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Japanese Economic Trend

Japan economic activity covering production, distribution, consumption and trade of goods and services including GDP Growth Rate and Exchange Rate.

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  • The Japanese government offered the assessment in its Monthly Economic Report for September 2024 that "The Japanese economy is recovering at a moderate pace, although it remains pausing in part. Concerning short-term prospects, the economy is expected to continue recovering at a moderate pace with the improving employment and income situation, supported by the effects of the policies. However, slowing down of overseas economies is downside risk of the Japanese economy, including the effects of continued high interest rate levels in the U.S. and Europe, and the lingering stagnation of the real estate market in China. Also, full attention should be given to price increases, the situation in the Middle East and fluctuations in the financial and capital markets."

GDP Growth Rate 16 October 2024

Q2 2024

Real GDP Growth

0.7

QOQ  +1.3 Points

Annualized Rate

2.9

QOQ  +5.3points

3.1 Gross Domestic Product: Quarter on Quarter (Real/Seasonally Adjusted)

Unemployment Rate 16 October 2024

Jul 2024

Unemployment Rate

2.5

MOM  +0.0 Points

Unemployment

1.75 million

MOM  -6 million

3.2 Unemployment Rate

Source : Statistics Bureau, Ministry of Internal Affairs and Communications "Labour Force Survey"
*Unemployed rate are seasonally adjusted series and unemployed person are original series.

Exchange Rate 16 October 2024

3.3 Japanese Yen Exchange Rate (Monthly-Average)

US Dollar/Japanese Yen

Sep 2024 (Monthly-Average)

USD/JPY 143.55

Euro/Japanese Yen

Sep 2024 (Monthly-Average)

EUR/JPY 159.29

Chinese Renminbi/Japanese Yen

Sep 2024 (Monthly-Average)

CNY/JPY 20.27

South Korean Won/Japanese Yen

Sep 2024 (Monthly-Average)

100KRW/JPY 10.79

CPI 16 October 2024

Aug 2024

109.1

MOM  +0.5 Points

3.4 Consumer Price Index

Index related to consuming activities 16 October 2024

3.5 Consumption Expenditure per Household Annual

Source : Statistics Bureau, Ministry of Internal Affairs and Communications "Family Income and Expenditure Survey"
*Yearly Average of Monthly Income and Expenditure per Household - Workers' households containing over 2 adults (2000~2016)
*The data is including agricultural, forestry and fisheries households.

3.6 Consumption expenditures on Travel & Communication Annual

Source : Statistics Bureau, Ministry of Internal Affairs and Communications "Family Income and Expenditure Survey"
*Yearly Average of Monthly Income and Expenditure per Household - Workers' households containing over 2 adults (2000~2016)
*The data is including agricultural, forestry and fisheries households.

3.7 Sales of Department Stores (Nationwide)

3.8 Wholesale Price of Unleaded Gasoline by Month (National Average)

Source : Agency for Natural Resources and Energy
Wholesale price for major oil companies' gas station (Without Consumption Tax)