ISSN 0388-0605
MONTHLY FINANCE REVIEW
October 2018
No. 543
Policy Research Institute
MINISTRY OF FINANCE
JAPAN
MONTHLY FINANCE REVIEW
October 2018 (No.543)
CONTENTS
STATISTICS(Released by Ministry of Finance)
A. Balance of the Fiscal Loan Fund (20 Aug.) ............................................................. 2
B. Trade Statistics (30 Aug .) ..................................................................................... 4
C. Taxes and Stamp Revenues (3 Sep.) ...................................................................... 8
D. Receipts and Payments of the Treasury Funds with the Private Sector (4 Sep.) ..... 12
E. Official Reserve Assets at the End of Periods (7 Sep.) ........................................... 16
F. Balance of Payments (10 Sep.) ............................................................................ 18
G. International Transaction in Securities (Monthly; based on reports from
designated major investors) (10 Sep.) ................................................................... 22
H. The balance of Offshore Accounts (21 Sep.) ......................................................... 24
I. Financial Statements Statistics of Corporations by Industry, Quarterly
(3 Sep.) ................................................................................................................ 26
J. Business Outlook Survey (12 Sep.) .................................................................... 30
PUBLIC RELATIONS & PRESS RELEASE A. Tax Convention with Ecuador Agreed in Principle (5 Sep.) ....................................... 34
B. New Tax Convention with Russia will Enter into Force (11 Sep.) ............................ 36
C. Convention to Implement Measures to Prevent BEPS will Enter into Force
(27 Sep.) ..................................................................................................................... 38
D. New Tax Convention with Austria will Enter into Force (28 Sep.) ........................... 40
APPENDIX A. Quarterly Estimates of GDP, Apr.-Jun. 2018 (The Second Preliminary) (10 Sep.)
..................................................................................................................................... 42
B. Monthly Economic Report (September) (14 Sep.) .................................................... 53
MAIN ECONOMIC INDICATORS OF JAPAN .......................................................... 57
STATISTICS
A. Balance of the Fiscal Loan Fund (End of July 2018) (August 20, 2018)
( billion yen)2017 2018Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Assets 128,460.7 128,075.3 125,730.6 122,519.4 124,278.8 124,643.0 123,887.5 124,498.2 127,564.6 127,517.3 129,909.7 126,655.5 125,069.8
Cash/Deposits 2,345.5 2,159.9 2,737.3 324.4 17.0 669.4 550.9 910.7 3,646.4 4,554.7 5,484.6 4,108.1 2,664.7
Securities 196.8 196.8 196.8 196.8 195.9 195.9 170.9 170.7 157.7 45.5 20.5 1.8 -
Government Bonds - - - - - - - - - - - - -Trust Beneficiary Rights and Others 196.8 196.8 196.8 196.8 195.9 195.9 170.9 170.7 157.7 45.5 20.5 1.8 -
Loans 125,918.4 125,718.5 122,796.5 121,998.1 124,065.9 123,777.7 123,165.8 123,416.8 123,760.5 122,917.1 124,404.6 122,545.7 122,405.1
Loans to General Account and Special Accounts 21,468.5 21,540.1 21,331.5 20,738.4 22,706.0 22,419.3 22,071.4 22,181.8 22,579.4 21,961.1 21,919.1 20,472.0 20,100.0Loans to Government-related Institutions 18,512.0 18,410.0 18,138.9 17,966.3 18,013.3 18,110.4 18,088.1 18,080.6 18,211.1 18,003.0 17,929.4 17,847.2 17,799.5Loans to Local Government 49,651.8 49,652.3 47,483.0 47,520.8 47,606.1 47,715.1 47,766.0 47,885.9 46,999.9 47,059.5 48,254.6 48,255.1 48,255.6Loans to Special Corporations 36,286.1 36,116.2 35,843.0 35,772.5 35,740.6 35,532.9 35,240.3 35,268.4 35,970.2 35,893.4 36,301.6 35,971.3 36,250.1
Liabilities 128,460.7 128,075.3 125,730.6 122,519.4 124,278.8 124,643.0 123,887.5 124,498.2 127,564.6 127,517.3 129,909.7 126,655.5 125,069.8
Deposits 31,325.9 29,894.1 32,226.9 29,088.5 30,545.8 27,991.6 29,774.5 30,043.6 31,848.1 31,790.4 33,657.5 31,937.6 30,715.5
Special Account Deposits 23,376.7 22,018.4 24,302.1 21,193.7 22,639.7 19,978.5 21,766.4 22,046.5 23,915.6 23,857.4 25,773.3 24,022.4 22,721.8Fund Deposits 1,357.2 1,363.2 1,363.2 1,368.1 1,375.1 1,517.1 1,507.1 1,496.1 1,426.6 1,421.6 1,372.8 1,372.8 1,506.4Mutual Aid Cooperative Deposits 3,359.6 3,280.6 3,329.7 3,264.7 3,269.7 3,234.7 3,239.7 3,239.7 3,244.7 3,250.7 3,250.7 3,211.7 3,162.7Other Deposits 3,232.5 3,232.0 3,232.0 3,262.0 3,261.2 3,261.2 3,261.2 3,261.2 3,261.2 3,260.7 3,260.7 3,330.7 3,324.7
Long-term Bonds 96,369.5 97,389.5 92,510.2 92,420.2 92,600.2 92,933.8 93,243.8 93,563.8 94,617.8 94,617.8 95,117.8 93,797.8 93,377.8
Others 765.3 791.7 993.5 1,010.6 1,132.8 3,717.5 869.2 890.7 1,098.7 1,109.1 1,134.5 920.1 976.5
(Note) Figures may not total due to rounding.
Source : Financial Bureau (https://www.mof.go.jp/english/filp/flf_balance/index.htm)
― 2 ―
・ Trend of Balance of the Fiscal Loan Fund
200,000.0
150,000.0
100,000.0
50,000.0
0.0
50,000.0
100,000.0
150,000.0
200,000.0
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2015 2016 2017 2018
Assets: Cash/Deposits Liabilities: Deposits
Assets: Securities Liabilities: Long-term Bonds
Assets: Loans Liabilities: others
( billion yen)
Assets
Liabilities
― 3 ―
B. Trade Statistics (30 August 2018)
1.Value of Exports and Imports by Area (Country) ( 100 million yen )
2017* 2018Jul Aug Sep Oct Nov Dec Jan** Feb** Mar** Apr** May** Jun** Jul(P)
Total Exports 64,946 62,785 68,107 66,929 69,200 73,039 60,863 64,633 73,827 68,223 63,236 70,532 67,479Imports 60,880 61,817 61,569 64,144 68,148 69,477 70,345 64,634 65,893 62,016 69,069 63,348 69,799Balance 4,066 968 6,538 2,786 1,052 3,562 -9,483 -1 7,933 6,208 -5,833 7,184 -2,319
Asia Exports 34,946 35,106 37,044 37,121 38,945 41,128 33,510 33,761 40,342 36,544 35,504 38,842 37,752Imports 30,316 30,006 30,911 32,051 34,599 33,828 34,641 31,508 30,319 29,413 32,067 30,675 32,422Balance 4,630 5,100 6,133 5,070 4,346 7,300 -1,132 2,253 10,023 7,131 3,437 8,167 5,330
P.R.China Exports 12,110 12,188 12,840 13,539 13,795 15,074 11,602 10,804 14,398 13,166 12,724 13,859 13,554Imports 14,690 14,604 15,675 16,209 18,121 17,059 17,396 15,056 13,495 14,641 15,536 14,542 15,677Balance -2,580 -2,415 -2,834 -2,670 -4,326 -1,984 -5,795 -4,252 903 -1,475 -2,811 -682 -2,123
Hong Kong Exports 2,887 3,169 3,663 3,149 3,704 3,660 2,933 3,064 3,042 3,098 2,840 3,605 3,063Imports 91 88 314 91 90 270 165 177 378 117 107 326 87Balance 2,796 3,081 3,349 3,058 3,614 3,389 2,767 2,887 2,664 2,981 2,733 3,279 2,976
Taiwan Exports 3,786 3,573 3,943 3,841 3,997 4,340 3,553 3,674 4,088 3,833 3,750 3,963 3,954Imports 2,523 2,489 2,471 2,441 2,578 2,446 2,481 2,211 2,414 2,315 2,495 2,434 2,637Balance 1,262 1,084 1,472 1,400 1,419 1,893 1,073 1,462 1,674 1,518 1,255 1,529 1,317
Korea Exports 4,777 4,814 5,022 4,950 5,183 5,431 4,785 4,769 5,480 4,813 4,632 4,848 4,687Imports 2,681 2,513 2,532 2,547 2,906 3,052 3,044 2,889 3,016 2,743 2,912 2,906 3,016Balance 2,095 2,301 2,490 2,404 2,277 2,380 1,741 1,881 2,464 2,070 1,720 1,942 1,671
Singapore Exports 2,097 2,403 1,889 2,152 2,171 2,329 2,178 2,171 2,424 2,059 2,241 2,086 2,177Imports 757 759 805 727 823 800 904 1,073 890 787 914 829 964Balance 1,341 1,644 1,084 1,425 1,348 1,529 1,274 1,097 1,534 1,272 1,327 1,257 1,213
Thailand Exports 2,926 2,628 2,894 2,858 2,908 3,048 2,498 2,834 3,215 2,737 2,734 3,124 2,946Imports 2,185 2,097 2,054 2,277 2,563 2,222 2,171 2,225 2,331 2,011 2,272 2,352 2,379Balance 741 530 840 581 344 826 327 609 884 726 462 773 567
Malaysia Exports 1,207 1,134 1,250 1,248 1,319 1,355 1,048 1,201 1,471 1,291 1,204 1,372 1,347Imports 1,799 1,707 1,609 1,776 1,851 2,008 2,033 1,823 1,935 1,567 1,681 1,522 1,654Balance -593 -574 -358 -528 -532 -653 -985 -622 -463 -276 -477 -150 -307
Indonesia Exports 1,278 1,229 1,348 1,339 1,511 1,330 1,225 1,351 1,571 1,532 1,141 1,522 1,552Imports 1,766 1,917 1,830 1,988 1,877 2,131 2,157 2,128 2,014 1,688 1,980 1,884 1,971Balance -488 -688 -481 -649 -365 -801 -932 -777 -442 -156 -839 -362 -420
Philippines Exports 1,029 1,033 1,052 1,106 1,167 1,050 890 1,028 1,076 1,038 1,082 1,044 1,095Imports 1,040 929 864 987 909 845 991 904 1,005 840 1,026 969 951Balance -12 104 188 118 259 206 -101 124 71 198 56 75 144
Vietnam Exports 1,335 1,355 1,598 1,423 1,669 1,757 1,292 1,232 1,498 1,330 1,415 1,580 1,576Imports 1,779 1,765 1,694 1,959 1,892 1,780 2,053 1,776 1,556 1,629 2,026 1,855 1,952Balance -444 -410 -97 -536 -223 -23 -761 -545 -58 -299 -611 -274 -376
India Exports 385 919 819 812 839 927 839 919 1,240 901 962 1,114 1,096Imports 480 528 490 499 445 602 590 601 531 477 534 435 524Balance 355 391 329 314 394 325 249 318 709 424 428 679 571
(ASEAN) Exports 10,010 9,906 10,192 10,251 10,875 11,047 9,245 9,960 11,393 10,127 9,944 10,847 10,797Imports 9,693 9,596 9,256 10,106 10,291 10,208 10,781 10,395 10,272 8,909 10,278 9,844 10,309Balance 316 310 936 145 584 839 -1,536 -435 1,121 1,218 -334 1,003 487
Oceania Exports 2,168 1,991 2,150 1,857 1,700 1,901 1,814 2,023 2,428 2,340 2,053 2,085 2,166Imports 4,177 4,547 3,735 3,782 4,254 4,581 4,396 4,552 4,276 4,231 4,696 4,202 4,906Balance -2,009 -2,556 -1,585 -1,925 -2,554 -2,680 -2,581 -2,529 -1,847 -1,891 -2,643 -2,116 -2,740
Australia Exports 1,572 1,595 1,738 1,499 1,400 1,586 1,464 1,672 1,739 1,726 1,576 1,707 1,673Imports 3,533 3,966 3,293 3,277 3,812 4,086 3,908 4,127 3,880 3,875 4,166 3,680 4,316Balance -1,960 -2,370 -1,555 -1,778 -2,411 -2,500 -2,445 -2,455 -2,141 -2,149 -2,590 -1,973 -2,643
New Zealand Exports 225 236 244 293 208 232 182 203 235 284 266 290 267Imports 252 267 211 217 218 175 229 202 214 227 352 286 264Balance -27 -31 33 76 -11 57 -48 1 21 57 -85 5 3
North America Exports 14,094 12,756 13,831 13,653 14,551 15,015 11,424 13,700 14,575 14,097 12,332 13,787 13,301Imports 7,780 7,415 7,914 7,427 8,143 8,032 8,155 7,616 8,319 7,920 9,128 8,071 8,678Balance 6,315 5,341 5,917 6,226 6,408 6,983 3,270 6,084 6,256 6,177 3,203 5,715 4,623
U S A Exports 13,188 11,834 12,975 12,818 13,685 14,121 10,666 12,762 13,559 12,864 11,459 12,922 12,506Imports 6,736 6,501 6,828 6,379 7,095 6,999 7,170 6,456 7,331 6,712 8,061 7,023 7,482Balance 6,452 5,334 6,147 6,439 6,590 7,122 3,496 6,306 6,228 6,151 3,398 5,899 5,025
Canada Exports 906 922 856 835 865 894 759 938 1,016 1,233 872 865 795Imports 1,036 905 1,077 1,042 1,040 1,028 979 1,154 984 1,201 1,061 1,044 1,190Balance -130 16 -221 -206 -175 -133 -221 -216 32 32 -189 -179 -396
Latin America Exports 2,815 2,152 2,840 2,600 2,517 2,562 2,801 2,724 2,891 2,647 2,443 3,162 2,720Imports 2,382 2,650 2,504 2,648 2,889 3,009 3,138 2,635 2,667 2,457 3,155 2,656 2,782Balance 433 -498 335 -48 -373 -447 -337 89 224 191 -712 506 -62
Brazil Exports 361 375 354 346 333 345 320 402 395 391 389 387 383Imports 665 646 753 680 894 926 742 635 554 487 847 649 581Balance -304 -271 -399 -334 -561 -581 -423 -233 -160 -96 -457 -263 -198
― 4 ―
2017* 2018Jul Aug Sep Oct Nov Dec Jan** Feb** Mar** Apr** May** Jun** Jul(P)
Mexico Exports 1,143 967 1,083 1,110 1,012 1,110 848 868 1,099 1,010 1,053 1,126 1,115Imports 456 568 453 670 673 659 548 558 558 601 509 583 773Balance 686 399 631 439 339 452 300 310 541 408 544 543 342
Chile Exports 166 138 192 128 145 209 161 217 156 143 155 270 213Imports 547 652 569 547 602 660 773 751 797 585 727 608 638Balance -381 -514 -377 -419 -457 -451 -612 -534 -640 -441 -572 -338 -425
West Europe Exports 7,362 7,152 8,027 7,731 7,665 8,132 7,413 8,122 8,527 8,474 7,225 8,157 7,614Imports 7,336 7,986 8,096 8,632 8,288 8,525 8,773 8,003 8,828 7,666 8,847 8,112 9,326Balance 27 -834 -70 -900 -623 -393 -1,361 119 -301 809 -1,622 46 -1,712
Germany Exports 1,803 1,638 1,930 1,856 1,870 2,076 1,777 1,904 2,068 1,920 1,702 2,048 1,898Imports 2,037 2,473 2,425 2,352 2,085 2,504 2,329 2,184 2,640 2,015 2,385 2,214 2,632Balance -234 -834 -495 -496 -215 -428 -553 -281 -572 -95 -683 -166 -734
United Exports 1,410 1,205 1,420 1,145 1,240 1,157 1,359 1,244 1,230 1,415 1,162 1,278 1,517Kingdom Imports 625 609 673 783 740 706 684 598 751 676 741 751 870
Balance 785 596 747 362 500 451 675 646 479 739 422 527 648France Exports 551 550 615 644 551 702 583 664 709 645 590 624 680
Imports 879 899 1,074 1,042 1,022 1,066 1,094 897 909 920 865 992 1,112Balance -328 -348 -460 -398 -471 -364 -512 -233 -199 -275 -275 -369 -432
Netherlands Exports 1,175 1,145 1,234 1,270 1,125 1,267 1,071 1,288 1,292 1,268 1,130 1,170 1,144Imports 195 256 229 249 309 213 240 265 262 226 234 306 239Balance 981 889 1,005 1,021 815 1,054 831 1,023 1,031 1,042 896 864 905
Italy Exports 403 349 413 476 407 448 434 450 482 455 405 432 403Imports 1,095 973 884 1,176 1,016 1,073 1,129 1,124 1,040 1,034 1,218 1,100 1,115Balance -692 -624 -472 -700 -609 -625 -695 -674 -558 -579 -813 -668 -712
Belgium Exports 532 512 531 596 576 605 503 591 602 583 526 518 625Imports 232 266 232 239 285 387 270 260 308 282 311 268 283Balance 300 246 299 357 290 217 233 331 294 301 215 250 342
Switzerland Exports 344 549 513 398 616 373 352 455 526 448 429 372 194Imports 691 583 807 824 811 750 703 785 789 705 834 637 676Balance -348 -34 -294 -425 -195 -376 -351 -329 -263 -257 -404 -265 -482
Sweden Exports 127 103 133 142 141 152 126 159 173 139 112 127 105Imports 224 255 240 249 237 197 240 199 329 206 259 224 269Balance -97 -151 -107 -107 -96 -46 -115 -40 -156 -68 -147 -97 -163
Ireland Exports 66 57 57 85 134 94 80 67 77 101 97 132 98Imports 297 526 460 620 519 421 674 492 499 470 729 419 835Balance -230 -469 -403 -535 -385 -327 -594 -425 -422 -369 -632 -287 -737
Spain Exports 271 265 336 283 273 286 264 420 354 386 305 291 253Imports 305 306 289 276 302 292 396 287 295 277 303 274 332Balance -35 -41 47 7 -29 -6 -133 133 59 109 2 16 -79
Central and Exports 1,221 1,167 1,374 1,347 1,117 1,275 1,231 1,515 1,527 1,498 1,290 1,479 1,475East Europe, Imports 1,906 1,832 1,699 1,998 1,777 2,008 1,987 1,928 2,128 1,783 2,044 1,839 2,163Russia Balance -686 -664 -325 -650 -660 -733 -756 -413 -601 -285 -754 -360 -688
Russia Exports 553 516 654 621 521 564 620 693 760 684 609 691 675Imports 1,305 1,233 1,032 1,275 1,110 1,368 1,345 1,353 1,414 1,219 1,349 1,134 1,490Balance -753 -717 -378 -654 -590 -804 -724 -660 -654 -534 -740 -443 -815
(EU) Exports 7,210 6,718 7,665 7,534 7,174 7,922 7,174 7,809 8,034 8,193 6,972 7,939 7,670Imports 6,889 7,571 7,504 8,039 7,676 7,866 8,184 7,341 8,194 7,164 8,213 7,649 8,898Balance 321 -854 162 -505 -503 56 -1,010 467 -161 1,028 -1,241 290 -1,228
Middle East Exports 1,717 1,749 2,142 2,007 2,059 2,321 1,863 2,115 2,711 1,908 1,720 2,096 1,696Imports 6,301 6,604 5,896 6,858 7,276 8,712 8,539 7,718 8,568 7,698 8,265 6,947 8,733Balance -4,585 -4,854 -3,754 -4,851 -5,217 -6,392 -6,676 -5,604 -5,858 -5,790 -6,545 -4,852 -7,038
U A E Exports 489 549 675 593 700 787 535 709 1,002 689 669 869 613Imports 1,787 1,949 1,685 1,971 2,020 2,587 2,377 1,976 2,405 2,274 2,239 1,742 2,651Balance -1,298 -1,401 -1,009 -1,377 -1,320 -1,800 -1,842 -1,268 -1,402 -1,585 -1,570 -874 -2,038
Saudi Arabia Exports 365 345 417 428 364 461 422 458 510 329 269 311 283Imports 2,451 2,441 2,126 2,731 2,775 3,270 2,900 3,139 2,783 3,058 2,961 2,416 2,988Balance -2,086 -2,096 -1,710 -2,303 -2,410 -2,808 -2,478 -2,682 -2,273 -2,728 -2,692 -2,106 -2,705
Kuwait Exports 112 99 117 135 176 164 178 167 175 150 126 144 168Imports 428 456 617 457 494 715 770 502 603 641 550 624 670Balance -316 -357 -500 -321 -318 -551 -592 -335 -428 -491 -424 -479 -502
Qatar Exports 95 117 116 96 122 119 128 141 173 117 84 94 82Imports 1,038 910 839 1,072 1,070 1,213 1,447 1,148 1,585 1,199 1,318 1,150 1,073Balance -944 -793 -723 -976 -949 -1,093 -1,319 -1,007 -1,413 -1,081 -1,234 -1,056 -991
Oman Exports 220 256 238 227 212 227 168 189 203 174 182 187 203Imports 211 212 182 192 152 166 243 212 259 149 330 293 315Balance 9 44 56 35 59 61 -75 -23 -56 25 -147 -105 -112
Iran Exports 85 70 77 67 87 101 82 92 89 92 77 111 41Imports 153 358 327 275 453 452 408 329 595 42 375 354 665Balance -68 -288 -250 -208 -366 -351 -327 -237 -506 50 -297 -244 -624
Africa Exports 623 711 699 613 646 706 808 675 825 716 669 924 755Imports 682 777 812 748 921 782 717 674 787 848 865 846 787Balance -59 -66 -112 -135 -275 -76 91 1 38 -132 -196 78 -32
South Africa Exports 252 241 295 238 217 258 184 217 236 233 229 261 254Imports 405 496 414 531 575 467 467 393 371 498 485 505 481Balance -152 -255 -119 -293 -358 -208 -283 -176 -135 -265 -256 -244 -227
(Notes) 1. The value of exports is based upon the F.O.B.value, while the value of imports is based upon the C. I. F.value.2."(P)" means Provisional. "*" and "**"means "fixed" and "detailed".
― 5 ―
・ Trend of Value of Exports and Imports ( 100 million yen )
-20,000
-15,000
-10,000
-5,000
0
5,000
10,000
15,000
20,000
25,000
80,000
60,000
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20,000
0
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80,000
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2015 2016 2017 2018
Exports Imports Balance
Exports
Imports
World Balance
-20,000
-15,000
-10,000
-5,000
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5,000
10,000
15,000
20,000
40,000
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Ju
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2015 2016 2017 2018
AsiaExports
Imports
Balance
-20,000
-15,000
-10,000
-5,000
0
5,000
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15,000
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30,000
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0
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Ju
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2015 2016 2017 2018
E UExports
Imports
Balance
-20,000
-15,000
-10,000
-5,000
0
5,000
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15,000
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Ju
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Middle EastExports
Imports
Balance
-20,000
-15,000
-10,000
-5,000
0
5,000
10,000
15,000
20,000
40,000
30,000
20,000
10,000
0
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Ju
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2015 2016 2017 2018
P.R.ChinaExports
Imports
Balance
-20,000
-15,000
-10,000
-5,000
0
5,000
10,000
15,000
20,000
40,000
30,000
20,000
10,000
0
10,000
20,000
30,000
40,000
Ju
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Sep Oct
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Ju
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l
2015 2016 2017 2018
U S AExports
Imports
Balance
― 6 ―
2.Value of Exports and Imports by Principal Commodity ( 100 million yen )
2017* 2018Jul Aug Sep Oct Nov Dec Jan** Feb** Mar** Apri** May** Jun** Jul(P)
Exports 64,946 62,785 68,107 66,929 69,200 73,039 60,863 64,633 73,827 68,223 63,236 70,532 67,479
Foodstuff 491 494 533 593 614 767 518 472 633 645 589 621 598
Raw materials 893 917 926 915 956 1,092 824 927 999 979 990 1,035 954
Mineral fuels 843 1,185 1,054 821 991 1,115 1,082 1,042 901 973 1,059 908 1,206
Chemicals 6,675 6,621 6,997 7,236 7,145 7,643 6,969 6,711 7,864 7,268 6,991 7,293 7,402
Manufactured goods 7,151 6,943 7,448 7,340 7,552 8,208 6,828 7,097 8,216 7,358 7,608 8,086 7,658
Machinery 13,040 12,355 13,313 13,097 13,720 15,147 11,907 13,087 16,286 14,048 13,079 14,470 13,672
Electrical machinery 11,345 11,488 12,381 11,936 12,333 13,143 10,303 10,522 12,391 11,609 10,940 12,253 12,147
Transport equipment 15,611 13,536 15,761 15,632 16,193 16,315 14,415 16,194 17,047 16,324 13,451 16,423 14,981
Motor vehicles 10,224 8,900 10,550 10,587 11,087 11,158 8,650 10,924 10,965 10,712 8,629 10,344 9,937
Others 8,896 9,246 9,693 9,360 9,696 9,610 8,016 8,582 9,490 9,018 8,529 9,444 8,861
Imports 60,880 61,817 61,569 64,144 68,148 69,477 70,345 64,634 65,893 62,016 69,069 63,348 69,799
Foodstuff 5,865 6,057 5,797 6,138 6,441 6,173 5,830 5,580 5,603 6,037 6,447 6,023 6,155
Raw materials 4,087 4,069 3,825 3,859 4,062 3,986 4,368 4,013 4,049 3,977 4,926 4,284 4,312
Mineral fuels 12,200 12,630 11,156 12,392 13,576 16,679 15,975 15,453 15,997 13,715 14,727 12,726 15,946
Petroleum 5,444 5,625 5,243 5,736 6,354 7,743 7,119 6,599 7,223 6,654 6,809 5,742 7,635
Chemicals 6,055 6,331 6,075 6,492 6,569 6,445 7,520 6,943 6,704 6,527 7,658 6,561 7,797
Manufactured goods 5,696 5,718 5,590 5,857 6,293 5,885 6,325 5,735 5,640 5,905 6,629 6,415 6,376
Machinery 6,381 5,908 6,053 5,487 6,240 6,307 6,712 6,313 6,728 6,068 6,764 6,295 6,807
Electrical machinery 9,377 8,937 10,224 11,449 12,355 11,513 11,339 9,254 9,419 8,889 9,657 9,403 10,034
Transport equipment 2,539 2,625 2,862 2,748 2,898 3,120 2,540 2,257 3,078 2,297 3,393 2,737 2,955
Others 8,682 9,542 9,988 9,723 9,714 9,368 9,737 9,085 8,674 8,601 8,867 8,903 9,417
(Notes) 1. The value of exports is based upon the F.O.B.value, while the value of imports is based upon the C.Ⅰ.F.value.2. "(P)" means Provisional. "*" and "**"means "fixed" and "detailed".
Source : Customs and Tariff Bureau (http://www.customs.go.jp/toukei/info/index_e.htm)
0
5,000
10,000
15,000
20,000
25,000
30,000
Ju
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Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
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Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
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Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
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2015 2016 2017 2018
Foodstuff Raw materials Mineral fuels Chemicals
Manufactured goods Machinery Electrical machinery Transport equipment
( 100 million yen )
Ju
lA
ug
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
nJu
lA
ug
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
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Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
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2015 2016 2017 2018
Exports Imports
― 7 ―
C. Taxes and Stamp Revenues (3 September 2018)FY 2017 (100 million yen)
2017 2018
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Income Tax 179,480 -3,225 9,052 13,164 37,110 13,261 9,546 9,300 13,631 14,135 29,707 7,775 7,574 27,027 759 188,816
Withheld atSource
148,740 -2,675 9,081 12,835 32,265 12,985 9,370 9,107 8,592 13,724 29,537 6,664 3,556 11,130 100 156,271
Self-assessed 30,740 -550 -29 329 4,845 276 176 193 5,038 412 170 1,111 4,018 15,897 660 32,544
123,910 -962 -877 1,837 -1,367 6,351 1,882 4,187 34,574 2,099 2,447 12,266 2,458 4,522 50,537 119,953
21,150 102 69 1,743 1,562 1,602 1,888 1,948 2,182 2,225 1,377 1,982 3,200 1,663 1,378 22,920
171,380 -438 -1,166 -1,944 17,523 17,832 11,497 14,270 18,870 10,090 14,025 19,595 8,716 18,338 27,931 175,139
13,110 36 63 1,117 1,160 1,187 1,172 1,099 1,032 1,044 1,140 1,434 684 871 1,001 13,041
9,290 2 763 720 740 747 774 728 689 691 819 575 630 761 2 8,642
23,940 0 12 2,057 2,056 1,886 1,908 2,160 2,167 2,027 1,948 1,773 2,533 1,977 1,458 23,962
80 0 1 7 7 7 7 7 7 7 7 7 7 6 6 82
520 0 42 44 42 46 48 44 44 42 44 43 39 43 0 522
6,880 -108 79 622 662 536 814 469 480 644 564 499 576 653 419 6,908
3,130 0 264 240 239 274 294 273 246 251 277 312 306 281 0 3,257
3,700 305 311 338 330 297 322 307 294 274 263 319 420 0 0 3,778
- - - - - - - - - - - - - - - -
9,530 344 398 822 826 866 840 869 917 917 882 860 834 474 391 10,241
100 9 9 8 8 8 8 7 9 9 8 8 8 0 0 99
- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10,920 1,459 732 826 800 772 860 772 762 951 691 736 1,106 47 1 10,515
577,120 -2,479 9,751 21,601 61,699 45,671 31,859 36,440 75,904 35,405 54,196 48,185 29,091 56,666 83,884 587,875
(Reference)
6,439 -25 -17 91 65 400 91 223 1,801 91 97 602 114 218 2,788 6,539
2,562 0 1 220 220 202 204 231 232 217 208 190 271 212 156 2,564
80 0 1 7 7 7 7 7 7 7 7 7 7 6 6 82
149 0 12 13 12 13 14 13 13 12 13 12 11 12 0 149
2,539 209 213 232 226 204 221 211 202 188 180 219 288 0 0 2,593
125 11 11 10 10 10 10 9 11 11 10 10 10 0 0 123
20,025 504 754 789 1,850 3,523 1,931 991 973 559 5,989 352 362 0 0 18,578
1,437 0 118 111 115 116 120 113 107 107 127 89 98 118 0 1,337
3,764 -68 190 275 772 278 199 194 285 294 619 162 158 566 16 3,939
- -2 4 8 2 2 1 1 -1 4 1 1 2 0 0 23other
Estimate(Revised)
Corporation Tax
ConsumptionTax
Inheritance Tax
Tobacco Tax
Aviation FuelTax
Motor VehicleTonnage Tax
Liquor Tax
Local SpecialCorporate Tax
Liquefied PetroleumGas Tax
InternationalTourist Tax
Settlement
(Notes) 1.* is distributed amount to local governments.2.Totals may not add due to rounding.
Gasoline Tax
other
General AccountTotal
LocalCorporation Tax
Stamp Revenue
Customs Duty
Tonnage Due
Source : Tax Bureau (https://www.mof.go.jp/tax_policy/reference/taxes_and_stamp_revenues/index.htm)
Special TobaccoTax
Special incometax forreconstruction
Petroleum andCoal Tax
Motor VehicleTonnage Tax*
Aviation FuelTax*
Liquefied PetroleumGas Tax*
Local Road Tax
Promotion of Power-ResourcesDevelopment Tax
Special TonnageDue
― 8 ―
FY 2018 (100 million yen)
2018 2019
Apr May Jun Jul(P) Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Income Tax 190,200 -3,721 9,056 14,087 39,363 58,786
Withheld atSource
157,250 -3,117 9,085 13,683 34,581 54,231
Self-assessed 32,950 -604 -29 405 4,782 4,554
121,670 -586 -480 1,947 1,066 1,947
22,400 25 55 2,124 1,320 3,525
175,580 -642 -924 -2,101 18,175 14,508
13,110 38 66 1,075 1,047 2,226
8,740 1 708 721 719 2,149
23,300 6 16 2,065 1,887 3,974
80 0 1 6 6 13
520 0 42 44 43 130
7,090 -69 129 717 639 1,416
3,230 0 250 240 245 735
3,950 278 313 318 343 1,253
60 - - - - -
10,220 368 455 820 922 2,566
100 8 9 8 9 35
- 0 0 0 0 0
10,540 1,454 764 900 810 3,927
590,790 -2,840 10,460 22,973 66,595 97,188
(Reference)
6,533 -12 -2 85 112 183
2,493 1 2 221 202 425
80 0 1 6 6 13
149 0 12 13 12 37
2,711 191 215 219 236 860
125 10 12 11 11 43
20,260 586 962 800 2,285 4,634
1,288 0 110 112 111 332
4,003 -79 190 294 819 1,224
- 1 1 2 7 12
Tonnage Due
ConsumptionTax
Inheritance Tax
Corporation Tax
Estimate
Gasoline Tax
Tobacco Tax
Liquor Tax
Special TonnageDue
Special incometax forreconstruction
Total(P)
LocalCorporation Tax
General AccountTotal
Customs Duty
Motor VehicleTonnage Tax
Promotion of Power-ResourcesDevelopment Tax
Petroleum andCoal Tax
Local SpecialCorporate Tax
Stamp Revenue
Special TobaccoTax
other
Motor VehicleTonnage Tax*
Aviation FuelTax*
Liquefied PetroleumGas Tax*
Local Road Tax
Aviation FuelTax
Liquefied PetroleumGas Tax
InternationalTourist Tax
other
― 9 ―
・ Trends in general account tax revenue (100 million yen)
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Apr
May
Jun
Jul
Au
g
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2017 2018
Income Tax Corporation Tax Consumption Tax
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Apr
May
Jun
Jul
Au
g
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2018 2019
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Apr
May
Jun
Jul
Au
g
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2015 2016
FY2015
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Apr
May
Jun
Jul
Au
g
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2016 2017
FY2016
FY2017 FY2018
― 10 ―
・ Trends in general account tax revenue (total) (100 million yen)
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
Apr
May
Jun
Jul
Au
g
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2017 2018
Income Tax Corporation Tax Consumption Tax
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
Apr
May
Jun
Jul
Au
g
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2018 2019
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000A
pr
May
Jun
Jul
Au
g
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2015 2016
FY2015
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
Apr
May
Jun
Jul
Au
g
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2016 2017
FY2016
FY2017 FY2018
― 11 ―
2017
Sep Oct Nov Dec
Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance
1 General Account 54,977 75,125 -20,148 46,133 47,310 -1,177 54,172 76,923 -22,750 88,370 53,200 35,170
Taxes 50,370 10,702 39,668 42,700 7,845 34,856 51,344 5,465 45,879 85,123 12,804 72,320
Non-tax Receipt 1,384 - 1,384 1,443 - 1,443 1,873 - 1,873 2,218 - 2,218
Social Security - 11,852 -11,852 - 20,253 -20,253 - 12,567 -12,567 - 14,521 -14,521
Grants to LocalGovernment Entities 3,223 42,801 -39,578 1,990 1 1,989 955 47,145 -46,190 1,028 2,784 -1,755
National Defense - 2,888 -2,888 - 3,327 -3,327 - 2,766 -2,766 - 5,235 -5,235
Public Works - 2,354 -2,354 - 2,108 -2,108 - 2,321 -2,321 - 3,722 -3,722
Treasury's Share inCompulsory EducationExpenditure
- 932 -932 - 932 -932 - 936 -936 - 2,944 -2,944
Miscellaneous - 3,597 -3,597 - 12,844 -12,844 - 5,723 -5,723 - 11,191 -11,191
2 Special Accountsetc.
108,819 59,405 49,414 59,873 101,226 -41,353 56,632 36,260 20,372 52,979 112,139 -59,160
Fiscal Investmentand Loan
39,759 7,566 32,193 10,188 4,355 5,833 3,991 4,765 -774 7,665 7,057 608
Foreign ExchangeEqualization Fund
6,986 6,689 297 9,615 6,928 2,687 13,319 9,633 3,685 4,723 3,604 1,119
Insurance 46,118 22,497 23,621 37,544 83,439 -45,896 37,507 17,025 20,483 38,495 82,890 -44,395
Miscellaneous 15,956 22,652 -6,696 2,526 6,503 -3,977 1,815 4,837 -3,023 2,096 18,589 -16,493
3 Subtotal (1+2) 163,797 134,530 29,266 106,006 148,536 -42,530 110,804 113,183 -2,379 141,349 165,339 -23,990
4 GovernmentBonds etc.
112,065 119,342 -7,278 113,827 18,436 95,391 115,651 32,136 83,515 111,913 101,014 10,900
Government Bonds(over one year)
105,565 113,342 -7,778 108,327 12,936 95,391 109,912 26,616 83,296 106,413 95,014 11,400
Borrowings 6,500 6,000 500 5,500 5,500 -0 5,739 5,521 218 5,500 6,000 -500
5 TreasuryDiscount Bills etc.
256,898 233,399 23,499 297,798 247,044 50,754 274,699 234,535 40,164 252,898 217,557 35,341
TreasuryDiscount Bills
225,398 201,899 23,499 266,298 215,544 50,754 222,198 182,034 40,164 221,398 186,057 35,341
Short TermBorrowings
31,500 31,500 0 31,500 31,500 -0 52,500 52,500 0 31,500 31,500 -0
6 Subtotal (4+5) 368,963 352,741 16,222 411,625 265,480 146,145 390,350 266,671 123,679 364,812 318,571 46,241
7 Total (3+6) 532,759 487,271 45,488 517,631 414,016 103,615 501,154 379,854 121,300 506,160 483,910 22,251
8 Adjustments 5,299 6,389 -1,090 4,139 3,736 403 5,897 3,745 2,152 8,039 8,793 -754
9Grand Total(7+8)
538,059 493,661 44,398 521,770 417,752 104,018 507,051 383,600 123,452 514,200 492,703 21,497
(Notes) Figures do not sum up to total because of rounding.
(Annotations)Redemption of T-Bills held to maturity by the Bank of Japan, acquired through outright purchase operations, is excluded from theabove table but is indicated in the following lines for information.
39,628 57,153 47,763 44,341
Source : Financial Bureau (https://www.mof.go.jp/english/exchequer/receipts_payments/index.htm)
Category
D. Receipts and Payments of the Treasury Funds with the Private Sector (4 September 2018)
Redemption of T-Bills(TBs and FBs) held tomaturity by the Bank ofJapan
― 12 ―
(100 million yen)
2018
Jan Feb Mar Apr
Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance
62,060 34,406 27,654 49,480 38,269 11,211 65,994 115,636 -49,642 74,957 127,656 -52,699 1 General Account
59,302 8,013 51,289 42,780 5,806 36,974 62,259 21,200 41,059 63,572 14,751 48,820 Taxes
1,728 - 1,728 1,294 - 1,294 3,356 - 3,356 10,996 - 10,996 Non-tax Receipt
- 9,623 -9,623 - 11,166 -11,166 - 30,297 -30,297 - 30,368 -30,368 Social Security
1,029 - 1,029 5,406 7,740 -2,335 379 9,926 -9,547 390 38,392 -38,002Grants to LocalGovernment Entities
- 2,777 -2,777 - 3,283 -3,283 - 7,088 -7,088 - 6,497 -6,497 National Defense
- 1,985 -1,985 - 2,337 -2,337 - 31,192 -31,192 - 13,562 -13,562 Public Works
- 936 -936 - 936 -936 - 1,096 -1,096 - 937 -937Treasury's Share inCompulsory EducationExpenditure
- 11,073 -11,073 - 7,000 -7,000 - 14,837 -14,837 - 23,149 -23,149 Miscellaneous
49,881 42,147 7,734 85,744 106,261 -20,517 87,684 96,494 -8,810 58,972 106,756 -47,7852 Special Accounts
etc.
6,786 3,538 3,248 4,299 5,488 -1,189 40,006 36,292 3,714 6,843 3,140 3,703Fiscal Investmentand Loan
4,878 8,229 -3,351 5,496 7,838 -2,343 8,547 6,561 1,986 11,895 8,915 2,980Foreign ExchangeEqualization Fund
33,846 21,688 12,158 72,622 86,867 -14,245 35,175 18,419 16,755 37,551 82,791 -45,239 Insurance
4,370 8,691 -4,321 3,327 6,067 -2,740 3,956 35,221 -31,265 2,682 11,911 -9,228 Miscellaneous
111,940 76,552 35,388 135,224 144,530 -9,306 153,678 212,129 -58,452 133,929 234,412 -100,483 3 Subtotal (1+2)
117,004 15,931 101,073 119,242 15,585 103,657 114,252 119,807 -5,555 110,921 13,809 97,1124 Government
Bonds etc.
111,504 10,931 100,573 113,282 10,124 103,158 110,752 116,807 -6,055 102,421 6,809 95,612Government Bonds(overone year)
5,500 5,000 500 5,960 5,461 499 3,500 3,000 500 8,500 7,000 1,500 Borrowings
252,698 222,219 30,479 274,898 246,373 28,525 252,799 237,896 14,902 250,799 222,013 28,7855
TreasuryDiscount Billsetc
221,198 190,718 30,479 222,397 193,873 28,525 221,298 206,396 14,902 219,298 190,513 28,785TreasuryDiscount Bills
31,500 31,500 0 52,500 52,500 0 31,500 31,500 0 31,500 31,500 0Short TermBorrowings
369,702 238,149 131,553 394,140 261,958 132,182 367,051 357,704 9,348 361,719 235,822 125,898 6 Subtotal (4+5)
481,642 314,702 166,941 529,363 406,487 122,876 520,729 569,833 -49,104 495,649 470,234 25,415 7 Total (3+6)
3,583 3,616 -33 3,783 3,974 -192 7,951 7,149 803 4,342 4,119 223 8 Adjustments
485,225 318,317 166,908 533,146 410,462 122,684 528,680 576,982 -48,301 499,991 474,353 25,638 9Grand Total(7+8)
36,180 33,625 20,502 30,385
Category
Redemption of T-Bills (TBsand FBs) held to maturity
by the Bank of Japan
― 13 ―
(100 million yen)
2018
May June July Aug
Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance
1 General Account 62,443 36,891 25,552 104,653 91,854 12,799 74,443 60,726 13,717 66,963 39,538 27,425
Taxes 57,817 7,310 50,507 102,081 24,646 77,435 71,239 20,636 50,603 62,332 12,147 50,185
Non-tax Receipt 4,009 - 4,009 1,655 - 1,655 2,132 - 2,132 2,013 - 2,013
Social Security - 19,977 -19,977 - 11,842 -11,842 - 18,742 -18,742 - 12,379 -12,379
Grants to LocalGovernment Entities 617 1,300 -683 918 39,060 -38,143 1,071 368 703 2,618 4,071 -1,453
National Defense - 2,876 -2,876 - 2,998 -2,998 - 5,302 -5,302 - 3,613 -3,613
Public Works - 1,289 -1,289 - 1,942 -1,942 - 1,622 -1,622 - 2,064 -2,064
Treasury's Share inCompulsory EducationExpenditure
- 937 -937 - 2,848 -2,848 - 937 -937 - 937 -937
Miscellaneous - 3,203 -3,203 - 8,518 -8,518 - 13,119 -13,119 - 4,327 -4,327
2 Special Accountsetc.
48,311 50,522 -2,211 55,965 112,261 -56,296 60,752 56,321 4,431 61,604 101,122 -39,518
Fiscal Investmentand Loan
5,198 19,224 -14,026 8,625 2,814 5,812 7,210 8,863 -1,653 5,065 3,931 1,134
Foreign ExchangeEqualization Fund
4,187 5,889 -1,702 3,643 7,872 -4,229 9,469 9,053 416 6,839 6,923 -84
Insurance 37,017 20,067 16,949 37,949 83,282 -45,333 40,481 16,746 23,735 46,827 84,962 -38,135
Miscellaneous 1,909 5,341 -3,432 5,748 18,292 -12,545 3,592 21,660 -18,068 2,873 5,306 -2,432
3 Subtotal (1+2) 110,754 87,413 23,341 160,618 204,115 -43,497 135,195 117,048 18,147 128,567 140,660 -12,093
4 GovernmentBonds etc.
118,162 20,335 97,827 106,239 92,486 13,753 112,112 25,643 86,469 112,976 22,880 90,095
Government Bonds(over one year)
109,569 12,796 96,773 98,739 85,486 13,254 105,112 18,643 86,469 106,010 14,914 91,096
Borrowings 8,593 7,539 1,054 7,500 7,000 500 7,000 7,000 -0 6,966 7,966 -1000
5 TreasuryDiscount Bills etc.
315,898 274,030 41,868 249,797 223,412 26,385 289,496 268,072 21,425 267,298 245,463 21,835
TreasuryDiscount Bills
263,397 221,530 41,867 218,297 191,912 26,384 257,996 236,572 21,425 214,798 192,963 21,835
Short TermBorrowings
52,501 52,500 1 31,500 31,500 0 31,500 31,500 0 52,500 52,500 0
6 Subtotal (4+5) 434,059 294,365 139,694 356,036 315,898 40,138 401,608 293,715 107,893 380,274 268,343 111,930
7 Total (3+6) 544,813 381,778 163,035 516,655 520,013 -3,359 536,803 410,763 126,041 508,841 409,004 99,837
8 Adjustments 5,298 5,231 67 3,993 9,657 -5,664 7,625 4,581 3,043 8,274 7,246 1,028
9Grand Total(7+8)
550,111 387,009 163,102 520,647 529,670 -9,023 544,428 415,344 129,084 517,114 416,249 100,865
44,767 29,386 28,525 28,634
Category
Redemption of T-Bills(TBs and FBs) held to
maturity by the Bank ofJapan
― 14 ―
・ Trend of Receipts and Payments
・ Trend of Balance (Grand Total)
800,000
600,000
400,000
200,000
0
200,000
400,000
600,000
800,000
Au
gS
ep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
nJu
lA
ug
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
nJu
lA
ug
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
nJu
lA
ug
2015 2016 2017 2018
General Account Special Accounts Government Bonds Treasury Discount Bills
(100 million yen)
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
Au
gS
ep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
nJu
lA
ug
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
nJu
lA
ug
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
Ju
nJu
lA
ug
2015 2016 2017 2018
(100 million yen)
Receipts
Payments
― 15 ―
E. Official Reserve Assets (the End of the Month) (7 September 2018)
2016 (million US dollar)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Official reserve assets 1,248,107 1,254,149 1,262,099 1,262,509 1,253,967 1,265,402 1,264,750 1,256,053 1,260,145 1,242,792 1,219,291 1,216,903
Foreign currency reserves 1,192,824 1,193,683 1,201,196 1,200,407 1,193,989 1,202,686 1,201,838 1,193,344 1,196,234 1,180,425 1,159,321 1,157,790
Securities 1,067,634 1,068,486 1,076,126 1,075,380 1,069,261 1,077,607 1,076,267 1,066,903 1,068,188 1,054,462 1,031,886 1,031,902
Deposits 125,190 125,197 125,070 125,027 124,728 125,079 125,571 126,441 128,046 125,963 127,435 125,888
IMF reserve position 8,369 12,470 12,495 12,393 12,267 12,370 12,068 12,026 12,706 12,645 12,274 12,019
SDRs 19,059 17,110 17,451 17,556 17,377 17,327 17,295 17,942 18,136 17,905 18,214 18,087
Gold 27,353 30,381 30,434 31,630 29,821 32,494 33,017 32,210 32,537 31,295 28,984 28,516
Other reserve assets 502 505 523 523 513 525 532 531 532 522 498 491
2017Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Official reserve assets 1,231,573 1,232,340 1,230,330 1,242,295 1,251,868 1,249,847 1,260,040 1,268,006 1,266,310 1,260,925 1,261,242 1,264,283
Foreign currency reserves 1,170,803 1,170,660 1,168,909 1,180,046 1,189,360 1,188,139 1,197,552 1,204,226 1,203,236 1,198,464 1,198,933 1,202,071
Securities 1,043,826 1,042,763 1,042,952 1,052,925 1,061,544 1,062,210 1,074,963 1,081,532 1,080,790 1,076,041 1,076,384 1,079,459
Deposits 126,977 127,897 125,957 127,121 127,816 125,929 122,589 122,694 122,446 122,423 122,549 122,612
IMF reserve position 12,201 11,979 11,936 12,041 12,126 11,819 11,775 11,883 11,886 11,760 11,203 10,582
SDRs 18,233 18,310 18,350 18,542 18,715 18,810 19,005 19,100 19,099 18,930 19,078 19,195
Gold 29,837 30,891 30,626 31,157 31,151 30,562 31,185 32,272 31,567 31,249 31,496 31,897
Other reserve assets 499 500 509 509 516 517 523 525 522 522 532 538
2018Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Official reserve assets 1,268,535 1,261,749 1,268,287 1,256,018 1,254,477 1,258,748 1,256,276 1,259,305
Foreign currency reserves 1,204,746 1,198,857 1,205,149 1,193,513 1,192,596 1,197,493 1,195,817 1,199,284
Securities 1,082,243 1,076,009 1,080,727 1,068,584 1,063,435 1,068,386 1,067,226 1,067,254
Deposits 122,503 122,848 124,422 124,929 129,161 129,107 128,591 132,030
IMF reserve position 10,511 10,418 10,402 10,246 10,086 11,029 11,065 11,101
SDRs 19,640 19,511 19,618 19,407 19,141 18,936 18,831 18,812
Gold 33,091 32,422 32,570 32,308 32,115 30,765 30,039 29,583
Other reserve assets 547 541 548 544 539 525 524 525(Note) 1. Coverage of this template is the monetary authorities and other central government, excluding social security.
2. Current market exchange rates are used for valuation of non-US dollar denominated assets/liabilities.3. Securities and gold reflect marked to market values.4. Figures may not total due to rounding.
Source : International Bureau (https://www.mof.go.jp/english/international_policy/reference/official_reserve_assets/index.htm)
― 16 ―
・ Trend of Official Reserve Assets
950,000
1,000,000
1,050,000
1,100,000
1,150,000
1,200,000
1,250,000
1,300,000
1,350,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 2017 2018
Foreign currency reserves IMF reserve position SDRs Gold Other reserve assets
(million US dollar)
― 17 ―
F. Balance of Payments (10 September 2018)
( 100 million yen )
2017 2018
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr(P) May(P) June(P) Jul(P)
Current Account 23,471 24,007 22,583 21,885 13,407 7,965 5,924 21,082 31,816 18,451 19,383 11,756 20,097
Goods & Services 3,401 3,523 8,012 4,064 2,180 3,308 -8,238 3,453 14,158 723 -2,616 6,453 -1,754
Goods 5,659 3,346 8,583 4,286 1,991 5,250 -6,607 1,977 11,876 5,738 -3,038 8,205 -10
Exports 63,742 61,840 67,343 65,797 67,896 72,707 62,349 64,276 74,537 66,321 63,232 69,752 67,708
Imports 58,083 58,494 58,760 61,511 65,904 67,458 68,956 62,299 62,661 60,583 66,271 61,548 67,717
-2,258 177 -571 -223 189 -1,941 -1,631 1,476 2,282 -5,015 423 -1,751 -1,744
Primary income 21,630 22,479 16,683 19,426 13,302 6,203 15,290 19,468 21,315 19,394 23,980 5,876 23,549
Secondary income -1,561 -1,995 -2,112 -1,605 -2,075 -1,546 -1,129 -1,839 -3,657 -1,666 -1,982 -573 -1,698
Capital Account -147 -13 -44 -171 -217 -187 -260 -123 -491 45 -145 -457 -143
Financial Account 10,078 17,337 18,402 -5,378 17,486 18,645 12,502 17,063 46,057 4,254 33,208 6,206 -8,319
12,053 6,119 16,474 8,040 6,527 22,563 19,343 8,800 8,024 13,648 5,651 16,333 11,334
63,013 -14,168 -294 -21,570 -19,562 -13,292 49,795 -15,416 49,014 -19,861 19,549 -17,252 29,623
3,715 -16 1,621 5,133 5,899 8,169 2,002 -4,084 -1,967 -2,062 2,189 1,724 1,674
-69,143 22,462 -5,549 3,345 25,995 -572 -63,798 23,942 -7,889 13,649 2,119 -545 -52,773
441 2,941 6,149 -327 -1,372 1,776 5,160 3,820 -1,125 -1,121 3,700 5,946 1,823
-13,245 -6,657 -4,138 -27,092 4,296 10,866 6,839 -3,896 14,732 -14,242 13,970 -5,093 -28,273
(Notes) 1. Totals may not add due to rounding.2. "(P)" means Preliminary.
Services
Direct investment
Portfolio investment
Financial derivatives(other than reserves)
Other investment
Reserve assets
Net errors & omissions
― 18 ―
・ Trend of Balance of Payments
-60,000
-40,000
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2015 2016 2017 2018
Goods & Services Primary income Secondary income Capital Account Financial Account Net errors & omissions
( 100 million yen )
― 19 ―
(Appendix table)
1. Direct Investment Assets/Liabilities( 100 million yen )
2017 2018
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr(P) May(P) June(P) Jul(P)
Direct Investment Assets Execution 41,853 31,016 45,780 43,281 32,061 58,439 49,699 34,473 122,092 55,655 33,823 56,447 44,329
Withdrawal 29,158 22,543 30,415 33,412 23,574 31,030 32,521 24,188 108,835 43,019 20,337 37,547 29,526
Net 12,695 8,472 15,365 9,869 8,487 27,409 17,179 10,285 13,257 12,636 13,486 18,900 14,804
Equity other than Execution 9,564 5,801 13,379 15,996 4,819 19,653 7,745 5,183 75,698 28,946 6,480 9,558 7,303
reinvestment of Withdrawal 2,351 5,038 979 9,999 1,370 5,272 3,847 840 71,264 19,801 2,093 1,569 1,559
earnings Net 7,213 763 12,401 5,997 3,448 14,381 3,898 4,343 4,434 9,144 4,386 7,989 5,744
Reinvestment of Execution 4,890 4,891 5,834 5,832 5,834 5,860 5,850 5,871 5,875 5,878 5,879 5,902 5,889
earnings Withdrawal - - - - - - - - - - - - -
Net 4,890 4,891 5,834 5,832 5,834 5,860 5,850 5,871 5,875 5,878 5,879 5,902 5,889
Debt instruments Execution 27,399 20,324 26,567 21,453 21,408 32,926 36,105 23,419 40,519 20,832 21,465 40,987 31,138
Withdrawal 26,807 17,505 29,437 23,413 22,204 25,757 28,674 23,349 37,571 23,217 18,244 35,978 27,967
Net 592 2,819 -2,870 -1,960 -795 7,169 7,431 70 2,948 -2,386 3,221 5,009 3,170
Execution 42,784 36,302 33,904 36,189 34,109 36,720 31,878 29,939 42,646 28,241 29,072 31,885 36,424
Withdrawal 42,142 33,949 35,014 34,360 32,149 31,873 34,042 28,455 37,412 29,252 21,237 29,318 32,955
Net 642 2,354 -1,109 1,828 1,961 4,847 -2,164 1,485 5,233 -1,011 7,835 2,567 3,469
Equity other than Execution 1,092 721 771 2,463 1,007 3,407 801 1,126 2,034 5,774 5,775 2,030 1,516
reinvestment of Withdrawal 374 804 551 2,665 1,011 2,300 1,870 693 809 6,164 1,390 1,245 2,263
earnings Net 717 -83 219 -203 -4 1,106 -1,068 433 1,224 -390 4,384 785 -746
Reinvestment of Execution 1,460 1,448 1,570 1,566 1,592 1,591 1,596 1,588 1,533 1,529 1,533 1,158 1,158
earnings Withdrawal - - - - - - - - - - - - -
Net 1,460 1,448 1,570 1,566 1,592 1,591 1,596 1,588 1,533 1,529 1,533 1,158 1,158
Debt instruments Execution 40,232 34,133 31,563 32,160 31,511 31,722 29,481 27,226 39,079 20,937 21,764 28,698 33,750
Withdrawal 41,768 33,144 34,462 31,695 31,138 29,573 32,173 27,762 36,603 23,088 19,847 28,073 30,692
Net -1,536 989 -2,899 465 373 2,149 -2,692 -536 2,476 -2,151 1,917 625 3,058(Notes) 1. Reinvestment of earnings are recorded under "Execution" . Negative figures are recorded when retained earnings decrease.
2. "(P)" means Preliminary.
Liabilities
Direct Investment
― 20 ―
2. Portfolio Investment Assets/Liabilities( 100 million yen )
2017 2018
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr(P) May(P) June(P) Jul(P)
Portfolio Investment Assets 59,270 24,279 6,494 -1,562 9,688 10,087 36,425 -24,437 10,857 34,896 -4,776 22,103 24,184
Acquisition 50,450 54,901 52,858 53,852 58,328 48,561 61,119 61,855 52,987 55,917 59,952 65,793 56,599
fund shares Disposition 39,813 39,469 47,195 41,559 41,448 35,115 44,035 59,675 60,259 45,455 49,408 49,465 43,277
Net 10,637 15,432 5,663 12,293 16,879 13,446 17,084 2,180 -7,271 10,462 10,544 16,328 13,322
Long-term Acquisition 277,454 231,209 275,823 240,872 247,941 180,792 310,422 278,867 304,982 278,333 284,679 283,230 291,559
debt securities Disposition 230,575 225,204 276,709 255,572 254,885 183,693 293,871 308,164 290,746 255,445 299,221 277,446 277,792
Net 46,879 6,005 -886 -14,700 -6,944 -2,900 16,551 -29,297 14,237 22,888 -14,543 5,784 13,767
Short-term Acquisition 50,343 52,762 56,010 45,879 54,286 43,750 53,023 52,867 65,409 63,687 57,754 53,645 45,715
debt securities Disposition 48,588 49,920 54,293 45,035 54,534 44,208 50,234 50,187 61,518 62,142 58,532 53,654 48,620
Net 1,755 2,842 1,717 845 -247 -458 2,790 2,680 3,891 1,546 -778 -9 -2,905
-3,742 38,447 6,788 20,008 29,250 23,378 -13,370 -9,021 -38,158 54,757 -24,326 39,355 -5,439
Acquisition 383,216 395,318 420,680 499,225 556,333 453,515 492,744 554,535 517,277 454,304 467,848 456,696 442,724
fund shares Disposition 376,650 405,948 433,894 464,712 560,371 453,930 486,055 557,402 556,689 437,617 472,112 465,909 435,527
Net 6,566 -10,630 -13,214 34,514 -4,038 -415 6,689 -2,867 -39,412 16,687 -4,264 -9,213 7,196
Long-term Acquisition 80,641 70,308 101,758 57,964 82,350 69,834 69,852 67,017 86,877 81,708 60,335 69,996 96,219
debt securities Disposition 63,983 46,230 88,619 53,516 70,949 72,175 76,781 66,402 94,686 58,924 62,984 66,074 77,244
Net 16,658 24,078 13,138 4,449 11,401 -2,341 -6,929 615 -7,809 22,785 -2,648 3,922 18,975
Short-term Acquisition 159,240 197,965 171,235 176,441 181,059 172,448 162,082 167,711 208,981 199,946 175,303 221,960 195,514
debt securities Disposition 186,206 172,966 164,371 195,395 159,172 146,313 175,212 174,480 199,917 184,661 192,717 177,314 227,125
Net -26,966 24,999 6,863 -18,954 21,887 26,134 -13,130 -6,769 9,064 15,285 -17,414 44,646 -31,610
(Notes) 1. Totals may not add due to rounding.2. "(P)" means Preliminary.
Source : International Bureau (https://www.mof.go.jp/english/international_policy/reference/balance_of_payments/index.htm)
Portfolio Investment Liabilities
Equity and investment
Equity and investment
― 21 ―
G. International Transaction in Securities (Monthly; based on reports from designated major investors) (10 September 2018)
Portfolio Investment Assets ( 100 million yen )2017 2018Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug46,173 47,972 47,850 52,417 43,431 52,845 53,435 46,531 49,782 54,829 60,237 51,014 51,94535,594 37,733 37,827 37,990 31,889 40,208 54,890 53,226 40,431 45,173 44,696 38,774 42,811
Net 10,579 10,239 10,023 14,427 11,542 12,637 -1,455 -6,695 9,351 9,657 15,541 12,240 9,135221,447 265,376 229,174 236,441 168,155 292,372 263,264 290,497 260,522 269,703 270,262 278,796 290,110213,995 266,175 243,509 237,250 169,438 278,485 290,595 274,471 244,395 280,935 259,671 265,945 289,839
Net 7,453 -799 -14,334 -810 -1,283 13,887 -27,331 16,027 16,127 -11,232 10,591 12,852 270
Subtotal Net (A) 18,032 9,440 -4,311 13,617 10,259 26,524 -28,786 9,331 25,478 -1,575 26,132 25,092 9,405
51,823 53,773 44,764 53,384 41,872 51,301 52,353 64,028 62,681 56,758 51,407 44,674 69,05349,592 53,832 43,797 53,415 43,128 49,700 49,206 60,325 60,365 57,507 52,687 46,094 70,504
Net 2,230 -59 968 -31 -1,257 1,600 3,147 3,703 2,316 -749 -1,279 -1,420 -1,451
Total (C) 20,262 9,382 -3,344 13,586 9,003 28,125 -25,639 13,034 27,794 -2,324 24,853 23,672 7,954
Portfolio Investment Liabilities394,205 416,602 498,038 554,808 446,657 492,258 553,973 514,995 450,621 463,821 454,232 440,931 450,028405,004 432,390 463,750 559,034 452,755 485,576 557,105 555,411 436,597 469,980 464,263 434,551 459,071
Net -10,800 -15,788 34,288 -4,226 -6,098 6,682 -3,131 -40,416 14,025 -6,159 10,030 6,380 -9,04467,803 76,064 48,247 73,831 64,846 59,646 61,559 74,103 68,892 55,784 65,958 78,240 66,53444,532 79,800 48,545 68,279 68,858 69,495 62,177 86,808 54,211 52,442 61,512 68,837 75,279
Net 23,271 -3,735 -298 5,552 -4,012 -9,849 -618 -12,705 14,681 3,342 4,446 9,403 -8,746
Subtotal Net (B) 12,472 -19,524 33,990 1,325 -10,110 -3,167 -3,749 -53,121 28,706 -2,817 -5,585 15,783 -17,789
195,556 166,260 173,362 176,784 169,448 159,832 165,527 204,318 197,794 172,411 218,941 193,788 214,193170,418 161,658 192,054 156,929 144,611 171,606 170,744 196,103 180,969 188,794 175,094 224,000 178,513
Net 25,137 4,602 -18,692 19,855 24,837 -11,774 -5,217 8,215 16,826 -16,384 43,847 -30,211 35,679
Total (D) 37,609 -14,922 15,298 21,180 14,727 -14,942 -8,966 -44,906 45,532 -19,201 38,263 -14,429 17,890
Subtotal Net (A) - (B) 5,560 28,964 -38,301 12,292 20,369 29,691 -25,037 62,453 -3,228 1,242 31,717 9,309 27,194
Total Net (C) - (D) -17,347 24,303 -18,642 -7,594 -5,724 43,066 -16,673 57,940 -17,738 16,877 -13,410 38,101 -9,936
(Notes) 1. Totals may not add due to rounding.2. International Transactions in Securities show net aquisition with a plus sign(+) and net disposition with a minus sign(-).3. "Designated Major Investors” indicate banks, financial instruments firms, insurance companies, investment trust management companies and asset management companies,
etc. that were designated by the Minister of Finance in accordance with Article 21 of the Ministerial Ordinance Concerning Report on Foreign Exchange transactions, etc.
Source : International Bureau (https://www.mof.go.jp/english/international_policy/reference/itn_transactions_in_securities/index.htm)
Short-term debtsecurities
Short-term debtsecurities
Equity andinvestment fundshares
Long-term debtsecurities
AcquisitionDisposition
AcquisitionDisposition
AcquisitionDisposition
AcquisitionDisposition
Equity andinvestment fundshares
AcquisitionDisposition
Long-term debtsecurities
AcquisitionDisposition
― 22 ―
・ Trend of International Transaction in Securities
-80,000
-60,000
-40,000
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016 2017 2018
Portfolio Investment Assets Portfolio Investment Liabilities
( 100 million yen )
― 23 ―
H. The balance of Offshore Accounts (21 September 2018)
1. End of July 2018Assets (100 million yen, %) Liabilities (100 million yen, %)
Total balance Denominated in Denominated in Total balance Denominated in Denominated in
Foreign Currency yen Foreign Currency yen
To non- To non- To non- To non- To non- To non-
residents residents residents residents residents residents
Deposits /Call Loans 27,627 24,170 22,247 19,605 5,380 4,565 Deposits/ Call Money 62,204 59,396 56,465 53,967 5,739 5,429
Securities 214,646 214,600 209,821 209,775 4,825 4,825 Securities - - - - - -
Loans 29,965 29,965 27,986 27,986 1,979 1,979 Borrowed Money 34,172 34,014 21,048 20,970 13,124 13,044
Inter-Office Accounts 507,743 507,743 366,813 366,813 140,930 140,930 Inter-Office Accounts 111,919 111,919 111,847 111,847 72 72
Total 780,472 776,966 627,354 624,663 153,118 152,303 Total 208,560 205,587 189,536 186,954 19,024 18,633
-2.0 -2.0 -2.5 -2.4 0.0 -0.1 -4.1 -4.1 -2.0 -2.0 -20.4 -20.6
(Notes) Figures are not rounded out.
2. Revised data (Monthly) (100 million Yen)illion Yen)
2017 2018
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June Jul(P)
Assets 811,200 837,151 840,161 849,888 846,124 860,329 837,823 790,024 786,411 783,617 795,914 796,576 780,472
To non-residents 805,912 830,638 834,787 845,188 840,730 854,665 832,894 783,877 779,688 780,533 792,916 792,680 776,966
Denominated in Foreign Currency 693,667 716,802 730,139 719,826 718,342 717,960 689,369 642,676 654,181 655,296 646,619 643,427 627,354
To non-residents 690,489 712,499 726,025 716,856 714,678 713,236 685,880 638,459 647,893 652,767 643,966 640,276 624,663
Denominated in yen 117,533 120,349 110,022 130,062 127,782 142,369 148,454 147,348 132,230 128,321 149,295 153,149 153,118
To non-residents 115,423 118,139 108,762 128,332 126,052 141,429 147,014 145,418 131,795 127,766 148,950 152,404 152,303
Liabilities 227,311 219,106 229,375 224,829 218,250 222,338 231,115 231,337 251,321 200,724 214,000 217,367 208,560
To non-residents 221,257 211,845 223,392 220,431 212,908 216,583 226,476 225,764 209,010 198,064 211,165 214,319 205,587
Denominated in Foreign Currency 196,487 189,617 200,724 197,694 190,553 194,209 206,330 205,980 190,014 177,903 191,330 193,474 189,536
To non-residents 192,544 184,567 195,852 194,877 186,992 189,521 202,831 201,837 183,914 175,574 188,766 190,848 186,954
Denominated in yen 30,824 29,489 28,651 27,135 27,697 28,129 24,785 25,357 25,307 22,821 22,670 23,893 19,024
To non-residents 28,713 27,278 27,540 25,554 25,916 27,062 23,645 23,927 25,096 22,490 22,399 23,471 18,633
(Notes) Figures are not rounded out.
Source : International Bureau (https://www.mof.go.jp/english/international_policy/reference/offshore/index.htm)
Monthly change(%)Monthly change(%)
― 24 ―
・ Trend of the balance of Offshore Accounts
400,000
200,000
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2015 2016 2017 2018
Assets:Denominated in Foreign Currency Liabilities:Denominated in Foreign Currency
Assets:Denominated in yen Liabilities:Denominated in yen
(100 million yen)
Assets
Liabilities
― 25 ―
I. Financial Statements Statistics of Corporations by Industry, Quarterly (3 September 2018)
1. Sales (100 million yen)
2017 2018
Jan - Mar Apr - Jun Jul - Sep Oct - Dec Jan - Mar Apr - Jun
All Industries 3,506,366 3,279,184 3,386,999 3,582,061 3,617,780 3,446,149
Manufacturing 1,013,281 928,977 981,471 1,041,376 1,027,216 990,886
Food 103,394 108,460 104,413 112,621 97,122 109,305
Chemical and Allied Products 98,428 100,355 102,468 107,854 102,908 105,730
Petroleum and Coal Products 38,581 23,413 29,711 28,797 30,918 27,953
Iron and Steel 38,975 40,178 40,223 42,631 42,542 43,549
Fabricated Metal Products 45,704 45,598 51,609 55,333 54,165 48,038
General-Purpose Machinery 16,327 15,042 15,522 16,106 18,666 17,177
Production Machinery 60,210 54,357 62,926 72,443 69,296 64,309
Business oriented Machinery 34,110 29,300 32,370 33,238 34,843 29,041Electrical Machinery , Equipment and Supplies 87,143 71,212 78,078 82,970 87,989 86,827Information and CommunicationElectronics Equipment
86,274 74,298 81,896 80,900 79,406 76,888
Transportation Equipment 202,976 179,174 189,758 202,774 208,222 186,597
Non-Manufacturing 2,493,086 2,350,207 2,405,528 2,540,686 2,590,563 2,455,263
Construction 319,056 238,633 258,445 255,914 327,255 256,672
Wholesale and Retail Trade 1,233,562 1,221,166 1,264,280 1,355,284 1,317,672 1,284,712
Real estate 95,766 77,186 78,118 86,295 91,981 87,532
Goods rental and Leasing 36,494 37,113 35,089 37,077 36,910 35,253
Information and Communications 189,709 171,925 161,868 171,063 183,344 172,850
Transport and Postal activities 153,230 142,680 148,034 150,006 145,731 150,572
Production ,Transmission andDistribution of Electricity
63,195 56,298 64,456 58,575 68,144 59,534
Services 372,317 379,098 369,522 395,874 389,002 382,411
Corporations with capital of
1 billion yen or over 1,447,670 1,350,154 1,391,460 1,506,310 1,510,537 1,435,172
100 million to 1 billion yen 712,108 664,769 691,158 720,177 738,672 697,699
10 to 100 million yen 1,346,588 1,264,262 1,304,381 1,355,575 1,368,571 1,313,278(Notes) All Industries and Non-Manufacturing don't include Finance and Insurance.
0
1,000,000
2,000,000
3,000,000
4,000,000
Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun
2015 2016 2017 2018
Manufacturing Non-manufacturing
(i100 million yen)
― 26 ―
2. Ordinary profits (100 million yen)
2017 2018
Jan - Mar Apr - Jun Jul - Sep Oct - Dec Jan - Mar Apr - Jun
All Industries 201,314 223,900 178,928 209,410 201,652 264,011
Manufacturing 72,162 82,172 68,323 77,532 66,002 104,766
Food 3,364 8,111 6,168 6,335 2,734 6,817
Chemical and Allied Products 9,758 14,502 10,928 12,893 11,165 14,749
Petroleum and Coal Products 1,628 431 1,160 1,533 1,092 1,480
Iron and Steel 1,194 3,290 960 1,693 1,659 2,835
Fabricated Metal Products 3,032 3,234 3,189 3,492 3,275 2,932
General-Purpose Machinery 1,653 1,497 1,264 1,499 1,747 1,489
Production Machinery 4,637 5,296 5,829 5,647 6,630 7,471
Business oriented Machinery 3,684 2,887 2,980 2,611 4,092 3,537Electrical Machinery , Equipment and Supplies 8,219 7,758 5,057 6,609 6,750 9,586Information and CommunicationElectronics Equipment
6,617 4,411 6,688 5,341 3,965 20,289
Transportation Equipment 17,577 17,995 14,043 16,913 12,322 19,710
Non-Manufacturing 129,152 141,727 110,606 131,878 135,650 159,245
Construction 26,153 14,018 14,569 12,622 27,066 11,536
Wholesale and Retail Trade 33,499 35,732 32,737 36,189 38,665 41,664
Real estate 13,738 13,444 9,936 12,302 13,556 14,796
Goods rental and Leasing 2,413 2,476 2,278 3,069 3,411 3,076
Information and Communications 17,475 18,778 12,826 18,077 15,566 21,714
Transport and Postal activities 2,770 12,336 11,155 11,394 4,251 13,787
Production ,Transmission andDistribution of Electricity
-1,099 2,508 4,721 1,594 -18 4,230
Services 30,749 39,796 20,800 33,192 30,319 45,911
Corporations with capital of
1 billion yen or over 98,401 142,619 103,441 120,847 100,027 178,241
100 million to 1 billion yen 33,937 25,989 30,302 31,965 34,145 29,291
10 to 100 million yen 68,977 55,292 45,185 56,598 67,480 56,479(Notes) All Industries and Non-Manufacturing don't include Finance and Insurance.
-50,000
0
50,000
100,000
150,000
200,000
250,000
300,000
Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun
2015 2016 2017 2018
Manufacturing Non-manufacturing
(100 million yen)
― 27 ―
3. Ratio of ordinary profits to sales (%)
2017 2018
Jan - Mar Apr - Jun Jul - Sep Oct - Dec Jan - Mar Apr - Jun
All Industries 5.7 6.8 5.3 5.8 5.6 7.7
Manufacturing 7.1 8.8 7.0 7.4 6.4 10.6
Food 3.3 7.5 5.9 5.6 2.8 6.2
Chemical and Allied Products 9.9 14.5 10.7 12.0 10.8 14.0
Petroleum and Coal Products 4.2 1.8 3.9 5.3 3.5 5.3
Iron and Steel 3.1 8.2 2.4 4.0 3.9 6.5
Fabricated Metal Products 6.6 7.1 6.2 6.3 6.0 6.1
General-Purpose Machinery 10.1 10.0 8.1 9.3 9.4 8.7
Production Machinery 7.7 9.7 9.3 7.8 9.6 11.6
Business oriented Machinery 10.8 9.9 9.2 7.9 11.7 12.2Electrical Machinery , Equipment and Supplies 9.4 10.9 6.5 8.0 7.7 11.0Information and CommunicationElectronics Equipment
7.7 5.9 8.2 6.6 5.0 26.4
Transportation Equipment 8.7 10.0 7.4 8.3 5.9 10.6
Non-Manufacturing 5.2 6.0 4.6 5.2 5.2 6.5
Construction 8.2 5.9 5.6 4.9 8.3 4.5
Wholesale and Retail Trade 2.7 2.9 2.6 2.7 2.9 3.2
Real estate 14.3 17.4 12.7 14.3 14.7 16.9
Goods rental and Leasing 6.6 6.7 6.5 8.3 9.2 8.7
Information and Communications 9.2 10.9 7.9 10.6 8.5 12.6
Transport and Postal activities 1.8 8.6 7.5 7.6 2.9 9.2
Production ,Transmission andDistribution of Electricity
-1.7 4.5 7.3 2.7 0.0 7.1
Services 8.3 10.5 5.6 8.4 7.8 12.0
Corporations with capital of
1 billion yen or over 6.8 10.6 7.4 8.0 6.6 12.4
100 million to 1 billion yen 4.8 3.9 4.4 4.4 4.6 4.2
10 to 100 million yen 5.1 4.4 3.5 4.2 4.9 4.3(Notes) All Industries and Non-Manufacturing don't include Finance and Insurance.
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun
2015 2016 2017 2018
Total Manufacturing Non-manufacturing
(%)
― 28 ―
4. Investment in plant and equipment (100 million yen)
2017 2018
Jan - Mar Apr - Jun Jul - Sep Oct - Dec Jan - Mar Apr - Jun
All Industries 142,901 94,506 107,920 114,000 147,720 106,613
131,639 86,004 98,893 104,596 134,355 98,087
Manufacturing 47,152 32,424 38,763 41,913 48,484 38,841
43,886 29,893 36,056 38,865 44,988 36,196
Food 4,010 3,260 3,811 4,405 4,306 3,376
Chemical and Allied Products 5,339 4,041 4,694 5,011 5,194 5,021
Petroleum and Coal Products 976 255 680 317 500 652
Iron and Steel 2,884 2,099 2,518 2,279 2,843 2,079
Fabricated Metal Products 2,066 1,283 1,989 2,107 1,810 1,655
General-Purpose Machinery 556 519 434 433 487 698
Production Machinery 2,028 1,358 1,738 2,379 2,262 2,239
Business oriented Machinery 1,463 1,159 1,040 1,082 1,526 1,006Electrical Machinery , Equipment and Supplies 3,734 3,004 3,360 3,488 3,915 2,842Information and CommunicationElectronics Equipment
4,612 3,446 4,007 5,165 5,992 5,724
Transportation Equipment 10,807 5,716 7,308 7,017 10,625 6,692
Non-Manufacturing 95,749 62,082 69,156 72,087 99,236 67,773
87,753 56,111 62,837 65,731 89,367 61,891
Construction 6,939 3,871 4,175 4,233 4,833 3,646
Wholesale and Retail Trade 16,914 11,746 13,873 15,882 17,261 13,499
Real estate 8,231 7,071 4,966 5,283 10,088 5,695
Goods rental and Leasing 6,430 5,529 6,995 5,943 6,646 5,706
Information and Communications 12,799 8,226 8,946 9,005 13,110 8,094
Transport and Postal activities 16,523 7,369 9,035 10,242 18,390 10,655
Production ,Transmission andDistribution of Electricity
9,784 4,460 5,460 7,147 10,311 7,166
Services 14,404 11,839 13,534 10,710 16,247 11,302
Corporations with capital of
1 billion yen or over 83,329 50,245 58,816 61,932 88,990 62,049
100 million to 1 billion yen 25,346 17,930 19,467 21,471 25,952 18,560
10 to 100 million yen 34,226 26,330 29,636 30,597 32,778 26,004(Notes) 1. Figures include investment in software. Figures of the lower row exclude investment in software.
2. All Industries and Non-Manufacturing don't include Finance and Insurance.
Source : Policy Research Institute (https://www.mof.go.jp/english/pri/reference/ssc/index.htm)
0
50,000
100,000
150,000
200,000
Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun
2015 2016 2017 2018
Manufacturing Non-manufacturing
(100 million yen)
― 29 ―
J. Business Outlook Survey (July-September 2018) (12 September 2018)
1.Business conditionsBusiness survey index (Difference of “up”-“down” compared with previous quarter) ( % points )
2017 2018 2019
Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar
(previous) (present) (outlook) (outlook)
-2.0 5.1 6.2 3.3 -2.0 3.8 7.6 5.8
-2.9 9.4 9.7 2.9 -3.2 6.5 9.9 5.4
-1.6 2.9 4.5 3.4 -1.4 2.4 6.5 6.0
-3.1 5.1 5.3 0.8 -1.0 2.2 7.0 4.1
-5.5 7.3 13.1 -2.6 -1.1 5.4 12.8 -0.2
-2.4 4.4 3.0 1.8 -1.0 1.3 5.3 5.4
-9.9 -6.5 -2.3 -9.9 -10.6 -10.0 -0.6 -3.8
-9.9 -6.8 2.0 -8.0 -10.1 -13.6 -0.1 -3.2
-9.9 -6.4 -3.2 -10.3 -10.7 -9.2 -0.7 -3.9
2.Domestic economic conditionsBusiness survey index (Difference of “up”-“down” compared with previous quarter) ( % points )
2017 2018 2019
Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar
(previous) (present) (outlook) (outlook)
4.8 6.9 13.6 8.6 7.2 6.9 5.0 5.0
4.6 9.1 13.1 8.0 5.6 8.3 3.9 3.0
5.0 5.8 13.9 8.9 8.0 6.2 5.6 6.0
2.7 4.3 14.5 8.1 6.9 4.9 6.3 3.8
1.2 7.0 18.0 11.0 7.4 5.1 9.0 4.0
3.1 3.5 13.4 7.3 6.8 4.8 5.5 3.8
-11.5 -8.2 0.0 -3.4 -4.3 -7.3 -2.3 -4.2
-13.1 -8.5 4.1 -1.9 -2.4 -8.1 1.0 -2.2
-11.1 -8.1 -0.8 -3.7 -4.7 -7.1 -2.9 -4.6
Trend of Business Outlook Survey1.Business conditions 2.Domestic economic conditions
Source : Policy Research Institute (https://www.mof.go.jp/english/pri/reference/bos/index.htm)
Non-manufacturing
All industries
All industries
All industries
Corporationswith capital of1 billion yen orover
Corporationswith capital of100 million to1 billion yen
Manufacturing
Non-manufacturing
Manufacturing
All industries
All industries
Manufacturing
Non-manufacturing
Manufacturing
Corporationswith capital of1 billion yen orover
Corporationswith capital of100 million to1 billion yen
Corporationswith capital of10 to 100million yen
All industries
Corporationswith capital of10 to 100million yen
Manufacturing
Non-manufacturing
Manufacturing
Non-manufacturing
Non-manufacturing
-80.0
-60.0
-40.0
-20.0
0.0
20.0
40.0
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
2015 2016 2017 2018 2019
Corporations with capital of 1 billion yen or over
Corporations with capital of 100 million to 1 billion yen
Corporations with capital of 10 to 100 million yen
( % points )
-80.0
-60.0
-40.0
-20.0
0.0
20.0
40.0
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
2015 2016 2017 2018 2019
Corporations with capital of 1 billion yen or over
Corporations with capital of 100 million to 1 billion yen
Corporations with capital of 10 to 100 million yen
( % points )
― 30 ―
3.Sales (compared with the previous year) (%)
FY2016 FY2017 FY2018
1st half 2nd half 1st half 2nd half 1st half 2nd half
-1.1 -2.2 -0.0 2.7 3.7 1.8 2.4 2.8 2.1
-1.6 -3.3 0.0 4.4 5.4 3.6 3.5 3.7 3.2
-0.9 -1.8 -0.0 2.1 3.1 1.1 2.0 2.5 1.6
4.Ordinary profits (compared with the previous year) (%)
FY2016 FY2017 FY2018
1st half 2nd half 1st half 2nd half 1st half 2nd half
-2.9 -6.9 1.3 5.2 17.0 -5.5 -0.4 -2.9 2.2
-8.1 -18.5 3.7 11.2 35.8 -7.2 -1.8 -4.4 1.0
-0.5 -1.1 0.2 2.7 10.1 -4.7 0.3 -2.1 2.7
5.Software and investment in plant and equipment (compared with the previous year) (%)
FY2016 FY2017 FY2018
1st half 2nd half 1st half 2nd half 1st half 2nd half
2.0 -0.7 4.1 5.0 6.4 3.8 9.9 13.6 6.9
3.1 -0.8 6.3 3.6 0.8 5.9 21.8 29.0 16.2
1.3 -0.6 2.8 5.8 9.8 2.7 3.3 5.2 1.8
Note: Excludes expense purchasing land.
6.Employment
Business survey index (Difference of “insufficient”-“excessive”) ( % points )
2017 2018 2019
End ofJun.
End ofSep.
End ofDec.
End ofMar.
End ofJun.
End ofSep.
End ofDec.
End ofMar.
(previous) (present) (outlook) (outlook)
16.9 15.4 19.5 21.9 18.8 19.3 16.8 15.0
8.3 9.3 15.2 17.2 14.5 16.2 13.5 10.7
21.2 18.4 21.7 24.3 21.0 20.9 18.4 17.1
29.8 29.0 32.6 34.8 33.1 34.4 30.6 27.6
24.7 22.8 30.4 32.3 33.1 35.3 31.3 26.4
31.4 30.9 33.2 35.5 33.1 34.1 30.5 27.9
24.8 27.1 29.5 31.9 29.5 27.9 25.9 23.5
21.2 23.0 29.1 33.3 31.7 29.5 25.3 23.2
25.5 27.9 29.6 31.6 29.1 27.6 26.0 23.6
Manufacturing
Manufacturing
Non-manufacturing
All industries
All industries
All industries
Corporationswith capital of1 billion yen orover
Manufacturing
Non-manufacturing
All industries
Manufacturing
Non-manufacturing
All industries
Corporationswith capital of100 million to1 billion yen
Corporationswith capital of10 to 100million yen
All industries
Non-manufacturing
Manufacturing
Non-manufacturing
Non-manufacturing
Manufacturing
― 31 ―
PUBLIC RELATIONS & PRESS RELEASE
A. Tax Convention With Ecuador Agreed in Principle
September 5, 2018
A. Tax Convention with Ecuador Agreed in Principle
September 5, 2018 Ministry of Finance
1. The Government of Japan and the Government of the Republic of Ecuador have agreed in principle onthe tax convention between Japan and the Republic of Ecuador.
2. This Convention includes provisions for the purposes of clarifying the scope of taxation in the twocountries, eliminating international double taxation and preventing tax evasion and avoidance and isexpected to promote further mutual investments and economic exchanges between the two countries.
3. This Convention will be signed after the necessary internal procedures have been completed by each ofthe two Governments. Thereafter, the Convention will enter into force after the completion of theapproval process in both countries (in the case of Japan, approval by the Diet is necessary).
― 34 ―
B. New Tax Convention with Russia will Enter into Force
September 11, 2018
B. New Tax Convention with Russia will Enter into Force
September 11, 2018 Ministry of Finance
1. On September 10, the exchange of diplomatic notes between the Government of Japan and theGovernment of the Russian Federation for entry into force of the Convention between the Governmentof Japan and the Government of the Russian Federation for the Elimination of Double Taxation withrespect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (signed on September 7,2017) took place in Vladivostok.
2. This Convention, accordingly, will enter into force on October 10, 2018 (the thirtieth day after the dateof exchange of diplomatic notes) and will have effect:
(a) with respect to taxes levied on the basis of a taxable year, for taxes for any taxable years beginning onor after January 1, 2019; and
(b) with respect to taxes levied not on the basis of a taxable year, for taxes levied on or after January 1,2019.
(c) The provisions concerning the exchange of information and the assistance in the collection of taxeshave effect from October 10, 2018, without regard to the date on which the taxes are levied or thetaxable year to which the taxes relate.
* This new Convention will not affect the application of the existing Convention (Convention between the Government of Japan and the Government of the Union of Soviet Socialist Republics for the Avoidance of Double Taxation with respect to Taxes on Income) between Japan and the countries other than the Russian Federation.
【Reference】 Texts and Outline of the Convention
“Convention between the Government of Japan and the Government of the Russian Federation for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance”
Outline of the Convention. →Tax Convention with Russia was Signed (August 30, 2017)
― 36 ―
C. Convention to Implement Measures to Prevent BEPS will Enter into Force
September 27, 2018
C. Convention to Implement Measures to Prevent BEPS will Enter into Force
September 27, 2018 Ministry of Finance
1. On September 26, Japan deposited the instrument of acceptance of the “Multilateral Convention toImplement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” (Convention toImplement Measures to Prevent BEPS) to the Secretary-General of the Organisation for Economic Co-operation and Development (OECD) acting as the Depositary of this Convention.
2. Accordingly, this Convention will enter into force for Japan on January 1, 2019 (on the first day of themonth following the expiration of a period of three calendar months beginning on the date of the depositof the instrument of acceptance).
3. This Convention applies to an existing tax treaty where both parties to that tax treaty have chosen toapply this Convention to it and where this Convention has entered into force for those parties.The tax treaties between Japan and the following jurisdictions will satisfy those requirements on January1, 2019.- Israel- New Zealand- Poland- Sweden- United KingdomThis Convention will also apply to a tax treaty between Japan and a jurisdiction other than the
above-mentioned jurisdictions if those requirements are subsequently satisfied for that tax treaty.
4. The provisions of this Convention applicable to an existing tax treaty and the timing of entry into effectof this Convention for it are determined depending on the choices of each of the parties to that tax treaty.For the details of the application of this Convention to the tax treaties of Japan, see the webpages below.
◆The text of the Convention to Implement Measures to Prevent BEPS“Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion andProfit Shifting”
◆List of Reservations and Notifications of Signatories and Parties to the Convention to ImplementMeasures to Prevent BEPS [link to the website of the OECD]
◆Convention to Implement Measures to Prevent BEPS (MLI)-List of Reservations and Notifications of Japan-Application of the MLI to Japan's Tax Treaties
― 38 ―
D. New Tax Convention with Austria will Enter into Force
September 28, 2018
D. New Tax Convention with Austria will Enter into Force
September 28, 2018 Ministry of Finance
1. On September 27, the exchange of diplomatic notes between the Government of Japan and theGovernment of the Republic of Austria for entry into force of the Convention between Japan andthe Republic of Austria for the Elimination of Double Taxation with respect to Taxes on Income and thePrevention of Tax Evasion and Avoidance (signed on January 30, 2017) took place in Vienna.
2. This Convention, accordingly, will enter into force on October 27, 2018 (the thirtieth day after the dateof exchange of diplomatic notes) and will have effect:
(a) with respect to taxes levied on the basis of a taxable year, for taxes for any taxable years beginning onor after January 1, 2019; and
(b) with respect to taxes levied not on the basis of a taxable year, for taxes levied on or after January 1, 2019.
(c) The provisions concerning the assistance in the collection of taxes have effect fromOctober 27, 2018, without regard to the date on which the taxes are levied or the taxable yearto which the taxes relate.
【Reference】 Texts and Outline of the Convention
“Convention between Japan and the Republic of Austria for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance”
Outline of the Convention. →New Tax Convention with Austria was Signed (January 31, 2017)
― 40 ―
APPENDIX
A. Quarterly Estimates of GDPApr. - Jun. 2018(The Second Preliminary)
Cabinet Office September 10, 2018
2018(平成30)年4~6月期四半期別GDP速報 (2次速報値)Quarterly Estimates of GDP for April - June 2018 (Second Preliminary Estimates)
Ⅰ.国内総生産(支出側)及び各需要項目GDP (Expenditure Approach) and Its Components
1-1.1次速報値と2次速報値の比較(四半期値、実質、季節調整済前期比)
(2011暦年連鎖価格; 単位:%) (Chained (2011) Yen(seasonally adjusted) ; %)
1次速報値(2018.8.10公表)
2次速報値1次速報値
(2018.8.10公表)2次速報値
1st Prelim. 2nd Prelim. 1st Prelim. 2nd Prelim.
0.5 0.7
[1.9] [3.0]
0.6 0.9 0.6 0.9
0.7 1.1 0.5 0.8
0.7 0.7 0.4 0.4
0.7 0.7 0.4 0.4
除 く 持 ち 家 の帰 属 家 賃 0.8 0.8 0.4 0.4 Excluding
Imputed Rent
-2.7 -2.4 -0.1 -0.1
1.3 3.1 0.2 0.5
*** *** 0.0 0.0
0.2 0.2 0.0 0.0
0.2 0.2 0.0 0.0
-0.1 0.0 -0.0 0.0
*** *** 0.0 0.0
0.5 1.7 0.1 0.4
*** *** -0.1 -0.1
0.2 0.2 0.0 0.0
1.0 0.9 -0.2 -0.2
(参考) (cf)
0.4 0.7 *** ***
0.7 1.0 *** ***
1.9 1.8 *** ***※1 : Changes from the previous quarter (seasonally adjusted)
※2 : Contributions to changes in GDP
※3 : 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※4 : 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
純輸出の寄与度は輸出と輸入の寄与度の差によって求めている。
The contribution is calculated as the contribution of Exports less that of Imports.
年 ・ 期
項 目
財 貨 ・ サ ー ビ ス の 輸 出
( 控 除 ) 財 貨 ・ サ ー ビ ス の 輸 入
( 再 掲 ) 総 固 定 資 本 形 成 ※ 3
民 間 企 業 設 備
公 的 需 要
財 貨 ・ サ ー ビ ス の 純 輸 出 ※ 4
政 府 最 終 消 費 支 出
公 的 固 定 資 本 形 成
民 間 在 庫 変 動
[年 率 換 算]
民 間 住 宅
民 間 需 要
国 内 需 要
家 計 最 終 消 費 支 出
前 期 比 ※1 寄 与 度 (対GDP) ※2
Private Demand
[Annual rate]***
Gross Domestic Product
Domestic Demand
***
2018/4~6
雇 用 者 報 酬 Compensation of Employees
Change in Public Inventories
Net Exports of Goods & Services※4
Exports of Goods & Services
(Regrouped) Gross Fixed CapitalFormation ※3
公 的 在 庫 変 動
国 民 総 所 得 ( G N I ) Gross National Income
最 終 需 要Final Sales of
Domestic Product
国 内 総 生 産 ( G D P )
民 間 最 終 消 費 支 出
Government Consumption
Public Demand
(Less) Imports of Goods & Services
Consumption of Households
Private Residential Investment
Private Non-Resi. Investment
Public Investment
Change in Private Inventories
Private Consumption
Comparison of the First Preliminary and the Second Preliminary Estimates(Quarterly Real Growth Rate,Seasonally Adjusted Series, Quarter-to-Quarter)
Economic and Social Research Institute
Cabinet Office, Government of Japan
Released: 2018.9.10
内 閣 府 経 済 社 会 総 合 研 究 所国 民 経 済 計 算 部
平 成 30 年 9 月 10 日
― 43 ―
Released: 2018.9.10
1-2.1次速報値と2次速報値の比較(四半期値、名目、季節調整済前期比)
(単位:%) (%;seasonally adjusted)
1次速報値(2018.8.10公表)
2次速報値1次速報値
(2018.8.10公表)2次速報値
1st Prelim. 2nd Prelim. 1st Prelim. 2nd Prelim.
0.4 0.7
[1.7] [2.8]
0.6 0.9 0.6 0.8
0.7 1.0 0.5 0.8
0.3 0.3 0.2 0.2
0.3 0.3 0.2 0.2
除 く 持 ち 家 の帰 属 家 賃 0.3 0.3 0.1 0.2 Excluding
Imputed Rent
-2.0 -1.8 -0.1 -0.1
2.0 3.7 0.3 0.6
*** *** 0.1 0.1
0.3 0.3 0.1 0.1
0.2 0.2 0.0 0.0
0.5 0.6 0.0 0.0
*** *** 0.0 0.0
1.2 2.4 0.3 0.6
*** *** -0.2 -0.2
0.5 0.5 0.1 0.1
1.4 1.4 -0.2 -0.2
(参考1) (cf)
0.3 0.6 *** ***
0.7 1.0 *** ***
1.5 1.4 *** ***※1 : Changes from the previous quarter (seasonally adjusted)
※2 : Contributions to changes in GDP
※3 : 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※4 : 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
(参考2) 四半期デフレーター(季節調整系列) (cf)
1次速報値 2次速報値
1st Prelim. 2nd Prelim.
-0.0 -0.0-0.0 -0.0
※5 : Changes from the previous quarter (seasonally adjusted)
2018/4~6
2018/4~6
家 計 最 終 消 費 支 出
[年 率 換 算]
民 間 住 宅
民 間 企 業 設 備
最 終 需 要
Private Non-Resi. Investment
[Annual rate]***
国 内 総 生 産 ( G D P )
***
民 間 最 終 消 費 支 出
Final Sales ofDomestic Product
前 期 比 ※1 寄 与 度 (対GDP) ※2
年 ・ 期
Consumption of Households
項 目
Domestic Demand
Private Consumption
民 間 需 要
国 内 需 要
Private Demand
Gross Domestic Product
Change in Private Inventories民 間 在 庫 変 動
Private Residential Investment
前期比 ※5
政 府 最 終 消 費 支 出
Net Exports of Goods & Services※4
公 的 固 定 資 本 形 成
(Regrouped) Gross Fixed CapitalFormation ※3
Public Investment
Government Consumption
財 貨 ・ サ ー ビ ス の 輸 出
公 的 在 庫 変 動
雇 用 者 報 酬 Compensation of Employees
Change in Public Inventories
( 再 掲 ) 総 固 定 資 本 形 成 ※ 3
(Less) Imports of Goods & Services
国 民 総 所 得 ( G N I ) Gross National Income
Comparison of the First Preliminary and the Second Preliminary Estimates (Quarterly Nominal GrowthRate, Seasonally Adjusted Series, Quarter-to-Quarter)
国 内 需 要 デ フ レ ー タ ー Domestic Demand Deflator
項 目
年 ・ 期
公 的 需 要 Public Demand
G D P デ フ レ ー タ ー GDP Deflator
( 控 除 ) 財 貨 ・ サ ー ビ ス の 輸 入
Exports of Goods & Services
財 貨 ・ サ ー ビ ス の 純 輸 出 ※ 4
― 44 ―
Released: 2018.9.10
2-1.1次速報値と2次速報値の比較(年度値、実質、前年比)Comparison of the First Preliminary and the Second Preliminary Estimates(Annual Real Growth Rate, Fiscal Year)
(2011暦年連鎖価格; 単位:%) (Chained (2011) Yen ; %)
1次速報値(2018.8.10公表)
2次速報値1次速報値
(2018.8.10公表)2次速報値
1st Prelim. 2nd Prelim. 1st Prelim. 2nd Prelim.
1.6 1.6 *** ***
1.2 1.2 1.2 1.2
1.4 1.3 1.0 1.0
0.8 0.8 0.5 0.5
0.8 0.8 0.4 0.4
除 く 持 ち 家 の帰 属 家 賃 0.7 0.7 0.3 0.3 Excluding
Imputed Rent
-0.3 -0.4 -0.0 -0.0
3.1 3.1 0.5 0.5
*** *** 0.1 0.1
0.9 0.9 0.2 0.2
0.7 0.7 0.1 0.1
1.4 1.4 0.1 0.1
*** *** 0.0 0.0
2.3 2.3 0.5 0.5
*** *** 0.4 0.4
6.3 6.3 1.0 1.0
4.1 4.1 -0.6 -0.6
(参考) (cf)
1.6 1.6 *** ***
1.4 1.3 *** ***
1.7 1.7 *** ***※1 : Changes from the previous year
※2 : Contributions to changes in GDP
※3 : 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※4 : 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
純輸出の寄与度は輸出と輸入の寄与度の差によって求めている。
The contribution is calculated as the contribution of Exports less that of Imports.
民 間 最 終 消 費 支 出 Private Consumption
国 内 総 生 産 ( G D P )
年
項 目
前 年 比 ※1 寄 与 度 (対GDP) ※2
Gross Domestic Product
国 内 需 要 Domestic Demand
民 間 需 要 Private Demand
2017年度(Fiscal Year)
家 計 最 終 消 費 支 出 Consumption of Households
民 間 住 宅 Private Residential Investment
民 間 企 業 設 備 Private Non-Resi. Investment
( 再 掲 ) 総 固 定 資 本 形 成 ※ 3(Regrouped) Gross Fixed Capital
Formation ※3
財 貨 ・ サ ー ビ ス の 純 輸 出 ※ 4Net Exports of Goods & Services
※4
民 間 在 庫 変 動 Change in Private Inventories
公 的 在 庫 変 動
公 的 需 要 Public Demand
Government Consumption
Public Investment
政 府 最 終 消 費 支 出
公 的 固 定 資 本 形 成
Change in Public Inventories
財 貨 ・ サ ー ビ ス の 輸 出 Exports of Goods & Services
( 控 除 ) 財 貨 ・ サ ー ビ ス の 輸 入 (Less) Imports of Goods & Services
雇 用 者 報 酬 Compensation of Employees
国 民 総 所 得 ( G N I ) Gross National Income
最 終 需 要Final Sales of
Domestic Product
― 45 ―
Released: 2018.9.10
2-2.1次速報値と2次速報値の比較(年度値、名目、前年比)Comparison of the First Preliminary and the Second Preliminary Estimates(Annual Nominal Growth Rate, Fiscal Year)
(単位:%) (%)
1次速報値(2018.8.10公表)
2次速報値1次速報値
(2018.8.10公表)2次速報値
1st Prelim. 2nd Prelim. 1st Prelim. 2nd Prelim.
1.7 1.7 *** ***
1.8 1.8 1.8 1.8
1.9 1.9 1.4 1.4
1.2 1.2 0.7 0.7
1.2 1.1 0.6 0.6
除 く 持 ち 家 の帰 属 家 賃 1.4 1.4 0.6 0.6 Excluding
Imputed Rent
1.6 1.5 0.0 0.0
4.0 4.0 0.6 0.6
*** *** 0.1 0.1
1.7 1.7 0.4 0.4
1.3 1.3 0.2 0.2
3.2 3.2 0.2 0.2
*** *** 0.0 0.0
3.5 3.5 0.8 0.8
*** *** -0.1 -0.1
10.4 10.4 1.7 1.7
11.7 11.7 -1.8 -1.8
(参考1) (cf)
1.6 1.6 *** ***
2.0 2.0 *** ***
2.3 2.3 *** ***
※1 : Changes from the previous year
※2 : Contributions to changes in GDP
※3 : 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※4 : 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
(参考2) (cf)
0.1 0.1 *** *** GDP Deflator
0.6 0.6 *** ***国 内 需 要 デ フ レ ー タ ー Domestic Demand Deflator
財 貨 ・ サ ー ビ ス の 輸 出 Exports of Goods & Services
( 控 除 ) 財 貨 ・ サ ー ビ ス の 輸 入 (Less) Imports of Goods & Services
雇 用 者 報 酬 Compensation of Employees
国 民 総 所 得 ( G N I ) Gross National Income
最 終 需 要Final Sales of
Domestic Product
G D P デ フ レ ー タ ー
Government Consumption
Change in Public Inventories
( 再 掲 ) 総 固 定 資 本 形 成 ※ 3(Regrouped) Gross Fixed Capital
Formation ※3
財 貨 ・ サ ー ビ ス の 純 輸 出 ※ 4Net Exports of Goods & Services
※4
公 的 在 庫 変 動
Private Non-Resi. Investment
民 間 在 庫 変 動 Change in Private Inventories
公 的 需 要 Public Demand
年
項 目
前 年 比 ※1 寄 与 度 (対GDP) ※2
2017年度(Fiscal Year)
民 間 最 終 消 費 支 出 Private Consumption
Public Investment
国 内 総 生 産 ( G D P ) Gross Domestic Product
国 内 需 要 Domestic Demand
民 間 需 要 Private Demand
政 府 最 終 消 費 支 出
公 的 固 定 資 本 形 成
家 計 最 終 消 費 支 出 Consumption of Households
民 間 住 宅 Private Residential Investment
民 間 企 業 設 備
― 46 ―
3-1.四半期別の実質成長率(季節調整系列)Quarterly Real Growth Rate (Seasonally Adjusted Series, Quarter-to-Quarter)
前期比の年率換算 ※2
(2011暦年連鎖価格; 単位:%) (Chained (2011) Yen ; %)
年 ・ 期2018
項 目 4~6 7~9 10~12 1~3 4~6
0.5 0.6 0.2 -0.2 0.7 *** 3.0
[2.0] [2.3] [0.9] [-0.9] [3.0] *** ***
0.8 0.0 0.4 -0.3 0.9 *** 3.5
(0.8) (0.0) (0.4) (-0.3) *** (0.9) ***
0.6 0.2 0.5 -0.4 1.1 (0.8) 4.5
0.8 -0.7 0.3 -0.2 0.7 (0.4) 2.9 Private Consumption
0.8 -0.7 0.3 -0.2 0.7 (0.4) 2.9
除く持ち家の帰属家賃 0.9 -0.9 0.3 -0.3 0.8 (0.4) 3.2 Excluding Imputed Rent
1.3 -1.4 -3.0 -2.5 -2.4 (-0.1) -9.3 Private Residential Investment
0.2 1.3 0.9 0.7 3.1 (0.5) 12.8 Private Non-Resi. Investment
(-0.1) (0.4) (0.2) (-0.2) *** (0.0) ***
1.4 -0.5 -0.1 -0.1 0.2 (0.0) 0.7
0.4 0.1 0.1 0.0 0.2 (0.0) 0.8
5.3 -2.8 -0.6 -0.4 0.0 (0.0) 0.1 Public Investment
(0.0) (0.0) (-0.0) (-0.0) *** (0.0) ***
1.4 0.1 0.0 0.0 1.7 (0.4) 7.2
(-0.3) (0.6) (-0.1) (0.1) *** (-0.1) ***
0.2 2.1 2.1 0.6 0.2 (0.0) 0.9
1.9 -1.5 3.3 0.2 0.9 (-0.2) 3.8
(注) ( )内は国内総生産に対する寄与度
Note: The figures in ( )indicate contributions to changes in GDP
(参考1) (cf)
0.6 0.2 0.1 -0.0 0.7 *** 3.0
0.6 0.6 0.0 -0.5 0.7 *** 2.9
0.5 0.8 -0.0 -0.7 1.0 *** 4.0
0.6 0.7 -0.2 1.2 1.8 *** ***
(参考2)四半期別GDP成長率(前期比※1)の新旧比較 (cf)
(2011暦年連鎖価格; 単位:%) (Chained (2011) Yen ; %)
4~6 7~9 10~12 1~3 4~6
新(2次速報値) 0.5 0.6 0.2 -0.2 0.7 Second Preliminary
[年率] [2.0] [2.3] [0.9] [-0.9] [3.0] [Annual rate]
旧(1次速報値) 0.5 0.6 0.2 -0.2 0.5 First Preliminary
[年率] [2.1] [2.3] [0.8] [-0.9] [1.9] [Annual rate]
※1 Changes from the previous quarter (seasonally adjusted)
※2 Annualized
※3 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※4 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
純輸出の寄与度は輸出と輸入の寄与度の差によって求めている。
The contribution is calculated as the contribution of Exports less that of Imports.
[Annual rate]
(Less) Imports of Goods & Services
Domestic Demand
民 間 最 終 消 費 支 出
2017 2018
Released: 2018.9.10
前期比(季節調整済) ※1
Change in Public Inventories
(Regrouped) Gross Fixed CapitalFormation ※3
Gross Domestic Product
Change in Private Inventories
Consumption of Households
Private Demand
2017 2018
4~6
公 的 需 要
政 府 最 終 消 費 支 出
Compensation of Employees
Gross Domestic Income
Gross National Income
Government Consumption
Net Exports of Goods & Services※4
Exports of Goods & Services
Final Sales ofDomestic Product
公 的 固 定 資 本 形 成
Public Demand
国 内 総 生 産 ( G D P )
民 間 企 業 設 備
民 間 在 庫 変 動
民 間 住 宅
家 計 最 終 消 費 支 出
民 間 需 要
[年 率 換 算]
国 内 需 要
雇 用 者 報 酬
財貨・サービスの純輸出 ※4
(控除)財貨・サービスの輸入
財 貨 ・ サ ー ビ ス の 輸 出
公 的 在 庫 変 動
( 再 掲 ) 総 固 定 資 本 形 成 ※ 3
最 終 需 要
国 民 総 所 得 ( G N I )
国 内 総 所 得 ( G D I )
― 47 ―
3-2.四半期別の実質成長率(原系列)Quarterly Real Growth Rate (Original Series, Year-over-Year)
(2011暦年連鎖価格; 単位:%) (Chained (2011) Yen ; %)
年 ・ 期
項 目 4~6 7~9 10~12 1~3
1.6 2.0 2.0 1.0 1.3 ***
1.1 1.3 1.7 0.8 0.9 ***
(1.1) (1.3) (1.7) (0.8) *** (0.9)
1.0 1.5 2.0 0.8 1.4 (1.0)
1.8 0.6 1.0 0.1 0.2 (0.1) Private Consumption
1.7 0.6 1.0 0.1 0.1 (0.1)
除く持ち家の帰属家賃 1.8 0.4 0.9 -0.1 -0.1 (-0.0) Excluding Imputed Rent
5.7 1.4 -2.4 -5.8 -8.9 (-0.3) Private Residential Investment
2.7 3.8 3.2 2.9 6.4 (0.9) Private Non-Resi. Investment
(-0.7) (0.2) (0.5) (0.3) *** (0.3)
1.4 0.6 1.0 0.6 -0.4 (-0.1)
0.9 0.6 0.8 0.5 0.3 (0.1)
3.7 0.4 1.2 1.0 -3.3 (-0.1) Public Investment
(0.0) (0.0) (0.0) (-0.0) *** (0.0)
3.3 2.8 2.0 1.4 2.2 (0.5)
(0.4) (0.7) (0.3) (0.2) *** (0.4)
6.8 6.9 6.5 5.1 5.0 (0.9)
4.3 2.7 5.3 3.9 2.9 (-0.5)
(注) ( )内は国内総生産に対する寄与度
Note: The figures in ( )indicate contributions to changes in GDP
(参考1) (cf)
2.4 1.8 1.4 0.8 1.0 ***
0.9 1.5 1.4 0.7 0.8 ***
1.0 2.0 1.8 0.5 1.0 ***
2.0 1.7 1.2 2.0 3.6 ***
(参考2)四半期別GDP成長率(前年同期比※1)の新旧比較 (cf)
(2011暦年連鎖価格; 単位:%) (Chained (2011) Yen ; %)
4~6 7~9 10~12 1~3 4~6
新(2次速報値) 1.6 2.0 2.0 1.0 1.3
旧(1次速報値) 1.6 2.0 2.0 1.0 1.0
※1 Changes from the previous year
※2 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※3 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
純輸出の寄与度は輸出と輸入の寄与度の差によって求めている。
The contribution is calculated as the contribution of Exports less that of Imports.
2017 2018
民 間 住 宅
Released: 2018.9.10
前年同期比※1
民 間 需 要 Private Demand
民 間 最 終 消 費 支 出
国 内 総 生 産 ( G D P ) Gross Domestic Product
国 内 需 要 Domestic Demand
家 計 最 終 消 費 支 出 Consumption of Households
2017 2018
4~6
Public Demand
Government Consumption
民 間 企 業 設 備
民 間 在 庫 変 動
公 的 需 要
政 府 最 終 消 費 支 出
Change in Private Inventories
国 民 総 所 得 ( G N I )
Second Preliminary
First Preliminary
Change in Public Inventories
Exports of Goods & Services
Gross National Income
(Regrouped) Gross Fixed CapitalFormation ※2
Gross Domestic Income
公 的 在 庫 変 動
雇 用 者 報 酬 Compensation of Employees
(控除)財貨・サービスの輸入 (Less) Imports of Goods & Services
国 内 総 所 得 ( G D I )
最 終 需 要Final Sales of
Domestic Product
公 的 固 定 資 本 形 成
( 再 掲 ) 総 固 定 資 本 形 成 ※ 2
財貨・サービスの純輸出 ※3Net Exports of Goods & Services
※3
財 貨 ・ サ ー ビ ス の 輸 出
― 48 ―
3-3.四半期別の名目成長率(季節調整系列)Quarterly Nominal Growth Rate (Seasonally Adjusted Series, Quarter-to-Quarter)
前期比の年率換算
※2
(単位:%) (%)
年 ・ 期2018
項 目 4~6 7~9 10~12 1~3 4~6
0.8 0.8 0.3 -0.4 0.7 *** 2.8
[3.1] [3.2] [1.2] [-1.5] [2.8] *** ***
0.9 0.1 0.7 -0.2 0.9 *** 3.5
(0.9) (0.1) (0.7) (-0.2) *** (0.8) ***
0.7 0.3 0.9 -0.3 1.0 (0.8) 4.2
0.8 -0.7 0.9 -0.1 0.3 (0.2) 1.2 Private Consumption
0.8 -0.7 0.9 -0.1 0.3 (0.2) 1.2
除く持ち家の帰属家賃 1.0 -0.9 1.0 -0.1 0.3 (0.2) 1.4 Excluding Imputed Rent
1.4 -0.7 -2.6 -2.0 -1.8 (-0.1) -6.9 Private Residential Investment
0.5 1.6 0.8 0.9 3.7 (0.6) 15.8 Private Non-Resi. Investment
(-0.0) (0.4) (0.2) (-0.2) *** (0.1) ***
1.6 -0.3 0.0 0.1 0.3 (0.1) 1.1
0.7 0.2 0.1 0.1 0.2 (0.0) 0.7
5.2 -2.1 -0.3 0.2 0.6 (0.0) 2.5 Public Investment
(0.0) (0.0) (0.0) (-0.0) *** (0.0) ***
1.6 0.5 0.1 0.3 2.4 (0.6) 9.9
(-0.2) (0.7) (-0.4) (-0.2) *** (-0.2) ***
-0.5 3.2 2.9 0.2 0.5 (0.1) 2.1
0.4 -0.6 5.5 1.4 1.4 (-0.2) 5.8
(注) ( )内は国内総生産に対する寄与度
Note: The figures in ( )indicate contributions to changes in GDP(参考1) (cf)
0.8 0.4 0.1 -0.1 0.6 *** 2.5
0.7 0.9 0.3 -0.6 1.0 *** 4.0
0.7 0.7 0.4 1.4 1.4 *** ***
0.3 0.2 0.1 -0.2 -0.0 *** ***
0.1 0.1 0.3 0.1 -0.0 *** ***
(参考2)四半期別GDP成長率(前期比※1)の新旧比較 (cf)(単位:%) (%)
4~6 7~9 10~12 1~3 4~6
新(2次速報値) 0.8 0.8 0.3 -0.4 0.7 Second Preliminary
[年率] [3.1] [3.2] [1.2] [-1.5] [2.8] [Annual rate]
旧(1次速報値) 0.8 0.8 0.3 -0.4 0.4 First Preliminary
[年率] [3.2] [3.2] [1.1] [-1.5] [1.7] [Annual rate]
※1 Changes from the previous quarter (seasonally adjusted)
※2 Annualized
※3 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※4 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
2017 2018
4~6
2017 2018
GDP Deflator
Domestic Demand Deflator
Compensation of Employees
Gross National Income
[Annual rate]
Domestic Demand
Public Demand
(Regrouped) Gross Fixed CapitalFormation ※3
Change in Private Inventories
民 間 需 要
国 内 需 要
民 間 最 終 消 費 支 出
[年 率 換 算]
財貨・サービスの純輸出 ※4
民 間 在 庫 変 動
公 的 需 要
民 間 住 宅
公 的 固 定 資 本 形 成
G D P デ フ レ ー タ ー
国 内 需 要 デ フ レ ー タ ー
Released: 2018.9.10
前期比(季節調整済)
※1
国 内 総 生 産 ( G D P ) Gross Domestic Product
( 再 掲 ) 総 固 定 資 本 形 成 ※ 3
家 計 最 終 消 費 支 出
民 間 企 業 設 備
Private Demand
財 貨 ・ サ ー ビ ス の 輸 出
雇 用 者 報 酬
国 民 総 所 得 ( G N I )
(控除)財貨・サービスの輸入
政 府 最 終 消 費 支 出
公 的 在 庫 変 動
最 終 需 要Final Sales of
Domestic Product
Consumption of Households
Net Exports of Goods & Services※4
Government Consumption
Change in Public Inventories
(Less) Imports of Goods & Services
Exports of Goods & Services
― 49 ―
3-4.四半期別の名目成長率(原系列)Quarterly Nominal Growth Rate (Original Series, Year-over-Year)
(単位:%) (%)
年 ・ 期
項 目 4~6 7~9 10~12 1~3
1.2 2.1 2.0 1.5 1.4 ***
1.5 1.8 2.3 1.7 1.5 ***
(1.5) (1.8) (2.3) (1.7) *** (1.5)
1.3 1.9 2.5 1.8 1.9 (1.4)
1.8 0.8 1.3 0.9 0.4 (0.2) Private Consumption
1.7 0.7 1.3 0.8 0.3 (0.2)
除く持ち家の帰属家賃 2.0 0.8 1.5 1.0 0.4 (0.2) Excluding Imputed Rent
7.5 3.7 -0.6 -4.1 -6.9 (-0.2) Private Residential Investment
3.2 4.8 4.1 3.7 7.5 (1.1) Private Non-Resi. Investment
(-0.7) (0.2) (0.5) (0.3) *** (0.3)
2.1 1.5 1.7 1.4 0.2 (0.1)
1.4 1.2 1.3 1.1 0.5 (0.1)
5.3 2.5 2.9 2.5 -1.1 (-0.0) Public Investment
(0.0) (0.0) (0.0) (-0.0) *** (-0.0)
4.2 4.2 3.2 2.5 3.7 (0.8)
(-0.3) (0.3) (-0.3) (-0.1) *** (-0.1)
10.5 14.4 11.7 5.5 7.0 (1.2)
12.9 13.4 14.2 6.7 7.9 (-1.3)
(注) ( )内は国内総生産に対する寄与度
Note: The figures in ( )indicate contributions to changes in GDP
(参考1) (cf)
1.9 1.9 1.5 1.2 1.0 ***
1.4 2.6 2.4 1.4 1.6 ***
2.2 2.2 1.9 3.1 4.1 ***
-0.3 0.1 0.1 0.5 0.1 *** GDP Deflator
0.4 0.5 0.6 0.9 0.5 ***
(参考2)四半期別GDP成長率(前年同期比※1)の新旧比較 (cf)(単位:%) (%)
4~6 7~9 10~12 1~3 4~6
新(2次速報値) 1.2 2.1 2.0 1.5 1.4
旧(1次速報値) 1.2 2.1 2.0 1.5 1.1
※1 Changes from the previous year
※2 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※3 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
公 的 固 定 資 本 形 成
(Less) Imports of Goods & Services
4~6
2017 2018
国 内 需 要 デ フ レ ー タ ー
雇 用 者 報 酬
公 的 需 要
(控除)財貨・サービスの輸入
財貨・サービスの純輸出 ※3
G D P デ フ レ ー タ ー
財 貨 ・ サ ー ビ ス の 輸 出
公 的 在 庫 変 動
( 再 掲 ) 総 固 定 資 本 形 成 ※ 2
政 府 最 終 消 費 支 出
国 民 総 所 得 ( G N I )
2018
Second Preliminary
First Preliminary
Government Consumption
(Regrouped) Gross Fixed CapitalFormation ※2
Domestic Demand Deflator
Final Sales ofDomestic Product
Private Demand
Change in Public Inventories
Gross National Income
Compensation of Employees
Public Demand
Net Exports of Goods & Services※3
Exports of Goods & Services
最 終 需 要
Released: 2018.9.10
前年同期比※1
民 間 在 庫 変 動
国 内 総 生 産 ( G D P ) Gross Domestic Product
Domestic Demand
民 間 需 要
民 間 最 終 消 費 支 出
家 計 最 終 消 費 支 出 Consumption of Households
国 内 需 要
民 間 住 宅
民 間 企 業 設 備
Change in Private Inventories
2017
― 50 ―
4-1. 年次別の実質成長率Annual Real Growth Rate
(2011暦年連鎖価格; 単位:%) (Chained (2011) Yen ; %)
年
項 目 2015 2016 2016
1.4 1.2 1.6 *** 1.0 1.7 ***
1.3 0.4 1.2 *** 0.4 1.2 ***
(1.4) (0.4) *** (1.2) (0.4) *** (1.2)
1.4 0.4 1.3 (1.0) 0.2 1.4 (1.0)
0.8 0.3 0.8 (0.5) 0.1 1.0 (0.6) Private Consumption
0.6 0.1 0.8 (0.4) -0.1 1.0 (0.5) Consumption of Households
除く持ち家の帰属家賃 0.4 -0.1 0.7 (0.3) -0.4 0.9 (0.4) Excluding Imputed Rent
3.7 6.2 -0.4 (-0.0) 5.7 2.7 (0.1) Private Residential Investment
2.3 1.2 3.1 (0.5) 0.6 2.9 (0.4) Private Non-Resi. Investment
(0.2) (-0.3) *** (0.1) (-0.2) *** (-0.1)
1.1 0.6 0.9 (0.2) 1.0 0.6 (0.1)
1.9 0.5 0.7 (0.1) 1.3 0.4 (0.1)
-1.6 0.9 1.4 (0.1) -0.1 1.2 (0.1) Public Investment
(-0.0) (-0.0) *** (0.0) (-0.0) *** (0.0)
1.6 1.8 2.3 (0.5) 1.1 2.5 (0.6)
(0.1) (0.8) *** (0.4) (0.6) *** (0.6)
0.8 3.6 6.3 (1.0) 1.7 6.7 (1.1)
0.4 -0.8 4.1 (-0.6) -1.6 3.4 (-0.5)
(注) ( )内は国内総生産に対する寄与度 Note: The figures in ( )indicate contributions to changes in GDP
(参考) (cf)
1.3 1.5 1.6 *** 1.2 1.8 ***
2.8 1.5 1.1 *** 1.8 1.1 ***
3.0 1.1 1.3 *** 1.3 1.4 ***
1.4 2.7 1.7 *** 3.1 1.5 ***
※1 Changes from the previous year
※2 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※3 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
純輸出の寄与度は輸出と輸入の寄与度の差によって求めている。
The contribution is calculated as the contribution of Exports less that of Imports.
Released: 2018.9.10
国 内 総 生 産 ( G D P )
民 間 企 業 設 備
Domestic Demand
公 的 固 定 資 本 形 成
民 間 在 庫 変 動
Private Demand
前年比※1
民 間 最 終 消 費 支 出
Public Demand
政 府 最 終 消 費 支 出
年 度(Fiscal Year) 暦 年(Calendar Year)
2017 2017
Gross Domestic Income
( 控除 )財貨・サービスの輸入
( 再 掲 ) 総 固 定 資 本 形 成 ※ 2
国 民 総 所 得 ( G N I )
Compensation of Employees
財 貨 ・ サ ー ビ ス の 輸 出
雇 用 者 報 酬
国 内 総 所 得 ( G D I )
(Less) Imports of Goods & Services
Gross National Income
Net Exports of Goods & Services※3
(Regrouped) Gross Fixed CapitalFormation ※2
財 貨 ・ サ ー ビ ス の 純 輸 出 ※ 3
Exports of Goods & Services
最 終 需 要Final Sales of
Domestic Product
公 的 在 庫 変 動 Change in Public Inventories
Gross Domestic Product
民 間 需 要
民 間 住 宅
Government Consumption
国 内 需 要
家 計 最 終 消 費 支 出
Change in Private Inventories
公 的 需 要
― 51 ―
4-2. 年次別の名目成長率Annual Nominal Growth Rate
(単位:%) (%)
年
項 目 2015 2016 2016
3.0 1.0 1.7 *** 1.2 1.5 ***
1.3 -0.1 1.8 *** -0.2 1.6 ***
(1.4) (-0.1) *** (1.8) (-0.2) *** (1.5)
1.5 -0.2 1.9 (1.4) -0.5 1.7 (1.2)
0.7 -0.2 1.2 (0.7) -0.5 1.2 (0.6) Private Consumption
0.5 -0.3 1.1 (0.6) -0.6 1.1 (0.6) Consumption of Households
除く持ち家の帰属家賃 0.6 -0.4 1.4 (0.6) -0.7 1.3 (0.6) Excluding Imputed Rent
3.5 5.9 1.5 (0.0) 4.9 4.4 (0.1) Private Residential Investment
2.7 0.5 4.0 (0.6) -0.3 3.5 (0.5) Private Non-Resi. Investment
(0.2) (-0.3) *** (0.1) (-0.2) *** (-0.1)
1.0 0.3 1.7 (0.4) 0.7 1.2 (0.3)
1.6 0.2 1.3 (0.2) 1.1 0.8 (0.1)
-1.1 0.6 3.2 (0.2) -0.9 2.8 (0.1) Public Investment
(-0.0) (-0.0) *** (0.0) (-0.0) *** (0.0)
2.0 1.2 3.5 (0.8) 0.2 3.5 (0.8)
(1.6) (1.1) *** (-0.1) (1.4) *** (-0.0)
-0.6 -3.1 10.4 (1.7) -6.9 11.2 (1.8)
-8.8 -9.3 11.7 (-1.8) -14.6 12.2 (-1.9)
(注) ( )内は国内総生産に対する寄与度 Note: The figures in ( )indicate contributions to changes in GDP
(参考) (cf)
2.8 1.3 1.6 *** 1.4 1.6 ***
3.1 0.6 2.0 *** 0.7 1.8 ***
1.5 2.4 2.3 *** 2.7 1.9 ***
1.5 -0.2 0.1 *** 0.3 -0.2 *** GDP Deflator
0.0 -0.5 0.6 *** -0.5 0.4 ***
※1 Changes from the previous year※2 総固定資本形成は民間住宅、民間企業設備、公的固定資本形成から成る。
Gross Fixed Capital Formation consists of Private Residential Investment, Private Non-Resi. Investment and Public Investment.
※3 財貨・サービスの純輸出=財貨・サービスの輸出-財貨・サービスの輸入
Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services
(Less) Imports of Goods & Services
国 民 総 所 得 ( G N I ) Gross National Income
民 間 住 宅
公 的 在 庫 変 動
( 再 掲 ) 総 固 定 資 本 形 成 ※ 2
Government Consumption
民 間 企 業 設 備
Change in Private Inventories
Change in Public Inventories
最 終 需 要Final Sales of
Domestic Product
国 内 需 要 デ フ レ ー タ ー Domestic Demand Deflator
民 間 在 庫 変 動
財 貨 ・ サ ー ビ ス の 純 輸 出 ※ 3
財 貨 ・ サ ー ビ ス の 輸 出 Exports of Goods & Services
Net Exports of Goods & Services※3
Compensation of Employees
公 的 固 定 資 本 形 成
Public Demand
G D P デ フ レ ー タ ー
雇 用 者 報 酬
(控除)財貨・サービスの輸入
(Regrouped) Gross Fixed CapitalFormation ※2
公 的 需 要
政 府 最 終 消 費 支 出
Released: 2018.9.10
前年比※1
国 内 総 生 産 ( G D P ) Gross Domestic Product
家 計 最 終 消 費 支 出
Private Demand
Domestic Demand国 内 需 要
民 間 需 要
民 間 最 終 消 費 支 出
年 度(Fiscal Year) 暦 年(Calendar Year)
2017 2017
― 52 ―
B. Monthly Economic ReportSeptember 2018
Provisional translation
Cabinet Office 14 September 2018
Executive Summary
Assessment of the current state of the Japanese economy
The Japanese economy is recovering at a moderate pace.
• Private consumption is picking up.• Business investment is increasing.• Exports are pausing recently.• Industrial production is increasing moderately.• Corporate profits are improving. Firms' judgment on current business conditions is
almost flat.• The employment situation is improving steadily.• Consumer prices are rising at a slower tempo recently.
Concerning short-term prospects, the economy is expected to continue recovering, supported by the effects of the policies, while employment and income situation is improving. However, attention should be given to the effects of situations over trade issues on the world economy, the uncertainty in overseas economies and the effects of fluctuations in the financial and capital markets. Furthermore, sufficient attention should be given to the economic impacts by the successive natural disasters.
Policy stance
The Government will make its utmost efforts to ensure the economy overcomes deflation and achieve economic revitalization and fiscal consolidation simultaneously, in addition to make effort toward the reconstruction and revitalization from the Great East Japan Earthquake and the restoration and reconstruction from the 2016 Kumamoto Earthquake. To this end, the Government steadily implements the "Basic Policies for Economic and Fiscal Management and Reform 2018", the "Growth Strategy 2018", the "Regulatory Reform Work Plan", the "Basic Policies for Overcoming Population Decline and Vitalizing Local Economy in Japan 2018", and the "Japan's Plan for the Dynamic Engagement of All Citizens". Moreover, in order to tackle the enormous challenge of the declining birthrate and aging population by promoting Supply System Innovation and Human Resources Development Revolution as two wheels of a cart, the Government will steadily implements the "New Economic Policy Package" and the "Basic Design for Human Resources Development Revolution". And the Government will smoothly enforce the Act on Arrangement of Relevant Act on Promoting the Work Style Reform. In addition, the Government implements the FY2017 supplementary budget and the FY2018 budget swiftly and steadily.
The Government will exert every effort for the provision of support for the daily lives of those affected by the successive natural disasters and the restoration and reconstruction of the affected areas.
The Government continuously pursues to expand the economic virtuous cycles which cover local areas, SMEs and small-scale businesses, through directing growing corporate profits towards investment, wage increase and further improvement in the employment situation.
― 53 ―
The Government expects the Bank of Japan to achieve the price stability target of two percent in light of economic activity and prices.
Detailed explanations
1. Demand trends such as consumption and investment.
Private consumption is picking up.
Private consumption is picking up. Real wage income of employees is increasing moderately.Consumer confidence has been in a weak tone recently.
The Synthetic Consumption Index, which synthesizes demand-side statistics (Family Income and Expenditure Survey, etc.) and supply-side statistics (Indices of Industrial Producer's Shipments, etc.), increased by 0.8% in July from the previous month. Concerning short-term prospects, consumption is expected to continue to pick up, supported by the improvement in the employment and income situations.
Business investment is increasing.
Business investment is increasing. The Quarterly Financial Statements Statistics of Corporations by Industry (April-June survey) show that business investment increased in the April-June quarter of 2018 by 6.9% from the previous quarter. By industry, business investment increased for manufacturers by 11.0% from the previous quarter, and increased for non-manufacturers by 4.7%. Capital Goods Shipments and Imports, supply-side statistics, are picking up.
According to the Short-Term Economic Survey of Enterprises in Japan (Tankan) (June survey) and the Business Outlook Survey (July September survey) planned business investment for all industries in fiscal year 2018 is expected to increase. In Tankan, firms' judgment on production capacity indicates their sense of shortage. The figures for Orders Received for Machinery, a leading indicator, are picking up.
As for short-term prospects, business investment is expected to continue increasing, mainly reflecting the improvement of corporate profits and actions in growth sectors.
Housing construction is almost flat.
Housing construction is almost flat. Construction of owned houses, houses for rent, and houses for sale is almost flat. In addition, the total number of sales of condominiums in the Tokyo metropolitan area is in a weak tone.
As for short-term prospects, housing construction is expected to remain flat for the time being.
Public investment holds firm.
Public investment holds firm. With a high level of public construction work remained, the amount of public construction completed in June decreased by 0.2% from the previous month,
― 54 ―
the amount of contracted public works in August increased by 1.3% from the previous month, and the amount of public works orders received in July decreased by 11.8% from the previous year.
As for short-term prospects, public investment, partly due to the effect of the supplementary budget, is expected to show steady performance.
Exports are pausing recently. Imports are pausing recently. The surplus in the balance of goods and services is on a decreasing trend.
Exports are pausing recently. By region, exports to Asia are pausing recently. Exports to the U.S., EU and other regions are almost flat. As for short-term prospects, exports are expected to pick up, mainly reflecting the moderate recovery of overseas economies.
Imports are pausing recently. By region, imports from Asia are pausing recently. Imports from the U.S. and EU are almost flat. As for short-term prospects, imports are expected to pick up.
The surplus in the balance of goods and services is on a decreasing trend.
The surplus in the balance of trade in July decreased, as export values increased to a smaller extent import values. The deficit in the balance of services decreased.
2. Corporate activities and employment
Industrial production is increasing moderately.
Industrial production is increasing moderately. The Indices of Industrial Production decreased by 0.1% from the previous month in July. The Indices of Industrial Inventories decreased by 0.2% from the previous month in July. The Survey of Production Forecast in Manufacturing expects an increase of 5.6% in August, and an increase of 0.5% in September.
By industry, transport equipment is pausing recently General-purpose, production and business oriented machinery have a pause observed in their movements of growth. Electronic parts and devices are increasing moderately.
As for short-term prospects, production is expected to continue to increase moderately reflecting the moderate recovery of overseas economies.
Corporate profits are improving. Firms' judgment on current business conditions is almost flat. The number of corporate bankruptcies is almost flat.
Corporate profits are improving. According to the Quarterly Financial Statement Statistics of Corporations by Industry (April-June survey), current profits during the April-June quarter of 2018 increased by 17.9% from the previous year, and by 16.9% from the previous year. By size of company, large and medium –size companies saw an increase of 23.1% from the previous year, and small companies saw an increase of 2.1%. According to the BOJ Tankan (June survey), in fiscal year 2018, sales are expected to increase by 2.2% in the first half of the year, and are expected to increase by 0.9% in the second half from the previous year. Current profits are expected to decrease by 9.1% in the first half, and decrease by 0.9% in the second half from the previous year.
Firms' judgment on current business conditions is almost flat. The Tankan (June survey)
― 55 ―
revealed that firms' judgment on current business conditions was almost flat for all enterprises in all industries. Firms' judgment on future business conditions, which indicates the business condition as of September, becomes more cautious than that on current business conditions. According to the corporate activity-related DI of the Economy Watchers Survey (Augut survey), current and prospective business conditions both rose.
The number of corporate bankruptcies is almost flat.
The employment situation is improving steadily.
The employment situation is improving steadily. Meanwhile, the sense of a labor shortage is at a high level. The total unemployment rate was 2.5% in Junly, an increase of 0.1 percentage points from the previous month. The labor force, the number of employed persons, and the number of unemployed persons increased.
The number of employees has been increasing. The number of new job offers is almost flat. The effective ratio of job offers to applicants is increasing. Overtime hours worked in the manufacturing industry are almost flat.
As for the movement of wages, contractual cash earnings and the total amount of cash earnings are increasing moderately.
According to the BOJ Tankan (June survey), firms' judgment on current employment conditions shows that the labor shortage remained severe.
As for short-term prospects, the employment situation is expected to improve steadily.
3. Prices and the financial market
Producer prices are rising moderately. Consumer prices are rising at a slower tempo recently.
Producer prices are rising moderately.
Consumer prices, in terms of general, excluding fresh food and energy, are rising at a slower tempo recently.
According to the Monthly Consumer Confidence Survey (multi-person households), the ratio of households which forecast a rise in prices was 81.6% in August, an increase of 0.1 percentage points from the previous month.
As for short-term prospects, consumer prices (general, excluding fresh food and energy) are expected to start rising moderately.
As for stock prices, after declining from the 22,800-yen level to the 22,300-yen level, the Nikkei Stock Average rose to the 22,600-yen level. The yen against the U.S. dollar (inter-bank spot rate), after moving in the direction of appreciation from the 111-yen level to the 110-yen level, moved in the direction of depreciation to the 111-yen level.
― 56 ―
Main Economic Indicators of Japan
September 2018
Policy Planning & Research Division, Minister's Secretariat,Ministry of Finance
Note ;
Percentage changes is compared with theprevious period (month).
Percentage changes is compared with the sameperiod (month) of the previous year.
Seasonally Adjusted.
Not seasonally Adjusted.
Nominal value or current price.
Real value.
〔Public Finance・Money Market〕
Ratio ofActualReve-nueto Budget
IncomeTax
CorporationTax
★
par annum
%daily inte-rest(sen)
CY * 1970 -445.9 7,295.8 100.8 2,428.2 2,567.2 5,556.0 18.6 17.5 - - -744.7 -486.5 -1,254.0 1,335.2 81.2 3,800.9 15.6 3,947.9 15.5 - 1,693.2 7.693 2,066CY * 1975 -2,125.0 13,752.7 102.2 5,482.3 4,127.9 12,617.1 13.6 19.5 18.8 - -949.3 2,401.0 759.3 -1,207.8 -448.5 8,551.2 17.6 8,876.7 17.6 - 1,967.5 8.513 -CY * 1980 -2,860.3 26,868.7 99.0 10,799.6 8,922.7 19,347.2 7.0 2.6 9.2 - -278.6 1,944.2 764.4 291.1 1,055.5 14,188.3 8.1 13,647.4 7.2 - 3,257.5CY * 1985 4,652.7 38,198.8 100.1 15,435.0 12,020.7 25,474.3 6.1 5.0 8.4 9.4 -1,018.4 -4,282.1 -5,016.4 4,900.8 -115.6 21,740.5 10.0 26,779.4 12.0 9.063 5,045.5CY * 1990 2,152.5 60,105.9 101.6 25,995.5 18,383.6 39,797.8 8.9 2.6 11.7 9.6 -2,377.8 3,636.5 2,585.5 -1,847.0 738.5 46,817.5 8.9 44,330.4 7.5 8.344 26,426.8CY * 1995 17,650.3 51,930.8 102.5 19,515.1 13,735.4 46,244.0 5.3 8.2 3.0 3.8 -3,363.6 -5,487.4 -8,851.0 9,331.1 480.1 47,002.2 3.6 48,635.6 1.3 0.460 41,983.2CY * 2000 34,467.4 50,712.5 101.6 18,788.9 11,747.2 63,397.2 7.4 8.2 2.1 3.1 2,007.5 -26,214.5 -24,207.0 8,878.6 -15,328.4 48,217.5 -0.9 46,391.6 -1.0 0.200 23,225.8CY 2002 64,513.4 43,833.2 99.0 14,812.2 9,523.4 75,471.8 13.1 27.6 3.3 0.5 -6,467.5 -68,004.0 -74,471.5 78,418.6 3,947.1 50,163.0 3.2 43,164.2 -3.7 0.002 15,686.7CY 2003 35,850.5 43,282.4 103.6 13,914.6 10,115.2 76,909.6 5.5 8.2 1.7 0.5 -1,437.7 -39,876.0 -41,313.7 51,781.7 10,468.0 51,167.5 2.0 41,385.3 -4.1 0.001 16,045.4CY 2004 65,317.5 45,589.0 103.5 14,670.5 11,443.7 77,956.4 2.0 - - 2.3 -1,046.7 -62,125.8 -63,172.5 66,320.2 3,147.7 51,868.1 1.4 40,400.0 -2.4 0.002 18,105.4CY 2005 37,792.9 49,065.4 104.3 15,585.9 13,273.6 79,270.5 3.0 0.5 1.8 2.5 -1,313.9 -41,718.6 -43,032.5 42,721.9 -310.6 52,641.0 1.5 40,854.8 1.1 0.004 19,977.2CY 2006 40,765.4 49,069.1 97.2 14,054.1 14,917.9 79,836.7 1.0 -0.3 1.0 3.3 -566.2 -39,499.6 -40,065.8 17,610.5 -22,455.3 52,866.7 0.4 41,557.7 1.7 0.275 20,757.4CY 2007 37,198.1 51,018.2 97.1 16,080.0 14,744.4 81,277.7 1.4 0.2 1.6 3.1 -1,440.8 -37,002.4 -38,443.5 38,154.4 -289.1 54,504.3 3.1 41,763.9 0.5 0.459 22,842.4CY 2008 36,468.8 44,267.4 95.3 14,985.1 10,010.6 81,478.3 0.8 0.8 2.1 1.8 -200.6 -36,806.3 -37,006.9 42,075.8 5,068.9 55,705.5 2.2 43,684.8 4.6 0.103 21,934.0CY 2009 36,478.4 38,733.1 105.1 12,913.9 6,356.4 80,954.2 0.5 1.8 2.7 0.7 524.1 -40,413.2 -39,889.1 45,033.8 5,144.7 56,948.6 2.2 42,856.7 -1.9 0.094 17,057.8CY 2010 34,370.6 41,486.8 104.7 12,984.4 8,967.7 82,314.3 0.9 2.1 2.8 1.9 -1,359.9 -38,068.0 -39,427.9 41,742.2 2,314.3 57,848.5 1.6 42,041.7 -1.9 0.079 16,990.8CY 2011 25,329.2 42,832.6 101.9 13,476.2 9,351.4 83,996.8 2.8 2.2 2.7 1.2 -1,682.2 -15,701.0 -17,383.2 31,264.2 13,881.0 59,866.8 3.5 42,585.8 1.3 0.075 17,098.2CY 2012 38,663.6 43,931.4 103.1 13,992.5 9,758.3 86,653.3 2.1 2.2 2.5 0.6 -2,656.4 -40,222.3 -42,878.7 53,590.2 10,711.5 61,369.0 2.5 43,382.3 1.9 0.076 18,215.1CY 2013 107,113.6 46,952.9 103.5 15,530.8 10,493.7 90,143.1 3.3 2.9 3.6 2.6 -3,489.8 -91,707.4 -95,197.2 155,031.0 59,833.8 64,063.3 4.4 44,913.4 3.5 0.068 18,658.1CY 2014 131,634.4 53,970.7 104.3 16,790.2 11,031.6 93,081.7 3.6 2.8 3.4 3.2 -2,938.4 -124,009.2 -126,947.6 198,006.0 71,058.4 66,084.4 3.2 46,114.7 2.7 0.066 16,916.6CY 2015 105,864.1 56,285.4 99.8 17,807.1 10,827.4 98,429.9 4.9 3.0 3.6 3.5 -5,347.7 -118,721.7 -124,069.4 198,947.0 74,877.6 67,910.6 2.8 47,593.7 3.2 0.038 20,326.8CY 2016 123,949.4 55,468.6 99.3 17,611.1 10,328.9 102,461.2 5.8 2.8 3.4 2.1 -4,030.8 -124,981.5 -129,012.3 206,226.7 77,214.4 73,434.2 8.1 49,157.3 3.3 -0.058 8,920.7CY 2017 98,210.7 58,787.5 101.9 18,881.6 11,995.3 106,716.5 4.5 3.4 4.0 3.0 -4,255.0 -113,160.3 -117,415.3 155,676.7 38,261.4 76,324.4 3.9 50,523.8 2.8 -0.062 9,430.8
2016.Oct.-Dec. 26,708.3 14,094.5 53.8 3,592.1 3,853.3 102,461.2 4.7 3.2 3.7 1.8 -6,141.6 -28,151.2 -34,292.8 52,686.2 18,393.4 73,434.2 8.1 49,157.3 3.3 -0.058 8,798.52017.Jan.-Mar. 30,453.9 25,420.7 99.3 6,541.4 6,162.0 99,800.1 4.5 3.5 4.1 2.3 2,661.1 -32,673.5 -30,012.4 42,539.9 12,527.5 74,849.7 6.2 49,637.4 3.4 -0.060 9,740.22017.Apr.-June 18,988.3 2,887.4 5.0 1,899.1 -0.2 100,363.6 4.4 3.3 3.9 2.9 -563.3 -21,056.1 -21,619.4 41,809.0 20,189.6 75,091.4 5.0 49,573.6 3.7 -0.069 9,089.12017.July-Sept. 30,196.6 13,922.9 29.1 5,991.7 686.6 100,794.5 4.6 3.4 4.0 3.5 -430.9 -30,810.9 -31,241.8 37,423.9 6,182.1 75,516.3 5.2 50,042.2 3.5 -0.063 9,071.12017.Oct.-Dec. 24,896.7 14,774.9 54.7 3,706.6 4,085.9 106,716.5 4.6 3.3 3.9 3.3 -5,921.9 -28,619.8 -34,541.7 33,903.9 -637.8 76,324.4 3.9 50,523.8 2.8 -0.062 9,823.02018.Jan.-Mar. 24,129.1 27,202.2 101.9 7,284.2 7,223.0 104,000.4 4.4 2.7 3.2 2.6 2,716.2 -25,342.7 -22,626.5 32,375.0 9,748.5 77,834.4 4.0 50,915.8 2.6 -0.068 10,574.12018.Apr.-June 17,971.7 3,059.3 5.2 1,942.3 88.1 104,527.0 4.2 2.7 3.1 2.5 -526.6 -18,080.8 -18,607.4 33,990.0 15,382.6 78,187.0 4.1 51,014.9 2.9 -0.069 9,259.22017. July 13,806.2 6,169.9 15.7 3,711.0 -136.7 100,694.7 4.6 3.4 4.0 3.4 -331.1 -12,602.7 -12,933.8 12,906.6 -27.2 75,383.8 5.9 49,615.7 3.7 -0.064 8,742.82017. Aug. 11,950.6 4,567.1 23.6 1,326.1 635.1 100,830.7 4.7 3.4 4.0 3.5 -136.0 -11,938.7 -12,074.7 12,746.5 671.8 75,456.3 5.8 49,597.5 3.6 -0.066 9,043.92017. Sept. 4,439.8 3,185.9 29.1 954.6 188.2 100,794.5 4.6 3.4 4.0 3.5 36.2 -6,269.5 -6,233.3 11,770.8 5,537.5 75,516.3 5.2 50,042.2 3.5 -0.063 9,426.62017. Oct. 10,401.8 3,644.0 35.4 930.0 418.7 101,500.7 4.7 3.4 4.1 3.6 -706.2 -9,823.8 -10,530.0 11,767.7 1,237.7 76,042.9 5.6 49,833.6 3.3 -0.046 9,488.42017. Nov. 12,345.2 7,590.4 48.6 1,363.1 3,457.4 101,973.4 4.8 3.4 4.0 3.5 -472.7 -14,262.0 -14,734.7 9,163.9 -5,570.8 76,459.2 4.9 49,982.7 2.9 -0.055 10,056.22017. Dec. 2,149.7 3,540.5 54.7 1,413.5 209.9 106,716.5 4.4 3.1 3.6 3.0 -4,743.0 -4,534.0 -9,277.0 12,972.3 3,695.3 76,324.4 3.9 50,523.8 2.8 -0.062 9,924.42018. Jan. 16,690.8 5,419.6 64.1 2,970.7 244.7 103,388.5 4.4 2.9 3.4 2.8 3,327.9 -15,564.3 -12,236.4 12,297.1 60.7 76,349.5 4.0 50,422.3 2.8 -0.050 9,884.72018. Feb. 12,268.4 4,818.5 72.5 777.5 1,226.6 103,706.5 4.6 2.7 3.2 2.5 -317.9 -13,143.0 -13,460.9 11,615.2 -1,845.7 76,519.4 4.1 50,384.0 2.6 -0.053 11,069.02018. Mar. -4,830.1 16,964.1 101.9 3,536.0 5,751.7 104,000.4 4.3 2.6 3.1 2.4 -293.8 3,364.6 3,070.8 8,462.7 11,533.5 77,834.4 4.0 50,915.8 2.6 -0.068 10,768.62018. Apr. 2,563.8 -284.0 - -372.1 -58.6 105,024.4 4.3 2.7 3.2 2.5 -1,024.0 -260.7 -1,284.7 11,545.1 10,260.4 78,553.3 4.3 50,828.5 2.9 -0.067 9,413.12018. May 16,310.2 1,046.0 1.3 905.6 -48.0 103,657.5 4.0 2.7 3.2 2.5 1,366.9 -17,602.6 -16,235.7 11,929.2 -4,306.5 78,395.7 4.1 50,661.2 2.6 -0.065 9,528.32018. June -902.3 2,297.3 5.2 1,408.7 194.7 104,527.0 4.2 2.7 3.1 2.5 -869.5 -217.5 -1,087.0 10,515.7 9,428.7 78,187.0 4.1 51,014.9 2.9 -0.069 8,836.32018. July 12,908.4 P 6,659.5 16.5 3,936.3 106.6 104,601.2 4.1 2.5 2.9 2.3 -74.1 -12,399.3 -12,473.4 12,454.4 -19.0 77,345.1 2.6 50,956.9 2.7 -0.065 9,532.02018. Aug. 10,086.5 104,750.1 3.8 P 2.5 P 2.9 P 2.2 -148.8 -10,694.1 -10,842.9 9,668.7 -1,174.2 -0.055 9,780.2
(※) National Tax and Stamp Revenue: Adjusted by adding the part of the tax revenues of April and May which belongs to the preceding fiscal year to those of March of the preceding fiscal year. Money Stock: Before 2004, figures are Money Supply Domestically Licensed Banks: In and before 1992, figures are banking accounts of all banks. Figures are not in series because of the merger of financial institutions and so on. Including JOM accounts in and after 1986. Average Contracted Interest Rates on Loans & Discounts: Including overdrafts in and after April 1992.
0.9290.927
0.918
Released by Ministry of Finance Bank of Japan
0.921
0.9650.9620.9550.9550.9540.9460.9430.9400.932
0.9980.9820.9690.9550.9460.932
1.8651.6551.5511.452
0.921
1.2581.1801.1100.9980.946
6.4677.697
1.364
2.1161.8341.7991.7321.6231.7661.945
2.788
% Billion Yen 10 BillionYen %
10 BillionYen % %
BillionYen
8.274
AverageContractedInterest Rateson Loans &Discounts(End of Year orMonth) (※)
★ ★
Average Outstanding Changefrom Preceding Year
Treasuryfunds and
others
Surplus/shortage of
funds
The Bank ofJapan
Loans andMarket
Operations
Netchange incurrent accountbalances
ActualDeposits
Out-standing
Loans &BillsDiscountedOut-standing
Billion Yen % Billion Yen Billion Yen %
Uncollat-eralizedOverni-ght End ofPeriod
Net Receipts &Payments(-)ofTreasury Funds
National Tax and Stamp Revenue (※) Accounts of the Bankof Japan Money Stock(※) Sources of Changes in Current Account Balances
at the Bank of Japan and Market Operations Domestically Licensed Banks (※) Call Rates AverageOut-
standingin the Call
MoneyMarket
Total
Actual RevenueBank-
notes incirculation
End ofYear orMonth
AverageAmountsOut-standing
M3 M2Broadly-definedLiqui-dity Banknotes
FY FY FY FY FY
― 59 ―
〔Public and Corporate Bonds・Stocks〕 〔Business Failures〕
Jan.4, 1968 May.16, 1949=100 =176.21
CY * 1970 330.0 86.7 280.9 557.5 2,967.7 163.48 138 3.47 2,193.21 164,198.3 335.7 11,589 447.9 9,765 14.5 729.2 32.9CY * 1975 4,820.7 239.3 489.9 1,465.1 7,851.9 312.06 179 2.31 4,243.05 426,638.3 349.6 14,477 1,055.7 12,606 7.9 1,914.6 16.1CY * 1980 13,365.7 724.3 1,539.0 1,048.5 13,520.5 474.00 352 1.63 6,870.16 938,684.2 528.0 16,635 1,446.2 17,884 11.5 2,722.4 24.2CY * 1985 21,133.1 766.2 2,454.8 789.5 23,055.1 997.72 415 0.99 12,565.62 2,110,433.3 524.3 15,337 1,861.2 18,812 -9.7 4,235.6 16.2CY * 1990 36,277.5 996.3 1,774.1 1,834.0 45,523.9 2,177.96 484 0.52 29,437.17 4,033,427.1 699.3 5,292 1,000.8 6,468 -10.5 1,995.8 61.9CY * 1995 65,677.7 1,967.0 2,952.8 5,046.2 42,594.6 1,378.93 357 0.92 17,329.70 1,367,459.9 548.7 10,742 2,496.6 15,108 7.4 9,241.1 64.1CY * 2000 105,996.1 2,200.0 4,854.7 7,975.1 20,979.8 1,545.22 684 0.98 17,145.01 781,782.4 299.1 12,160 3,185.4 18,769 22.2 23,885.0 75.3CY 2002 147,832.0 2,582.5 4,216.0 7,151.2 12,991.6 979.49 843 1.41 10,123.14 500,232.5 282.1 10,730 2,655.2 19,087 -0.4 13,782.4 -16.5CY 2003 154,686.5 4,264.9 6,476.6 7,380.8 9,693.4 918.86 1,254 1.42 9,311.42 444,253.6 183.8 8,189 1,626.2 16,255 -14.8 11,581.8 -15.9CY 2004 175,268.1 5,251.5 8,243.9 5,766.5 8,167.7 1,120.07 1,451 1.20 11,179.25 427,064.9 113.3 6,374 1,267.5 13,679 -15.8 7,817.6 -32.5CY 2005 186,155.7 6,152.7 7,821.1 6,851.5 8,454.9 1,270.09 2,075 1.14 12,422.58 363,760.7 72.4 5,489 1,003.4 12,998 -4.9 6,703.4 -14.2CY 2006 175,683.9 6,031.1 4,434.2 6,544.5 7,227.6 1,625.92 1,927 1.10 16,110.38 326,391.8 130.1 5,227 1,014.5 13,245 1.9 5,500.5 -17.9CY 2007 140,455.1 5,703.8 4,461.5 9,186.3 6,533.2 1,663.69 2,228 1.30 16,996.33 317,128.7 213.6 5,257 1,125.7 14,091 6.3 5,727.9 4.1CY 2008 125,751.8 5,873.6 4,494.4 8,842.8 5,862.0 1,187.82 2,211 1.99 12,150.80 298,333.8 222.9 5,687 1,534.7 15,646 11.0 12,291.9 114.5CY 2009 145,660.1 7,439.5 4,925.6 11,393.1 4,406.6 869.33 2,272 2.30 9,346.11 260,268.7 142.3 4,568 1,338.8 15,480 -1.0 6,930.0 -43.6CY 2010 165,823.5 7,608.1 4,540.1 9,558.9 3,902.4 885.43 2,089 2.04 10,006.49 273,409.6 137.9 3,135 816.8 13,321 -13.9 7,160.7 3.3CY 2011 164,064.4 6,654.9 3,153.5 8,283.5 3,499.5 820.80 2,141 2.12 9,425.42 280,724.5 69.1 2,609 680.7 12,734 -4.4 3,592.9 -49.8CY 2012 172,248.9 6,771.6 4,700.0 8,209.9 3,172.5 768.64 2,096 2.23 9,102.56 272,409.3 83.8 2,390 555.4 12,124 -4.7 3,834.5 6.7CY 2013 181,032.2 7,079.6 4,873.1 8,659.3 2,634.7 1,125.94 3,436 1.70 13,577.87 269,759.5 101.6 1,820 399.0 10,855 -10.4 2,782.3 -27.4CY 2014 175,848.9 6,880.8 4,600.7 8,397.8 2,482.7 1,263.58 2,512 1.62 15,460.43 238,404.6 133.5 1,465 331.8 9,731 -10.3 1,874.0 -32.6CY 2015 174,508.8 6,849.9 3,134.7 6,848.2 2,470.1 1,554.16 2,541 1.51 19,203.77 209,781.5 202.6 1,236 280.3 8,812 -9.4 2,112.3 12.7CY 2016 168,854.8 6,346.1 3,335.6 10,615.9 1,865.7 1,355.93 2,423 1.84 16,920.48 162,578.1 261.1 1,062 244.9 8,446 -4.2 2,006.1 -5.0CY 2017 159,169.0 6,298.0 3,643.9 11,273.5 1,444.4 1,624.09 1,985 1.63 20,209.03 136,273.4 107.2 899 213.4 8,405 -0.4 3,167.6 57.82016.Oct.-Dec. 41,993.9 1,774.0 640.0 2,109.1 422.7 1,432.37 2,398 1.71 17,951.93 35,088.7 43.2 239 44.1 2,086 -3.0 877.3 38.52017.Jan.-Mar. 42,221.0 1,352.9 636.9 2,700.0 405.9 1,541.84 2,113 1.70 19,245.01 34,169.2 44.3 237 46.2 2,079 -3.0 411.1 -11.82017.Apr.-June 38,715.4 1,602.0 855.0 3,005.8 407.8 1,558.25 2,100 1.70 19,520.43 36,881.5 43.2 242 50.6 2,188 2.7 1,799.3 449.82017.July-Sept. 40,062.0 1,572.5 757.0 2,970.7 346.3 1,623.61 1,894 1.57 19,873.05 31,225.8 10.1 219 54.8 2,032 -2.6 318.0 -5.02017.Oct.-Dec. 38,170.5 1,770.5 1,395.0 2,597.0 284.5 1,771.34 1,836 1.45 22,182.06 33,996.7 9.6 201 61.8 2,106 0.9 639.1 -27.12018.Jan.-Mar. 38,954.8 1,156.2 949.4 1,489.0 291.0 1,786.02 1,739 1.54 22,333.55 31,617.0 15.9 195 50.5 2,041 -1.8 327.2 -20.42018.Apr.-June 36,283.9 P 1,707.0 P 830.0 P 2,876.0 337.1 1,761.67 1,656 1.68 22,348.18 34,101.9 11.9 195 37.2 2,107 -3.7 419.3 -76.62017. July 13,264.0 544.2 290.0 1,353.5 116.2 1,620.17 1,927 1.66 20,044.86 9,148.0 3.4 81 12.9 714 0.2 109.8 -11.32017. Aug. 12,411.1 409.0 187.0 698.0 106.6 1,612.95 1,811 1.64 19,670.17 10,564.1 6.5 64 13.9 639 -11.9 92.3 -26.72017. Sept. 14,387.0 619.3 280.0 919.2 123.6 1,638.79 1,952 1.57 19,924.40 11,513.6 0.2 74 27.9 679 4.6 115.8 36.12017. Oct. 12,720.3 631.5 420.0 950.0 91.2 1,721.72 1,858 1.51 21,267.49 11,409.4 3.3 77 30.4 733 7.3 95.8 -13.82017. Nov. 12,877.1 606.0 665.0 382.0 87.2 1,783.26 2,030 1.49 22,525.15 10,641.1 5.4 69 13.7 677 -2.3 145.6 -75.42017. Dec. 12,573.0 533.1 310.0 1,265.0 106.1 1,809.61 1,630 1.45 22,769.89 11,946.2 0.8 55 17.7 696 -1.9 397.5 131.62018. Jan. 13,055.0 407.0 260.0 500.5 85.3 1,882.57 1,743 1.44 23,712.21 9,107.7 2.1 67 10.2 635 4.9 104.5 -18.62018. Feb. 13,011.5 375.0 380.0 307.5 93.3 1,766.57 1,903 1.51 21,991.68 10,741.6 5.8 64 15.3 617 -10.3 89.9 -22.32018. Mar. 12,888.3 374.2 309.4 681.0 112.5 1,716.27 1,588 1.54 21,395.51 11,767.5 8.0 64 25.0 789 0.3 132.6 -20.42018. Apr. 11,743.9 P 563.0 P 135.0 P 848.5 113.6 1,737.42 1,627 1.50 21,868.79 10,383.4 5.4 73 14.8 650 -4.4 95.4 -8.22018. May 12,588.1 P 639.0 P 400.0 P 599.5 101.3 1,783.96 1,739 1.66 22,590.05 11,953.8 1.3 77 14.2 767 -4.3 104.3 -2.32018. June 11,951.9 P 505.0 P 295.0 P 1,428.0 122.2 1,762.48 1,599 1.68 22,562.88 11,764.6 5.3 45 8.2 690 -2.2 219.5 -86.12018. July 12,174.3 P 556.5 P 145.0 P 1,351.0 106.1 1,729.12 1,526 1.68 22,309.06 10,191.6 1.3 67 15.2 702 -1.6 112.7 2.52018. Aug. 1,721.03 1,455 1.71 22,494.14 9,643.6 4.0 77 23.4 694 8.6 121.2 31.2
(※) Stock Prices and Yields (Nikkei Average): After large replacement of brand components on 24th April, 2000, (※) Suspension of Business Transactions with Banks: Since April 2007, index is discontinuous as for continuously and simply comparing before replacement with after replacement. figures are not series, because survey methodology has been changed. Tokyo Stock Price Index: Average figures are calculated by Policy Planning and Research Division , Minister's Secretariat , Ministry of Finance.
Average Yield of Divided
PayingCompanies
(End of Month)
NikkeiAverage(※)
Issues of Public and Corporate Bonds Stock Prices and Yields (Average)
Tokyo ★
Clearing ofChecks and Bills
ReturnedChecks
and Bills
Suspension of BusinessTransactions with Banks (※) Business Failures
GovernmentBonds
LocalGovernment
Bonds
GovernmentGuaranteed
Bonds
StraightCorporate
BondsTokyo StockPrice Index
Daily AverageTradingVolume
All ClearingHouses
TotalAmount ofLiabilities
Numberof Cases
TotalLiabilities
% Billion Yen
★
Billion Yen Million Shares % Billion Yen Case Billion Yen Case
BankDebentures
Tokyo Stock Exchange (1st Section)
%
Released by Japan Securities Dealers Association Tokyo Stock Exchange Tokyo Clearing House Japanese BankersAssociation Tokyo Shoko Research Co. Ltd.
― 60 ―
〔Industrial Production, Producer Shipments, Producer Inventory, and Capital Utilization〕
● ● ● ◎ ●
CY * 1970 - - - - - - - - - - - - - - - - -CY * 1975 - - - - - - - - - - - - - - - - -CY * 1980 71.7 4.7 - - 74.7 192.9 68.1 76.3 60.0 68.2 2.8 105.8 8.4 95.3 8.9 82.6 120.3CY * 1985 84.9 3.7 - - 96.1 168.0 93.5 86.5 71.4 78.9 3.5 105.5 3.5 96.8 4.3 93.3 119.6CY * 1990 105.8 4.0 - - 131.7 203.6 111.8 101.9 88.2 99.7 4.9 114.6 -0.7 89.1 -1.2 101.5 124.5CY * 1995 101.2 3.3 - - 117.0 184.2 93.9 102.9 88.7 96.5 2.6 127.1 5.6 103.2 1.7 105.9 108.5CY * 2000 105.9 5.7 - - 121.6 157.4 105.6 101.4 97.4 104.1 5.9 117.4 2.1 101.1 -3.1 104.7 109.1CY 2002 97.5 -1.2 - - 102.3 138.1 99.6 98.3 91.0 97.3 -0.2 107.2 -8.0 103.0 -7.6 99.1 101.9CY 2003 100.4 3.0 - - 103.6 133.4 101.2 98.3 96.1 100.6 3.4 104.1 -2.9 98.0 -4.9 96.7 106.4CY 2004 105.2 4.8 - - 117.7 131.9 102.8 99.1 100.8 105.5 4.8 104.0 -0.1 93.8 -4.3 96.0 111.3CY 2005 106.7 1.4 - - 122.2 128.8 106.2 96.5 102.5 107.0 1.4 108.9 4.7 96.2 2.6 96.3 112.7CY 2006 111.4 4.5 - - 127.3 127.4 115.3 98.5 107.6 111.9 4.6 112.8 3.6 96.3 0.1 97.8 115.8CY 2007 114.6 2.8 - - 131.0 122.9 119.3 99.7 111.7 115.3 3.1 114.2 1.2 96.5 0.3 100.1 116.8CY 2008 110.7 -3.4 - - 122.3 118.3 115.5 100.8 107.1 110.6 -4.1 121.9 6.7 105.7 9.5 101.7 111.5CY 2009 86.5 -21.8 - - 82.3 101.9 83.9 99.4 83.6 86.6 -21.7 100.5 -17.6 127.2 20.3 100.3 83.6CY 2010 100.0 15.6 - - 100.0 100.0 100.0 100.0 100.0 100.0 15.4 102.9 2.4 100.0 -21.4 99.9 100.0CY 2011 97.2 -2.8 - - 105.2 99.7 88.3 98.9 95.6 96.3 -3.7 105.0 2.0 108.1 8.1 99.8 95.7CY 2012 97.8 0.6 - - 102.8 102.1 93.5 99.6 96.0 97.5 1.2 110.5 5.2 113.2 4.7 98.2 97.8CY 2013 97.0 -0.8 - - 100.5 104.5 89.3 99.2 96.1 96.9 -0.6 105.7 -4.3 109.0 -3.7 97.1 97.3CY 2014 99.0 2.1 - - 107.6 102.5 88.4 99.0 98.0 98.2 1.3 112.3 6.2 109.8 0.7 95.3 101.3CY 2015 97.8 -1.2 - - 105.8 98.3 84.0 99.3 97.7 96.9 -1.3 112.3 0.0 114.2 4.0 95.0 98.7CY 2016 97.7 -0.1 - - 104.6 96.6 85.4 103.2 96.6 96.3 -0.6 106.4 -5.3 114.2 0.0 94.5 97.7CY 2017 102.0 4.4 - - 110.8 97.4 87.0 106.4 101.5 100.1 3.9 108.4 1.9 111.5 -2.4 94.6 101.52016. Oct.-Dec. 100.5 2.1 99.8 1.8 107.8 96.6 88.0 103.4 99.0 98.6 2.4 107.3 -2.4 109.7 -4.0 94.5 100.12017. Jan.-Mar. 101.0 3.5 100.0 0.2 106.5 96.7 86.3 105.0 99.8 98.5 -0.1 109.2 1.8 111.1 1.3 94.1 100.12017. Apr.-June 99.6 5.6 101.8 1.8 110.4 97.2 87.9 106.4 101.1 99.9 1.4 108.9 -0.3 111.8 0.6 94.1 101.82017. July-Sept. 102.1 4.0 102.3 0.5 111.3 98.0 86.7 106.9 101.9 100.5 0.6 107.4 -1.4 111.1 -0.6 94.3 101.62017. Oct.-Dec. 105.1 4.6 103.9 1.6 115.0 97.7 87.4 107.5 103.4 101.3 0.8 109.8 2.2 112.1 0.9 94.6 102.72018. Jan.-Mar. 103.4 2.4 102.5 -1.3 112.5 94.4 85.4 108.4 102.4 100.2 -1.1 113.5 3.4 114.9 2.5 94.3 101.02018. Apr.-June 101.5 1.9 103.8 1.3 113.7 97.2 87.1 110.0 103.2 102.1 1.9 111.4 -1.9 114.7 -0.2 93.7 102.02017. June 105.8 5.2 101.9 1.2 110.8 98.3 87.3 106.1 101.3 100.5 1.6 108.9 -1.6 110.7 -0.9 94.1 101.72017. July 103.1 4.5 101.6 -0.3 109.7 98.6 85.8 106.8 101.5 100.1 -0.4 108.2 -0.6 112.4 1.5 94.3 100.62017. Aug. 97.1 5.0 102.9 1.3 113.5 99.1 87.2 105.9 102.5 101.6 1.5 107.6 -0.6 110.1 -2.0 94.3 102.52017. Sept. 106.1 2.5 102.3 -0.6 110.8 96.2 87.1 108.1 101.6 99.8 -1.8 107.4 -0.2 110.7 0.5 94.3 101.62017. Oct. 104.5 5.7 102.8 0.5 112.5 96.4 86.5 107.2 102.4 99.4 -0.4 110.5 2.9 113.3 2.3 94.6 101.92017. Nov. 105.4 3.6 103.5 0.7 114.9 96.1 86.8 107.3 103.1 101.3 1.9 109.8 -0.6 111.3 -1.8 94.6 102.32017. Dec. 105.3 4.5 105.4 1.8 117.5 100.7 88.9 107.9 104.6 103.3 2.0 109.8 0.0 111.7 0.4 94.6 103.92018. Jan. 95.4 2.9 100.7 -4.5 110.5 93.2 78.7 108.8 100.5 98.7 -4.5 109.3 -0.5 113.7 1.8 94.4 98.62018. Feb. 100.2 1.6 102.7 2.0 112.6 94.1 89.0 108.2 102.8 100.3 1.6 109.9 0.5 114.0 0.3 94.4 101.92018. Mar. 114.5 2.4 104.1 1.4 114.3 95.9 88.5 108.3 103.8 101.5 1.2 113.5 3.3 117.1 2.7 94.3 102.42018. Apr. 100.8 2.6 104.6 0.5 116.6 98.4 91.6 109.8 102.8 103.1 1.6 112.8 -0.6 113.8 -2.8 94.0 104.22018. May 98.8 4.2 104.4 -0.2 114.1 98.5 84.9 110.1 103.8 101.5 -1.6 113.5 0.6 113.9 0.1 94.0 102.02018. June 104.8 -0.9 102.5 -1.8 110.3 94.7 84.9 110.1 103.0 101.8 0.3 111.4 -1.9 116.5 2.3 93.7 99.82018. July 105.4 2.2 102.3 -0.2 108.5 95.9 81.5 112.0 103.0 99.8 -2.0 111.2 -0.2 117.0 0.4 93.7 99.2
(※) Base year changed in June 2013. The figures of before 2008, Conected Indices base year was 2010.
NondurableConsumerGoods
Index ofManufacturingOperating rate
Index of Industrial Production Index ofProducers'Shipments
2010=100 (※) %
Released by Ministry of Economy, Trade and Industry
☆(★)
☆(★)
☆(★)
★ Index ☆CapitalGoods
Index ofProducers'Inventory ofFinished Goods(End of Year orMonth)
Index ofProducers'Inventory Ratio ofFinished Goods
Index ofManufacturingProductionCapacity (Endof Year orMonth)
Special Group
◎
● ●
ProducerGoods
ConstructionGoods
DurableConsumerGoods
― 61 ―
〔Orders and Housing〕
CY * 1970 6,468.4 - 3,938.1 2,992.5 - 2,015.7 - 987.4 - 3,441.2 - - 1,485 12.0 - - - - -
CY * 1975 8,441.0 5.5 3,920.7 3,317.2 2.1 1,794.6 -2.3 1,529.5 9.1 5,947.2 - - 1,356 -1.8 - - - - -
CY * 1980 14,153.4 12.6 7,197.6 5,437.2 19.9 2,935.0 26.6 2,524.3 13.6 9,017.5 - - 1,269 -15.0 - - -14.5 -22.7 -7.3
CY * 1985 16,250.0 1.1 8,082.2 6,659.7 7.6 3,752.2 6.8 2,923.7 8.6 12,048.3 6,139.3 - 1,236 4.1 - - -1.1 13.5 -3.0
CY * 1990 28,030.5 10.3 16,429.3 14,367.0 10.4 7,289.8 9.4 7,097.7 11.2 25,551.1 15,569.0 33.1 1,707 2.7 - - -3.4 -1.3 21.8
CY * 1995 25,713.5 4.1 14,108.1 11,667.2 6.7 5,015.7 7.4 6,661.4 6.4 19,452.4 8,808.6 -1.0 1,470 -6.4 - - -6.1 -7.0 -5.6
CY * 2000 26,300.5 13.8 13,309.7 12,055.8 19.0 5,141.9 21.7 6,927.1 16.8 15,943.9 7,529.6 1.1 1,230 1.3 - - -4.9 -0.7 14.1
CY 2002 22,040.4 -10.9 11,182.3 9,987.5 -12.0 3,777.8 -12.0 6,250.1 -11.7 12,986.2 5,687.2 -14.1 1,151 -1.9 - - -4.9 2.7 -4.4
CY 2003 25,357.1 15.0 12,247.5 11,054.5 10.7 4,408.9 16.7 6,665.3 6.6 12,534.6 6,091.3 7.1 1,160 0.8 - - 1.3 0.3 0.8
CY 2004 26,432.7 4.2 12,534.0 11,544.2 4.4 4,984.7 13.1 6,583.6 -1.2 13,061.1 6,805.2 11.7 1,189 2.5 - - -0.8 3.0 5.8
CY 2005 27,583.4 4.4 13,354.4 12,364.9 7.1 5,416.6 8.7 6,975.5 6.0 13,896.6 6,911.1 1.6 1,236 4.0 - - -4.5 8.5 6.8
CY 2006 29,488.5 - 13,070.8 11,676.4 - 5,844.7 - 5,858.2 - 13,621.4 7,321.5 5.9 1,290 4.4 - - 1.5 7.8 2.7
CY 2007 29,715.0 0.8 12,501.1 11,179.2 -4.3 5,624.7 -3.8 5,598.6 -4.4 13,794.6 8,006.8 9.4 1,061 -17.8 - - -12.2 -18.7 -22.3
CY 2008 28,101.7 -5.4 12,320.6 10,596.5 -5.2 5,084.2 -9.6 5,575.4 -0.4 14,005.6 8,073.9 0.8 1,094 3.1 - - 1.2 5.2 1.8
CY 2009 19,084.4 -32.1 9,415.6 7,711.9 -27.2 2,930.5 -42.4 4,812.8 -13.7 10,040.6 5,660.2 -29.9 788 -27.9 - - -10.6 -30.8 -43.7
CY 2010 23,218.4 21.7 10,193.2 8,255.5 7.0 3,563.1 21.6 4,713.1 -2.1 10,246.6 5,690.4 0.5 813 3.1 - - 7.2 -7.3 19.6
CY 2011 24,787.4 6.8 10,928.9 8,896.1 7.8 3,933.7 10.4 4,986.6 5.8 10,657.7 6,021.4 5.8 834 2.6 - - 0.1 -4.1 16.2
CY 2012 23,733.7 -4.3 10,381.5 8,813.4 -0.9 3,659.2 -7.0 5,173.5 3.7 11,000.0 6,037.7 0.3 883 5.8 - - 2.0 11.4 5.2
CY 2013 25,604.1 7.9 10,973.7 9,323.2 5.8 3,685.8 0.7 5,676.4 9.7 13,207.6 7,426.9 23.0 980 11.0 - - 13.9 11.8 6.9
CY 2014 27,891.9 8.9 11,603.4 9,692.0 4.0 4,103.6 11.3 5,628.4 -0.8 13,928.6 6,796.2 -8.5 892 -9.0 - - -19.6 1.7 -10.0
CY 2015 28,606.6 2.6 12,420.6 10,089.1 4.1 4,369.8 6.5 5,748.3 2.1 14,124.0 8,071.6 18.8 909 1.9 - - -0.7 4.6 1.6
CY 2016 27,190.7 -4.9 12,640.8 10,260.0 1.7 4,301.0 -1.6 5,985.4 4.1 14,699.1 8,352.8 3.5 967 6.4 - - 3.1 10.5 3.9
CY 2017 28,115.9 3.4 12,012.0 10,143.1 -1.1 4,482.8 4.2 5,681.7 -5.1 14,782.7 8,650.2 3.6 965 -0.3 - - -2.7 0.2 1.9
2016. Oct.-Dec. 7,257.5 14.3 3,318.4 2,577.7 0.4 1,066.7 2.4 1,518.5 0.0 3,453.3 1,988.9 9.8 251 7.9 968 -1.0 4.6 13.0 3.8
2017. Jan.-Mar. 6,687.5 -7.9 2,906.9 2,546.1 -1.2 1,052.5 -1.3 1,511.1 -0.5 4,331.7 2,308.5 2.0 223 3.2 972 0.3 -0.8 10.0 -2.0
2017. Apr.-June 6,799.1 1.7 2,887.5 2,459.8 -3.4 1,079.7 2.6 1,389.2 -8.1 3,407.8 1,998.8 -4.9 250 1.1 987 1.6 -0.5 0.3 4.7
2017. July-Sept. 7,230.7 6.3 3,052.5 2,528.9 2.8 1,146.7 6.2 1,389.7 0.0 3,450.8 2,081.3 4.1 247 -2.4 955 -3.3 -5.3 -3.6 3.7
2017. Oct.-Dec. 7,518.5 4.0 3,146.6 2,536.6 0.3 1,187.3 3.5 1,360.2 -2.1 3,592.5 2,261.7 13.7 245 -2.5 948 -0.7 -3.9 -3.6 0.8
2018. Jan.-Mar. 7,121.3 -5.3 3,037.2 2,619.8 3.3 1,216.8 2.5 1,407.0 3.4 4,445.1 2,446.6 6.0 205 -8.2 892 -5.9 -3.4 -9.4 -10.8
2018. Apr.-June 7,309.4 2.6 3,180.6 2,678.6 2.2 1,283.5 5.5 1,401.9 -0.4 3,155.6 1,992.3 -0.3 245 -2.0 968 8.5 -2.5 -3.5 -1.3
2017. June 2,270.6 1.0 986.4 804.5 -1.8 351.9 -4.1 452.9 -1.5 1,328.9 808.1 7.7 87 1.7 986 0.1 -3.4 -2.6 15.5
2017. July 2,352.2 3.6 994.6 840.9 4.5 358.4 1.8 472.0 4.2 1,040.7 618.8 -1.7 83 -2.3 965 -2.1 -5.7 -3.7 5.7
2017. Aug. 2,551.8 8.5 1,040.7 867.9 3.2 400.6 11.8 470.8 -0.2 933.9 575.8 1.2 81 -2.0 942 -2.4 -7.4 -4.9 12.0
2017. Sept. 2,326.7 -8.8 1,017.2 820.1 -5.5 387.7 -3.2 447.0 -5.1 1,476.2 886.7 10.7 83 -2.9 956 1.4 -2.7 -2.3 -5.3
2017. Oct. 2,416.7 3.9 1,040.1 841.9 2.7 407.3 5.1 443.8 -0.7 1,075.7 632.4 5.1 83 -4.8 945 -1.1 -4.8 -4.8 -4.8
2017. Nov. 2,733.8 13.1 1,085.9 888.6 5.5 407.4 0.0 470.7 6.0 1,137.9 723.7 26.7 85 -0.4 962 1.7 -4.2 -2.9 8.7
2017. Dec. 2,368.1 -13.4 1,020.6 806.0 -9.3 372.6 -8.5 445.7 -5.3 1,378.8 905.6 11.0 77 -2.1 936 -2.7 -2.5 -3.0 -1.3
2018. Jan. 2,474.5 4.5 985.6 872.3 8.2 409.4 9.9 465.4 4.4 925.6 520.1 -1.7 66 -13.2 856 -8.6 0.1 -10.8 -27.5
2018. Feb. 2,418.8 -2.3 1,132.1 891.0 2.1 442.3 8.0 465.7 0.0 1,247.9 725.8 30.9 69 -2.6 926 8.2 -6.1 -4.6 3.4
2018. Mar. 2,228.0 -7.9 919.6 856.6 -3.9 365.0 -17.5 475.9 2.2 2,271.7 1,200.6 -2.0 70 -8.3 895 -3.4 -4.2 -12.3 -3.6
2018. Apr. 2,508.0 12.6 1,058.7 943.1 10.1 447.9 22.7 477.8 0.4 1,021.2 624.5 11.4 84 0.3 992 10.9 -1.9 -2.1 5.0
2018. May 2,587.5 3.2 1,092.9 907.9 -3.7 453.8 1.3 478.7 0.2 892.1 564.0 -10.5 80 1.3 996 0.4 -2.2 -5.7 12.2
2018. June 2,213.9 -14.4 1,028.9 827.6 -8.8 381.8 -15.9 445.4 -7.0 1,242.4 803.7 -0.5 81 -7.1 915 -8.2 -3.4 -3.0 -18.8
2018. July 2,630.4 18.8 1,143.5 918.6 11.0 426.8 11.8 494.1 10.9 943.9 627.3 1.4 83 -0.7 958 4.7 0.3 -1.4 -0.7
(※) Orders Received for Machinery (280 Companies): Before March 1987, base was 178 Companies.In April 2005, the seasonal adjustments in the survey are made using the Census Bureau method (X-11 of X-12-ARIMA)Since 2006 ,"mobile phone" has been excluded
Orders Received for Construction (50 Companies): After April 1985, base was changed from 43 Companies to 50 Companies.
☆
Orders Received for Machinery (280 Companies) ● (※)
OwnHouse
RentedHouse
Total
DemandbyPrivateSector
Total NumberSeasonallyAdjustedAnnualRates
With inexceptShips・Electricity☆ ☆ ☆ ★ ☆
Thousand of Units % ★ %
Orders Received for Construction( 50 Companies) (※) New Construction Starts of Dwellings
% Billion Yen %
Condo-minium
byManufac-turingindustries
by Nonmanufacturingindustries(except Ships・Electricity)
PrivateNon-Residence
Billion Yen %
★
Released by Cabinet Office Ministry of Land, Infrastructure and Transport
Billion Yen % Billion Yen %Thousandof Units %Billion Yen
― 62 ―
〔Labour and Wages〕
□
CY * 1970 19.2 - - 16.7 17.5 78.8 - 131.2 3.8 - 132.5 - 107.6 -4.4 - 5,153 5,094 3,306 59 1.1 1.41 1.61* 1975 45.3 14.8 2.7 38.1 11.5 80.5 -1.6 122.6 -5.2 - 81.8 -16.7 52.4 -24.2 - 5,323 5,223 3,646 100 1.9 0.61 0.97* 1980 66.3 6.3 -1.6 56.7 7.5 84.4 1.5 117.0 1.0 - 106.3 1.8 93.0 6.8 - 5,650 5,536 3,971 114 2.0 0.75 1.07* 1985 79.6 2.8 0.7 69.0 3.1 88.6 1.0 121.7 1.6 - 114.6 1.8 102.9 0.9 - 5,963 5,807 4,313 156 2.6 0.68 0.97* 1990 101.9 - - 83.4 - 82.3 - 134.8 - - 123.4 - 112.2 - - 6,384 6,249 4,835 134 2.1 1.40 2.07* 1995 111.7 1.1 1.4 92.1 2.9 89.9 0.6 132.0 -1.4 - 89.3 2.0 77.6 9.1 - 6,666 6,457 5,263 210 3.2 0.63 1.06* 2000 111.7 0.1 0.9 96.1 1.6 90.5 -0.3 118.3 -2.6 - 91.3 4.4 88.2 13.4 - 6,766 6,446 5,356 320 4.7 0.59 1.05
2002 106.7 -2.9 -1.9 94.6 -1.3 89.3 -1.0 109.0 -5.0 - 88.6 1.1 84.6 4.1 - 6,689 6,330 5,331 359 5.4 0.54 0.932003 105.8 -0.7 -0.5 96.3 1.8 88.5 -0.9 105.9 -2.8 - 92.8 4.6 93.2 10.1 - 6,666 6,316 5,335 350 5.3 0.64 1.072004 105.1 -0.7 -0.7 97.9 1.6 88.6 0.1 104.6 -1.3 - 95.9 3.3 99.9 7.3 - 6,642 6,329 5,355 313 4.7 0.83 1.292005 105.8 0.6 1.0 98.9 1.0 88.7 0.1 104.3 -0.3 - 97.0 1.1 99.7 -0.3 - 6,650 6,356 5,393 294 4.4 0.95 1.462006 106.0 0.3 0.0 100.1 1.3 89.2 0.6 104.6 0.3 - 99.5 2.6 104.2 4.5 - 6,664 6,389 5,478 275 4.1 1.06 1.562007 104.9 -1.0 -1.1 99.7 -0.5 91.3 2.3 105.1 0.5 - 100.8 1.3 104.5 0.3 - 6,684 6,427 5,537 257 3.9 1.04 1.522008 104.6 -0.3 -1.8 100.1 0.4 93.4 2.3 105.5 0.4 - 99.2 -1.5 96.8 -7.3 - 6,674 6,409 5,546 265 4.0 0.88 1.252009 100.5 -3.9 -2.6 93.1 -6.9 94.2 0.9 102.8 -2.7 - 84.5 -14.9 66.0 -31.9 - 6,650 6,314 5,489 336 5.1 0.47 0.792010 101.0 0.5 1.3 96.8 3.9 94.5 0.4 101.8 -0.8 - 93.0 10.1 88.2 33.7 - 6,632 6,298 5,500 334 5.1 0.52 0.892011 100.8 -0.2 0.1 98.8 2.0 95.2 0.7 101.5 -0.3 - 93.9 1.0 89.8 1.8 - 6,596 6,293 5,512 302 4.6 0.65 1.052012 100.0 -0.9 -0.9 98.6 -0.2 95.8 0.7 101.2 -0.3 - 94.6 0.7 91.4 1.8 - 6,565 6,280 5,513 285 4.3 0.80 1.282013 99.6 -0.4 -0.9 97.9 -0.7 96.6 0.8 100.0 -1.2 - 97.1 2.7 93.8 2.6 - 6,593 6,326 5,567 265 4.0 0.93 1.462014 100.0 0.4 -2.8 99.6 1.8 98.0 1.5 99.6 -0.4 - 101.0 4.0 99.5 6.1 - 6,609 6,371 5,613 236 3.6 1.09 1.662015 100.0 0.1 -0.9 100.0 0.4 100.0 2.1 100.0 0.4 - 100.0 -1.0 100.0 0.4 - 6,625 6,401 5,663 222 3.4 1.20 1.802016 100.6 0.5 0.7 100.6 0.6 102.1 2.1 100.4 0.4 - 98.5 -1.5 98.3 -1.7 - 6,673 6,465 5,750 208 3.1 1.36 2.042017 101.0 0.4 -0.2 101.9 1.3 104.7 2.5 101.1 0.7 - 99.5 1.0 101.3 3.1 - 6,720 6,530 5,819 190 2.8 1.50 2.24
2016. Oct.-Dec. 115.9 0.4 0.1 119.1 0.6 103.2 2.2 100.6 0.5 0.2 101.2 -1.2 103.2 -0.2 0.9 6,691 6,496 5,805 203 3.0 1.41 2.132017. Jan.-Mar. 86.3 0.2 -0.1 83.6 1.1 102.9 2.3 100.0 0.3 0.0 99.7 1.2 100.6 3.1 1.4 6,634 6,443 5,758 192 2.9 1.44 2.142017. Apr.-June 104.0 0.5 -0.1 99.5 1.5 104.7 2.6 101.5 0.6 0.4 99.1 0.9 98.3 2.9 -0.1 6,743 6,543 5,800 193 2.9 1.49 2.232017. July-Sept. 97.0 0.2 -0.6 103.5 1.1 105.4 2.6 101.3 0.7 0.2 97.0 0.9 99.4 2.6 0.4 6,767 6,577 5,848 188 2.8 1.52 2.252017. Oct.-Dec. 116.7 0.7 -0.1 121.1 1.7 105.9 2.6 101.4 0.8 0.3 102.4 1.2 106.7 3.4 1.6 6,736 6,558 5,868 184 2.7 1.57 2.362018. Jan.-Mar. 87.5 1.4 -0.2 85.0 1.7 105.0 1.9 101.0 1.0 0.1 98.5 -1.2 103.8 3.2 1.3 6,753 6,587 5,876 167 2.5 1.59 2.352018. Apr.-June 106.3 2.2 1.4 102.1 2.6 106.4 1.6 102.6 1.1 0.5 99.7 0.6 101.1 2.8 -0.5 6,854 6,685 5,929 163 2.4 1.60 2.392017. June 138.2 0.4 -0.1 131.7 1.7 105.1 2.6 101.5 0.6 0.1 97.3 0.7 98.8 2.0 -0.1 6,775 6,583 5,848 190 2.8 1.50 2.242017. July 118.3 -0.6 -1.1 141.1 0.7 105.4 2.7 101.4 0.7 0.0 98.2 0.6 100.6 1.8 0.2 6,754 6,563 5,839 191 2.8 1.51 2.262017. Aug. 87.4 0.7 -0.1 85.0 0.1 105.3 2.5 101.2 0.7 0.0 93.6 0.6 95.6 2.6 0.1 6,762 6,573 5,840 186 2.8 1.52 2.222017. Sept. 85.3 0.9 -0.1 84.5 2.7 105.5 2.7 101.3 0.8 0.2 99.1 1.5 101.9 3.1 0.9 6,786 6,596 5,866 188 2.8 1.53 2.272017. Oct. 85.3 0.2 -0.1 83.4 1.0 105.7 2.7 101.4 0.8 0.1 100.9 0.7 104.4 3.7 0.7 6,762 6,581 5,877 186 2.8 1.55 2.352017. Nov. 88.7 0.9 0.1 88.1 1.1 106.0 2.7 101.5 0.9 0.1 102.7 1.5 107.5 3.6 0.3 6,730 6,552 5,865 184 2.7 1.56 2.342017. Dec. 176.1 0.9 -0.3 191.7 2.2 106.1 2.6 101.4 0.9 0.0 103.6 1.5 108.1 3.0 0.2 6,716 6,542 5,863 183 2.7 1.59 2.382018. Jan. 87.1 1.2 -0.6 84.1 0.4 105.2 1.8 101.1 0.9 0.0 94.5 -2.0 95.6 2.7 0.1 6,722 6,562 5,880 160 2.4 1.59 2.342018. Feb. 84.7 1.0 -0.8 83.1 1.2 105.2 2.0 101.0 1.0 0.1 98.2 -0.9 106.9 2.4 1.1 6,744 6,578 5,875 169 2.5 1.58 2.302018. Mar. 90.7 2.0 0.7 87.9 3.5 104.6 1.9 101.0 1.1 0.2 102.7 -0.9 108.8 4.2 0.7 6,793 6,620 5,872 173 2.5 1.59 2.412018. Apr. 88.3 0.6 -0.2 85.9 1.7 106.0 1.6 102.6 1.1 0.2 103.6 0.0 106.3 3.1 -0.7 6,851 6,671 5,916 172 2.5 1.59 2.372018. May 87.9 2.1 1.3 83.4 1.5 106.5 1.7 102.6 1.1 0.1 97.3 0.9 95.6 2.7 -0.7 6,856 6,698 5,931 151 2.2 1.60 2.342018. June 142.7 3.3 2.5 137.1 4.1 106.7 1.5 102.6 1.1 0.1 98.2 0.9 101.3 2.5 -0.3 6,855 6,687 5,940 166 2.4 1.62 2.472018. July 120.2 1.6 0.5 143.2 1.5 106.8 1.3 102.6 1.2 0.1 96.4 -1.8 101.3 0.7 -1.7 6,832 6,660 5,953 172 2.5 1.63 2.42
(※) Base year changed in March 2017. In 1989 and before, enterprises with 30 employees and over.(base year = 2005) Labour Force Survey: The benchmark population for calculating the results of the Labour Force Survey has been revised to the 2015 Census-based population estimates in January 2017.
In order to remove the gaps, data from October 2010 through December 2016 have been adjusted to comparable time-series data responding to the revision. indicates Supplementary-estimated figures (Referential figures:2015-census base). The reason of the treatment is that figures covering
from March through August 2011 for whole Japan were missing due to the damage caused by the Great East Japan Earthquake.
Enterprises with 5 employees and over.AllIndust-ries
Manu-facturing
AllIndust-ries
Manu-facturing
AllIndust-ries
Em-ployeesManu-
facturing★★ ★
Cash Earning Index Employment Index of Regular Employees Index of Nonscheduled Hours Worked
LabourForce
Em-ployed
★ ● ☆ ★ ★ ● ☆●
TotallyUnemployed
Unemploymentrate
Ratio ofJob OfferstoApplicants
Rate of NewJob Offersto NewApplicants
2015 = 100 (※) % 10 thousand Persons % Times
Released by Ministry of Health, Labour and Welfare Ministry of Internal Affairs and Communications Ministry of Health, Labourand Welfare
― 63 ―
〔Consumption・Prices〕
★ ☆ ★ ☆ ☆ ★ ☆
CY * 1970 79,531 10.4 - - - - - - 3.4 - 4.4 - 3.4 - - - - - - - - - - - -
* 1975 157,982 14.7 - - - - - - 2.8 - -3.8 - 8.2 - - - - 11.7 - 11.9 - 12.2 - 12.6 -
* 1980 230,568 7.4 -0.6 77.9 - - - - 15.0 - 9.1 - 49.4 - - - - 7.7 - 7.5 - 7.1 - 7.1 -
* 1985 273,114 2.6 0.5 77.5 3.6 - - - -0.8 - -1.4 - -2.4 - - - 26.50 2.0 - 2.0 - 2.4 - 2.4 -
* 1990 311,174 3.9 0.8 75.3 8.4 6.6 7.8 5.1 1.5 - 2.1 - 8.6 - - - 20.65 3.1 - 2.7 - 3.0 - 2.7 -
* 1995 329,062 -1.4 -1.1 72.5 0.0 -1.9 -2.1 -1.7 -0.8 - -2.2 - -0.1 - - - 16.10 -0.1 - 0.0 - -0.3 - -0.1 -
* 2000 317,328 -1.8 -0.9 72.1 -1.5 -4.6 -2.5 -6.4 0.0 - -4.6 - 4.7 - -0.4 - 26.20 -0.7 - -0.4 - -1.0 - -0.7 -2002 305,953 -1.0 0.1 73.0 -3.3 -2.2 -2.1 -2.2 -2.0 - -1.2 - -1.5 - -2.4 - 23.78 -0.9 - -0.9 - -1.0 - -0.9 -2003 301,841 -1.3 -1.0 74.1 0.1 -3.2 -2.6 -3.7 -0.8 - -4.0 - -0.9 - -1.3 - 26.72 -0.3 - -0.3 - -0.4 - -0.4 -2004 302,975 0.4 0.4 74.3 1.0 -3.5 -2.8 -4.1 1.3 - -1.4 - 4.2 - 0.5 - 33.46 0.0 - -0.1 - -0.1 - -0.2 -2005 300,531 -0.8 -0.4 74.7 1.0 -2.3 -0.5 -3.6 1.7 - 2.0 - 13.1 - 0.6 - 49.44 -0.3 - -0.1 - -0.5 - -0.4 -2006 294,943 -1.9 -2.2 72.5 0.1 -1.2 -0.7 -1.6 2.2 - 3.1 - 13.9 - 1.9 - 61.53 0.3 - 0.1 - 0.1 - 0.0 -2007 297,782 1.0 0.9 73.1 0.4 -1.0 -0.7 -1.3 1.8 - 2.2 - 7.6 - 1.4 - 68.29 0.0 - 0.0 - 0.1 - 0.0 -2008 296,932 -0.3 -1.9 73.4 0.4 -2.5 -4.2 -1.3 4.5 - -6.1 - 8.6 - 4.3 - 93.97 1.4 - 1.5 - 1.0 - 1.0 -2009 291,737 -1.7 -0.2 74.6 -2.2 -7.0 -10.1 -5.0 -5.2 - -10.5 - -25.4 - -4.8 - 61.94 -1.4 - -1.3 - -1.2 - -1.0 -2010 290,244 -0.5 0.3 74.0 2.6 -2.6 -3.0 -2.4 -0.1 - -2.5 - 7.0 - 0.0 - 78.10 -0.7 - -1.0 - -1.0 - -1.2 -2011 282,966 -2.5 -2.2 73.4 -1.0 -1.8 -2.3 -1.5 1.5 - -2.2 - 7.5 - 1.3 - 106.15 -0.3 - -0.3 - -0.5 - -0.4 -2012 286,169 1.1 1.1 73.9 1.8 -0.8 0.4 -1.4 -0.9 - -2.0 - -0.3 - -1.0 - 108.88 0.0 - -0.1 - -0.5 - -0.5 -2013 290,454 1.5 1.0 74.9 1.0 -0.4 1.8 -1.5 1.3 - 11.7 - 14.5 - 1.2 - 105.36 0.4 - 0.4 - 0.1 - 0.1 -2014 291,194 0.3 -2.9 75.3 1.7 0.9 2.1 0.3 3.1 - 3.2 - 4.2 - 3.1 - 96.56 2.7 - 2.6 - 2.3 - 2.2 -2015 287,373 -1.3 -2.3 73.8 -0.4 0.4 0.5 0.3 -2.3 - 1.3 - -11.3 - -2.2 - 51.11 0.8 - 0.5 - 0.7 - 0.6 -2016 282,188 -1.8 -1.7 72.2 -0.6 -0.9 -2.9 0.1 -3.5 - -9.3 - -16.4 - -3.6 - 41.36 -0.1 - -0.3 - -0.2 - -0.3 -2017 283,027 0.3 -0.3 72.1 1.9 0.0 0.6 -0.2 2.3 - 5.3 - 10.9 - 2.5 - 53.07 0.5 - 0.5 - 0.1 - 0.2 -
2016. Oct.-Dec. 290,432 -0.3 -0.7 71.8 0.8 -0.9 -2.8 0.2 -2.1 0.4 -5.8 4.8 -9.0 6.7 -2.2 0.4 47.87 0.3 0.6 -0.3 0.2 0.2 0.6 -0.5 0.1
2017. Jan.-Mar. 279,278 -1.6 -2.0 73.0 1.2 -1.5 -1.2 -1.6 0.9 1.5 2.6 4.0 8.6 7.5 1.0 1.6 52.82 0.3 -0.4 0.2 -0.1 -0.2 -0.7 -0.3 -0.4
2017. Apr.-June 282,596 0.7 0.2 74.6 2.5 0.2 0.9 -0.1 2.2 0.6 4.4 -1.5 11.7 -1.0 2.4 0.7 49.70 0.4 0.4 0.4 0.6 0.0 0.5 0.0 0.7
2017. July-Sept. 276,106 0.8 0.0 70.3 2.0 0.7 1.4 0.4 2.8 0.3 8.3 0.9 12.8 -0.8 3.0 0.3 50.63 0.6 0.0 0.6 0.0 0.4 0.0 0.3 0.0
2017. Oct.-Dec. 294,130 1.3 0.5 71.3 1.9 0.6 1.3 0.3 3.3 0.9 6.1 2.6 11.0 5.1 3.5 0.9 59.12 0.6 0.6 0.9 0.4 0.4 0.6 0.7 0.4
2018. Jan.-Mar. 285,516 1.7 0.1 71.4 1.4 0.4 0.4 0.3 2.5 0.6 0.6 -1.3 3.8 0.5 2.6 0.6 64.09 1.3 0.3 0.9 -0.1 1.2 0.1 0.8 -0.3
2018. Apr.-June 281,129 -1.4 -2.2 69.4 1.3 -0.4 1.5 -1.3 2.4 0.6 2.6 0.4 7.5 2.6 2.4 0.6 71.75 0.7 -0.3 0.7 0.4 0.5 -0.2 0.6 0.5
2017. July 279,197 0.4 -0.2 70.3 1.8 -0.2 -1.3 0.4 2.5 0.2 7.6 1.1 11.9 0.2 2.7 0.2 47.63 0.4 -0.2 0.5 -0.1 0.2 -0.2 0.2 -0.1
2017. Aug. 280,320 1.4 0.6 70.3 1.8 0.6 2.1 0.1 2.8 0.0 8.4 -0.5 12.8 -1.2 3.1 0.1 50.43 0.7 0.2 0.7 0.1 0.5 0.4 0.4 0.4
2017. Sept. 268,802 0.6 -0.3 70.3 2.3 1.9 4.2 0.8 3.0 0.3 9.1 1.2 13.8 1.9 3.3 0.2 53.86 0.7 0.2 0.7 0.0 0.5 0.1 0.5 -0.1
2017. Oct. 282,872 0.3 0.0 71.2 -0.2 -0.7 -0.5 -0.9 3.5 0.4 9.7 1.8 15.6 2.7 3.8 0.4 55.58 0.2 0.0 0.8 0.3 -0.1 0.1 0.6 0.3
2017. Nov. 277,361 2.4 1.7 71.7 2.1 1.4 3.6 0.2 3.5 0.4 6.8 0.2 10.4 1.1 3.7 0.4 60.58 0.6 0.4 0.9 0.1 0.3 0.3 0.6 0.0
2017. Dec. 322,157 1.2 -0.1 70.9 3.6 1.1 0.8 1.3 3.0 0.2 2.3 0.3 7.3 1.9 3.2 0.2 61.41 1.0 0.3 0.9 0.0 1.0 0.3 0.8 0.0
2018. Jan. 289,703 3.6 1.9 74.5 1.5 0.4 -0.1 0.7 2.7 0.3 1.6 -0.6 5.0 -0.4 2.9 0.3 66.02 1.4 0.1 0.9 -0.2 1.3 -0.1 0.7 -0.4
2018. Feb. 265,614 0.9 -0.9 69.3 1.7 0.6 0.3 0.7 2.5 0.0 0.8 -1.0 4.4 -0.1 2.4 0.0 62.79 1.5 0.0 1.0 0.1 1.4 0.0 0.9 0.2
2018. Mar. 301,230 0.6 -0.7 70.6 1.0 0.1 0.9 -0.4 2.0 -0.1 -0.5 -0.9 1.7 -1.8 2.1 -0.1 63.29 1.1 -0.3 0.9 0.1 1.0 -0.3 0.8 0.1
2018. Apr. 294,439 -0.5 -1.3 70.2 1.5 -0.8 1.5 -1.8 2.0 0.3 1.9 0.3 5.1 1.3 1.9 0.2 68.43 0.6 -0.1 0.7 0.2 0.5 -0.1 0.6 0.2
2018. May 281,307 -3.1 -3.9 72.3 0.6 -2.0 -1.2 -2.4 2.6 0.5 2.4 1.5 6.8 2.9 2.6 0.6 73.66 0.7 0.1 0.7 0.1 0.4 0.0 0.5 0.0
2018. June 267,641 -0.4 -1.2 66.1 1.7 1.5 4.0 0.3 2.8 0.3 3.3 0.1 10.8 1.9 2.7 0.2 73.22 0.7 -0.1 0.8 0.0 0.6 0.0 0.7 0.0
2018. July 283,387 1.2 0.1 69.9 P 1.5 P -1.6 P -5.1 P 0.3 3.0 0.4 2.6 0.4 11.5 0.9 3.0 0.5 72.72 0.9 0.1 0.8 -0.1 0.9 0.1 0.8 0.0
2018.P Aug. 3.0 0.0 2.9 -0.3 12.2 -0.6 2.9 0.0 72.13 1.3 0.5 0.9 0.3 1.2 0.7 0.9 0.5
Bloomberg
(※) Family Income and Expenditure Survey: Two-or-more-person households (Including agricultural, forestry and fisheries households) in and after January 2000.Figures form January 2018 are "discontinuity-adjusted figures"
Current Survey of Commerce: Data is compared to them of previous year or month after store adjustment. Corporate Goods Price Index: Changed to the 2015 base CGPI in January 2017. Consumer Price Index: Base year changed in August 2016.
DomesticAll Japan Ku-area of Tokyo
★Average
Propensityto
Consume●
DepartmentStores
SuperMarket
Domestic usingchain-weightedindex formula
Family Income and ExpenditureSurvey Current Survey of Commerce Corporate Goods Price Index Crude oil
price<Dubai>
Consumer Price IndexLiving
Expenditure(Two-or-more-person households)
WorkersHouse-holds Sales of
Retails
Sales of Departmentstores andSupermarkets
General□ ★ (※) ★ ☆ ★ ☆
Export(Yen basis)
Import(Yen basis)
2015 = 100 (※) %
★ ☆ ★ ☆Average
★
GeneralGeneral excludingFresh Food
General excludingFresh Food
Released by Ministry of Internal Affairs andCommunications
Ministry of Economy Trade andIndustry Bank of Japan Ministry of Internal Affairs and Communications
Yen (During monthor average during
year)% % 2015 = 100 (※) % $ / bl
― 64 ―
〔Foreign Trade Statistics〕
CY * 1970 6,954.4 20.8 - - - - - - - - - 6,797.2 25.7 - - - - - - - - -
* 1975 16,545.3 2.1 - - - - - - - - - 17,170.0 -5.0 - - - - - - - - -
* 1980 29,382.5 30.4 - 4,844.6 4,090.9 515.0 - 5,265.9 7,118.1 3,766.4 8,258.5 31,995.3 32.0 - 3,326.4 21,364.7 13,176.9 2,239.3 233.6 5,558.1 1,779.9 8,271.6
* 1985 41,955.7 4.0 - 4,430.0 7,039.5 1,857.9 - 8,195.1 15,582.7 4,768.0 11,046.0 31,084.9 -3.8 - 3,718.8 17,729.8 9,732.2 2,971.4 370.4 6,213.4 2,126.9 8,867.9
* 1990 41,456.9 9.6 - 2,824.6 9,175.7 2,980.0 - 7,358.7 13,056.6 7,733.9 12,884.2 33,855.2 16.8 - 4,572.4 12,217.5 5,853.5 5,903.2 753.9 7,585.9 5,070.7 9,733.2
* 1995 41,530.9 2.6 - 2,699.1 10,009.7 2,889.2 10,646.6 4,979.7 11,333.0 6,600.1 18,081.3 31,548.8 12.3 - 4,783.8 8,107.2 3,358.9 7,997.0 1,481.4 7,076.4 4,579.7 11,566.1
* 2000 51,654.2 8.6 - 2,851.6 11,096.4 3,094.2 13,670.2 6,930.1 15,355.9 8,431.9 21,254.2 40,938.4 16.1 - 4,966.4 10,958.6 5,772.0 12,924.0 2,904.2 7,778.9 5,042.9 17,062.7
2002 52,109.0 6.4 - 3,227.4 10,598.8 3,005.3 11,924.2 8,774.6 14,873.3 7,662.9 22,438.7 42,227.5 -0.4 - 5,282.3 10,695.7 5,395.8 13,434.3 2,697.5 7,237.2 5,482.4 18,358.4
2003 54,548.4 4.7 - 3,388.5 11,024.8 2,619.1 12,857.2 8,895.0 13,412.2 8,351.4 25,318.3 44,362.0 5.1 - 5,104.6 12,008.4 6,324.2 13,973.6 2,744.8 6,825.0 5,670.0 19,726.8
2004 61,170.0 12.1 - 4,060.5 12,607.0 2,611.3 14,373.3 9,214.2 13,730.7 9,461.6 29,636.8 49,216.6 10.9 - 5,302.2 13,749.5 7,256.6 15,394.0 2,879.8 6,763.4 6,209.2 22,224.2
2005 65,656.5 7.3 - 4,769.9 13,352.4 2,574.7 14,549.2 9,928.8 14,805.5 9,651.8 31,795.6 56,949.4 15.7 - 5,558.8 18,065.0 10,301.0 16,814.7 3,027.3 7,074.3 6,470.2 25,278.7
2006 75,246.2 14.6 - 5,783.3 14,800.0 2,730.1 16,075.7 12,299.5 16,933.6 10,911.7 35,775.7 67,344.3 18.3 - 5,709.6 23,389.9 13,401.8 19,206.1 3,049.6 7,911.2 6,955.2 29,360.1
2007 83,931.4 11.5 - 6,718.8 16,631.4 2,911.6 16,949.8 14,317.0 16,896.2 12,397.9 40,400.1 73,135.9 8.6 - 6,040.8 25,876.4 14,260.4 20,239.1 2,778.4 8,348.7 7,662.7 31,563.9
2008 81,018.1 -3.5 - 7,152.1 15,927.7 2,532.8 15,368.1 13,736.1 14,214.3 11,429.8 39,966.2 78,954.8 8.0 - 6,211.8 33,196.7 18,640.8 18,736.4 2,533.8 8,039.6 7,291.7 32,033.9
2009 54,170.6 -33.1 - 4,724.9 9,668.5 1,710.4 10,771.1 6,693.3 8,733.4 6,749.2 29,338.3 51,499.4 -34.8 - 4,999.4 17,596.7 8,708.9 13,518.1 1,869.2 5,512.4 5,517.6 22,989.3
2010 67,399.6 24.4 - 5,992.5 13,316.6 1,811.0 12,650.5 9,174.1 10,374.0 7,615.8 37,827.4 60,765.0 18.0 - 5,199.4 22,163.8 10,998.7 16,070.3 2,199.6 5,911.4 5,821.0 27,511.1
2011 65,546.5 -2.7 - 5,997.1 13,803.3 1,582.3 11,600.1 8,204.2 10,017.7 7,619.3 36,685.9 68,111.2 12.1 - 5,854.2 27,086.5 13,640.9 16,176.2 2,131.6 5,931.4 6,411.0 30,391.3
2012 63,747.6 -2.7 - 5,805.4 12,842.8 1,470.3 11,405.1 9,225.0 11,188.4 6,500.6 34,855.0 70,688.6 3.8 - 5,852.3 28,856.2 14,709.0 17,333.7 2,164.8 6,082.1 6,641.8 31,305.7
2013 69,774.2 9.5 - 6,352.3 13,359.0 1,644.8 12,051.6 10,412.5 12,928.2 7,000.2 37,866.6 81,242.5 14.9 - 6,473.1 32,801.4 16,950.2 20,816.8 2,522.6 6,814.8 7,648.9 35,971.5
2014 73,093.0 4.8 - 6,598.1 14,218.4 1,633.9 12,650.0 10,919.4 13,649.3 7,585.3 39,518.2 85,909.1 5.7 - 6,731.8 33,282.1 16,580.9 23,248.7 2,714.8 7,542.7 8,168.8 38,618.1
2015 75,613.9 3.4 - 6,314.9 14,423.9 1,660.0 13,288.7 12,046.3 15,224.6 7,985.1 40,328.7 78,405.5 -8.7 - 7,002.1 23,071.2 10,006.3 24,274.4 2,578.0 8,059.8 8,625.0 38,358.5
2016 70,035.8 -7.4 - 5,219.5 13,613.5 1,411.6 12,322.5 11,332.9 14,142.9 7,981.7 37,107.0 66,042.0 -15.8 - 6,362.9 16,064.1 6,606.3 22,131.0 2,268.8 7,322.1 8,151.7 33,198.8
2017 78,286.5 11.8 - 5,906.8 15,684.8 1,531.7 13,695.3 11,825.4 15,113.5 8,656.9 42,920.0 75,379.2 14.1 - 7,017.6 20,565.0 8,699.2 24,489.9 2,560.1 8,090.3 8,756.6 37,026.1
2016. Oct.-Dec. 18,505.6 -1.9 - 1,324.7 3,558.4 370.8 3,337.9 3,080.4 3,778.1 1,994.7 10,098.2 17,242.0 -9.3 - 1,675.1 4,333.5 1,789.3 5,853.6 593.2 1,899.3 2,114.4 8,542.3
2017. Jan.-Mar. 18,996.1 8.5 - 1,446.6 3,799.3 376.5 3,209.1 2,795.1 3,630.3 2,097.9 10,232.1 18,693.1 8.8 - 1,589.3 5,451.9 2,383.1 5,924.5 664.6 2,002.6 2,084.9 9,075.6
2017. Apr.-June 18,789.8 10.5 - 1,435.9 3,818.4 361.0 3,223.7 2,779.6 3,621.1 2,136.8 10,258.8 18,082.7 16.2 - 1,781.5 4,861.0 1,935.1 5,790.5 610.8 2,034.0 2,117.2 8,779.3
2017. July-Sept. 19,583.8 15.1 - 1,459.4 3,870.8 386.4 3,521.4 2,967.4 3,799.7 2,159.2 10,709.7 18,426.6 14.8 - 1,771.8 4,796.8 1,941.0 6,015.1 626.8 2,006.4 2,196.4 9,123.4
2017. Oct.-Dec. 20,916.8 13.0 - 1,565.0 4,196.4 407.8 3,741.1 3,283.2 4,062.4 2,263.0 11,719.4 20,176.9 17.0 - 1,875.1 5,455.3 2,440.0 6,759.9 657.9 2,047.2 2,358.1 10,047.8
2018. Jan.-Mar. 19,932.2 4.9 - 1,541.2 4,128.0 354.3 3,321.6 3,053.9 3,698.7 2,301.7 10,761.3 20,087.3 7.5 - 1,701.2 5,985.5 2,631.7 6,286.9 711.9 2,095.7 2,372.0 9,646.9
2018. Apr.-June 20,199.1 7.5 - 1,568.4 4,159.7 362.6 3,480.2 2,968.4 3,724.5 2,310.4 11,088.9 19,443.3 7.5 - 1,850.8 5,435.6 2,334.1 6,080.2 584.1 2,179.6 2,302.7 9,215.5
2017. June 6,608.0 9.7 -1.0 491.5 1,335.0 123.2 1,133.6 1,045.1 1,304.2 726.3 3,577.7 6,174.7 15.7 0.6 601.4 1,587.8 593.3 2,045.8 226.4 717.0 726.8 3,018.0
2017. July 6,494.6 13.4 3.0 480.4 1,304.0 128.0 1,134.5 1,022.4 1,318.8 721.0 3,494.6 6,088.0 16.5 -1.0 586.5 1,628.7 646.5 2,007.4 219.2 673.6 688.9 3,031.6
2017. Aug. 6,278.5 18.1 1.4 476.2 1,235.5 130.9 1,148.8 890.0 1,183.4 671.8 3,510.6 6,181.7 15.5 0.0 605.7 1,670.0 673.1 1,916.5 198.3 650.1 757.1 3,000.6
2017. Sept. 6,810.7 14.1 -0.7 502.7 1,331.3 127.5 1,238.1 1,055.0 1,297.5 766.5 3,704.4 6,156.9 12.3 2.1 579.7 1,498.1 621.4 2,091.2 209.3 682.8 750.4 3,091.1
2017. Oct. 6,692.9 14.0 2.3 497.3 1,309.7 134.5 1,193.6 1,058.7 1,281.8 753.4 3,712.1 6,414.4 19.0 -0.1 613.8 1,625.1 702.1 2,151.4 203.0 637.9 803.9 3,205.1
2017. Nov. 6,920.0 16.2 1.7 514.3 1,372.0 131.8 1,233.3 1,108.7 1,368.5 717.4 3,894.5 6,814.8 17.3 2.5 644.1 1,763.7 779.1 2,336.2 222.4 709.5 767.6 3,459.9
2017. Dec. 7,303.9 9.4 0.7 553.3 1,514.7 141.5 1,314.3 1,115.8 1,412.1 792.2 4,112.8 6,947.7 15.0 5.1 617.3 2,066.5 958.8 2,272.3 232.5 699.9 786.6 3,382.8
2018. Jan. 6,086.3 12.3 -1.1 485.4 1,190.7 114.6 1,030.3 865.0 1,066.6 717.4 3,351.0 7,034.5 7.8 -7.4 583.0 2,034.3 888.6 2,232.3 239.8 717.0 818.4 3,464.1
2018. Feb. 6,463.3 1.8 -0.6 489.6 1,308.7 112.7 1,052.2 1,092.4 1,276.2 780.9 3,376.1 6,463.4 16.6 10.4 558.0 1,946.7 840.3 1,949.6 225.4 645.6 734.1 3,150.8
2018. Mar. 7,382.7 2.1 -2.9 566.3 1,628.6 127.0 1,239.1 1,096.5 1,355.9 803.4 4,034.2 6,589.3 -0.5 -6.6 560.3 2,004.6 902.8 2,104.9 246.7 733.1 819.4 3,031.9
2018. Apr. 6,822.3 7.8 4.4 495.7 1,404.8 122.0 1,160.9 1,071.2 1,286.4 819.3 3,654.4 6,201.6 6.0 -1.5 603.7 1,769.2 793.0 1,897.2 195.9 671.2 716.4 2,941.3
2018. May 6,323.6 8.1 -0.7 525.6 1,307.9 117.7 1,094.0 862.9 1,145.9 697.2 3,550.4 6,906.9 14.1 10.3 644.7 1,965.3 836.8 2,160.5 199.9 806.1 821.3 3,206.7
2018. June 7,053.2 6.7 -0.1 547.1 1,447.0 122.9 1,225.3 1,034.4 1,292.2 793.9 3,884.2 6,334.8 2.6 -5.3 602.3 1,701.0 704.3 2,022.5 188.2 702.3 764.9 3,067.5
2018. July 6,747.9 3.9 1.0 526.5 1,367.2 129.5 1,214.7 993.7 1,250.6 767.0 3,775.2 P 6,979.9 14.6 2.9 615.5 2,025.7 926.8 2,167.8 211.6 748.2 889.8 3,242.2
(※) Including "Gold ore" and "Non-monetary gold" in and after January 1976. EU: 10 countries since 1981, 12 countries since 1986, 15 countries since 1995, 25 countries since 2004, and 27 countries since 2007.
toAsia Total Food-
stuffCrude
Materialsand Fuels
fromU.S.A
fromAsia★ ☆
OfficeMachi-nary
Passen-gerCars
★ ☆
Crude Oiland
PetroleumProducts
OfficeMachi-nary
Exports Imports
Total Metals toU.S.A
toEU
fromEU
Machi-nery andEquip-ments
ElectricEquip-ments
Machi-nery andEquip-ments
Released by Ministry of Finance
Billion Yen % Billion Yen Billion Yen % Billion Yen
Exports and Imports on a Customs Clearance Basis (※)
― 65 ―
〔Foreign Trade Statistics (Continued)〕
CY * 1970 52.7 48.4 - 17.5 15.1 18.1 20.7
* 1975 77.8 98.8 - 28.2 2.2 22.3 -12.5
* 1980 89.1 147.9 - 43.7 17.2 27.7 -5.5
* 1985 89.4 131.1 - 62.1 4.4 30.2 0.3
* 1990 76.9 89.7 - 71.3 5.6 48.2 5.7
* 1995 71.3 60.7 117.5 77.0 3.8 66.3 12.4
* 2000 71.1 63.7 111.6 96.1 9.5 82.0 11.0
2002 73.4 65.7 111.7 93.9 7.9 82.0 2.0
2003 73.2 64.5 113.5 98.5 4.9 87.8 7.1
2004 74.2 66.8 111.1 109.0 10.7 93.9 6.9
2005 79.0 75.2 105.1 109.9 0.8 96.6 2.9
2006 84.1 85.6 98.2 118.4 7.7 100.4 3.8
2007 89.5 93.1 96.1 124.1 4.8 100.2 -0.2
2008 87.7 101.1 86.7 122.2 -1.5 99.6 -0.6
2009 79.9 77.0 103.8 89.7 -26.6 85.3 -14.4
2010 80.0 79.8 100.3 111.4 24.2 97.1 13.9
2011 80.9 87.2 92.8 107.2 -3.8 99.6 2.6
2012 82.7 88.4 93.6 102.0 -4.8 102.0 2.4
2013 91.8 101.3 90.6 100.5 -1.5 102.3 0.3
2014 95.7 106.5 89.9 101.1 0.6 102.9 0.6
2015 100.0 100.0 100.0 100.0 -1.0 100.0 -2.8
2016 92.2 85.3 108.1 100.5 0.5 98.8 -1.2
2017 97.8 93.4 104.7 105.9 5.4 102.9 4.2
2016. Oct.-Dec. 92.3 86.5 106.7 106.1 5.2 101.7 0.6
2017. Jan.-Mar. 98.1 94.0 104.4 102.5 5.6 101.4 2.5
2017. Apr.-June 96.4 92.0 104.8 103.1 4.7 100.3 5.9
2017. July-Sept. 97.1 91.8 105.8 106.6 6.2 102.4 2.7
2017. Oct.-Dec. 99.5 95.9 103.8 111.2 4.8 107.3 5.5
2018. Jan.-Mar. 98.8 97.4 101.4 106.7 4.1 105.2 3.7
2018. Apr.-June 98.2 97.6 100.6 108.9 5.6 101.7 1.4
2017. June 95.9 92.0 104.2 109.4 4.8 102.7 5.1
2017. July 97.5 91.8 106.2 105.8 4.0 101.5 4.0
2017. Aug. 96.4 91.1 105.8 103.3 10.9 103.9 4.0
2017. Sept. 97.5 92.6 105.3 110.8 4.2 101.8 0.3
2017. Oct. 98.6 94.9 103.9 107.7 4.1 103.5 5.5
2017. Nov. 100.2 95.5 104.9 109.6 5.7 109.2 4.0
2017. Dec. 99.9 97.2 102.8 116.1 4.6 109.4 7.0
2018. Jan. 100.3 98.1 102.2 96.3 10.8 109.8 3.3
2018. Feb. 99.7 97.3 102.5 102.9 -0.8 101.6 13.8
2018. Mar. 96.7 96.8 99.9 121.2 3.6 104.2 -4.2
2018. Apr. 97.0 95.5 101.6 111.7 7.2 99.4 2.1
2018. May 98.4 98.4 100.0 102.0 6.4 107.5 6.6
2018. June 99.1 98.9 100.2 112.9 3.2 98.1 -4.5
2018. July 100.4 P 101.2 P 99.2 106.7 0.9 P 105.6 4.1
(※) Base year changed in August 2018.
ImportsTerms
Classification ofTrade
Exports Imports★ ★
2015 = 100 (※) %
Released by Ministry of Finance
Indexes of TradeUnit Value Quantum Index
Exports
〔Balance of Payments〕
★ ★
CY * 1970 - - - -- -- - - -
- - - -- - - - - -
- - - - - - - - - -
- - - -- -- - - -
- - - - - - - - - -
- - - -- -- - - -
* 1975* 1980* 1985* 1990* 1995* 2000 14,061.6 7,429.8 12,698.3 48,963.5 8.2 36,265.2 16.5 -5,268.5 7,691.4 -1,059.6
2002 13,683.7 6,469.0 12,121.1 48,902.9 6.2 36,781.7 7,810.5
2003 16,125.4 8,355.3 12,463.1 51,329.2 5.0 38,866.0 8,639.8
2004 19,694.1 10,196.1 14,423.5 57,703.6 12.4 43,280.1 10,348.8
2005 18,727.7 7,693.0 11,771.2 63,009.4 9.2 51,238.2 11,850.3
-595.8
-869.7
-850.9
-815.7
2006 20,330.7 7,346.0 11,070.1 72,026.8 14.3 60,956.7
-1.1
5.7
11.4
18.4
19.0
-5,652.1
-4,107.8
-4,227.4
-4,078.2
-3,724.1 14,227.7 -1,242.9
2007 24,949.0 9,825.3 14,187.3 80,023.6 11.1 65,836.4 8.0 16,481.8
2008 14,878.6 1,889.9 5,803.1 77,611.1 -3.0 71,808.1 9.1 14,340.2
2009 13,592.5 2,124.9 5,387.6 51,121.6 45,734.0 12,631.2
2010 19,382.8 6,857.1 9,516.0 64,391.4 54,875.4 13,617.3
2011 10,401.3 -3,110.1 -330.2 62,965.3
-34.1
26.0
-2.2 63,295.5
-36.3
20.0
15.3
-4,362.0
-3,913.1
-3,262.7
-2,658.8
-2,779.9 14,621.0
-1,358.1
-1,351.5
-1,163.5
-1,091.7
-1,109.6
2012 4,764.0 -8,082.9 61,956.8 66,228.7 4.6 13,991.4
2013 4,456.6
-4,271.9
-8,773.4 67,829.0 76,602.4 15.7 17,697.8
2014 3,921.5 74,074.7 84,540.0 10.4 19,414.8
2015 16,519.4 75,274.2 76,160.4 -9.9 21,303.2
2016 21,061.5
-12,252.1
-13,498.8
-2,816.9
4,388.8
-10,465.3
-886.2
5,517.6 69,092.7
-1.6
9.5
9.2
1.6
-8.2 63,575.1 -16.5
-3,811.0
-3,478.6
-3,033.5
-1,930.7
-1,128.8 18,818.3
-1,144.5
-989.2
-1,994.5
-1,966.9
-2,145.6
2017 21,951.4 4,229.7 4,955.4 77,285.5 11.9 72,330.1 13.8 -725.7 19,837.4 -2,115.7
4,033.5 1,162.3 1,757.2 18,450.4 16,693.1 3,315.3
6,020.8 1,111.2 1,086.4 19,077.3 17,990.8 5,531.8
4,598.8 669.6 957.4 18,275.8 17,318.3 4,333.2
7,006.1 1,493.6 1,758.8 19,292.5 17,533.6 6,079.2
4,325.7 955.2 1,152.7 20,640.0 19,487.3 3,893.1
5,882.1 937.3 724.6 20,116.1 19,391.5 5,607.3
2016. Oct.-Dec.2017. Jan.-Mar.2017. Apr.-June2017. July-Sept.2017. Oct.-Dec.2018. Jan.-Mar.2018.P Apr.-June 4,958.9 456.1 1,090.4 19,930.5
-0.6
9.9
10.6
15.2
11.9
5.4
9.1 18,840.1
-10.0
8.7
14.9
14.9
16.7
7.8
8.8
-594.9
24.8
-287.8
-265.2
-197.5
212.7
-634.3 4,925.0
-444.2
-622.2
-404.1
-566.7
-522.7
-662.5
-422.2
2017. June 925.2 445.8 513.3 6,379.5 9.2 5,866.2 15.2 -67.5 525.7 -46.3
2017. July 2,347.1 340.1 565.9 6,374.2 14.6 5,808.3 17.2 2,163.0
2017. Aug. 2,400.7 352.3 334.6 6,184.0 16.6 5,849.4 15.1 2,247.9
2017. Sept. 2,258.3 801.2 858.3 6,734.3 14.4 5,876.0 12.5 1,668.3
2017. Oct. 2,188.5 406.4 428.6 6,579.7 14.2 6,151.1 18.4 1,942.6
2017. Nov. 1,340.7 218.0 199.1 6,789.6 14.2 6,590.4 17.5 1,330.2
2017. Dec. 796.5 330.8 525.0 7,270.7 7.9 6,745.8 14.6 620.3
2018. Jan. 592.4 6,234.9 12.7 6,895.6 8.0 1,529.0
2018. Feb. 2,108.2 6,427.6 0.9 6,229.9 17.8 1,946.8
2018. Mar. 3,181.6
-823.8
345.3
1,415.8 7,453.7 3.8 6,266.1 2,131.5
2018.P Apr. 1,845.1 72.3 6,632.1 7.4 6,058.3 1,939.4
2018.P May 1,938.3 6,323.2 10.6 6,627.1 2,398.0
2018.P June 1,175.6 6,975.2 9.3 6,154.8 587.6
2018.P July 2,009.7
-261.6
645.3
-175.4
-660.7
197.7
1,187.6
573.8
-303.8
820.5
-1.0 6,770.8 6.2 6,771.7
-0.7
7.7
13.7
4.9
16.6
-225.8
17.7
-57.1
-22.3
18.9
-194.1
-163.1
147.6
228.2
-501.5
42.3
-175.1
-174.4 2,354.9
-156.1
-199.5
-211.2
-160.5
-207.5
-154.6
-112.9
-183.9
-365.7
-166.6
-198.2
-57.3
-169.8
(※) Figures are based on the IMF Balance of Payments Manual 6th Edition.
Second-ary
IncomeTrade Balance
ServicesExports Imports
Billion Yen %Billion
Yen % Billion Yen
Released by Ministry of Finance
Balance of Payments (IMF Basis Not-seasonally Adjusted) (※)Current Account
Goods and ServicesPrimaryIncome
― 66 ―
〔Balance of Payments (Continued)〕
(※)
☆ ☆ Average
CY * 1970 - - - - - - - - - - - - - - - - - - 4,399 - ~ - -
* 1975 - - - - - - - - - - - - - - - - - - 12,815 285.00 ~ 306.85 296.85
* 1980 - - - - - - - - - - - - - - - - - - 25,232 203.00 ~ 262.50 226.45
* 1985 - - - - - - - - - - - - - - - - - - 26,510 200.35 ~ 263.40 238.05
* 1990 - - - - - - - - - - - - - - - - - - 77,053 124.30 ~ 160.10 144.88
* 1995 - - - - - - - - - - - - - - - - - - 182,820 80.30 ~ 104.25 93.31
* 2000 -994.7 14,875.7 3,690.0 3,847.0 509.0 1,568.8 5,260.9 1,808.8 - - - - - - - - - - 361,638 102.50 ~ 114.90 107.78
2002 -421.7 13,396.8 2,433.1 13,148.6 -263.0 -7,718.9 5,796.9 134.8 - - - - - - - - - - 469,728 115.90 ~ 134.80 125.14
2003 -467.2 13,686.0 2,964.3 11,473.1 -607.4 -21,672.8 21,528.8 -1,972.2 - - - - - - - - - - 673,529 107.03 ~ 120.95 115.94
2004 -513.4 16,092.8 3,578.9 -2,340.3 -259.0 -2,154.2 17,267.5 -3,087.9 - - - - - - - - - - 844,543 102.20 ~ 114.40 108.17
2005 -549.0 16,344.4 5,170.3 1,070.0 802.3 6,845.6 2,456.2 -1,834.3 - - - - - - - - - - 846,897 102.15 ~ 121.35 110.13
2006 -553.3 16,049.4 7,019.1 -14,796.1 -283.5 20,390.3 3,719.6 -3,728.0 - - - - - - - - - - 895,320 109.65 ~ 119.75 116.31
2007 -473.1 26,377.5 6,020.3 -8,251.5 -324.9 24,636.2 4,297.4 1,901.6 - - - - - - - - - - 973,365 108.25 ~ 123.95 117.76
2008 -558.3 18,650.2 8,924.3 28,188.7 -2,456.2 -19,206.7 3,200.1 4,329.9 - - - - - - - - - - 1,030,647 87.50 ~ 110.30 103.39
2009 -465.3 15,629.2 5,729.4 19,948.5 -948.7 -11,626.6 2,526.5 2,501.9 - - - - - - - - - - 1,049,397 86.00 ~ 100.80 93.61
2010 -434.1 21,709.9 6,251.1 12,701.4 -1,026.2 -8.9 3,792.5 2,761.2 - - - - - - - - - - 1,096,185 80.56 ~ 94.40 87.75
2011 28.2 12,629.4 9,310.1 -13,524.5 -1,347.0 4,401.0 13,789.7 2,199.8 - - - - - - - - - - 1,295,841 75.86 ~ 85.30 79.76
2012 -80.4 4,192.5 9,359.1 2,443.5 590.3 -5,149.0 -3,051.5 -491.1 - - - - - - - - - - 1,268,125 76.14 ~ 86.55 79.79
2013 -743.6 -408.7 14,245.9 -26,565.2 5,551.6 2,508.5 3,850.4 -4,121.7 - - - - - - - - - - 1,266,815 87.45 ~ 105.30 97.71
2014 -208.9 6,278.2 12,587.7 -4,833.0 3,764.4 -6,130.6 889.8 2,565.6 - - - - - - - - - - 1,260,548 100.95 ~ 121.52 105.66
2015 -271.4 21,876.4 16,131.9 16,029.4 2,143.9 -13,053.9 625.1 5,628.3 - - - - - - - - - - 1,233,214 116.41 ~ 125.35 120.87
2016 -743.3 28,276.4 14,529.3 29,649.6 -1,658.2 -13,666.2 -578.0 7,958.3 - - - - - - - - - - 1,216,903 99.80 ~ 121.30 108.77
2017 -287.2 17,664.2 16,827.1 -5,968.0 3,456.1 697.2 2,651.8 -4,000.0 - - - - - - - - - - 1,264,283 108.30 ~ 117.93 112.13
2016. Oct.-Dec. -98.8 1,035.2 4,027.8 -5,543.3 1,638.5 1,300.0 -387.9 -2,899.5 5,271.8 1,367.6 1,695.2 18,028.7 6.4 16,333.6 5.3 -327.5 4,426.3 -522.1 1,216,903 101.41 ~ 118.20 109.43
2017. Jan.-Mar. -67.1 5,609.1 6,066.5 -4,145.1 1,195.6 1,325.6 1,166.4 -344.7 5,360.0 896.8 1,294.0 18,835.2 4.5 17,541.1 7.4 -397.3 4,925.9 -462.8 1,230,330 110.39 ~ 117.93 113.56
2017. Apr.-June -142.4 4,398.2 3,583.1 -1,235.6 -191.7 1,717.9 524.6 -58.2 4,993.6 661.8 819.0 18,686.1 -0.8 17,867.0 1.9 -157.2 4,825.3 -493.5 1,249,847 108.30 ~ 114.15 111.06
2017. July-Sept. -20.3 4,581.7 3,464.6 4,855.1 532.0 -5,223.0 953.1 -2,404.1 5,805.6 1,320.1 1,578.3 19,486.7 4.3 17,908.4 0.2 -258.2 5,081.5 -596.1 1,266,310 108.36 ~ 114.18 110.97
2017. Oct.-Dec. -57.4 3,075.3 3,713.0 -5,442.4 1,920.2 2,876.8 7.7 -1,193.0 5,894.8 1,386.7 1,290.6 20,145.7 3.4 18,855.1 5.3 96.1 5,113.6 -605.4 1,264,283 111.18 ~ 114.37 112.95
2018. Jan.-Mar. -87.5 7,562.2 3,616.7 8,339.3 -404.9 -4,774.4 785.6 1,767.6 4,683.7 513.5 729.9 19,946.5 -1.0 19,216.7 1.9 -216.4 4,677.9 -507.6 1,268,287 104.90 ~ 112.79 108.12
2018. Apr.-June P -55.8 4,366.7 3,563.1 -1,756.3 185.1 1,522.4 852.5 -536.4 5,498.0 506.1 992.7 20,389.9 2.2 19,397.2 0.9 -486.6 5,491.1 -499.3 1,258,748 105.89 ~ 111.04 109.07
2017. July -14.7 1,007.8 1,205.3 6,301.3 371.5 -6,914.3 44.1 -1,324.5 1,864.9 406.2 513.6 6,469.8 4.7 5,956.1 -0.2 -107.4 1,646.9 -188.3 1,260,040 110.55 ~ 114.18 112.44
2017. Aug. -1.3 1,733.7 611.9 -1,416.8 -1.6 2,246.2 294.1 -665.7 2,103.0 514.6 574.9 6,536.4 1.0 5,961.5 0.1 -60.3 1,797.9 -209.5 1,268,006 108.80 ~ 110.75 109.91
2017. Sept. -4.4 1,840.2 1,647.4 -29.4 162.1 -554.9 614.9 -413.8 1,837.7 399.3 489.8 6,480.6 -0.9 5,990.8 0.5 -90.5 1,636.7 -198.3 1,266,310 108.36 ~ 112.89 110.68
2017. Oct. -17.1 -537.8 804.0 -2,157.0 513.3 334.5 -32.7 -2,709.2 2,296.1 728.6 535.2 6,649.0 2.6 6,113.7 2.1 193.4 1,746.7 -179.3 1,260,925 112.00 ~ 114.15 112.96
2017. Nov. -21.7 1,748.6 652.7 -1,956.2 589.9 2,599.5 -137.2 429.6 1,865.2 403.6 482.4 6,772.2 1.9 6,289.8 2.9 -78.8 1,660.5 -198.9 1,261,242 111.18 ~ 114.37 112.92
2017. Dec. -18.7 1,864.5 2,256.3 -1,329.2 816.9 -57.2 177.6 1,086.6 1,733.5 254.5 273.0 6,724.5 -0.7 6,451.6 2.6 -18.5 1,706.3 -227.3 1,264,283 112.36 ~ 113.63 112.97
2018. Jan. -26.0 1,250.2 1,934.3 4,979.5 200.2 -6,379.8 516.0 683.9 1,862.7 442.4 525.7 6,866.6 2.1 6,340.9 -1.7 -83.2 1,574.0 -153.8 1,268,535 108.78 ~ 112.79 110.77
2018. Feb. -12.3 1,706.3 880.0 -1,541.6 -408.4 2,394.2 382.0 -389.6 993.3 -284.5 -281.9 6,514.3 -5.1 6,796.2 7.2 -2.5 1,468.6 -190.8 1,261,749 105.70 ~ 109.95 107.82
2018. Mar. -49.1 4,605.7 802.4 4,901.4 -196.7 -788.9 -112.5 1,473.2 1,827.6 355.5 486.1 6,565.6 0.8 6,079.5 -10.5 -130.6 1,635.2 -163.1 1,268,287 104.90 ~ 106.70 106.00
2018. Apr. P 4.5 425.4 1,364.8 -1,986.1 -206.2 1,364.9 -112.1 -1,424.2 1,885.5 520.0 668.7 6,863.1 4.5 6,194.4 1.9 -148.7 1,508.5 -142.9 1,256,018 105.89 ~ 109.37 107.43
2018. May P -14.5 3,320.8 565.1 1,954.9 218.9 211.9 370.0 1,397.0 1,850.0 -93.7 78.9 6,762.5 -1.5 6,683.6 7.9 -172.6 2,102.8 -159.1 1,254,477 108.50 ~ 111.04 109.69
2018. June P -45.7 620.6 1,633.3 -1,725.2 172.4 -54.5 594.6 -509.3 1,762.4 79.8 245.1 6,764.3 0.0 6,519.2 -2.5 -165.3 1,879.8 -197.2 1,258,748 109.05 ~ 110.70 110.03
2018. July P -14.3 -831.9 1,133.4 2,962.3 167.4 -5,277.3 182.3 -2,827.3 1,484.7 82.4 157.8 6,882.9 1.8 6,725.1 3.2 -75.3 1,607.0 -204.7 1,256,276 110.35 ~ 112.95 111.37
2018. Aug. 1,259,305 109.92 ~ 111.83 111.06
#
Gold & Foreign Exchange Reserves: Figures are end of year or month.
Goods and ServicesPrimaryIncome
Inter-Bank RatesU.S.Dollar Spot
Central rateTrade Balance
ServicesIncluding
GoldTranche
BillionYen % Billion Yen
Foreign ExchangeRates
CapitalAccount
Financial Account Net Errors
andOmissions
Current Account (Seasonally Adjusted)
DirectInvest-ment
# Figures are calculated by Policy Planning and Research Division , Minister's Secretariat, Ministry of Finance.
MillionDollar Yen Per 1 Dollar
Released by Ministry of Finance Bank of Japan(※) Figures are based on the IMF Balance of Payments Manual 6th Edition.
Billion Yen Billion Yen %
Balance of Payments (IMF Basis) Continued (※) Gold &Foreign
ExchangeReserves
Exports ImportsHigh-Low
Second-ary
Income
PortfolioInvest-ment
FinancialDerivatives(other thanReserves)
OtherInvest-ment
ReserveAssets
― 67 ―
〔National Accounts〕
□ FY FY FY FY □ □ □ □
CY * 1970 - - - - - - - - - - - - - - - - - - - - - - - - - -
* 1975 - - - - - - - - - - - - - - - - - - - - - - - - - -
* 1980 24,283.9 28,437.5 - - - - - - - - 13,224.7 - - 54.5 3,886.9 - - 16.0 166.8 - - 0.7 1,534.1 - - 6.3
* 1985 32,540.2 35,060.2 7.4 7.2 6.3 6.3 7.6 7.3 6.6 6.7 17,670.7 5.7 4.1 54.3 5,362.9 17.6 17.9 16.5 180.5 *** *** 0.6 1,459.1 3.4 2.8 4.5
* 1990 44,278.1 44,737.0 8.0 8.6 5.6 6.2 7.9 8.4 5.1 5.6 23,470.4 7.9 5.2 53.0 8,871.2 12.1 9.5 20.0 236.8 *** *** 0.5 2,461.7 7.9 4.1 5.6
* 1995 51,254.2 43,710.0 2.2 2.7 2.7 3.4 2.2 2.8 3.0 3.8 27,416.5 2.1 2.5 53.5 8,045.0 6.5 8.3 15.7 163.2 *** *** 0.3 2,519.4 -5.5 -4.8 4.9
1997 53,414.3 45,549.9 1.6 0.9 1.1 0.0 1.7 0.9 0.9 0.1 28,519.2 1.9 0.7 53.4 8,641.8 3.5 4.0 16.2 272.7 *** *** 0.5 2,531.3 -10.1 -11.6 4.7
1998 52,787.7 45,036.0 -1.2 -1.4 -1.1 -0.9 -1.2 -1.5 -1.0 -0.9 28,349.0 -0.6 -0.6 53.7 8,451.2 -2.2 -1.2 16.0 176.2 *** *** 0.3 2,149.4 -15.1 -13.4 4.1
1999 51,965.2 44,922.5 -1.6 -0.8 -0.3 0.7 -1.6 -0.6 -0.2 0.8 28,479.4 0.5 1.2 54.8 7,876.4 -6.8 -4.9 15.2 -358.4 *** *** -0.7 2,125.8 -1.1 0.1 4.1
2000 52,670.6 46,171.2 1.4 1.2 2.8 2.5 1.6 1.5 2.7 2.6 28,658.9 0.6 1.6 54.4 8,276.8 5.1 6.4 15.7 -42.0 *** *** -0.1 2,127.6 0.1 0.1 4.0
2001 52,300.5 46,358.8 -0.7 -1.8 0.4 -0.6 -0.6 -1.8 0.4 -0.7 28,893.3 0.8 1.9 55.2 8,061.7 -2.6 0.0 15.4 18.1 *** *** 0.0 2,011.2 -5.5 -4.4 3.8
2002 51,598.6 46,413.5 -1.3 -0.8 0.1 0.9 -1.4 -1.0 0.1 0.8 28,826.4 -0.2 1.2 55.9 7,413.2 -8.0 -5.8 14.4 -185.0 *** *** -0.4 1,925.0 -4.3 -3.1 3.7
2003 51,540.1 47,122.8 -0.1 0.6 1.5 2.0 0.0 0.9 1.5 2.2 28,715.0 -0.4 0.7 55.7 7,398.1 -0.2 2.4 14.4 -22.8 *** *** -0.0 1,897.5 -1.4 -1.3 3.7
2004 52,096.5 48,161.7 1.1 0.6 2.2 1.6 1.4 0.9 2.3 1.6 28,927.5 0.7 1.3 55.5 7,564.5 2.2 3.8 14.5 161.2 *** *** 0.3 1,938.2 2.1 1.7 3.7
2005 52,413.3 48,962.5 0.6 0.9 1.7 2.0 0.9 1.3 1.3 1.5 29,154.3 0.8 1.2 55.6 8,155.6 7.8 8.5 15.6 74.1 *** *** 0.1 1,936.6 -0.1 -0.5 3.7
2006 52,688.0 49,657.7 0.5 0.6 1.4 1.4 1.0 1.0 1.0 1.2 29,444.4 1.0 1.0 55.9 8,339.6 2.3 2.1 15.8 17.7 *** *** 0.0 1,980.9 2.3 0.7 3.8
2007 53,168.8 50,479.2 0.9 0.4 1.7 1.2 1.3 0.6 1.5 0.6 29,603.5 0.5 0.9 55.7 8,406.8 0.8 1.0 15.8 191.5 *** *** 0.4 1,828.0 -7.7 -9.5 3.4
2008 52,071.6 49,927.1 -2.1 -4.1 -1.1 -3.4 -2.4 -4.6 -2.9 -4.8 29,495.3 -0.4 -1.0 56.6 8,204.7 -2.4 -2.8 15.8 300.1 *** *** 0.6 1,749.2 -4.3 -6.6 3.4
2009 48,950.1 47,222.9 -6.0 -3.4 -5.4 -2.2 -6.2 -3.3 -4.2 -1.1 28,631.3 -2.9 -0.7 58.5 6,896.7 -15.9 -13.4 14.1 -508.1 *** *** -1.0 1,427.4 -18.4 -16.4 2.9
2010 50,035.4 49,202.3 2.2 1.5 4.2 3.2 2.4 1.6 3.7 2.7 28,895.6 0.9 2.4 57.8 6,759.4 -2.0 -0.9 13.5 -11.7 *** *** -0.0 1,363.7 -4.5 -3.7 2.7
2011 49,140.9 49,145.6 -1.8 -1.1 -0.1 0.5 -1.5 -1.0 -1.0 -0.6 28,625.5 -0.9 -0.4 58.3 6,940.7 2.7 4.0 14.1 94.6 *** *** 0.2 1,433.8 5.1 4.9 2.9
2012 49,495.7 49,880.3 0.7 0.1 1.5 0.8 0.6 0.1 1.2 0.9 29,024.2 1.4 2.0 58.6 7,196.9 3.7 4.1 14.5 111.3 *** *** 0.2 1,457.4 1.6 2.5 2.9
2013 50,317.6 50,878.1 1.7 2.6 2.0 2.6 2.3 3.2 2.5 3.0 29,667.3 2.2 2.4 59.0 7,494.5 4.1 3.7 14.9 -66.5 *** *** -0.1 1,610.2 10.5 8.0 3.2
2014 51,387.6 51,068.7 2.1 2.2 0.4 -0.3 2.4 2.5 0.5 0.3 30,008.3 1.1 -0.9 58.4 7,994.5 6.7 5.4 15.6 -33.2 *** *** -0.1 1,595.9 -0.9 -4.3 3.1
2015 53,198.6 51,760.1 3.5 3.0 1.4 1.4 3.8 3.1 3.1 3.0 30,121.1 0.4 -0.0 56.6 8,341.3 4.3 3.4 15.7 117.4 *** *** 0.2 1,592.6 -0.2 -1.0 3.0
2016 53,853.3 52,257.7 1.2 1.0 1.0 1.2 0.7 0.6 1.3 1.1 29,985.2 -0.5 0.1 55.7 8,318.1 -0.3 0.6 15.4 11.7 *** *** 0.0 1,671.0 4.9 5.7 3.1
P 2017 54,660.8 53,164.2 1.5 1.7 1.7 1.6 1.8 2.0 1.4 1.3 30,333.6 1.2 1.0 55.5 8,607.8 3.5 2.9 15.7 -27.2 *** *** -0.0 1,744.6 4.4 2.7 3.2
55,030.0 - 2.0 - 1.9 - 2.6 - 1.8 - 30,520.0 1.6 1.2 - 8,760.0 4.8 3.4 - -20.0 * 0.0 * 0.0 - 1,750.0 3.0 1.1 -
56,430.0 - 2.5 - 1.8 - 2.7 - 1.8 - 31,150.0 2.1 1.4 - 9,230.0 5.3 3.9 - 70.0 * 0.2 * 0.1 - 1,790.0 2.2 0.6 -
2014. Oct.-Dec. 51,735.2 51,047.3 0.9 - 0.6 - 1.4 - 1.3 - 29,931.5 0.4 0.5 57.9 8,078.5 0.8 0.6 15.6 -112.3 *** *** -0.2 1,517.4 0.5 0.4 2.9
2015. Jan.-Mar. 52,998.1 51,805.0 2.4 - 1.5 - 1.9 - 1.9 - 30,066.2 0.5 0.7 56.7 8,366.5 3.6 3.4 15.8 40.5 *** *** 0.1 1,560.4 2.8 2.7 2.9
2015. Apr.-June 53,190.9 51,766.6 0.4 - -0.1 - 0.6 - 0.4 - 30,135.4 0.2 -0.1 56.7 8,274.2 -1.1 -1.4 15.6 264.9 *** *** 0.5 1,587.1 1.7 1.9 3.0
2015. July-Sept. 53,355.3 51,834.3 0.3 - 0.1 - 0.3 - 0.3 - 30,249.8 0.4 0.4 56.7 8,354.0 1.0 0.8 15.7 100.7 *** *** 0.2 1,614.8 1.7 1.6 3.0
2015. Oct.-Dec. 53,245.8 51,659.1 -0.2 - -0.3 - -0.1 - -0.0 - 30,023.5 -0.7 -0.7 56.4 8,360.8 0.1 0.4 15.7 63.8 *** *** 0.1 1,608.1 -0.4 -0.4 3.0
2016. Jan.-Mar. 53,799.6 52,090.9 1.0 - 0.8 - 0.6 - 1.1 - 29,974.8 -0.2 0.4 55.7 8,309.5 -0.6 -0.0 15.4 54.5 *** *** 0.1 1,617.2 0.6 1.3 3.0
2016. Apr.-June 53,831.3 52,201.4 0.1 - 0.2 - -0.1 - 0.1 - 29,917.0 -0.2 -0.2 55.6 8,293.9 -0.2 0.1 15.4 187.9 *** *** 0.3 1,648.0 1.9 2.4 3.1
2016. July-Sept. 53,820.1 52,333.3 -0.0 - 0.3 - -0.1 - -0.0 - 29,976.6 0.2 0.4 55.7 8,252.7 -0.5 -0.3 15.3 -33.8 *** *** -0.1 1,695.7 2.9 2.7 3.2
2016. Oct.-Dec. 53,980.7 52,443.3 0.3 - 0.2 - 0.3 - -0.0 - 30,082.9 0.4 0.0 55.7 8,407.8 1.9 1.7 15.6 -160.0 *** *** -0.3 1,719.1 1.4 0.5 3.2
2017. Jan.-Mar. 54,098.4 52,799.1 0.2 - 0.7 - 0.7 - 0.6 - 30,195.3 0.4 0.5 55.8 8,492.2 1.0 0.7 15.7 -134.2 *** *** -0.2 1,744.3 1.5 0.9 3.2
2017.P Apr.-June 54,509.0 53,055.7 0.8 - 0.5 - 0.7 - 0.5 - 30,435.1 0.8 0.8 55.8 8,533.4 0.5 0.2 15.7 -160.9 *** *** -0.3 1,769.1 1.4 1.3 3.2
2017.P July-Sept. 54,941.0 53,362.8 0.8 - 0.6 - 0.9 - 0.8 - 30,218.0 -0.7 -0.7 55.0 8,671.6 1.6 1.3 15.8 47.7 *** *** 0.1 1,756.2 -0.7 -1.4 3.2
2017.P Oct.-Dec. 55,105.8 53,479.8 0.3 - 0.2 - 0.3 - -0.0 - 30,476.5 0.9 0.3 55.3 8,742.6 0.8 0.9 15.9 140.2 *** *** 0.3 1,709.7 -2.6 -3.0 3.1
2018.P Jan.-Mar. 54,901.3 53,364.6 -0.4 - -0.2 - -0.6 - -0.7 - 30,460.1 -0.1 -0.2 55.5 8,817.5 0.9 0.7 16.1 10.6 *** *** 0.0 1,675.2 -2.0 -2.5 3.1
2018.P Apr.-June 55,282.1 53,759.9 0.7 - 0.7 - 1.0 - 1.0 - 30,552.4 0.3 0.7 55.3 9,147.4 3.7 3.1 16.5 46.6 *** *** 0.1 1,645.5 -1.8 -2.4 3.0
(※) National Accounts: Figures are based on the System of National Accounts 2008 and Quarterly Estimates of GDP: April- June 2018. (the 2nd preliminary)(1980 ~1993: chain-linked, base year = 2000、1994~: chain-linked, base year = 2011)
(#) FY2017, 2018: The government decided on January 22, 2018 the "Fiscal 2018 Economic Outlook and Basic Stance for Economic and Fiscal Management" at the Cabinet.*: Contribution to Change of Gross Domestic Expenditures by Component.
10BillionYen %
□Private Non-Resi. Inventment Change in Private Inventories
Percen-tagedistribu-tion
☆Percen-tagedistribu-tion
Private Consumption Gross Private Capital Formation
☆Percen-tagedistribu-tion10Billion
Yen10Billion
Yen10Billion
Yen
Gross DomesticProduct
(Expenditure) (※)
●Gross National Income
(※) ●Gross Domestic Product (Expenditure) (※) ●
□Private Residential Investment
☆Percen-tagedistribu-tion
☆
FY 2017 (#)FY 2018 (#)
Released by Cabinet Office
10 Billion Yen % % % % %
― 68 ―
〔National Accounts (Continued), National Income, Savings ratio〕
□ □ □ □ □
CY * 1970 - - - - - - - - - - - - - - - - - - - - - - -
* 1975 - - - - - - - - - - - - - - - - - - - - - - -
* 1980 5,693.4 - - 23.4 3,430.4 - - 14.1 2,263.0 - - 9.3 3,281.7 - - 13.5 3,503.6 - - 14.4 19,675.0 1,685 17.7
* 1985 6,763.1 0.5 -3.5 20.8 4,537.1 4.4 1.4 13.9 2,225.9 -6.7 -15.7 6.8 4,617.7 2.8 5.3 14.2 3,513.7 -4.7 -2.7 10.8 25,633.8 2,121 16.2
* 1990 8,820.6 8.4 4.6 19.9 5,902.5 7.2 3.3 13.3 2,918.1 11.0 7.6 6.6 4,586.3 8.5 7.2 10.4 4,169.0 15.7 8.1 9.4 33,944.1 2,750 13.5
* 1995 12,462.2 2.5 2.3 24.3 7,873.6 4.5 3.9 15.4 4,588.6 -0.6 -0.5 9.0 4,598.4 1.8 4.2 9.0 3,950.5 10.9 12.9 7.7 37,443.9 2,985 11.8
1997 12,884.8 -0.7 -1.7 24.1 8,332.4 2.6 1.4 15.6 4,552.4 -6.1 -7.1 8.5 5,634.6 13.0 11.1 10.5 5,070.0 6.6 0.3 9.5 39,180.5 3,109 10.4
1998 12,702.9 -1.4 -0.8 24.1 8,427.1 1.1 1.2 16.0 4,275.8 -6.1 -4.9 8.1 5,555.6 -1.4 -2.4 10.5 4,596.5 -9.3 -6.7 8.7 38,188.6 3,022 11.8
1999 13,034.3 2.6 4.4 25.1 8,585.6 1.9 3.5 16.5 4,448.6 4.0 6.0 8.6 5,171.5 -6.9 1.9 10.0 4,363.6 -5.1 3.6 8.4 37,556.1 2,967 10.5
2000 12,896.5 -1.1 -0.7 24.5 8,876.1 3.4 3.9 16.9 4,020.5 -9.6 -9.3 7.6 5,596.0 8.2 12.7 10.6 4,843.2 11.0 9.3 9.2 38,333.7 3,022 8.8
2001 12,971.1 0.6 1.1 24.8 9,170.7 3.3 3.4 17.5 3,800.3 -5.5 -4.2 7.3 5,349.9 -4.4 -6.7 10.2 5,004.7 3.3 1.0 9.6 37,751.3 2,969 5.6
2002 12,922.1 -0.4 0.5 25.0 9,353.4 2.0 2.7 18.1 3,568.7 -6.1 -4.6 6.9 5,685.3 6.3 7.8 11.0 4,988.2 -0.3 0.7 9.7 37,338.1 2,931 4.8
2003 12,678.4 -1.9 -0.6 24.6 9,376.9 0.3 1.8 18.2 3,301.5 -7.5 -7.2 6.4 5,998.9 5.5 9.5 11.6 5,125.1 2.7 3.4 9.9 37,648.7 2,950 4.3
2004 12,451.9 -1.8 -1.5 23.9 9,431.0 0.6 1.2 18.1 3,020.9 -8.5 -8.9 5.8 6,758.0 12.7 14.3 13.0 5,704.7 11.3 8.1 11.0 38,239.8 2,994 3.4
2005 12,301.5 -1.2 -1.3 23.5 9,495.8 0.7 0.8 18.1 2,805.7 -7.1 -7.7 5.4 7,344.4 8.7 7.2 14.0 6,553.3 14.9 6.1 12.5 38,715.5 3,030 3.4
2006 12,160.4 -1.1 -1.1 23.1 9,459.0 -0.4 0.1 18.0 2,701.4 -3.7 -4.9 5.1 8,363.1 13.9 10.3 15.9 7,618.1 16.2 4.7 14.5 38,865.8 3,040 2.4
2007 12,132.8 -0.2 -0.3 22.8 9,541.5 0.9 1.2 17.9 2,591.3 -4.1 -5.3 4.9 9,301.0 11.2 8.7 17.5 8,294.6 8.9 2.2 15.6 39,364.2 3,076 2.4
2008 12,088.4 -0.4 -1.1 23.2 9,560.1 0.2 -0.1 18.4 2,528.4 -2.4 -4.9 4.9 9,073.0 -2.5 1.6 17.4 8,839.1 6.6 0.7 17.0 37,719.1 2,946 2.5
2009 12,233.2 1.2 3.0 25.0 9,611.2 0.5 2.0 19.6 2,622.0 3.7 6.6 5.4 6,129.0 -32.4 -23.4 12.5 5,859.3 -33.7 -15.7 12.0 34,888.9 2,725 4.2
2010 12,297.6 0.5 1.0 24.6 9,752.7 1.5 1.9 19.5 2,544.9 -2.9 -2.4 5.1 7,523.7 22.8 24.9 15.0 6,792.9 15.9 11.2 13.6 36,246.5 2,831 3.7
2011 12,313.2 0.1 0.3 25.1 9,920.5 1.7 1.9 20.2 2,392.7 -6.0 -6.0 4.9 7,334.3 -2.5 -0.2 14.9 7,601.1 11.9 5.8 15.5 35,636.5 2,787 4.0
2012 12,471.6 1.3 1.9 25.2 10,024.1 1.0 1.7 20.3 2,447.5 2.3 2.8 4.9 7,199.0 -1.8 -0.1 14.5 7,964.5 4.8 5.4 16.1 36,021.6 2,823 2.6
2013 12,777.9 2.5 2.5 25.4 10,146.9 1.2 1.5 20.2 2,631.0 7.5 6.5 5.2 8,008.2 11.2 0.8 15.9 9,174.0 15.2 3.3 18.2 37,117.5 2,913 0.2
2014 13,088.9 2.4 0.7 25.5 10,356.2 2.1 0.5 20.2 2,732.7 3.9 1.1 5.3 9,013.5 12.6 9.3 17.5 10,280.3 12.1 8.3 20.0 37,596.2 2,954 -0.7
2015 13,248.9 1.2 0.8 24.9 10,529.7 1.7 1.5 19.8 2,719.2 -0.5 -1.9 5.1 9,357.1 3.8 2.9 17.6 9,579.7 -6.8 0.8 18.0 38,919.2 3,062 0.4
2016 13,336.6 0.7 1.0 24.8 10,649.2 1.1 1.3 19.8 2,687.3 -1.2 -0.3 5.0 8,711.3 -6.9 1.7 16.2 8,180.6 -14.6 -1.6 15.2 39,152.0 3,084 2.2
P 2017 13,496.5 1.2 0.6 24.7 10,729.1 0.8 0.4 19.6 2,767.3 3.0 1.3 5.1 9,683.6 11.2 6.7 17.7 9,178.0 12.2 3.4 16.8
13,590.0 2.1 1.3 - 10,780.0 1.5 1.0 - 2,810.0 4.2 2.6 - 9,650.0 9.0 4.8 - 9,230.0 10.8 3.3 - 40,290.0 - -
13,730.0 1.0 0.4 - 10,910.0 1.2 0.8 - 2,820.0 0.1 -1.2 - 10,250.0 6.2 4.0 - 9,790.0 6.1 3.4 - 41,410.0 - -
2014. Oct.-Dec. 13,198.0 0.5 0.5 25.5 10,439.1 0.3 0.2 20.2 2,759.0 1.2 1.5 5.3 9,555.4 5.4 3.1 18.5 10,433.4 1.7 0.9 20.2 10,049.7 - 6.3
2015. Jan.-Mar. 13,256.6 0.4 0.5 25.0 10,507.2 0.7 0.9 19.8 2,749.4 -0.3 -1.0 5.2 9,502.2 -0.6 1.0 17.9 9,794.3 -6.1 0.8 18.5 9,598.0 - -7.3
2015. Apr.-June 13,201.3 -0.4 -0.2 24.8 10,466.1 -0.4 -0.0 19.7 2,735.3 -0.5 -1.0 5.1 9,324.6 -1.9 -3.3 17.5 9,596.6 -2.0 -2.1 18.0 9,599.7 - 1.1
2015. July-Sept. 13,225.1 0.2 0.1 24.8 10,513.4 0.5 0.4 19.7 2,711.7 -0.9 -0.7 5.1 9,522.4 2.1 2.5 17.8 9,711.4 1.2 2.5 18.2 9,422.1 - -1.2
2015. Oct.-Dec. 13,314.7 0.7 0.5 25.0 10,635.5 1.2 0.9 20.0 2,679.2 -1.2 -1.0 5.0 9,076.4 -4.7 -0.9 17.0 9,201.4 -5.3 -0.6 17.3 10,299.3 - 7.8
2016. Jan.-Mar. 13,425.9 0.8 1.0 25.0 10,773.2 1.3 1.3 20.0 2,652.8 -1.0 0.0 4.9 8,766.9 -3.4 0.4 16.3 8,349.4 -9.3 -1.5 15.5 9,709.4 - -4.5
2016. Apr.-June 13,298.6 -0.9 -0.5 24.7 10,582.2 -1.8 -1.2 19.7 2,716.3 2.4 2.6 5.0 8,533.8 -2.7 -0.4 15.9 8,047.8 -3.6 -0.8 15.0 9,684.7 - 2.6
2016. July-Sept. 13,346.1 0.4 0.3 24.8 10,631.5 0.5 0.5 19.8 2,714.6 -0.1 -0.2 5.0 8,536.1 0.0 2.3 15.9 7,953.2 -1.2 -0.1 14.8 9,351.9 - 0.6
2016. Oct.-Dec. 13,297.6 -0.4 -0.6 24.6 10,622.2 -0.1 -0.2 19.7 2,675.4 -1.4 -2.3 5.0 8,977.7 5.2 2.7 16.6 8,344.4 4.9 1.0 15.5 10,406.1 - 9.1
2017. Jan.-Mar. 13,358.9 0.5 0.3 24.7 10,661.3 0.4 0.3 19.7 2,697.6 0.8 0.1 5.0 9,494.1 5.8 1.9 17.5 9,052.4 8.5 1.4 16.7 9,729.0 - -5.4
2017.P Apr.-June 13,574.0 1.6 1.4 24.9 10,733.9 0.7 0.4 19.7 2,840.1 5.3 5.5 5.2 9,446.1 -0.5 0.2 17.3 9,087.8 0.4 1.9 16.7
2017.P July-Sept. 13,532.7 -0.3 -0.5 24.6 10,752.5 0.2 0.1 19.6 2,780.3 -2.1 -2.8 5.1 9,748.1 3.2 2.1 17.7 9,033.3 -0.6 -1.5 16.4
2017.P Oct.-Dec. 13,537.9 0.0 -0.1 24.6 10,765.5 0.1 0.1 19.5 2,772.4 -0.3 -0.6 5.0 10,025.9 2.9 2.1 18.2 9,527.0 5.5 3.3 17.3
2018.P Jan.-Mar. 13,546.8 0.1 -0.1 24.7 10,772.8 0.1 0.0 19.6 2,774.1 0.1 -0.5 5.1 10,046.8 0.2 0.6 18.3 9,655.8 1.4 0.2 17.6
2018.P Apr.-June 13,582.8 0.3 0.2 24.6 10,790.9 0.2 0.2 19.5 2,792.0 0.6 0.1 5.1 10,100.1 0.5 0.2 18.3 9,792.6 1.4 0.9 17.7
(※) National Accounts: Figures are based on the System of National Accounts 2008 and Quarterly Estimates of GDP: April- June 2018. (the 2nd preliminary)(1980~1993: chain-linked, base year = 2000、1994~: chain-linked, base year = 2011)
(#) FY2017, 2018: The government decided on January 22, 2018 the "Fiscal 2018 Economic Outlook and Basic Stance for Economic and Fiscal Management" at the Cabinet.(*) National Income, Savings ratio: Base year for figures is 2011. (1980~1993: Base year for figures is 2000.)
☆Percen-tagedistribu-tion
10 BillionYen
10 BillionYen
10 BillionYen
10 BillionYen% %
Percen-tagedistribu-tion
☆
Gross Domestic Product (Continued) (※) ● National Income (*)
Savingsratio
(*)
Government Expenditures Exports of Goods and Services Less : Imports of Goods and Services
Government Consumption Capital Formation includingInventories Percen-
tagedistribu-tion
☆Percen-tagedistribu-tion
PerCapita
%
☆Percen-tagedistribu-tion
☆
Released by Cabinet Office
% 10 Billion Yen Thousand Yen %
FY 2017 (#)FY 2018 (#)
10 BillionYen%
― 69 ―
〔Enterprises Profits〕
★ ★ ★
2014. Oct.-Dec. 2.4 11.6 2.8
2015. Jan.-Mar. -0.5 0.4 7.3
2015. Apr.-June 1.1 23.8 5.6
2015. July-Sept. 0.1 9.0 11.2
2015. Oct.-Dec. -2.7 -1.7 8.5
2016. Jan.-Mar. -3.3 -9.3 4.2
2016. Apr.-June -3.5 -10.0 3.1
2016. July-Sept. -1.5 11.5 -1.3
2016. Oct.-Dec. 2.0 16.9 3.8
2017. Jan.-Mar. 5.6 26.6 4.5
2017. Apr.-June 6.7 22.6 1.5
2017. July-Sept. 4.8 5.5 4.2
2017. Oct.-Dec. 5.9 0.9 4.3
2018. Jan.-Mar. 3.2 0.2 3.4
2018. Apr.-June 5.1 17.9 12.8
2018. July-Sept. [2.8] [-1.3] [14.4]
2018. Oct.-Dec.2019. Jan.-Mar.
(※1) 'TANKAN' (All Industries.) : * The figures are forecasted in the survey in June, 2018 . (※2) Financial Statements Statistics of Corporations (All Industries.) :
The figures do not include Finance and Insurance, and include pure holding company that has financial institutions in subsidiary company since April - June, 2008.Since fiscal year 2009, figures include Japan Post Holdings, Japan Post Service and Japan Post NetworkThe figures of investment in plant and equipment include investment in software since fiscal year 2002.The figures in [ ] are forecast of half year / fiscal year of "Business Outlook Survey ",excluding Financeand Insurance.
Financial StatementsStatistics of Corporations
(All Industries.) (※2)TANKAN (All Industries.) (※1)
SalesOrdinary
Profits andLosses
Investmentin plant andequipment
Sales CurrentProfit
Ratio ofCurrentProfit to
Sales
LargeEnterprises
(Manufacturing)
LargeEnterprises
(Manufacturing)
LargeEnterprises
(Manufacturing)
★ ★
% %
-2.0 14.1 6.7 9.6 1.1
4.2 12.8 2.3 0.3 -5.7
-1.9 3.41 5.15
-14.4 2.68 4.04FY 1985 6.9
1995 3.2
2000 3.7
27.9 2.67 3.8120.2 3.9 1.4 2.6 19.1
1990 9.2
32.3 2.87 4.6133.2 8.6 2.8 4.9 18.0
7.0 4.0 0.6 -0.4 7.2
15.6 -3.9 4.8 6.7 12.3
12.4 3.65 4.64
16.5 4.01 6.482005 6.2
2013 2.5
2014 2.7
48.7 4.44 6.4523.1 6.6 5.5 7.1 28.4
2012 -0.5
11.5 4.63 7.388.3 7.8 0.6 1.3 5.9
9.9 0.7 -1.5 -2.9 4.4
5.6 7.1 -1.3 -2.3 4.8
-0.5 5.21 7.33
-5.3 4.91 7.152015 -1.1
2017 6.1
2018 [2.4]
20.8 5.83 8.5211.4 5.8 4.4 5.6 12.0
2016 1.7
* 7.60[0.2] [10.3] * 1.5 * 2.5 * -5.1
-0.9 0.5 7.3 20.2
* -8.6 * 5.45
4.68 7.53
2015・1H 0.0 0.1 16.0 14.5
2014・2H
5.30 8.26
2015・2H -2.5 -4.5 -5.4 -23.0 4.54 6.07
2016・1H -3.7 -6.1 -8.1 -25.8 5.06 6.52
2016・2H 0.7 0.2 18.4 33.1 5.34 8.06
2017・1H 4.5 5.9 23.6 52.5 6.22 9.61
2017・2H 4.3 5.4 2.0 -2.8 5.46 7.52
2018・1H * 2.2 * 2.9 * -9.1 * -14.9 * 5.54 * 7.95
2018・2H [2.1] [1.6] [7.1] * 0.9
Released by Ministry of Finance Bank of Japan
* 2.0 * -0.9 * -1.3 * 5.36 * 7.27
― 70 ―
MONTHLY FINANCE REVIEW
Published by Information Service Department Policy Research Institute Ministry of Finance 3-1-1 Kasumigaseki, Chiyoda-ku, Tokyo100-8940 JAPAN
URL https://www.mof.go.jp/english/pri/publication/mf_review/index.htm
Printed in Japan
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