0.2 2021-03-31
gdp growth annualized -3.9 11.7 -1.33333 -3.4375 -1.0 -1.0 0.2 2021-01-01

Japan’s Real GDP icnreased to 507616.0 by 4.96% on July 2020 from 483642.0 in the previous Quarterly. On a year on year basis Japan’s Real GDP decreased by -4.63%. Japan’s Real GDP trend is down since the current value of 507616.0 is lower than the 12 month moving average of 528004.0.Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s gdp icnreased to 5081.77 by 2.56% on January 2019 from 4954.81 in the previous Yearly. On a year on year basis Japan’s gdp increased by 12.55%. Japan’s gdp trend is down since the current value of 5081.77 is lower than the 12 month moving average of 5212.64.Japan’s gdp growth decreased to 5.0 by -160.98% on July 2020 from -8.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth increased by 1150.0%. Japan’s gdp growth trend is down since the current value of 5.0 is lower than the 12 month moving average of -0.3.Japan’s gdp growth annualized decreased to 21.4 by -174.31% on September 2020 from -28.8 in the previous Quarterly. On a year on year basis Japan’s gdp growth annualized increased by 830.43%. Japan’s gdp growth annualized trend is down since the current value of 21.4 is lower than the 12 month moving average of -0.941667.

Japan inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
core inflation rate 0.2 0.1 1 -2 1.0 1.0 0.275 2021-06-30
consumer price index cpi 101.9 101.7 0.00196657 0.00196657 1.0 1.0 0.308333 2021-06-30
Producer Price Index 104.6 103.9 0.00673725 0.0502008 1.0 1.0 1 2021-06-30
PPI Index 5 5.1 -0.0196078 -4.125 1.0 1.0 0.05 2021-06-30

Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s core inflation rate icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Japan’s core inflation rate decreased by -400.0%. Japan’s core inflation rate trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0583333.Japan’s consumer price index cpi decreased to 101.3 by -0.49% on October 2020 from 101.8 in the previous Monthly. On a year on year basis Japan’s consumer price index cpi decreased by -0.88%. Japan’s consumer price index cpi trend is down since the current value of 101.3 is lower than the 12 month moving average of 101.925.Japan’s Producer Price Index decreased to 99.9 by -0.2% on October 2020 from 100.1 in the previous Monthly. On a year on year basis Japan’s Producer Price Index decreased by -2.06%. Japan’s Producer Price Index trend is down since the current value of 99.9 is lower than the 12 month moving average of 100.667.Japan’s PPI Index icnreased to -2.2 by 4.76% on November 2020 from -2.1 in the previous Monthly. On a year on year basis Japan’s PPI Index decreased by -1200.0%. Japan’s PPI Index trend is down since the current value of -2.2 is lower than the 12 month moving average of -0.875.

Japan Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -10.3 -3.1 2.32258 1.86111 -1.0 -1.0 0 2020-01-31
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s Government budget decreased to -131556.0 by -57.34% on May 2020 from -308414.0 in the previous Quarterly. On a year on year basis Japan’s Government budget increased by 46.96%. Japan’s Government budget trend is down since the current value of -131556.0 is lower than the 12 month moving average of -62424.4.

Japan Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m0 110397 110412 -0.000135855 0.0387862 1.0 1.0 0.366667 2021-06-30
money supply m1 973908 975216 -0.00134124 0.0882639 1.0 1.0 0.7 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
money supply m3 1512570 1508490 0.00270469 0.0514984 1.0 1.0 0.8 2021-06-30

Japan’s interest rate Japan’s interest rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Japan’s central bank balance sheet icnreased to 705305.0 by 1.01% on November 2020 from 698231.0 in the previous Monthly. On a year on year basis Japan’s central bank balance sheet increased by 21.91%. Japan’s central bank balance sheet trend is down since the current value of 705305.0 is lower than the 12 month moving average of 640802.0.Japan’s money supply m2 icnreased to 1132150.0 by 0.69% on November 2020 from 1124360.0 in the previous Monthly. On a year on year basis Japan’s money supply m2 increased by 9.03%. Japan’s money supply m2 trend is down since the current value of 1132150.0 is lower than the 12 month moving average of 1085850.0.

Japan Employment

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
youth unemployment rate 4.3 4.8 -0.104167 -0.104167 -1.0 -1.0 0.35 2021-04-30
Long Term Unemployment Rate 1.3 1.7 -0.235294 0 -1.0 -1.0 0 2014-01-01

Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s youth unemployment rate decreased to 4.7 by -7.84% on August 2020 from 5.1 in the previous Monthly. On a year on year basis Japan’s youth unemployment rate increased by 27.03%. Japan’s youth unemployment rate trend is down since the current value of 4.7 is lower than the 12 month moving average of 4.35.Japan’s Long Term Unemployment Rate decreased to 1.3 by -2353.0% on January 2021 from 1.7 in the previous Yearly. Japan’s Long Term Unemployment Rate trend is down since the current value of 1.3 is lower than the 12 month moving average of 0.0.

Japan Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
exports 7220.79 6261.28 0.153245 0.485041 1.0 1.0 0.983333 2021-06-30
imports 6837.61 6448.42 0.0603543 0.331502 1.0 1.0 0.983333 2021-06-30
balance of trade 383.18 -189.4 -3.02313 -2.40406 1.0 1.0 0.216667 2021-06-30
capital flows 27018 -2394 -12.2857 3.28245 1.0 1.0 0.95 2021-05-31
foreign direct investment 10999.8 23444.1 -0.530807 0.0253356 1.0 1.0 0.566667 2021-05-31

Japan’s current account icnreased to 2144.7 by 29.18% on October 2020 from 1660.2 in the previous Monthly. On a year on year basis Japan’s current account increased by 17.96%. Japan’s current account trend is down since the current value of 2144.7 is lower than the 12 month moving average of 1386.47.Japan’s current account to gdp icnreased to 3.6 by 2.86% on January 2019 from 3.5 in the previous Yearly. On a year on year basis Japan’s current account to gdp decreased by -23.4%. Japan’s current account to gdp trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.725.Japan’s exports decreased to 6113.63 by -6.89% on November 2020 from 6565.81 in the previous Monthly. On a year on year basis Japan’s exports decreased by -4.16%. Japan’s exports trend is down since the current value of 6113.63 is lower than the 12 month moving average of 5689.71.Japan’s imports icnreased to 5746.86 by 0.93% on November 2020 from 5694.12 in the previous Monthly. On a year on year basis Japan’s imports decreased by -11.14%. Japan’s imports trend is down since the current value of 5746.86 is lower than the 12 month moving average of 5709.06.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s capital flows decreased to 8361.0 by -56.11% on October 2020 from 19049.0 in the previous Monthly. On a year on year basis Japan’s capital flows increased by 16.45%. Japan’s capital flows trend is down since the current value of 8361.0 is lower than the 12 month moving average of 12810.8.Japan’s foreign direct investment icnreased to 8533.87 by 764.5% on October 2020 from 987.15 in the previous Monthly. On a year on year basis Japan’s foreign direct investment decreased by -18.0%. Japan’s foreign direct investment trend is down since the current value of 8533.87 is lower than the 12 month moving average of 10803.1.

Japan Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01

Japan’s foreign exchange reserves icnreased to 1384620.0 by 0.02% on November 2020 from 1384370.0 in the previous Monthly. On a year on year basis Japan’s foreign exchange reserves increased by 5.11%. Japan’s foreign exchange reserves trend is down since the current value of 1384620.0 is lower than the 12 month moving average of 1373430.0.Japan’s gold reserves icnreased to 765.22 by 0.0% on July 2020 from 765.2 in the previous Quarterly. Japan’s gold reserves trend is down since the current value of 765.22 is lower than the 12 month moving average of 765.207.Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01

Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.1 -0.09 0.111111 0.428571 -1.0 -1.0 1 2021-06-04
deposit interest rate -0.11 -0.15 -0.266667 -0.266667 1.0 1.0 0.05 2021-03-19
bank lending rate 1 1.05 -0.047619 0.0526316 1.0 1.0 0.858333 2020-08-31
loan growth 1.4 2.9 -0.517241 -0.777778 -1.0 -1.0 0.0166667 2021-06-30
loans to private sector 501460 501954 -0.000984154 0.00743735 1.0 1.0 0.0166667 2021-06-30

Japan’s interbank rate On a year on year basis Japan’s interbank rate increased by 21.74%. Japan’s interbank rate trend is down since the current value of -0.099 is lower than the 12 month moving average of -0.10775.Japan’s deposit interest rate decreased to -0.21 by -8.7% on August 2019 from -0.23 in the previous Yearly. On a year on year basis Japan’s deposit interest rate decreased by -27.59%. Japan’s deposit interest rate trend is down since the current value of -0.21 is lower than the 12 month moving average of -0.225.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s loan growth icnreased to 6.3 by 1.61% on November 2020 from 6.2 in the previous Monthly. On a year on year basis Japan’s loan growth increased by 200.0%. Japan’s loan growth trend is down since the current value of 6.3 is lower than the 12 month moving average of 4.475.Japan’s loans to private sector icnreased to 498344.0 by 0.13% on November 2020 from 497702.0 in the previous Monthly. On a year on year basis Japan’s loans to private sector increased by 5.89%. Japan’s loans to private sector trend is down since the current value of 498344.0 is lower than the 12 month moving average of 488808.0.

 

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 37.4 34.1 0.0967742 0.316901 1.0 1.0 0.966667 2021-06-30
car registrations 724641 720232 0.00612164 0.134748 1.0 1.0 0.583333 2021-05-31

Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.Japan’s car registrations decreased to 219040.0 by -1.1% on November 2020 from 221487.0 in the previous Monthly. On a year on year basis Japan’s car registrations increased by 6.43%. Japan’s car registrations trend is down since the current value of 219040.0 is lower than the 12 month moving average of 205242.0.

Japan Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
industrial production 21.1 15.8 0.335443 -1.78148 1.0 1.0 0.283333 2021-05-31
industrial production mom -6.5 2.9 -3.24138 -0.380952 -1.0 1.0 0.6 2021-05-31
capacity utilization 96.5 99.3 -0.0281974 0.370739 1.0 1.0 1 2021-05-31

Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s industrial production icnreased to -3.4 by 13.33% on November 2020 from -3.0 in the previous Monthly. On a year on year basis Japan’s industrial production decreased by -57.5%. Japan’s industrial production trend is down since the current value of -3.4 is lower than the 12 month moving average of -10.5.Japan’s industrial production mom icnreased to 4.0 by 2.56% on October 2020 from 3.9 in the previous Monthly. On a year on year basis Japan’s industrial production mom decreased by -200.0%. Japan’s industrial production mom trend is down since the current value of 4.0 is lower than the 12 month moving average of -0.141667.Japan’s capacity utilization icnreased to 95.4 by 6.0% on October 2020 from 90.0 in the previous Monthly. On a year on year basis Japan’s capacity utilization decreased by -0.93%. Japan’s capacity utilization trend is down since the current value of 95.4 is lower than the 12 month moving average of 87.7833.

Japan Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30

Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.

 

Japan Tankan Surveys

+
Tankan Indicators Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Japan, TANKAN, Large firms, manufacturing, actual, Price Index 5 -10 -1.5 -0.8 1.0 -1.0 0.466667 2021-03-31
Japan, TANKAN, Large firms, non manufacturing, actual -1 -5 -0.8 -1.04348 -1.0 -1.0 0.383333 2021-03-31
Japan, TANKAN, Small firms, manufacturing -13 -27 -0.518519 -1.86667 -1.0 -1.0 0.35 2021-03-30
Japan, TANKAN, Small firms, non-manufacturing -11 -12 -0.0833333 -2.1 -1.0 -1.0 0.1 2021-03-31
Japan Machine Tool Orders 123946 127876 -0.0307329 1.20768 1.0 1.0 1 2021-04-30
machinery orders 7.8 0.6 12 3.58824 1.0 1.0 0.966667 2021-05-31

Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased to -10.0 by -6296.0% on January 2021 from -27.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased by -14546.0%. Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.41667.Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased to -5.0 by -5833.0% on January 2021 from -12.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased by -12174.0%. Japan’s Japan, TANKAN, Large firms, non manufacturing, actual trend is down since the current value of -5.0 is lower than the 12 month moving average of 12.6667.Japan’s Japan, TANKAN, Small firms, manufacturing decreased to -27.0 by -3864.0% on January 2021 from -44.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, manufacturing decreased by -28000.0%. Japan’s Japan, TANKAN, Small firms, manufacturing trend is down since the current value of -27.0 is lower than the 12 month moving average of -6.83333.Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased to -12.0 by -4545.0% on January 2021 from -22.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased by -23333.0%. Japan’s Japan, TANKAN, Small firms, non-manufacturing trend is down since the current value of -12.0 is lower than the 12 month moving average of 1.41667.Japan’s Japan Machine Tool Orders icnreased to 88222.0 by 731.0% on January 2021 from 82211.0 in the previous Monthly. On a year on year basis Japan’s Japan Machine Tool Orders increased by 802.0%. Japan’s Japan Machine Tool Orders trend is down since the current value of 88222.0 is lower than the 12 month moving average of 74369.5.Japan’s machinery orders decreased to 17.1 by -488.64% on October 2020 from -4.4 in the previous Monthly. On a year on year basis Japan’s machinery orders decreased by -634.38%. Japan’s machinery orders trend is down since the current value of 17.1 is lower than the 12 month moving average of 0.508333.

Japan Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 8.2 11.9 -0.310924 -1.656 1.0 1.0 0.466667 2021-05-31
retail sales MoM -4.5 1.2 -4.75 0.5 -1.0 -1.0 0.8 2021-04-30

Japan’s retail sales decreased to 0.7 by -89.06% on November 2020 from 6.4 in the previous Monthly. On a year on year basis Japan’s retail sales decreased by -133.33%. Japan’s retail sales trend is down since the current value of 0.7 is lower than the 12 month moving average of -3.35.Japan’s retail sales MoM decreased to 0.4 by -500.0% on October 2020 from -0.1 in the previous Monthly. On a year on year basis Japan’s retail sales MoM decreased by -102.92%. Japan’s retail sales MoM trend is down since the current value of 0.4 is lower than the 12 month moving average of 0.641667.

Japan Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts 9.9 7.1 0.394366 -1.825 1.0 1.0 0.3 2021-05-31
housing index 119.32 118.3 0.00862215 0.0268503 1.0 1.0 0.783333 2021-03-31

Japan’s housing starts decreased to -3.7 by -55.42% on November 2020 from -8.3 in the previous Monthly. On a year on year basis Japan’s housing starts decreased by -70.87%. Japan’s housing starts trend is down since the current value of -3.7 is lower than the 12 month moving average of -9.78333.Japan’s housing index icnreased to 114.95 by 0.96% on September 2020 from 113.86 in the previous Monthly. On a year on year basis Japan’s housing index increased by 0.82%. Japan’s housing index trend is down since the current value of 114.95 is lower than the 12 month moving average of 113.909.

Japan GDP

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 534274 542688 -0.0155043 0.00136258 1.0 1.0 0.266667 2020-11-01
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
gdp 5064.87 4954.81 0.0222128 0.121723 -1.0 1.0 0 2019-01-31
gdp growth -1 2.8 -1.35714 -2.25 -1.0 -1.0 0.2 2021-03-31
gdp growth annualized -3.9 11.7 -1.33333 -3.4375 -1.0 -1.0 0.2 2021-01-01

Japan’s Real GDP icnreased to 507616.0 by 4.96% on July 2020 from 483642.0 in the previous Quarterly. On a year on year basis Japan’s Real GDP decreased by -4.63%. Japan’s Real GDP trend is down since the current value of 507616.0 is lower than the 12 month moving average of 528004.0.Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s gdp icnreased to 5081.77 by 2.56% on January 2019 from 4954.81 in the previous Yearly. On a year on year basis Japan’s gdp increased by 12.55%. Japan’s gdp trend is down since the current value of 5081.77 is lower than the 12 month moving average of 5212.64.Japan’s gdp growth decreased to 5.0 by -160.98% on July 2020 from -8.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth increased by 1150.0%. Japan’s gdp growth trend is down since the current value of 5.0 is lower than the 12 month moving average of -0.3.Japan’s gdp growth annualized decreased to 21.4 by -174.31% on September 2020 from -28.8 in the previous Quarterly. On a year on year basis Japan’s gdp growth annualized increased by 830.43%. Japan’s gdp growth annualized trend is down since the current value of 21.4 is lower than the 12 month moving average of -0.941667.

Japan inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
core inflation rate 0.2 0.1 1 -2 1.0 1.0 0.275 2021-06-30
consumer price index cpi 101.9 101.7 0.00196657 0.00196657 1.0 1.0 0.308333 2021-06-30
Producer Price Index 104.6 103.9 0.00673725 0.0502008 1.0 1.0 1 2021-06-30
PPI Index 5 5.1 -0.0196078 -4.125 1.0 1.0 0.05 2021-06-30

Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s core inflation rate icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Japan’s core inflation rate decreased by -400.0%. Japan’s core inflation rate trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0583333.Japan’s consumer price index cpi decreased to 101.3 by -0.49% on October 2020 from 101.8 in the previous Monthly. On a year on year basis Japan’s consumer price index cpi decreased by -0.88%. Japan’s consumer price index cpi trend is down since the current value of 101.3 is lower than the 12 month moving average of 101.925.Japan’s Producer Price Index decreased to 99.9 by -0.2% on October 2020 from 100.1 in the previous Monthly. On a year on year basis Japan’s Producer Price Index decreased by -2.06%. Japan’s Producer Price Index trend is down since the current value of 99.9 is lower than the 12 month moving average of 100.667.Japan’s PPI Index icnreased to -2.2 by 4.76% on November 2020 from -2.1 in the previous Monthly. On a year on year basis Japan’s PPI Index decreased by -1200.0%. Japan’s PPI Index trend is down since the current value of -2.2 is lower than the 12 month moving average of -0.875.

Japan Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -10.3 -3.1 2.32258 1.86111 -1.0 -1.0 0 2020-01-31
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s Government budget decreased to -131556.0 by -57.34% on May 2020 from -308414.0 in the previous Quarterly. On a year on year basis Japan’s Government budget increased by 46.96%. Japan’s Government budget trend is down since the current value of -131556.0 is lower than the 12 month moving average of -62424.4.

Japan Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m0 110397 110412 -0.000135855 0.0387862 1.0 1.0 0.366667 2021-06-30
money supply m1 973908 975216 -0.00134124 0.0882639 1.0 1.0 0.7 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
money supply m3 1512570 1508490 0.00270469 0.0514984 1.0 1.0 0.8 2021-06-30

Japan’s interest rate Japan’s interest rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Japan’s central bank balance sheet icnreased to 705305.0 by 1.01% on November 2020 from 698231.0 in the previous Monthly. On a year on year basis Japan’s central bank balance sheet increased by 21.91%. Japan’s central bank balance sheet trend is down since the current value of 705305.0 is lower than the 12 month moving average of 640802.0.Japan’s money supply m2 icnreased to 1132150.0 by 0.69% on November 2020 from 1124360.0 in the previous Monthly. On a year on year basis Japan’s money supply m2 increased by 9.03%. Japan’s money supply m2 trend is down since the current value of 1132150.0 is lower than the 12 month moving average of 1085850.0.

Japan Employment

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
youth unemployment rate 4.3 4.8 -0.104167 -0.104167 -1.0 -1.0 0.35 2021-04-30
Long Term Unemployment Rate 1.3 1.7 -0.235294 0 -1.0 -1.0 0 2014-01-01

Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s youth unemployment rate decreased to 4.7 by -7.84% on August 2020 from 5.1 in the previous Monthly. On a year on year basis Japan’s youth unemployment rate increased by 27.03%. Japan’s youth unemployment rate trend is down since the current value of 4.7 is lower than the 12 month moving average of 4.35.Japan’s Long Term Unemployment Rate decreased to 1.3 by -2353.0% on January 2021 from 1.7 in the previous Yearly. Japan’s Long Term Unemployment Rate trend is down since the current value of 1.3 is lower than the 12 month moving average of 0.0.

Japan Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
exports 7220.79 6261.28 0.153245 0.485041 1.0 1.0 0.983333 2021-06-30
imports 6837.61 6448.42 0.0603543 0.331502 1.0 1.0 0.983333 2021-06-30
balance of trade 383.18 -189.4 -3.02313 -2.40406 1.0 1.0 0.216667 2021-06-30
capital flows 27018 -2394 -12.2857 3.28245 1.0 1.0 0.95 2021-05-31
foreign direct investment 10999.8 23444.1 -0.530807 0.0253356 1.0 1.0 0.566667 2021-05-31

Japan’s current account icnreased to 2144.7 by 29.18% on October 2020 from 1660.2 in the previous Monthly. On a year on year basis Japan’s current account increased by 17.96%. Japan’s current account trend is down since the current value of 2144.7 is lower than the 12 month moving average of 1386.47.Japan’s current account to gdp icnreased to 3.6 by 2.86% on January 2019 from 3.5 in the previous Yearly. On a year on year basis Japan’s current account to gdp decreased by -23.4%. Japan’s current account to gdp trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.725.Japan’s exports decreased to 6113.63 by -6.89% on November 2020 from 6565.81 in the previous Monthly. On a year on year basis Japan’s exports decreased by -4.16%. Japan’s exports trend is down since the current value of 6113.63 is lower than the 12 month moving average of 5689.71.Japan’s imports icnreased to 5746.86 by 0.93% on November 2020 from 5694.12 in the previous Monthly. On a year on year basis Japan’s imports decreased by -11.14%. Japan’s imports trend is down since the current value of 5746.86 is lower than the 12 month moving average of 5709.06.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s capital flows decreased to 8361.0 by -56.11% on October 2020 from 19049.0 in the previous Monthly. On a year on year basis Japan’s capital flows increased by 16.45%. Japan’s capital flows trend is down since the current value of 8361.0 is lower than the 12 month moving average of 12810.8.Japan’s foreign direct investment icnreased to 8533.87 by 764.5% on October 2020 from 987.15 in the previous Monthly. On a year on year basis Japan’s foreign direct investment decreased by -18.0%. Japan’s foreign direct investment trend is down since the current value of 8533.87 is lower than the 12 month moving average of 10803.1.

Japan Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01

Japan’s foreign exchange reserves icnreased to 1384620.0 by 0.02% on November 2020 from 1384370.0 in the previous Monthly. On a year on year basis Japan’s foreign exchange reserves increased by 5.11%. Japan’s foreign exchange reserves trend is down since the current value of 1384620.0 is lower than the 12 month moving average of 1373430.0.Japan’s gold reserves icnreased to 765.22 by 0.0% on July 2020 from 765.2 in the previous Quarterly. Japan’s gold reserves trend is down since the current value of 765.22 is lower than the 12 month moving average of 765.207.Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01

Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.1 -0.09 0.111111 0.428571 -1.0 -1.0 1 2021-06-04
deposit interest rate -0.11 -0.15 -0.266667 -0.266667 1.0 1.0 0.05 2021-03-19
bank lending rate 1 1.05 -0.047619 0.0526316 1.0 1.0 0.858333 2020-08-31
loan growth 1.4 2.9 -0.517241 -0.777778 -1.0 -1.0 0.0166667 2021-06-30
loans to private sector 501460 501954 -0.000984154 0.00743735 1.0 1.0 0.0166667 2021-06-30

Japan’s interbank rate On a year on year basis Japan’s interbank rate increased by 21.74%. Japan’s interbank rate trend is down since the current value of -0.099 is lower than the 12 month moving average of -0.10775.Japan’s deposit interest rate decreased to -0.21 by -8.7% on August 2019 from -0.23 in the previous Yearly. On a year on year basis Japan’s deposit interest rate decreased by -27.59%. Japan’s deposit interest rate trend is down since the current value of -0.21 is lower than the 12 month moving average of -0.225.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s loan growth icnreased to 6.3 by 1.61% on November 2020 from 6.2 in the previous Monthly. On a year on year basis Japan’s loan growth increased by 200.0%. Japan’s loan growth trend is down since the current value of 6.3 is lower than the 12 month moving average of 4.475.Japan’s loans to private sector icnreased to 498344.0 by 0.13% on November 2020 from 497702.0 in the previous Monthly. On a year on year basis Japan’s loans to private sector increased by 5.89%. Japan’s loans to private sector trend is down since the current value of 498344.0 is lower than the 12 month moving average of 488808.0.

 

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 37.4 34.1 0.0967742 0.316901 1.0 1.0 0.966667 2021-06-30
car registrations 724641 720232 0.00612164 0.134748 1.0 1.0 0.583333 2021-05-31

Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.Japan’s car registrations decreased to 219040.0 by -1.1% on November 2020 from 221487.0 in the previous Monthly. On a year on year basis Japan’s car registrations increased by 6.43%. Japan’s car registrations trend is down since the current value of 219040.0 is lower than the 12 month moving average of 205242.0.

Japan Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
industrial production 21.1 15.8 0.335443 -1.78148 1.0 1.0 0.283333 2021-05-31
industrial production mom -6.5 2.9 -3.24138 -0.380952 -1.0 1.0 0.6 2021-05-31
capacity utilization 96.5 99.3 -0.0281974 0.370739 1.0 1.0 1 2021-05-31

Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s industrial production icnreased to -3.4 by 13.33% on November 2020 from -3.0 in the previous Monthly. On a year on year basis Japan’s industrial production decreased by -57.5%. Japan’s industrial production trend is down since the current value of -3.4 is lower than the 12 month moving average of -10.5.Japan’s industrial production mom icnreased to 4.0 by 2.56% on October 2020 from 3.9 in the previous Monthly. On a year on year basis Japan’s industrial production mom decreased by -200.0%. Japan’s industrial production mom trend is down since the current value of 4.0 is lower than the 12 month moving average of -0.141667.Japan’s capacity utilization icnreased to 95.4 by 6.0% on October 2020 from 90.0 in the previous Monthly. On a year on year basis Japan’s capacity utilization decreased by -0.93%. Japan’s capacity utilization trend is down since the current value of 95.4 is lower than the 12 month moving average of 87.7833.

Japan Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30

Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.

 

Japan Tankan Surveys

+
Tankan Indicators Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Japan, TANKAN, Large firms, manufacturing, actual, Price Index 5 -10 -1.5 -0.8 1.0 -1.0 0.466667 2021-03-31
Japan, TANKAN, Large firms, non manufacturing, actual -1 -5 -0.8 -1.04348 -1.0 -1.0 0.383333 2021-03-31
Japan, TANKAN, Small firms, manufacturing -13 -27 -0.518519 -1.86667 -1.0 -1.0 0.35 2021-03-30
Japan, TANKAN, Small firms, non-manufacturing -11 -12 -0.0833333 -2.1 -1.0 -1.0 0.1 2021-03-31
Japan Machine Tool Orders 123946 127876 -0.0307329 1.20768 1.0 1.0 1 2021-04-30
machinery orders 7.8 0.6 12 3.58824 1.0 1.0 0.966667 2021-05-31

Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased to -10.0 by -6296.0% on January 2021 from -27.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased by -14546.0%. Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.41667.Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased to -5.0 by -5833.0% on January 2021 from -12.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased by -12174.0%. Japan’s Japan, TANKAN, Large firms, non manufacturing, actual trend is down since the current value of -5.0 is lower than the 12 month moving average of 12.6667.Japan’s Japan, TANKAN, Small firms, manufacturing decreased to -27.0 by -3864.0% on January 2021 from -44.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, manufacturing decreased by -28000.0%. Japan’s Japan, TANKAN, Small firms, manufacturing trend is down since the current value of -27.0 is lower than the 12 month moving average of -6.83333.Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased to -12.0 by -4545.0% on January 2021 from -22.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased by -23333.0%. Japan’s Japan, TANKAN, Small firms, non-manufacturing trend is down since the current value of -12.0 is lower than the 12 month moving average of 1.41667.Japan’s Japan Machine Tool Orders icnreased to 88222.0 by 731.0% on January 2021 from 82211.0 in the previous Monthly. On a year on year basis Japan’s Japan Machine Tool Orders increased by 802.0%. Japan’s Japan Machine Tool Orders trend is down since the current value of 88222.0 is lower than the 12 month moving average of 74369.5.Japan’s machinery orders decreased to 17.1 by -488.64% on October 2020 from -4.4 in the previous Monthly. On a year on year basis Japan’s machinery orders decreased by -634.38%. Japan’s machinery orders trend is down since the current value of 17.1 is lower than the 12 month moving average of 0.508333.

Japan Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 8.2 11.9 -0.310924 -1.656 1.0 1.0 0.466667 2021-05-31
retail sales MoM -4.5 1.2 -4.75 0.5 -1.0 -1.0 0.8 2021-04-30

Japan’s retail sales decreased to 0.7 by -89.06% on November 2020 from 6.4 in the previous Monthly. On a year on year basis Japan’s retail sales decreased by -133.33%. Japan’s retail sales trend is down since the current value of 0.7 is lower than the 12 month moving average of -3.35.Japan’s retail sales MoM decreased to 0.4 by -500.0% on October 2020 from -0.1 in the previous Monthly. On a year on year basis Japan’s retail sales MoM decreased by -102.92%. Japan’s retail sales MoM trend is down since the current value of 0.4 is lower than the 12 month moving average of 0.641667.

Japan Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts 9.9 7.1 0.394366 -1.825 1.0 1.0 0.3 2021-05-31
housing index 119.32 118.3 0.00862215 0.0268503 1.0 1.0 0.783333 2021-03-31

Japan’s housing starts decreased to -3.7 by -55.42% on November 2020 from -8.3 in the previous Monthly. On a year on year basis Japan’s housing starts decreased by -70.87%. Japan’s housing starts trend is down since the current value of -3.7 is lower than the 12 month moving average of -9.78333.Japan’s housing index icnreased to 114.95 by 0.96% on September 2020 from 113.86 in the previous Monthly. On a year on year basis Japan’s housing index increased by 0.82%. Japan’s housing index trend is down since the current value of 114.95 is lower than the 12 month moving average of 113.909.

Japan GDP

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 534274 542688 -0.0155043 0.00136258 1.0 1.0 0.266667 2020-11-01
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
gdp 5064.87 4954.81 0.0222128 0.121723 -1.0 1.0 0 2019-01-31
gdp growth -1 2.8 -1.35714 -2.25 -1.0 -1.0 0.2 2021-03-31
gdp growth annualized -3.9 11.7 -1.33333 -3.4375 -1.0 -1.0 0.2 2021-01-01

Japan’s Real GDP icnreased to 507616.0 by 4.96% on July 2020 from 483642.0 in the previous Quarterly. On a year on year basis Japan’s Real GDP decreased by -4.63%. Japan’s Real GDP trend is down since the current value of 507616.0 is lower than the 12 month moving average of 528004.0.Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s gdp icnreased to 5081.77 by 2.56% on January 2019 from 4954.81 in the previous Yearly. On a year on year basis Japan’s gdp increased by 12.55%. Japan’s gdp trend is down since the current value of 5081.77 is lower than the 12 month moving average of 5212.64.Japan’s gdp growth decreased to 5.0 by -160.98% on July 2020 from -8.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth increased by 1150.0%. Japan’s gdp growth trend is down since the current value of 5.0 is lower than the 12 month moving average of -0.3.Japan’s gdp growth annualized decreased to 21.4 by -174.31% on September 2020 from -28.8 in the previous Quarterly. On a year on year basis Japan’s gdp growth annualized increased by 830.43%. Japan’s gdp growth annualized trend is down since the current value of 21.4 is lower than the 12 month moving average of -0.941667.

Japan inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
core inflation rate 0.2 0.1 1 -2 1.0 1.0 0.275 2021-06-30
consumer price index cpi 101.9 101.7 0.00196657 0.00196657 1.0 1.0 0.308333 2021-06-30
Producer Price Index 104.6 103.9 0.00673725 0.0502008 1.0 1.0 1 2021-06-30
PPI Index 5 5.1 -0.0196078 -4.125 1.0 1.0 0.05 2021-06-30

Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s core inflation rate icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Japan’s core inflation rate decreased by -400.0%. Japan’s core inflation rate trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0583333.Japan’s consumer price index cpi decreased to 101.3 by -0.49% on October 2020 from 101.8 in the previous Monthly. On a year on year basis Japan’s consumer price index cpi decreased by -0.88%. Japan’s consumer price index cpi trend is down since the current value of 101.3 is lower than the 12 month moving average of 101.925.Japan’s Producer Price Index decreased to 99.9 by -0.2% on October 2020 from 100.1 in the previous Monthly. On a year on year basis Japan’s Producer Price Index decreased by -2.06%. Japan’s Producer Price Index trend is down since the current value of 99.9 is lower than the 12 month moving average of 100.667.Japan’s PPI Index icnreased to -2.2 by 4.76% on November 2020 from -2.1 in the previous Monthly. On a year on year basis Japan’s PPI Index decreased by -1200.0%. Japan’s PPI Index trend is down since the current value of -2.2 is lower than the 12 month moving average of -0.875.

Japan Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -10.3 -3.1 2.32258 1.86111 -1.0 -1.0 0 2020-01-31
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s Government budget decreased to -131556.0 by -57.34% on May 2020 from -308414.0 in the previous Quarterly. On a year on year basis Japan’s Government budget increased by 46.96%. Japan’s Government budget trend is down since the current value of -131556.0 is lower than the 12 month moving average of -62424.4.

Japan Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m0 110397 110412 -0.000135855 0.0387862 1.0 1.0 0.366667 2021-06-30
money supply m1 973908 975216 -0.00134124 0.0882639 1.0 1.0 0.7 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
money supply m3 1512570 1508490 0.00270469 0.0514984 1.0 1.0 0.8 2021-06-30

Japan’s interest rate Japan’s interest rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Japan’s central bank balance sheet icnreased to 705305.0 by 1.01% on November 2020 from 698231.0 in the previous Monthly. On a year on year basis Japan’s central bank balance sheet increased by 21.91%. Japan’s central bank balance sheet trend is down since the current value of 705305.0 is lower than the 12 month moving average of 640802.0.Japan’s money supply m2 icnreased to 1132150.0 by 0.69% on November 2020 from 1124360.0 in the previous Monthly. On a year on year basis Japan’s money supply m2 increased by 9.03%. Japan’s money supply m2 trend is down since the current value of 1132150.0 is lower than the 12 month moving average of 1085850.0.

Japan Employment

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
youth unemployment rate 4.3 4.8 -0.104167 -0.104167 -1.0 -1.0 0.35 2021-04-30
Long Term Unemployment Rate 1.3 1.7 -0.235294 0 -1.0 -1.0 0 2014-01-01

Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s youth unemployment rate decreased to 4.7 by -7.84% on August 2020 from 5.1 in the previous Monthly. On a year on year basis Japan’s youth unemployment rate increased by 27.03%. Japan’s youth unemployment rate trend is down since the current value of 4.7 is lower than the 12 month moving average of 4.35.Japan’s Long Term Unemployment Rate decreased to 1.3 by -2353.0% on January 2021 from 1.7 in the previous Yearly. Japan’s Long Term Unemployment Rate trend is down since the current value of 1.3 is lower than the 12 month moving average of 0.0.

Japan Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
exports 7220.79 6261.28 0.153245 0.485041 1.0 1.0 0.983333 2021-06-30
imports 6837.61 6448.42 0.0603543 0.331502 1.0 1.0 0.983333 2021-06-30
balance of trade 383.18 -189.4 -3.02313 -2.40406 1.0 1.0 0.216667 2021-06-30
capital flows 27018 -2394 -12.2857 3.28245 1.0 1.0 0.95 2021-05-31
foreign direct investment 10999.8 23444.1 -0.530807 0.0253356 1.0 1.0 0.566667 2021-05-31

Japan’s current account icnreased to 2144.7 by 29.18% on October 2020 from 1660.2 in the previous Monthly. On a year on year basis Japan’s current account increased by 17.96%. Japan’s current account trend is down since the current value of 2144.7 is lower than the 12 month moving average of 1386.47.Japan’s current account to gdp icnreased to 3.6 by 2.86% on January 2019 from 3.5 in the previous Yearly. On a year on year basis Japan’s current account to gdp decreased by -23.4%. Japan’s current account to gdp trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.725.Japan’s exports decreased to 6113.63 by -6.89% on November 2020 from 6565.81 in the previous Monthly. On a year on year basis Japan’s exports decreased by -4.16%. Japan’s exports trend is down since the current value of 6113.63 is lower than the 12 month moving average of 5689.71.Japan’s imports icnreased to 5746.86 by 0.93% on November 2020 from 5694.12 in the previous Monthly. On a year on year basis Japan’s imports decreased by -11.14%. Japan’s imports trend is down since the current value of 5746.86 is lower than the 12 month moving average of 5709.06.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s capital flows decreased to 8361.0 by -56.11% on October 2020 from 19049.0 in the previous Monthly. On a year on year basis Japan’s capital flows increased by 16.45%. Japan’s capital flows trend is down since the current value of 8361.0 is lower than the 12 month moving average of 12810.8.Japan’s foreign direct investment icnreased to 8533.87 by 764.5% on October 2020 from 987.15 in the previous Monthly. On a year on year basis Japan’s foreign direct investment decreased by -18.0%. Japan’s foreign direct investment trend is down since the current value of 8533.87 is lower than the 12 month moving average of 10803.1.

Japan Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01

Japan’s foreign exchange reserves icnreased to 1384620.0 by 0.02% on November 2020 from 1384370.0 in the previous Monthly. On a year on year basis Japan’s foreign exchange reserves increased by 5.11%. Japan’s foreign exchange reserves trend is down since the current value of 1384620.0 is lower than the 12 month moving average of 1373430.0.Japan’s gold reserves icnreased to 765.22 by 0.0% on July 2020 from 765.2 in the previous Quarterly. Japan’s gold reserves trend is down since the current value of 765.22 is lower than the 12 month moving average of 765.207.Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01

Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.1 -0.09 0.111111 0.428571 -1.0 -1.0 1 2021-06-04
deposit interest rate -0.11 -0.15 -0.266667 -0.266667 1.0 1.0 0.05 2021-03-19
bank lending rate 1 1.05 -0.047619 0.0526316 1.0 1.0 0.858333 2020-08-31
loan growth 1.4 2.9 -0.517241 -0.777778 -1.0 -1.0 0.0166667 2021-06-30
loans to private sector 501460 501954 -0.000984154 0.00743735 1.0 1.0 0.0166667 2021-06-30

Japan’s interbank rate On a year on year basis Japan’s interbank rate increased by 21.74%. Japan’s interbank rate trend is down since the current value of -0.099 is lower than the 12 month moving average of -0.10775.Japan’s deposit interest rate decreased to -0.21 by -8.7% on August 2019 from -0.23 in the previous Yearly. On a year on year basis Japan’s deposit interest rate decreased by -27.59%. Japan’s deposit interest rate trend is down since the current value of -0.21 is lower than the 12 month moving average of -0.225.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s loan growth icnreased to 6.3 by 1.61% on November 2020 from 6.2 in the previous Monthly. On a year on year basis Japan’s loan growth increased by 200.0%. Japan’s loan growth trend is down since the current value of 6.3 is lower than the 12 month moving average of 4.475.Japan’s loans to private sector icnreased to 498344.0 by 0.13% on November 2020 from 497702.0 in the previous Monthly. On a year on year basis Japan’s loans to private sector increased by 5.89%. Japan’s loans to private sector trend is down since the current value of 498344.0 is lower than the 12 month moving average of 488808.0.

 

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 37.4 34.1 0.0967742 0.316901 1.0 1.0 0.966667 2021-06-30
car registrations 724641 720232 0.00612164 0.134748 1.0 1.0 0.583333 2021-05-31

Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.Japan’s car registrations decreased to 219040.0 by -1.1% on November 2020 from 221487.0 in the previous Monthly. On a year on year basis Japan’s car registrations increased by 6.43%. Japan’s car registrations trend is down since the current value of 219040.0 is lower than the 12 month moving average of 205242.0.

Japan Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
industrial production 21.1 15.8 0.335443 -1.78148 1.0 1.0 0.283333 2021-05-31
industrial production mom -6.5 2.9 -3.24138 -0.380952 -1.0 1.0 0.6 2021-05-31
capacity utilization 96.5 99.3 -0.0281974 0.370739 1.0 1.0 1 2021-05-31

Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s industrial production icnreased to -3.4 by 13.33% on November 2020 from -3.0 in the previous Monthly. On a year on year basis Japan’s industrial production decreased by -57.5%. Japan’s industrial production trend is down since the current value of -3.4 is lower than the 12 month moving average of -10.5.Japan’s industrial production mom icnreased to 4.0 by 2.56% on October 2020 from 3.9 in the previous Monthly. On a year on year basis Japan’s industrial production mom decreased by -200.0%. Japan’s industrial production mom trend is down since the current value of 4.0 is lower than the 12 month moving average of -0.141667.Japan’s capacity utilization icnreased to 95.4 by 6.0% on October 2020 from 90.0 in the previous Monthly. On a year on year basis Japan’s capacity utilization decreased by -0.93%. Japan’s capacity utilization trend is down since the current value of 95.4 is lower than the 12 month moving average of 87.7833.

Japan Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30

Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.

 

Japan Tankan Surveys

+
Tankan Indicators Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Japan, TANKAN, Large firms, manufacturing, actual, Price Index 5 -10 -1.5 -0.8 1.0 -1.0 0.466667 2021-03-31
Japan, TANKAN, Large firms, non manufacturing, actual -1 -5 -0.8 -1.04348 -1.0 -1.0 0.383333 2021-03-31
Japan, TANKAN, Small firms, manufacturing -13 -27 -0.518519 -1.86667 -1.0 -1.0 0.35 2021-03-30
Japan, TANKAN, Small firms, non-manufacturing -11 -12 -0.0833333 -2.1 -1.0 -1.0 0.1 2021-03-31
Japan Machine Tool Orders 123946 127876 -0.0307329 1.20768 1.0 1.0 1 2021-04-30
machinery orders 7.8 0.6 12 3.58824 1.0 1.0 0.966667 2021-05-31

Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased to -10.0 by -6296.0% on January 2021 from -27.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index decreased by -14546.0%. Japan’s Japan, TANKAN, Large firms, manufacturing, actual, Price Index trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.41667.Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased to -5.0 by -5833.0% on January 2021 from -12.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Large firms, non manufacturing, actual decreased by -12174.0%. Japan’s Japan, TANKAN, Large firms, non manufacturing, actual trend is down since the current value of -5.0 is lower than the 12 month moving average of 12.6667.Japan’s Japan, TANKAN, Small firms, manufacturing decreased to -27.0 by -3864.0% on January 2021 from -44.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, manufacturing decreased by -28000.0%. Japan’s Japan, TANKAN, Small firms, manufacturing trend is down since the current value of -27.0 is lower than the 12 month moving average of -6.83333.Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased to -12.0 by -4545.0% on January 2021 from -22.0 in the previous . On a year on year basis Japan’s Japan, TANKAN, Small firms, non-manufacturing decreased by -23333.0%. Japan’s Japan, TANKAN, Small firms, non-manufacturing trend is down since the current value of -12.0 is lower than the 12 month moving average of 1.41667.Japan’s Japan Machine Tool Orders icnreased to 88222.0 by 731.0% on January 2021 from 82211.0 in the previous Monthly. On a year on year basis Japan’s Japan Machine Tool Orders increased by 802.0%. Japan’s Japan Machine Tool Orders trend is down since the current value of 88222.0 is lower than the 12 month moving average of 74369.5.Japan’s machinery orders decreased to 17.1 by -488.64% on October 2020 from -4.4 in the previous Monthly. On a year on year basis Japan’s machinery orders decreased by -634.38%. Japan’s machinery orders trend is down since the current value of 17.1 is lower than the 12 month moving average of 0.508333.

Japan Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
retail sales 8.2 11.9 -0.310924 -1.656 1.0 1.0 0.466667 2021-05-31
retail sales MoM -4.5 1.2 -4.75 0.5 -1.0 -1.0 0.8 2021-04-30

Japan’s retail sales decreased to 0.7 by -89.06% on November 2020 from 6.4 in the previous Monthly. On a year on year basis Japan’s retail sales decreased by -133.33%. Japan’s retail sales trend is down since the current value of 0.7 is lower than the 12 month moving average of -3.35.Japan’s retail sales MoM decreased to 0.4 by -500.0% on October 2020 from -0.1 in the previous Monthly. On a year on year basis Japan’s retail sales MoM decreased by -102.92%. Japan’s retail sales MoM trend is down since the current value of 0.4 is lower than the 12 month moving average of 0.641667.

Japan Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts 9.9 7.1 0.394366 -1.825 1.0 1.0 0.3 2021-05-31
housing index 119.32 118.3 0.00862215 0.0268503 1.0 1.0 0.783333 2021-03-31

Japan’s housing starts decreased to -3.7 by -55.42% on November 2020 from -8.3 in the previous Monthly. On a year on year basis Japan’s housing starts decreased by -70.87%. Japan’s housing starts trend is down since the current value of -3.7 is lower than the 12 month moving average of -9.78333.Japan’s housing index icnreased to 114.95 by 0.96% on September 2020 from 113.86 in the previous Monthly. On a year on year basis Japan’s housing index increased by 0.82%. Japan’s housing index trend is down since the current value of 114.95 is lower than the 12 month moving average of 113.909.

Japan GDP

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 534274 542688 -0.0155043 0.00136258 1.0 1.0 0.266667 2020-11-01
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
gdp 5064.87 4954.81 0.0222128 0.121723 -1.0 1.0 0 2019-01-31
gdp growth -1 2.8 -1.35714 -2.25 -1.0 -1.0 0.2 2021-03-31
gdp growth annualized -3.9 11.7 -1.33333 -3.4375 -1.0 -1.0 0.2 2021-01-01

Japan’s Real GDP icnreased to 507616.0 by 4.96% on July 2020 from 483642.0 in the previous Quarterly. On a year on year basis Japan’s Real GDP decreased by -4.63%. Japan’s Real GDP trend is down since the current value of 507616.0 is lower than the 12 month moving average of 528004.0.Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s gdp icnreased to 5081.77 by 2.56% on January 2019 from 4954.81 in the previous Yearly. On a year on year basis Japan’s gdp increased by 12.55%. Japan’s gdp trend is down since the current value of 5081.77 is lower than the 12 month moving average of 5212.64.Japan’s gdp growth decreased to 5.0 by -160.98% on July 2020 from -8.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth increased by 1150.0%. Japan’s gdp growth trend is down since the current value of 5.0 is lower than the 12 month moving average of -0.3.Japan’s gdp growth annualized decreased to 21.4 by -174.31% on September 2020 from -28.8 in the previous Quarterly. On a year on year basis Japan’s gdp growth annualized increased by 830.43%. Japan’s gdp growth annualized trend is down since the current value of 21.4 is lower than the 12 month moving average of -0.941667.

Japan inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
core inflation rate 0.2 0.1 1 -2 1.0 1.0 0.275 2021-06-30
consumer price index cpi 101.9 101.7 0.00196657 0.00196657 1.0 1.0 0.308333 2021-06-30
Producer Price Index 104.6 103.9 0.00673725 0.0502008 1.0 1.0 1 2021-06-30
PPI Index 5 5.1 -0.0196078 -4.125 1.0 1.0 0.05 2021-06-30

Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s core inflation rate icnreased to -0.9 by 28.57% on November 2020 from -0.7 in the previous Monthly. On a year on year basis Japan’s core inflation rate decreased by -400.0%. Japan’s core inflation rate trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.0583333.Japan’s consumer price index cpi decreased to 101.3 by -0.49% on October 2020 from 101.8 in the previous Monthly. On a year on year basis Japan’s consumer price index cpi decreased by -0.88%. Japan’s consumer price index cpi trend is down since the current value of 101.3 is lower than the 12 month moving average of 101.925.Japan’s Producer Price Index decreased to 99.9 by -0.2% on October 2020 from 100.1 in the previous Monthly. On a year on year basis Japan’s Producer Price Index decreased by -2.06%. Japan’s Producer Price Index trend is down since the current value of 99.9 is lower than the 12 month moving average of 100.667.Japan’s PPI Index icnreased to -2.2 by 4.76% on November 2020 from -2.1 in the previous Monthly. On a year on year basis Japan’s PPI Index decreased by -1200.0%. Japan’s PPI Index trend is down since the current value of -2.2 is lower than the 12 month moving average of -0.875.

Japan Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -10.3 -3.1 2.32258 1.86111 -1.0 -1.0 0 2020-01-31
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s Government budget decreased to -131556.0 by -57.34% on May 2020 from -308414.0 in the previous Quarterly. On a year on year basis Japan’s Government budget increased by 46.96%. Japan’s Government budget trend is down since the current value of -131556.0 is lower than the 12 month moving average of -62424.4.

Japan Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m0 110397 110412 -0.000135855 0.0387862 1.0 1.0 0.366667 2021-06-30
money supply m1 973908 975216 -0.00134124 0.0882639 1.0 1.0 0.7 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
money supply m3 1512570 1508490 0.00270469 0.0514984 1.0 1.0 0.8 2021-06-30

Japan’s interest rate Japan’s interest rate trend is down since the current value of -0.1 is lower than the 12 month moving average of -0.1.Japan’s central bank balance sheet icnreased to 705305.0 by 1.01% on November 2020 from 698231.0 in the previous Monthly. On a year on year basis Japan’s central bank balance sheet increased by 21.91%. Japan’s central bank balance sheet trend is down since the current value of 705305.0 is lower than the 12 month moving average of 640802.0.Japan’s money supply m2 icnreased to 1132150.0 by 0.69% on November 2020 from 1124360.0 in the previous Monthly. On a year on year basis Japan’s money supply m2 increased by 9.03%. Japan’s money supply m2 trend is down since the current value of 1132150.0 is lower than the 12 month moving average of 1085850.0.

Japan Employment

 

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
youth unemployment rate 4.3 4.8 -0.104167 -0.104167 -1.0 -1.0 0.35 2021-04-30
Long Term Unemployment Rate 1.3 1.7 -0.235294 0 -1.0 -1.0 0 2014-01-01

Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s youth unemployment rate decreased to 4.7 by -7.84% on August 2020 from 5.1 in the previous Monthly. On a year on year basis Japan’s youth unemployment rate increased by 27.03%. Japan’s youth unemployment rate trend is down since the current value of 4.7 is lower than the 12 month moving average of 4.35.Japan’s Long Term Unemployment Rate decreased to 1.3 by -2353.0% on January 2021 from 1.7 in the previous Yearly. Japan’s Long Term Unemployment Rate trend is down since the current value of 1.3 is lower than the 12 month moving average of 0.0.

Japan Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
exports 7220.79 6261.28 0.153245 0.485041 1.0 1.0 0.983333 2021-06-30
imports 6837.61 6448.42 0.0603543 0.331502 1.0 1.0 0.983333 2021-06-30
balance of trade 383.18 -189.4 -3.02313 -2.40406 1.0 1.0 0.216667 2021-06-30
capital flows 27018 -2394 -12.2857 3.28245 1.0 1.0 0.95 2021-05-31
foreign direct investment 10999.8 23444.1 -0.530807 0.0253356 1.0 1.0 0.566667 2021-05-31

Japan’s current account icnreased to 2144.7 by 29.18% on October 2020 from 1660.2 in the previous Monthly. On a year on year basis Japan’s current account increased by 17.96%. Japan’s current account trend is down since the current value of 2144.7 is lower than the 12 month moving average of 1386.47.Japan’s current account to gdp icnreased to 3.6 by 2.86% on January 2019 from 3.5 in the previous Yearly. On a year on year basis Japan’s current account to gdp decreased by -23.4%. Japan’s current account to gdp trend is down since the current value of 3.6 is lower than the 12 month moving average of 2.725.Japan’s exports decreased to 6113.63 by -6.89% on November 2020 from 6565.81 in the previous Monthly. On a year on year basis Japan’s exports decreased by -4.16%. Japan’s exports trend is down since the current value of 6113.63 is lower than the 12 month moving average of 5689.71.Japan’s imports icnreased to 5746.86 by 0.93% on November 2020 from 5694.12 in the previous Monthly. On a year on year basis Japan’s imports decreased by -11.14%. Japan’s imports trend is down since the current value of 5746.86 is lower than the 12 month moving average of 5709.06.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s capital flows decreased to 8361.0 by -56.11% on October 2020 from 19049.0 in the previous Monthly. On a year on year basis Japan’s capital flows increased by 16.45%. Japan’s capital flows trend is down since the current value of 8361.0 is lower than the 12 month moving average of 12810.8.Japan’s foreign direct investment icnreased to 8533.87 by 764.5% on October 2020 from 987.15 in the previous Monthly. On a year on year basis Japan’s foreign direct investment decreased by -18.0%. Japan’s foreign direct investment trend is down since the current value of 8533.87 is lower than the 12 month moving average of 10803.1.

Japan Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01

Japan’s foreign exchange reserves icnreased to 1384620.0 by 0.02% on November 2020 from 1384370.0 in the previous Monthly. On a year on year basis Japan’s foreign exchange reserves increased by 5.11%. Japan’s foreign exchange reserves trend is down since the current value of 1384620.0 is lower than the 12 month moving average of 1373430.0.Japan’s gold reserves icnreased to 765.22 by 0.0% on July 2020 from 765.2 in the previous Quarterly. Japan’s gold reserves trend is down since the current value of 765.22 is lower than the 12 month moving average of 765.207.Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01

Japan’s government debt to gdp decreased to 236.6 by -0.67% on January 2019 from 238.2 in the previous Yearly. On a year on year basis Japan’s government debt to gdp increased by 34.89%. Japan’s government debt to gdp trend is down since the current value of 236.6 is lower than the 12 month moving average of 224.275.Japan’s external debt icnreased to 501500.0 by 0.33% on May 2020 from 499826.0 in the previous Quarterly. On a year on year basis Japan’s external debt increased by 22.26%. Japan’s external debt trend is down since the current value of 501500.0 is lower than the 12 month moving average of 458129.0.

Japan Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.1 -0.09 0.111111 0.428571 -1.0 -1.0 1 2021-06-04
deposit interest rate -0.11 -0.15 -0.266667 -0.266667 1.0 1.0 0.05 2021-03-19
bank lending rate 1 1.05 -0.047619 0.0526316 1.0 1.0 0.858333 2020-08-31
loan growth 1.4 2.9 -0.517241 -0.777778 -1.0 -1.0 0.0166667 2021-06-30
loans to private sector 501460 501954 -0.000984154 0.00743735 1.0 1.0 0.0166667 2021-06-30

Japan’s interbank rate On a year on year basis Japan’s interbank rate increased by 21.74%. Japan’s interbank rate trend is down since the current value of -0.099 is lower than the 12 month moving average of -0.10775.Japan’s deposit interest rate decreased to -0.21 by -8.7% on August 2019 from -0.23 in the previous Yearly. On a year on year basis Japan’s deposit interest rate decreased by -27.59%. Japan’s deposit interest rate trend is down since the current value of -0.21 is lower than the 12 month moving average of -0.225.Japan’s balance of trade decreased to 366.772 by -57.92% on November 2020 from 871.691 in the previous Monthly. On a year on year basis Japan’s balance of trade decreased by -514.97%. Japan’s balance of trade trend is down since the current value of 366.772 is lower than the 12 month moving average of -19.3521.Japan’s bank lending rate decreased to 1.0 by -4.76% on August 2020 from 1.05 in the previous Monthly. On a year on year basis Japan’s bank lending rate increased by 5.26%. Japan’s bank lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 0.991667.Japan’s loan growth icnreased to 6.3 by 1.61% on November 2020 from 6.2 in the previous Monthly. On a year on year basis Japan’s loan growth increased by 200.0%. Japan’s loan growth trend is down since the current value of 6.3 is lower than the 12 month moving average of 4.475.Japan’s loans to private sector icnreased to 498344.0 by 0.13% on November 2020 from 497702.0 in the previous Monthly. On a year on year basis Japan’s loans to private sector increased by 5.89%. Japan’s loans to private sector trend is down since the current value of 498344.0 is lower than the 12 month moving average of 488808.0.

 

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.

Japan Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Nikkei 225 NIKKEI 27548 0.5 1 2.09239 70.8645 -3.71 -4.6 -5.62 0.14037
Japan ETF EWJ 67.53 1 1 2.02852 63.1726 -1.77 -0.75 -1.9 0.13415
Japanese Yen US Dollar (JPY/USD) JPYUSD 110.29 -1 -1 -1.71679 40.3032 0.3 -0.59 1.56 -0.06052
Japan 5-Year Bond Yield JP.5Y -0.13 1 -0.25 0.22604 52.5548 7.44 35.42 28.71 -0.02679
Japan 2-year bond yield JP2Y -0.13 0 0.75 0.79658 57.1808 3.17 18.18 0 0.02479
Japan Yield Curve JP.YC 0.14 0 -0.75 -0.29978 46.3161 -4.76 -15.66 -34.88 0.45545

Nikkei 225 closed down by -0.0045% to 27444.2 on 23 January 2021 and +0.03466% on a weekly basis. Nikkei 225 momentum was last calculated at +0.5/100 indicating positive momentum. Nikkei 225 trend is +1.0/100 indicating a positive trend. Nikkei 225 momentum exhaustion is 2.09239 indicating Nikkei 225 is oversold.Japan ETF closed up by 0.00929% to 67.38 on 23 January 2021 and +0.01339% on a weekly basis. Japan ETF momentum was last calculated at +1.0/100 indicating positive momentum. Japan ETF trend is +1.0/100 indicating a positive trend. Japan ETF momentum exhaustion is 2.02852 indicating Japan ETF is oversold.Japan 10-Year Bond Yield closed down by -0.08% to 0.023 on 23 January 2021 and +0.21053% on a weekly basis. Japan 10-Year Bond Yield momentum was last calculated at -0.5/100 indicating negative momentum. Japan 10-Year Bond Yield trend is -0.25/100 indicating a negative trend. Japan 10-Year Bond Yield momentum exhaustion is 0.43913 indicating Japan 10-Year Bond Yield is oversold.Japanese Yen US Dollar (JPY/USD) closed down by -0.00068% to 103.24 on 23 January 2021 and +-0.00251% on a weekly basis. Japanese Yen US Dollar (JPY/USD) momentum was last calculated at -1.0/100 indicating negative momentum. Japanese Yen US Dollar (JPY/USD) trend is -1.0/100 indicating a negative trend. Japanese Yen US Dollar (JPY/USD) momentum exhaustion is -1.71679 indicating Japanese Yen US Dollar (JPY/USD) is oversold.Japan Credit Default Swaps closed up by 0.0% to 15.3 on 23 January 2021 and +0.01325% on a weekly basis. Japan Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Japan Credit Default Swaps trend is -0.5/100 indicating a negative trend. Japan Credit Default Swaps momentum exhaustion is -0.86855 indicating Japan Credit Default Swaps is oversold.iTraxx Asia Ex-Japan Index closed up by 9.0% to 50.0 on 23 January 2021 and +-0.03846% on a weekly basis. iTraxx Asia Ex-Japan Index momentum was last calculated at +0.0/100 indicating positive momentum. iTraxx Asia Ex-Japan Index trend is +0.75/100 indicating a positive trend. iTraxx Asia Ex-Japan Index momentum exhaustion is 0.03693 indicating iTraxx Asia Ex-Japan Index is oversold.

 

Japan News

Japan Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.6 -1.1 0.454545 -1.64 -1.0 -1.0 0.25 2021-01-30
inflation cpi 0.2 -0.1 -3 1 1.0 1.0 0.841667 2021-06-30
unemployment rate 3 2.8 0.0714286 0.0714286 1.0 1.0 0.8 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
non manufacturing pmi 1 -1 -2 -0.958333 -1.0 -1.0 0.383333 2021-04-01
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt to gdp 266.2 238 0.118487 0.452264 1.0 1.0 0 2020-01-31
external debt 518941 495234 0.0478703 0.253644 1.0 1.0 0.5 2021-01-01
foreign exchange reserves 1376480 1387500 -0.00794234 -0.0048583 -1.0 -1.0 0.183333 2021-06-30
gold reserves 845.97 765.22 0.105525 0.105554 1.0 1.0 1 2021-01-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 1979.7 1321.8 0.49773 0.852836 1.0 1.0 0.95 2021-05-31
current account to gdp 3.2 3.6 -0.111111 0.142857 1.0 1.0 0 2019-02-28
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate -0.1 -0.1 0 0 1.0 -1.0 0.508333 2021-04-27
central bank balance sheet 716901 724641 -0.0106812 0.104716 1.0 1.0 0.5 2021-06-30
money supply m2 1169650 1168040 0.00137838 0.058938 1.0 1.0 0.8 2021-06-30
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -13977 -98404 -0.857963 -1.26117 1.0 -1.0 0.133333 2021-01-01

Japan’s gdp growth annual decreased to -5.8 by -43.14% on July 2020 from -10.2 in the previous Quarterly. On a year on year basis Japan’s gdp growth annual decreased by -341.67%. Japan’s gdp growth annual trend is down since the current value of -5.8 is lower than the 12 month moving average of -0.941667.Japan’s inflation cpi icnreased to -0.9 by 125.0% on November 2020 from -0.4 in the previous Monthly. On a year on year basis Japan’s inflation cpi decreased by -550.0%. Japan’s inflation cpi trend is down since the current value of -0.9 is lower than the 12 month moving average of 0.191667.Japan’s unemployment rate decreased to 2.9 by -6.45% on November 2020 from 3.1 in the previous Monthly. On a year on year basis Japan’s unemployment rate increased by 31.82%. Japan’s unemployment rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.725.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s consumer confidence icnreased to 33.7 by 0.3% on November 2020 from 33.6 in the previous Monthly. On a year on year basis Japan’s consumer confidence decreased by -12.92%. Japan’s consumer confidence trend is down since the current value of 33.7 is lower than the 12 month moving average of 31.6917.

Japan Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 14 5 1.8 -0.416667 1.0 -1.0 0.583333 2021-04-01
manufacturing pmi 52.4 53 -0.0113208 0.306733 1.0 1.0 0.983333 2021-06-30
services pmi 48 46.5 0.0322581 0.0666667 1.0 1.0 0.933333 2021-06-30
composite pmi 48.9 48.8 0.00204918 0.198529 1.0 1.0 0.95 2021-06-30
zew economic sentiment index

Japan’s business confidence decreased to -10.0 by -62.96% on August 2020 from -27.0 in the previous Quarterly. On a year on year basis Japan’s business confidence decreased by -145.46%. Japan’s business confidence trend is down since the current value of -10.0 is lower than the 12 month moving average of 4.5.Japan’s manufacturing pmi icnreased to 50.0 by 2.04% on December 2020 from 49.0 in the previous Monthly. On a year on year basis Japan’s manufacturing pmi increased by 3.31%. Japan’s manufacturing pmi trend is down since the current value of 50.0 is lower than the 12 month moving average of 45.8.Japan’s services pmi decreased to 47.2 by -1.26% on December 2020 from 47.8 in the previous Monthly. On a year on year basis Japan’s services pmi decreased by -4.45%. Japan’s services pmi trend is down since the current value of 47.2 is lower than the 12 month moving average of 42.05.Japan’s composite pmi decreased to 48.0 by -0.21% on December 2020 from 48.1 in the previous Monthly. On a year on year basis Japan’s composite pmi decreased by -1.23%. Japan’s composite pmi trend is down since the current value of 48.0 is lower than the 12 month moving average of 42.375.Japan’s zew economic sentiment index Japan’s zew economic sentiment index trend is down since the current value of nan is lower than the 12 month moving average of nan.

Japan Consumer activity