Nominal GDP for Japan was $4,030bn in 2024, down from $4,209bn in 2023. The Japanese population was estimated at 123.8m in 2024 according to the IMF, while China is Japan’s biggest trading partner.
Variables Surveyed for Japan
Variables covered in our monthly analysis of Japan include:
- Gross Domestic Product
- Private Consumption
- Business Investment
- Industrial Production
- Consumer Prices (CPI)
- Core-Core Consumer Prices
- Domestic Corporate Prices
- Total Cash Earnings
- New Car Registrations
- Housing Starts
- Unemployment Rate
- Current Account
- General Government Budget Balance
- Interest rates
- Yen Currency Forecasts
Consensus Forecasts for Japan
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the IMF and OECD. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Asia Pacific Consensus Forecasts, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Japan on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Real Interest Rates and Foreign Direct Investment
- Forecast Probabilities
- Forecasts of Trade and Current Account Balances
Main Data Sources for Japan
- Japan Statistics Bureau: The Statistics Bureau and the Director-General for Policy Planning (Statistical Standards) of Japan play the central role in the official statistical system in producing and disseminating basic official statistics such as Population Census, and coordinating statistical work under the Statistics Act and other legislation.
- Bank of Japan: The Bank of Japan is the central bank of Japan.The Act sets the Bank's objectives "to issue banknotes and to carry out currency and monetary control" and "to ensure smooth settlement of funds among banks and other financial institutions, thereby contributing to the maintenance of stability of the financial system."
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across Asia Pacific
Alongside this country forecast, explore the other economies covered by our Asia Pacific forecast publication.