Japan Chart Pack Momentum still positive but cracks appearing (Jul 10) Japan’s economy has recently been growing at an annualised rate of around 5%, so some slowdown from here is inevitable. The consumer and business confidence surveys suggest that momentum is holding up... 12th July 2010 · 1 min read
Japan Chart Pack Economic recovery helping to ease fiscal worries (May 10) The continued strength of the economic recovery is one important reason why market confidence in Japan’s ability to finance its huge public debt has remained fairly high. GDP appears to have grown at... 10th May 2010 · 1 min read
Japan Chart Pack 2010 looking good, but 2011 will be much worse (Mar 10) The strength at the end of last year has laid a firm foundation for 2010. With the latest survey evidence showing that momentum remains positive, we continue to expect GDP growth of around 3.0% this... 18th March 2010 · 1 min read
Japan Chart Pack Flying start to 2010, but ... (Feb 10) Our analysis suggests that Japan’s GDP grew by around 1.5% q/q in the fourth quarter of last year (preliminary official data will be released on 15th February). This would be roughly equivalent to 6.0... 4th February 2010 · 1 min read
Japan Chart Pack A good start to 2010 (Jan 10) The data released over the holiday period were mostly upbeat, with the early stabilisation in the labour market supporting consumer spending and external demand continuing to recover. The announcement... 5th January 2010 · 1 min read
Japan Chart Pack Plenty of life left in this recovery (Nov 09) Japanese equities may be on the defensive, pressured by policy uncertainty, fiscal worries and deflation fears, but the real economy is continuing to recover strongly. We expect GDP growth to surprise... 24th November 2009 · 1 min read
Japan Chart Pack Best of the G7 (Sep 09) The Japanese economy posted the strongest rebound in the G7 in Q2, but was also first into recession and had previously suffered the sharpest falls in activity. Massive amounts of spare capacity will... 2nd September 2009 · 1 min read
Japan Chart Pack So far so good (Jun 09) The Japanese economy appears to be on track for a decent recovery. The key measures of business and consumer sentiment are rebounding and the April releases brought the first real evidence that this... 24th June 2009 · 1 min read
Japan Chart Pack Down but not out (Feb 09) The speed and extent of the collapse in Japanese exports should at least mean that the immediate adjustment to weaker global demand has now largely run its course. The fall-out in terms of the damage... 16th February 2009 · 1 min read
Japan Chart Pack Deeper recession now likely in 2009 (Dec 08) Japanese households and companies have avoided the financial excesses and over-indebtedness that point to a severe and prolonged recession in the West. Japanese banks are also in relatively good shape... 24th December 2008 · 1 min read
Japan Chart Pack First to recover as global inflation shock fades (Oct 08) The Japanese economy may already be in technical recession, but we expect the downturn to be relatively short-lived and shallow. Sharp falls in inflation will boost real incomes, while Japan has... 24th October 2008 · 1 min read
Japan Chart Pack Economic downturn to be shallow and short-lived (Aug 08) Japan has been hit hard by surging food and energy prices, but has avoided the credit crunch and collapsing house prices that have undermined so many economies in the West. Indeed, the Japanese... 24th August 2008 · 1 min read
Japan Chart Pack Economy slowing, but Tankan reassuring (Jul 08) The Japanese economy is clearly slowing. Indeed, the official data suggest that consumer spending has fallen sharply and manufacturing may already be in a (short-lived) technical recession... 24th July 2008 · 1 min read
Japan Chart Pack GDP growth on course for 2% this year (May 08) Even allowing for a marked slowdown in the second and third quarters, a strong start to the year means that Japanese GDP is still likely to grow by around 2% in 2008. This would be comfortably above... 24th May 2008 · 1 min read
Japan Chart Pack Economy to outperform low expectations (Mar 08) Most discussion of the outlook for Japan in 2008 assumes that the two alternatives are a sharp slowdown or an outright recession. However, much of the incoming data actually favours a third scenario... 24th March 2008 · 1 min read
Japan Chart Pack Already past the worst? (Jan 08) Japan is not currently in recession as commonly defined (that is, two quarters of negative growth, or a year-on-year decline). But the level of GDP failed to recover fully in the third quarter of last... 24th January 2008 · 1 min read
