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ISSN 0388-0605
MONTHLY FINANCE REVIEW
July 2017
No. 528
Policy Research Institute
MINISTRY OF FINANCE
JAPAN
MONTHLY FINANCE REVIEW
July. 2017 (No.528)
CONTENTS
STATISTICS(Released by Ministry of Finance)
A. Balance of the Fiscal Loan Fund (22 May.) ............................................................ 2
B. Trade Statistics (30 May.) ...................................................................................... 4
C. Taxes and Stamp Revenues (1 Jun.) ...................................................................... 8
D. Receipts and Payments of the Treasury Funds with the Private Sector (2 Jun.) ....... 12
E. Official Reserve Assets at the End of Periods (7 Jun.) ........................................... 16
F. Balance of Payments (8 Jun.) .............................................................................. 18
G. International Transaction in Securities (Monthly; Based on reports from
designated major investors) (8 Jun.) .................................................................... 22
H. The balance of Offshore Accounts (15 Jun.) ........................................................ 24
I. Financial Statements Statistics of Corporations by Industry, Quarterly
(1 Jun.) .............................................................................................................. 26
J. Business Outlook Survey (13 Jun.) .................................................................. 30
PUBLIC RELATIONS & PRESS RELEASE Convention to Implement Measures to Prevent BEPS was Signed (8 Jun.) .................. 34
APPENDIX
A. Quarterly Estimates of GDP, Jan.-Mar. 2017 (The 1st preliminary) (8 Jun.) .......... 38
B. Monthly Economic Report (June) (22 Jun.) ............................................................. 49
MAIN ECONOMIC INDICATORS OF JAPAN .......................................................... 53
STATISTICS
A. Balance of the Fiscal Loan Fund (22 May 2017)
( in billions of yen)2016 2017Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Assets 133,813.4 136,263.8 131,111.5 133,899.6 133,803.3 131,234.4 128,805.8 132,294.2 127,140.8 129,227.0 129,834.5 130,060.8 131,350.7
Cash/Deposits 5,981.6 7,150.6 4,209.5 7,699.3 7,714.4 7,312.1 5,250.1 6,386.3 1,596.3 4,054.1 4,434.1 3,678.3 5,673.0
Securities 261.6 261.6 261.6 261.6 261.6 261.6 261.6 221.6 221.6 221.6 221.6 221.6 221.6
Government Bonds - - - - - - - - - - - - -Other Bonds 40.0 40.0 40.0 40.0 40.0 40.0 40.0 - - - - - -Trust Beneficiary Rights and Others 221.6 221.6 221.6 221.6 221.6 221.6 221.6 221.6 221.6 221.6 221.6 221.6 221.6
Loans 127,570.1 128,851.6 126,640.4 125,938.7 125,827.3 123,660.6 123,294.2 125,686.3 125,322.9 124,951.3 125,178.8 126,161.0 125,456.1
Loans to General Account and Special Accounts 24,199.6 24,196.4 22,519.4 22,136.2 22,218.2 23,294.3 22,874.1 23,781.6 23,695.2 23,154.8 23,259.5 23,655.5 23,107.8Loans to Government-related Institutions 19,047.5 18,971.8 18,953.5 18,925.3 18,965.1 18,535.2 18,530.5 18,523.6 18,501.9 18,261.4 18,214.1 18,713.0 18,586.2Loans to Local Government 49,696.1 51,183.3 51,183.8 51,187.4 51,188.9 48,982.9 48,999.8 49,061.0 49,161.7 49,203.5 49,325.7 48,217.7 48,276.0Loans to Special Corporations 34,626.9 34,500.2 33,983.7 33,689.8 33,455.0 32,848.2 32,889.7 34,320.2 33,964.1 34,331.7 34,379.6 35,574.8 35,486.1
Others – – – – – – – – – – – – –
Liabilities 133,813.4 136,263.8 131,111.5 133,899.6 133,803.3 131,234.4 128,805.8 132,294.2 127,140.8 129,227.0 129,834.5 130,060.8 131,350.7
Deposits 37,075.3 39,499.8 37,813.5 38,836.0 37,436.9 38,412.7 35,591.2 37,104.9 32,321.3 33,805.8 33,419.7 32,843.1 34,114.4
Special Account Deposits 25,826.9 28,818.2 27,014.4 28,240.3 26,806.2 29,016.9 26,348.2 28,311.7 23,512.8 25,122.1 24,795.4 24,974.7 26,232.0Fund Deposits 5,830.1 5,347.3 5,244.9 4,921.5 4,834.3 3,584.8 3,431.9 2,957.1 2,882.5 2,607.6 2,458.3 1,322.4 1,306.3Mutual Aid Cooperative Deposits 3,458.0 3,458.0 3,458.0 3,458.0 3,458.0 3,371.6 3,281.6 3,191.6 3,191.6 3,191.6 3,191.6 3,441.6 3,441.6Other Deposits 1,960.3 1,876.3 2,096.3 2,216.3 2,338.5 2,439.5 2,529.5 2,644.5 2,734.5 2,884.5 2,974.5 3,104.5 3,134.5
Long-term Bonds 96,131.5 96,131.5 92,926.0 94,586.0 95,856.0 92,088.2 92,468.2 94,418.2 94,288.0 94,788.0 95,758.0 96,329.2 96,329.2
Others 606.6 632.5 372.1 477.6 510.4 733.4 746.4 771.1 531.4 633.2 656.7 888.5 907.2
(Note) Figures may not total due to rounding.
Source : Financial Bureau (http://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
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 Jan Feb Mar Apr
2014 2015 2016 2017
Assets: Cash/Deposits Liabilities: DepositsAssets: Securities Liabilities: Long-term BondsAssets: Loans Liabilities: othersAssets: others
Assets
Liabilities
― 3 ―
B. Trade Statistics (30 May 2017)
1.Value of Exports and Imports by Area (Country) ( in 100 millions of yen )
2016* 2017Apr May Jun Jul Aug Sep Oct Nov Dec Jan** Feb** Mar** Apr(P)
Total Exports 58,896 50,919 60,253 57,284 53,164 59,689 58,702 59,564 66,789 54,220 63,475 72,296 63,294Imports 50,783 51,393 53,389 52,239 53,510 54,824 53,891 58,099 60,430 65,139 55,364 66,193 58,483Balance 8,113 -473 6,865 5,045 -346 4,866 4,812 1,465 6,359 -10,919 8,111 6,103 4,811
Asia Exports 30,728 27,691 31,505 30,439 29,273 31,215 31,225 32,356 37,401 28,873 34,864 38,607 34,482Imports 25,693 25,566 27,128 25,615 26,329 28,653 27,339 28,865 29,218 33,608 24,884 32,206 28,306Balance 5,034 2,125 4,377 4,825 2,943 2,562 3,886 3,491 8,183 -4,735 9,980 6,400 6,176
P.R.China Exports 10,349 9,020 10,438 10,297 9,691 9,930 10,748 11,032 13,011 8,870 11,966 12,995 11,877Imports 13,314 13,039 13,800 12,973 13,139 15,406 14,175 14,886 14,845 17,976 10,809 16,206 14,300Balance -2,965 -4,019 -3,361 -2,676 -3,448 -5,477 -3,427 -3,854 -1,835 -9,106 1,157 -3,211 -2,424
Hong Kong Exports 2,962 2,661 3,255 2,821 2,662 3,322 2,955 3,472 3,670 2,627 3,622 3,599 3,058Imports 105 89 325 86 84 328 89 238 151 110 85 348 128Balance 2,857 2,572 2,930 2,735 2,577 2,994 2,866 3,234 3,520 2,517 3,538 3,250 2,930
Taiwan Exports 3,312 3,365 3,701 3,588 3,527 3,770 3,667 3,517 4,213 3,235 3,921 4,060 3,801Imports 2,017 1,996 1,917 2,054 2,011 2,076 1,997 2,139 2,146 2,350 2,033 2,338 2,106Balance 1,296 1,368 1,784 1,534 1,516 1,694 1,670 1,378 2,068 885 1,889 1,723 1,695
Korea Exports 4,120 3,791 3,988 4,090 4,108 4,284 4,185 4,304 5,068 4,447 4,741 5,665 5,038Imports 2,016 2,196 2,259 2,200 2,165 2,145 2,266 2,415 2,742 2,718 2,457 2,680 2,356Balance 2,104 1,595 1,729 1,890 1,944 2,139 1,919 1,889 2,326 1,729 2,284 2,984 2,682
Singapore Exports 1,821 1,639 2,033 1,640 1,603 1,665 1,573 1,904 2,414 2,096 1,909 2,446 1,877Imports 630 603 714 610 691 649 701 676 669 766 855 848 805Balance 1,190 1,036 1,319 1,030 912 1,016 871 1,228 1,745 1,330 1,055 1,598 1,071
Thailand Exports 2,534 2,129 2,545 2,471 2,388 2,538 2,550 2,458 2,735 2,370 2,616 2,824 2,746Imports 1,718 1,700 1,866 1,717 1,757 1,723 1,867 1,892 1,903 1,937 1,918 2,163 1,786Balance 816 429 679 753 631 816 683 566 832 433 699 662 960
Malaysia Exports 1,150 1,003 1,083 1,079 1,016 1,103 1,062 1,100 1,197 1,001 1,117 1,314 1,132Imports 1,362 1,397 1,494 1,347 1,472 1,513 1,431 1,627 1,698 1,957 1,809 1,938 1,760Balance -213 -395 -411 -268 -456 -410 -369 -527 -501 -956 -692 -624 -628
Indonesia Exports 1,005 992 847 1,072 962 1,087 1,067 1,085 1,153 992 1,177 1,372 1,177Imports 1,536 1,495 1,556 1,560 1,550 1,532 1,597 1,735 1,717 2,013 1,714 1,875 1,660Balance -531 -503 -709 -487 -588 -445 -530 -650 -564 -1,022 -537 -503 -482
Philippines Exports 939 872 935 940 950 956 960 924 966 876 959 1,192 1,008Imports 779 802 825 780 866 845 893 844 851 828 834 946 829Balance 160 69 110 160 84 112 67 80 115 48 124 246 180
Vietnam Exports 1,221 1,069 1,331 1,178 1,096 1,186 1,228 1,203 1,414 1,059 1,392 1,416 1,354Imports 1,323 1,388 1,472 1,414 1,630 1,479 1,448 1,526 1,603 1,792 1,329 1,720 1,509Balance -103 -319 -142 -235 -534 -293 -221 -324 -189 -733 63 -303 -155
India Exports 683 630 778 720 744 794 661 743 835 728 790 976 735Imports 410 450 419 406 402 388 402 424 426 526 490 519 438Balance 273 180 360 314 342 406 259 319 410 202 300 457 297
(ASEAN) Exports 8,823 7,827 8,902 8,508 8,119 8,680 8,578 8,849 10,045 8,509 9,302 10,709 9,414Imports 7,662 7,633 8,266 7,749 8,362 8,145 8,277 8,618 8,761 9,732 8,835 9,899 8,772Balance 1,161 194 637 759 -243 535 300 231 1,285 -1,223 467 809 642
Oceania Exports 1,690 1,561 1,818 1,833 1,752 1,743 1,756 1,615 1,543 1,866 2,107 1,964 1,759Imports 2,952 2,686 2,678 3,050 2,995 3,264 3,299 3,730 3,920 3,962 3,889 4,200 3,940Balance -1,262 -1,125 -861 -1,217 -1,243 -1,521 -1,543 -2,115 -2,377 -2,096 -1,782 -2,236 -2,182
Australia Exports 1,303 1,214 1,320 1,426 1,410 1,396 1,296 1,298 1,229 1,424 1,499 1,574 1,399Imports 2,530 2,291 2,236 2,601 2,604 2,821 2,907 3,237 3,482 3,597 3,492 3,702 3,431Balance -1,226 -1,077 -916 -1,175 -1,195 -1,424 -1,611 -1,939 -2,253 -2,173 -1,992 -2,128 -2,032
New Zealand Exports 196 160 189 223 176 218 218 222 245 176 219 245 225Imports 218 240 276 224 203 180 198 204 206 179 166 225 251Balance -22 -80 -86 -2 -26 38 20 18 39 -3 52 20 -26
North America Exports 12,797 10,347 12,934 12,477 10,379 12,558 12,774 12,864 14,449 11,142 13,126 14,796 13,297Imports 6,696 7,020 6,889 6,659 6,904 6,637 7,009 7,219 7,483 7,576 6,926 8,419 7,485Balance 6,101 3,327 6,044 5,818 3,475 5,921 5,765 5,645 6,966 3,566 6,200 6,377 5,812
U S A Exports 12,006 9,703 12,181 11,825 9,713 11,675 11,970 12,112 13,698 10,540 12,232 13,532 12,322Imports 5,879 6,249 6,007 5,896 6,139 5,808 6,177 6,309 6,507 6,552 6,121 7,259 6,456Balance 6,126 3,454 6,174 5,929 3,574 5,867 5,793 5,804 7,191 3,988 6,111 6,273 5,866
Canada Exports 791 644 752 652 666 883 805 752 750 602 894 1,264 975Imports 811 767 876 757 761 825 828 906 970 1,019 801 1,154 1,023Balance -20 -123 -124 -105 -95 58 -24 -155 -220 -417 93 111 -48
Latin America Exports 2,688 2,095 3,024 2,029 2,110 2,879 2,274 2,276 2,188 2,718 2,333 3,538 2,438Imports 2,119 2,175 2,170 2,463 1,971 2,069 2,013 2,546 2,349 2,576 2,569 2,577 2,597Balance 569 -80 854 -434 139 811 262 -270 -161 142 -236 962 -159
Brazil Exports 238 257 272 261 259 237 229 230 277 234 267 320 282Imports 627 566 593 519 468 522 523 631 576 492 560 590 558Balance -389 -309 -321 -258 -209 -286 -294 -401 -299 -258 -293 -270 -277
― 4 ―
2016* 2017Apr May Jun Jul Aug Sep Oct Nov Dec Jan** Feb** Mar** Apr(P)
Mexico Exports 1,053 814 948 946 926 1,056 1,026 1,023 1,088 871 980 1,188 1,084Imports 407 463 430 631 480 475 489 710 669 563 443 618 483Balance 646 351 518 316 446 581 537 313 419 308 537 570 602
Chile Exports 139 134 139 113 129 172 137 115 171 211 184 135 133Imports 474 524 540 442 484 396 381 458 451 826 692 480 595Balance -335 -389 -401 -330 -355 -225 -244 -343 -280 -615 -508 -344 -462
West Europe Exports 7,156 5,883 6,842 6,759 6,094 7,003 6,769 6,534 7,242 6,137 7,209 8,670 7,465Imports 6,976 6,949 7,048 7,141 7,182 6,925 7,265 7,578 7,875 7,377 7,113 7,932 7,084Balance 180 -1,066 -207 -382 -1,089 78 -497 -1,044 -634 -1,239 95 737 381
Germany Exports 1,732 1,406 1,617 1,607 1,445 1,632 1,684 1,474 1,798 1,468 1,669 1,888 1,674Imports 1,867 1,984 1,839 1,904 1,997 2,070 1,962 1,999 2,172 2,036 1,980 2,174 1,957Balance -135 -578 -222 -297 -551 -438 -278 -524 -374 -569 -311 -286 -283
United Exports 1,183 1,088 1,273 1,318 1,093 1,401 1,045 1,202 1,164 1,006 1,280 1,737 1,164Kingdom Imports 590 547 532 513 556 483 763 615 596 603 561 729 550
Balance 592 540 741 805 536 918 282 587 568 403 720 1,007 614France Exports 580 480 513 534 525 538 544 557 612 466 674 595 620
Imports 907 956 810 858 826 1,010 883 969 1,039 968 926 865 973Balance -327 -476 -297 -324 -300 -472 -339 -412 -427 -502 -252 -270 -353
Netherlands Exports 1,207 958 1,029 1,072 953 1,149 1,045 966 1,217 1,019 1,154 1,222 1,147Imports 189 267 193 184 196 259 167 197 178 189 193 284 175Balance 1,018 691 836 888 757 890 878 769 1,039 830 961 937 972
Italy Exports 411 318 357 375 313 419 385 406 404 342 446 474 443Imports 688 779 833 864 838 710 732 878 880 814 805 934 922Balance -277 -462 -476 -489 -525 -291 -347 -472 -476 -472 -359 -460 -479
Belgium Exports 546 472 549 492 459 512 493 480 568 497 568 595 540Imports 240 232 197 261 154 196 264 203 240 254 202 225 231Balance 307 240 352 231 305 316 229 277 328 243 366 370 309
Switzerland Exports 234 203 302 268 339 255 439 324 275 253 297 764 561Imports 889 521 699 644 668 676 725 583 847 674 650 777 619Balance -656 -318 -397 -375 -329 -422 -287 -259 -572 -421 -353 -13 -58
Sweden Exports 154 110 151 134 125 123 124 122 135 110 138 148 134Imports 207 201 173 243 194 175 205 231 201 232 195 222 230Balance -53 -90 -22 -108 -69 -52 -82 -108 -66 -122 -57 -74 -96
Ireland Exports 77 79 60 48 50 61 76 74 69 66 62 83 76Imports 320 334 681 591 670 299 581 734 544 346 540 452 348Balance -244 -255 -621 -543 -620 -239 -505 -660 -475 -280 -478 -368 -272
Spain Exports 295 223 274 273 236 262 260 236 273 193 239 299 292Imports 334 342 344 333 298 340 317 323 303 387 266 360 292Balance -40 -119 -70 -60 -62 -78 -56 -87 -31 -193 -27 -60 1
Central and Exports 1,030 916 1,278 1,205 1,003 1,145 1,171 984 1,041 962 1,165 1,242 1,432East Europe, Imports 1,371 1,417 1,399 1,390 1,658 1,586 1,501 1,615 1,924 1,960 1,997 1,924 1,866Russia Balance -342 -501 -121 -186 -655 -441 -330 -632 -883 -999 -832 -682 -434
Russia Exports 422 383 504 554 429 519 558 429 431 435 527 540 635Imports 888 973 899 887 1,097 1,026 951 1,092 1,330 1,304 1,464 1,301 1,293Balance -465 -590 -395 -332 -668 -507 -393 -663 -899 -869 -937 -761 -657
(EU) Exports 7,025 5,779 6,627 6,656 5,907 6,871 6,505 6,333 7,110 5,966 7,007 8,010 7,179Imports 6,228 6,517 6,511 6,677 6,734 6,503 6,804 7,181 7,159 6,914 6,596 7,328 6,570Balance 797 -738 116 -22 -827 368 -299 -849 -49 -948 411 682 609
Middle East Exports 2,070 1,800 2,197 1,860 1,933 2,448 2,089 2,160 2,231 1,750 2,026 2,480 1,786Imports 4,351 4,983 5,396 5,479 5,866 5,135 4,823 5,904 6,757 7,400 7,259 8,132 6,326Balance -2,281 -3,183 -3,199 -3,619 -3,933 -2,687 -2,734 -3,745 -4,526 -5,650 -5,232 -5,652 -4,541
U A E Exports 634 536 832 662 588 822 702 742 841 659 784 982 618Imports 1,038 1,499 1,612 1,809 1,688 1,522 1,155 1,766 2,056 2,009 1,889 1,991 1,754Balance -404 -963 -780 -1,147 -1,100 -700 -453 -1,025 -1,215 -1,350 -1,106 -1,008 -1,136
Saudi Arabia Exports 568 484 442 358 392 436 378 400 444 271 289 407 277Imports 1,559 1,713 1,677 1,670 1,968 1,500 1,801 2,065 2,402 2,817 2,653 3,099 2,567Balance -991 -1,229 -1,235 -1,311 -1,576 -1,064 -1,423 -1,665 -1,958 -2,545 -2,364 -2,692 -2,290
Kuwait Exports 122 121 147 120 150 193 170 158 157 143 140 128 124Imports 309 368 322 334 402 386 365 435 446 635 689 601 546Balance -188 -246 -175 -213 -252 -193 -196 -277 -289 -492 -549 -472 -422
Qatar Exports - - - - - - - - - - - - 114Imports - - - - - - - - - - - - 887Balance - - - - - - - - - - - - -774
Oman Exports - - - - - - - - - - - - 207Imports - - - - - - - - - - - - 156Balance - - - - - - - - - - - - 51
Iran Exports 51 32 36 44 63 75 59 66 110 49 56 160 78Imports 3 281 466 428 277 449 243 367 366 436 484 492 82Balance 47 -249 -431 -384 -214 -374 -184 -302 -256 -387 -427 -333 -4
Africa Exports 737 626 656 681 620 698 644 775 694 773 645 1,000 636Imports 624 596 680 442 604 555 641 641 903 680 727 802 878Balance 112 30 -24 239 16 143 3 134 -209 92 -82 197 -242
South Africa Exports 215 162 207 212 189 230 202 174 237 177 227 236 237Imports 359 347 387 270 410 406 417 380 508 337 372 426 461Balance -144 -185 -179 -58 -221 -177 -215 -206 -271 -160 -145 -190 -224
(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
-30,000
-25,000
-20,000
-15,000
-10,000
-5,000
0
5,000
10,000
15,000
20,000
25,000
30,000
80,000
60,000
40,000
20,000
0
20,000
40,000
60,000
80,000A
pr
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
2014 2015 2016 2017
Exports Imports Balance
Exports
Imports
World 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
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
2014 2015 2016 2017
AsiaExports
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
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
2014 2015 2016 2017
E UExports
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
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
2014 2015 2016 2017
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
10,000
20,000
30,000
40,000
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
2014 2015 2016 2017
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
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
2014 2015 2016 2017
U S AExports
Imports
Balance
― 6 ―
2.Value of Exports and Imports by Principal Commodity ( in 100 millions of yen )
2016* 2017Apr May Jun Jul Aug Sep Oct Nov Dec Jan** Feb** Mar** Apr(P)
Exports 58,896 50,919 60,253 57,284 53,164 59,689 58,702 59,564 66,789 54,220 63,475 72,296 63,294
Foodstuff 527 450 521 474 457 518 540 533 682 374 504 584 513
Raw materials 898 828 866 741 690 689 697 764 1,001 808 955 1,061 941
Mineral fuels 682 880 752 715 826 793 671 658 835 1,116 930 933 618
Chemicals 6,250 5,455 5,884 5,809 5,521 5,611 5,868 5,959 6,879 5,945 6,722 7,268 6,925
Manufactured goods 6,599 6,114 6,843 6,562 6,214 6,383 6,369 6,311 7,329 5,973 7,061 7,856 7,069
Machinery 11,622 10,162 11,723 11,468 10,423 11,336 11,122 11,165 13,298 10,064 13,164 14,782 12,937
Electrical machinery 10,382 8,652 10,294 10,159 9,828 10,808 10,711 10,616 12,052 9,232 10,855 12,012 11,082
Transport equipment 14,410 11,756 15,264 14,011 11,889 15,269 14,688 15,116 15,685 13,572 14,536 17,343 14,601
Motor vehicles 9,131 7,443 9,952 9,650 7,773 10,219 9,943 10,295 10,566 8,105 9,445 10,402 9,291
Others 7,525 6,622 8,107 7,345 7,317 8,283 8,037 8,442 9,028 7,136 8,748 10,456 8,607
Imports 50,783 51,393 53,389 52,239 53,510 54,824 53,891 58,099 60,430 65,139 55,364 66,193 58,483
Foodstuff 5,478 5,319 5,326 5,195 5,149 4,996 5,066 5,837 5,848 5,376 4,598 5,909 5,839
Raw materials 3,352 3,332 3,348 3,055 3,152 3,261 3,273 3,279 3,613 3,804 3,322 3,891 3,793
Mineral fuels 7,876 8,673 8,985 9,715 10,154 9,358 8,995 11,111 13,065 14,553 13,943 14,947 12,497
Petroleum 3,533 4,508 4,636 5,053 4,917 4,553 4,001 4,941 6,005 6,386 6,434 6,828 5,690
Chemicals 5,883 5,511 6,017 5,758 5,957 5,454 5,924 6,264 5,956 6,264 5,632 6,599 6,101
Manufactured goods 4,986 5,002 5,122 4,659 4,934 4,950 4,997 5,147 5,245 5,863 4,673 5,905 5,384
Machinery 5,050 5,248 5,370 4,943 4,767 5,086 4,971 5,353 5,653 6,253 5,217 6,311 5,318
Electrical machinery 7,558 8,149 8,960 7,985 8,068 9,964 9,958 9,688 9,681 10,889 8,225 10,063 8,772
Transport equipment 2,398 2,532 2,380 2,713 2,427 2,502 2,694 2,822 3,029 2,424 2,352 2,597 2,435
Others 8,202 7,627 7,879 8,216 8,901 9,252 8,014 8,599 8,339 9,711 7,402 9,970 8,343
(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
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
2014 2015 2016 2017
Foodstuff Raw materials Mineral fuels Chemicals
Manufactured goods Machinery Electrical machinery Transport equipment
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
2014 2015 2016 2017
Exports Imports
― 7 ―
C. Taxes and Stamp Revenues (1 June 2017)FY 2015 (in 100 millions of yen)
2015 2016
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Income Tax 175,900 -3,582 8,621 11,186 38,579 11,755 11,364 8,680 12,996 10,454 28,184 6,675 6,125 26,311 723 178,071
Withheld atSource
147,060 -3,068 8,630 10,818 34,012 11,514 11,198 8,463 8,332 10,014 28,015 5,692 2,867 11,134 110 147,732
Self-assessed 28,840 -514 -9 369 4,566 241 166 217 4,664 441 169 984 3,258 15,177 613 30,340
117,410 -1,031 -555 1,558 -422 4,500 1,851 3,708 32,907 3,186 2,132 9,497 1,977 4,490 44,478 108,274
17,610 98 49 1,090 1,048 1,257 1,396 1,909 1,537 2,137 1,381 1,824 3,127 1,516 1,316 19,684
171,120 -197 -318 222 17,513 17,520 11,514 14,331 19,295 9,548 12,960 19,346 8,245 17,618 26,666 174,263
13,080 44 64 1,119 1,074 1,255 1,251 1,134 1,076 1,124 1,105 1,522 648 893 1,071 13,380
9,060 1 831 796 765 881 780 768 844 729 898 664 705 872 1 9,536
24,660 0 9 2,090 2,012 1,999 1,956 2,128 2,321 2,035 2,062 1,877 2,350 1,932 1,875 24,646
100 0 1 8 8 8 8 8 7 8 7 8 8 7 7 92
510 0 40 43 42 45 47 44 44 41 43 40 42 42 0 513
6,280 -49 37 538 573 650 610 453 496 482 468 438 564 567 479 6,304
3,230 0 261 242 242 263 295 262 243 241 253 291 289 277 0 3,159
3,740 299 292 351 358 273 340 319 291 277 266 342 441 0 0 3,849
11,170 382 427 828 920 877 921 911 904 919 873 852 834 448 392 10,487
100 8 9 8 8 8 8 8 8 8 8 8 9 0 0 99
- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10,270 1,492 687 790 869 712 832 784 742 913 687 746 1,192 49 1 10,495
564,240 -2,535 10,455 20,868 63,589 42,004 33,173 35,445 73,711 32,101 51,327 44,130 26,555 55,021 77,009 562,854
(Reference)
5,225 0 0 3 1 34 1 -24 226 136 63 665 127 245 3,686 5,161
2,638 0 1 224 215 214 209 228 248 218 221 201 251 207 201 2,637
100 0 1 8 8 8 8 8 7 8 7 8 8 7 7 92
146 0 12 12 12 13 13 12 13 12 12 12 12 12 0 147
2,567 205 201 241 246 187 233 219 200 190 183 235 303 0 0 2,642
125 10 11 9 11 10 10 10 10 10 10 11 11 0 0 124
21,753 520 1,065 874 1,513 5,977 2,429 1,148 874 465 5,392 252 297 0 0 20,806
1,401 0 129 123 118 136 121 119 131 113 139 103 109 135 0 1,475
3,677 -76 180 232 802 246 237 180 271 215 587 139 127 552 15 3,707
- -3 2 23 7 -1 -5 -1 5 9 2 5 5 0 0 49other
Estimate(Revised)
Corporation Tax
Consumption Tax
Inheritance Tax
Tobacco Tax
Aviation Fuel Tax
Motor VehicleTonnage Tax
Liquor Tax
Local SpecialCorporate Tax
Liquefied PetroleumGas Tax
Settlement
(Notes) 1.* is distributed amount to local governments. 2.Totals may not add due to rounding. 3.FY2016 is Provisional.
Gasoline Tax
other
General AccountTotal
Local CorporationTax
Stamp Revenue
Customs Duty
Tonnage Due
Source : Tax Bureau (http://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 2016 (in 100 millions of yen)
2016 2017
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr(P) May
Income Tax 177,100 -2,513 8,168 11,740 36,085 11,812 9,484 9,405 13,182 13,333 23,873 7,067 7,181 26,543 175,360
Withheld atSource
146,560 -2,062 8,184 11,431 31,282 11,544 9,286 9,196 8,188 12,885 23,711 6,133 3,548 11,424 144,750
Self-assessed 30,540 -451 -16 308 4,804 267 198 209 4,994 449 162 934 3,632 15,119 30,610
111,360 -586 -359 1,819 -3,278 3,749 1,790 3,687 33,035 1,811 2,051 10,030 2,187 4,112 60,049
21,100 70 45 1,648 1,835 1,489 1,611 1,659 1,669 1,988 1,457 1,994 3,105 1,444 20,012
168,010 -360 -357 -1,337 16,657 17,569 10,903 13,309 17,680 9,721 13,336 19,161 8,271 17,953 142,506
13,590 37 61 1,165 1,025 1,246 1,180 1,138 1,068 1,074 1,131 1,474 677 859 12,136
9,230 3 754 718 810 818 788 799 739 742 865 635 652 818 9,140
23,860 0 38 2,093 2,184 1,757 1,868 2,412 2,005 2,038 2,036 1,904 2,278 1,915 22,528
90 0 1 7 7 7 8 8 7 7 7 8 7 7 80
520 0 40 42 42 45 47 44 44 42 43 43 39 43 514
6,880 -87 30 619 643 527 757 573 535 583 523 445 675 631 6,455
3,200 0 250 237 240 265 291 284 252 247 264 297 289 280 3,197
3,850 280 296 324 313 291 349 320 324 297 293 351 478 0 3,915
9,190 334 373 752 764 787 777 774 826 789 817 728 851 454 9,027
100 8 8 8 8 8 9 8 8 9 8 8 8 0 98
- 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10,520 1,529 724 856 818 783 889 798 774 897 718 763 1,194 48 10,790
558,600 -1,286 10,073 20,691 58,154 41,152 30,750 35,220 72,147 33,578 47,421 44,907 27,892 55,108 475,808
(Reference)
6,293 -4 -4 173 180 461 134 236 1,786 81 97 515 100 192 3,948
2,553 0 4 224 234 188 200 258 215 218 218 204 244 205 2,410
90 0 1 7 7 7 8 8 7 7 7 8 7 7 80
149 0 12 12 12 13 13 13 13 12 12 12 11 12 147
2,642 192 203 223 215 199 240 220 222 204 201 241 328 0 2,687
125 10 10 10 10 11 11 11 10 11 10 10 11 0 123
17,565 481 764 606 1,828 3,788 1,752 995 899 454 5,661 277 311 0 17,816
1,428 0 117 111 125 127 122 124 114 115 134 98 101 127 1,414
3,714 -54 171 245 751 247 198 196 276 277 496 147 150 556 3,655
- 3 1 11 3 2 1 2 2 7 -2 3 4 0 35
Tonnage Due
Consumption Tax
Inheritance Tax
Corporation Tax
Estimate(Revised)
Gasoline Tax
Tobacco Tax
Liquor Tax
Special TonnageDue
Special incometax forreconstruction
Total(P)
Local CorporationTax
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 Fuel Tax
Liquefied PetroleumGas Tax
other
― 9 ―
・ Trends in general account tax revenue
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Apr
May
Ju
n
Ju
l
Au
g
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2015 2016
Income Tax Corporation Tax Consumption Tax
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Apr
May
Ju
n
Ju
l
Au
g
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2016 2017
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Apr
May
Ju
n
Ju
l
Au
g
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2013 2014
FY2013
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Apr
May
Ju
n
Ju
l
Au
g
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2014 2015
FY2014
FY2015 FY2016
― 10 ―
・ Trends in general account tax revenue (total)
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
Apr
May
Ju
n
Ju
l
Au
g
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2015 2016
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
Apr
May
Ju
n
Ju
l
Au
g
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2016 2017
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000A
pr
May
Ju
n
Ju
l
Au
g
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2013 2014
FY2013
-20,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
Apr
May
Ju
n
Ju
l
Au
g
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2014 2015
FY2014
FY2015 FY2016
― 11 ―
2016
Jun Jul Aug Sep
Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance
1 General Account 99,260 90,460 8,800 66,746 60,636 6,111 61,721 34,818 26,903 54,173 73,495 -19,322
Taxes 96,834 21,024 75,809 63,525 22,625 40,900 57,818 10,946 46,872 49,357 8,352 41,005
Non-tax Receipt 1,720 - 1,720 2,408 - 2,408 1,713 - 1,713 1,590 - 1,590
Social Security - 11,749 -11,749 - 17,380 -17,380 - 9,761 -9,761 - 11,967 -11,967
Grants to LocalGovernment Entities 707 40,702 -39,996 814 - 814 2,190 3,198 -1,008 3,226 43,441 -40,215
National Defense - 3,154 -3,154 - 5,014 -5,014 - 3,269 -3,269 - 2,545 -2,545
Public Works - 1,940 -1,940 - 1,619 -1,619 - 2,043 -2,043 - 2,138 -2,138
Treasury's Share inCompulsory EducationExpenditure
- 2,789 -2,789 - 938 -938 - 938 -938 - 938 -938
Miscellaneous - 9,101 -9,101 - 13,060 -13,060 - 4,664 -4,664 - 4,113 -4,113
2 Special Accountsetc.
75,078 122,356 -47,278 60,645 35,562 25,083 65,679 98,880 -33,201 104,063 61,396 42,667
Fiscal Investmentand Loan
17,582 6,177 11,405 7,631 2,849 4,781 6,956 3,419 3,537 42,662 5,025 37,637
Foreign ExchangeEqualization Fund
12,572 13,194 -622 8,611 8,833 -221 10,213 9,067 1,147 10,818 10,352 466
Insurance 42,505 80,329 -37,824 41,519 18,616 22,903 45,557 82,157 -36,600 47,891 22,013 25,879
Miscellaneous 2,419 22,656 -20,237 2,885 5,265 -2,380 2,953 4,237 -1,284 2,692 24,006 -21,314
3 Subtotal (1+2) 174,338 212,816 -38,478 127,392 96,198 31,194 127,400 133,698 -6,298 158,236 134,890 23,345
4 GovernmentBonds etc.
121,109 132,496 -11,387 118,721 16,961 101,761 122,169 12,896 109,273 115,321 133,195 -17,873
Government Bonds(over one year)
115,109 127,496 -12,387 112,721 11,961 100,761 115,188 6,915 108,273 109,322 127,195 -17,873
Borrowings 6,000 5,000 1000 6,000 5,000 1000 6,981 5,982 999 6,000 6,000 -0
5 TreasuryDiscount Bills etc.
276,598 243,225 33,374 265,999 173,249 92,750 331,499 256,567 74,932 267,498 222,945 44,552
TreasuryDiscount Bills
234,598 201,225 33,374 234,499 141,749 92,750 278,999 204,067 74,932 235,998 191,445 44,553
Short TermBorrowings
42,000 42,000 0 31,500 31,500 0 52,500 52,500 0 31,500 31,500 -0
6 Subtotal (4+5) 397,707 375,720 21,987 384,720 190,210 194,510 453,668 269,463 184,205 382,819 356,140 26,679
7 Total (3+6) 572,046 588,536 -16,491 512,112 286,408 225,704 581,068 403,161 177,907 541,055 491,030 50,025
8 Adjustments 6,456 9,104 -2,647 9,643 7,902 1,740 9,449 9,729 -280 5,976 10,165 -4,189
9Grand Total(7+8)
578,502 597,640 -19,138 521,755 294,310 227,444 590,517 412,890 177,627 547,030 501,195 45,835
(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.
37,773 92,949 74,431 43,153
Source : Financial Bureau (http://www.mof.go.jp/english/exchequer/receipts_payments/index.htm)
D. Receipts and Payments of the Treasury Funds with the Private Sector (2 June 2017)
Redemption of T-Bills(TBs and FBs) held tomaturity by the Bank ofJapan
Category
― 12 ―
(in 100 millions of yen)
2016 2017
Oct Nov Dec Jan
Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance
43,748 49,834 -6,086 50,006 81,821 -31,815 88,378 55,607 32,771 52,713 34,459 18,254 1
40,598 9,560 31,038 47,386 7,183 40,203 84,529 10,639 73,890 50,440 7,406 43,034 Taxes
1,391 - 1,391 1,605 - 1,605 2,557 - 2,557 1,573 - 1,573 Non-tax Receipt
- 21,594 -21,594 - 13,825 -13,825 - 15,643 -15,643 - 8,943 -8,943 Social Security
1,759 0 1,759 1,015 47,474 -46,459 1,292 3,572 -2,280 700 - 700Grants to LocalGovernment Entities
- 3,080 -3,080 - 2,732 -2,732 - 5,558 -5,558 - 2,902 -2,902 National Defense
- 2,098 -2,098 - 2,339 -2,339 - 3,226 -3,226 - 2,043 -2,043 Public Works
- 938 -938 - 943 -943 - 2,929 -2,929 - 943 -943Treasury's Share inCompulsory EducationExpenditure
- 12,563 -12,563 - 7,326 -7,326 - 14,041 -14,041 - 12,223 -12,223 Miscellaneous
58,939 104,050 -45,111 58,420 52,498 5,922 65,482 142,813 -77,331 49,196 51,579 -2,3832
6,190 4,629 1,560 6,548 21,827 -15,280 10,773 6,042 4,731 9,777 9,524 253Fiscal Investmentand Loan
14,876 11,705 3,171 12,598 8,957 3,641 9,584 8,497 1,087 5,930 16,118 -10,188Foreign ExchangeEqualization Fund
35,711 81,052 -45,340 37,285 15,586 21,699 38,466 81,204 -42,738 31,965 20,541 11,423 Insurance
2,162 6,664 -4,502 1,989 6,128 -4,139 6,659 47,070 -40,411 1,524 5,396 -3,872 Miscellaneous
102,687 153,884 -51,197 108,426 134,319 -25,893 153,861 198,420 -44,559 101,909 86,038 15,871 3
125,937 21,300 104,637 119,539 24,423 95,116 114,099 154,424 -40,325 119,235 15,702 103,5324
120,437 16,300 104,137 113,877 18,980 94,897 108,099 149,424 -41,325 114,235 11,702 102,532Government Bonds(overone year)
5,500 5,000 500 5,662 5,443 218.99 6,000 5,000 1,000 5,000 4,000 1,000 Borrowings
310,698 210,278 100,421 277,598 208,295 69,302 278,699 216,181 62,518 263,898 182,700 81,1985
279,198 178,778 100,421 235,597 166,295 69,302 236,698 174,181 62,518 232,398 151,200 81,198TreasuryDiscount Bills
31,500 31,500 0 42,000 42,000 -0 42,000 42,000 0 31,500 31,500 0Short TermBorrowings
436,635 231,578 205,058 397,137 232,718 164,418 392,797 370,605 22,193 383,133 198,402 184,731 6
539,323 385,462 153,861 505,563 367,038 138,525 546,658 569,025 -22,367 485,042 284,440 200,602 7
5,186 4,932 254 6,478 6,487 -8 10,983 14,166 -3,182 7,107 7,702 -596 8
544,509 390,394 154,115 512,041 373,524 138,517 557,641 583,191 -25,549 492,148 292,143 200,006 9
99,221 69,204 61,817 84,199
Category
Redemption of T-Bills (TBsand FBs) held to maturityby the Bank of Japan
Grand Total(7+8)
Adjustments
General Account
Subtotal (4+5)
Total (3+6)
Special Accountsetc.
Subtotal (1+2)
Government Bondsetc.
Treasury DiscountBills etc.
― 13 ―
(in 100 millions of yen)
2017
Feb Mar Apr May
Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance
1 General Account 46,675 33,520 13,155 65,362 110,143 -44,780 74,248 119,165 -44,917 57,428 39,524 17,904
Taxes 40,182 5,576 34,606 60,268 20,343 39,926 61,897 14,350 47,547 54,490 8,223 46,267
Non-tax Receipt 1,529 - 1,529 4,787 - 4,787 11,993 - 11,993 2,397 - 2,397
Social Security - 8,539 -8,539 - 27,622 -27,622 - 22,718 -22,718 - 21,796 -21,796
Grants to LocalGovernment Entities 4,964 7,014 -2,050 307 10,828 -10,521 358 38,914 -38,556 542 1,092 -551
National Defense - 3,540 -3,540 - 6,466 -6,466 - 7,276 -7,276 - 3,117 -3,117
Public Works - 2,226 -2,226 - 30,456 -30,456 - 12,944 -12,944 - 1,142 -1,142
Treasury's Share inCompulsory EducationExpenditure
- 1,000 -1,000 - 1,021 -1,021 - 939 -939 - 939 -939
Miscellaneous - 5,625 -5,625 - 13,407 -13,407 - 22,023 -22,023 - 3,214 -3,214
2 Special Accountsetc.
83,839 108,425 -24,587 92,801 108,352 -15,551 55,053 116,724 -61,671 50,754 58,001 -7,247
Fiscal Investmentand Loan
5,936 5,910 25 45,452 43,291 2,160 4,465 2,741 1,724 6,341 27,039 -20,699
Foreign ExchangeEqualization Fund
9,682 11,679 -1,997 8,468 8,861 -392 5,542 11,190 -5,648 7,093 7,046 47
Insurance 64,460 84,709 -20,249 33,854 18,908 14,946 40,026 79,515 -39,489 35,590 19,491 16,099
Miscellaneous 3,761 6,127 -2,366 5,027 37,292 -32,265 5,020 12,946 -7,925 1,730 4,424 -2,694
3 Subtotal (1+2) 130,513 141,945 -11,432 158,163 218,494 -60,331 129,301 235,888 -106,588 108,182 97,525 10,657
4 GovernmentBonds etc.
125,066 18,164 106,903 118,492 143,842 -25,350 118,517 19,474 99,043 115,225 14,718 100,507
Government Bonds(over one year)
119,630 13,227 106,403 115,492 141,342 -25,850 111,517 13,474 98,043 107,635 8,200 99,435
Borrowings 5,436 4,937 499 3,000 2,500 500 7,000 6,000 1,000 7,590 6,518 1,072
5 TreasuryDiscount Bills etc.
285,898 230,915 54,983 263,799 220,012 43,787 259,598 213,583 46,015 313,897 266,463 47,435
TreasuryDiscount Bills
233,398 178,415 54,983 232,299 188,512 43,787 228,098 182,083 46,015 271,897 224,462 47,434
Short TermBorrowings
52,500 52,500 0 31,500 31,500 0 31,500 31,500 -0 42,000 42,000 0
6 Subtotal (4+5) 410,965 249,079 161,886 382,291 363,854 18,437 378,115 233,057 145,058 429,122 281,181 147,942
7 Total (3+6) 541,478 391,024 150,454 540,455 582,348 -41,894 507,416 468,946 38,470 537,304 378,706 158,598
8 Adjustments 3,733 5,441 -1,708 7,308 9,628 -2,319 6,593 3,540 3,053 4,338 4,298 40
9Grand Total(7+8)
545,211 396,465 148,746 547,763 591,976 -44,213 514,009 472,486 41,523 541,642 383,003 158,638
56,783 48,086 53,815 55,735
Category
Redemption of T-Bills(TBs and FBs) held tomaturity 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
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2014 2015 2016 2017
General Account Special Accounts Government Bonds Treasury Discount Bills
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
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
Sep Oct
Nov
Dec
Jan Feb
Mar
Apr
May
2014 2015 2016 2017
Receipts
Payments
― 15 ―
E. Official Reserve Assets at the End of Periods (7 June 2017)
2015 (in millions of US dollars)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Official reserve assets 1,261,103 1,251,112 1,245,316 1,250,073 1,245,755 1,242,935 1,242,316 1,244,150 1,248,936 1,244,211 1,233,008 1,233,214
Foreign currency reserves 1,199,797 1,191,601 1,187,858 1,192,407 1,188,152 1,185,861 1,187,529 1,187,804 1,192,947 1,187,794 1,179,074 1,179,004
Securities 1,167,587 1,143,191 1,124,518 1,129,517 1,125,516 1,123,229 1,124,758 1,119,146 1,114,865 1,093,953 1,076,245 1,064,227
Deposits 32,210 48,410 63,340 62,890 62,636 62,632 62,771 68,658 78,082 93,841 102,829 114,777
IMF reserve position 11,401 10,775 9,752 9,775 9,649 9,421 9,075 9,624 9,784 9,594 9,412 9,531
SDRs 18,387 18,358 17,994 18,340 18,134 18,341 18,188 18,308 18,308 18,218 17,897 18,048
Gold 31,006 29,868 29,203 29,037 29,312 28,810 27,024 27,924 27,407 28,105 26,126 26,134
Other reserve assets 512 510 509 514 508 502 500 490 490 500 499 497
2016Jan 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
Foreign currency reserves 1,170,803 1,170,660 1,168,909 1,180,046 1,189,360
Securities 1,043,826 1,042,763 1,042,952 1,052,925 1,061,544
Deposits 126,977 127,897 125,957 127,121 127,816
IMF reserve position 12,201 11,979 11,936 12,041 12,126
SDRs 18,233 18,310 18,350 18,542 18,715
Gold 29,837 30,891 30,626 31,157 31,151
Other reserve assets 499 500 509 509 516(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 (http://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
2015 2016 2017
Foreign currency reserves IMF reserve position SDRs Gold Other reserve assets
― 17 ―
F. Balance of Payments (8 June 2017)
( in 100 millions of yen )
2016 2017
Apr May Jun Jul Aug Sep Oct Nov Dec Jan(P) Feb(P) Mar(P) Apr(P)
Current Account 18,161 17,576 9,765 19,396 19,704 18,643 15,466 14,267 11,143 655 28,136 29,077 19,519
Goods & Services 2,712 1,127 6,044 3,972 1,675 5,743 2,390 4,035 5,201 -10,892 10,130 10,459 2,589
Goods 6,825 308 7,625 6,007 2,180 6,672 5,659 3,400 8,087 -8,534 10,768 8,655 5,536
Exports 56,167 50,636 58,458 55,560 53,000 58,805 57,490 59,418 66,815 55,173 63,339 71,659 61,786
Imports 49,342 50,328 50,833 49,553 50,819 52,133 51,831 56,017 58,728 63,707 52,570 63,004 56,250
-4,113 819 -1,581 -2,035 -506 -929 -3,269 635 -2,886 -2,357 -639 1,804 -2,947
Primary income 17,452 18,936 4,127 16,935 19,811 15,100 14,749 12,049 6,841 12,655 19,751 21,951 18,480
Secondary income -2,002 -2,487 -406 -1,511 -1,781 -2,200 -1,673 -1,817 -900 -1,108 -1,745 -3,333 -1,551
Capital Account 204 -80 -87 -466 -129 -269 -790 -99 -99 -235 -119 -315 -32
Financial Account 16,157 40,013 13,627 40,236 31,244 33,480 7,866 11,842 2,412 -15,351 17,752 50,249 10,705
8,492 5,383 4,652 4,767 -1,211 45,202 15,546 6,326 21,066 11,110 21,355 24,228 4,658
-52,627 66,788 30,083 32,147 65,577 4,580 31,254 -23,402 -51,994 -47,137 -28,642 35,134 -73,080
-4,656 -3,139 -4,131 -3,308 -4,023 -1,687 -925 4,863 11,968 5,916 3,758 2,287 -4,532
65,239 -31,097 -14,318 8,702 -28,793 -15,786 -33,063 22,284 22,075 3,775 16,762 -7,559 80,577
-292 2,077 -2,659 -2,073 -306 1,171 -4,946 1,771 -704 10,986 4,519 -3,841 3,083
-2,209 22,517 3,949 21,306 11,669 15,106 -6,811 -2,326 -8,632 -15,771 -10,265 21,486 -8,782
(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
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 Jan Feb Mar Apr
2014 2015 2016 2017
Goods & Services Primary income Secondary income Capital Account Financial Account Net errors & omissions
― 19 ―
(Appendix table)
1. Direct Investment Assets/Liabilities( in 100 millions of yen )
2016 2017
Apr May Jun Jul Aug Sep Oct Nov Dec Jan(P) Feb(P) Mar(P) Apr(P)
Direct Investment Assets Execution 37,790 39,205 53,361 55,010 51,933 80,050 54,097 48,819 71,013 57,437 68,934 81,189 32,799
Withdrawal 30,445 30,040 36,102 32,101 66,075 35,311 38,619 36,805 49,293 46,363 45,413 55,226 24,970
Net 7,345 9,166 17,259 22,909 -14,142 44,740 15,478 12,014 21,720 11,074 23,521 25,963 7,829
Equity other than Execution 5,595 5,378 10,214 25,274 8,308 41,983 15,595 8,088 15,505 6,323 19,053 29,295 9,080
reinvestment of Withdrawal 2,061 2,831 2,121 5,120 27,765 2,196 3,950 2,885 4,321 1,199 1,997 11,652 3,580
earnings Net 3,534 2,547 8,093 20,155 -19,457 39,786 11,645 5,203 11,183 5,124 17,056 17,642 5,500
Reinvestment of Execution 4,186 4,188 4,134 4,147 4,163 4,654 4,655 4,652 4,653 4,654 4,639 4,633 4,634
earnings Withdrawal - - - - - - - - - - - - -
Net 4,186 4,188 4,134 4,147 4,163 4,654 4,655 4,652 4,653 4,654 4,639 4,633 4,634
Debt instruments Execution 28,009 29,639 39,013 25,589 39,461 33,413 33,847 36,079 50,855 46,460 45,242 47,261 19,085
Withdrawal 28,384 27,209 33,981 26,981 38,310 33,114 34,669 33,920 44,971 45,165 43,417 43,573 21,390
Net -375 2,430 5,032 -1,392 1,152 299 -822 2,159 5,884 1,295 1,826 3,688 -2,305
Execution 30,899 34,531 49,642 47,761 39,297 24,542 19,411 21,184 25,574 26,261 32,483 31,677 35,656
Withdrawal 32,047 30,748 37,034 29,619 52,228 25,004 19,479 15,496 24,920 26,297 30,317 29,942 32,484
Net -1,148 3,783 12,607 18,142 -12,931 -462 -68 5,688 654 -36 2,166 1,735 3,171
Equity other than Execution 1,356 3,366 1,862 1,653 4,260 1,342 1,024 576 1,641 1,887 1,573 2,418 2,261
reinvestment of Withdrawal 1,969 2,334 1,510 570 236 1,116 352 539 3,847 926 335 2,325 1,848
earnings Net -612 1,032 353 1,083 4,024 226 671 37 -2,206 961 1,237 94 413
Reinvestment of Execution 1,094 1,091 1,128 1,130 1,135 1,175 1,181 1,149 1,131 1,138 1,170 1,204 1,222
earnings Withdrawal - - - - - - - - - - - - -
Net 1,094 1,091 1,128 1,130 1,135 1,175 1,181 1,149 1,131 1,138 1,170 1,204 1,222
Debt instruments Execution 28,449 30,074 46,651 44,978 33,902 22,025 17,206 19,459 22,803 23,235 29,740 28,054 32,172
Withdrawal 30,078 28,415 35,525 29,048 51,992 23,888 19,127 14,957 21,074 25,370 29,981 27,617 30,636
Net -1,629 1,659 11,127 15,929 -18,090 -1,864 -1,921 4,502 1,729 -2,135 -241 437 1,537(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( in 100 millions of yen )
2016 2017
Apr May Jun Jul Aug Sep Oct Nov Dec Jan(P) Feb(P) Mar(P) Apr(P)
Portfolio Investment Assets 6,368 28,220 28,240 71,389 35,100 14,700 26,253 15,521 -26,247 -4,761 -15,610 -10,043 -32,842
Acquisition 41,965 49,300 47,698 44,706 44,567 40,479 38,853 54,701 43,209 39,907 47,561 55,512 46,704
fund shares Disposition 49,864 44,464 37,543 32,302 33,205 36,151 34,987 40,208 46,866 32,270 41,699 63,551 41,029
Net -7,899 4,835 10,154 12,404 11,362 4,328 3,865 14,494 -3,657 7,637 5,862 -8,039 5,675
Long-term Acquisition 321,093 298,956 340,244 342,893 328,876 319,198 312,978 354,912 255,366 282,541 277,301 360,038 276,845
debt securities Disposition 304,656 277,428 319,909 283,246 302,096 310,016 288,438 353,913 276,503 295,134 298,465 363,765 318,744
Net 16,437 21,528 20,335 59,647 26,780 9,181 24,540 999 -21,136 -12,593 -21,164 -3,727 -41,899
Short-term Acquisition 20,622 24,181 25,641 16,526 13,413 21,354 15,949 11,749 9,788 13,200 17,590 43,950 40,893
debt securities Disposition 22,793 22,325 27,890 17,188 16,455 20,163 18,102 11,720 11,241 13,004 17,898 42,227 37,512
Net -2,170 1,856 -2,249 -662 -3,042 1,191 -2,153 29 -1,453 196 -308 1,722 3,381
58,995 -38,568 -1,843 39,242 -30,478 10,120 -5,001 38,923 25,747 42,377 13,031 -45,178 40,238
Acquisition 432,393 363,301 423,790 399,713 374,367 341,393 335,018 448,884 445,939 374,080 386,575 422,636 409,466
fund shares Disposition 420,510 366,273 428,525 400,851 379,181 353,954 326,128 436,628 439,723 374,873 388,634 438,969 394,494
Net 11,882 -2,972 -4,735 -1,139 -4,814 -12,560 8,890 12,256 6,217 -793 -2,059 -16,333 14,972
Long-term Acquisition 105,806 56,368 89,513 84,491 77,452 117,559 72,175 75,209 83,020 88,824 80,307 91,252 75,661
debt securities Disposition 64,728 47,598 96,919 67,481 66,098 118,130 69,446 74,817 87,708 68,708 68,415 101,511 63,586
Net 41,078 8,770 -7,406 17,010 11,355 -571 2,729 392 -4,687 20,116 11,892 -10,259 12,075
Short-term Acquisition 160,636 165,873 201,357 152,085 166,694 210,087 152,567 181,198 194,651 165,368 170,238 176,579 193,573
debt securities Disposition 154,601 210,240 191,059 128,714 203,712 186,835 169,188 154,922 170,434 142,314 167,040 195,164 180,382
Net 6,035 -44,367 10,298 23,371 -37,018 23,252 -16,620 26,276 24,217 23,054 3,198 -18,585 13,191
(Notes) 1. Totals may not add due to rounding.2. "(P)" means Preliminary.
Source : International Bureau (http://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) (8 June 2017)
Portfolio Investment Assets ( in 100 millions of yen )2016 2017May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May42,018 38,047 38,065 39,899 35,316 34,911 49,524 39,069 34,306 42,173 49,743 42,210 50,85238,978 32,968 28,903 29,949 32,977 30,587 36,731 41,802 29,112 38,035 56,650 36,269 38,694
Net 3,040 5,078 9,162 9,949 2,339 4,324 12,793 -2,733 5,195 4,138 -6,907 5,941 12,158281,850 315,478 326,384 315,694 303,719 294,837 338,878 245,875 268,282 268,237 347,180 267,058 272,646266,664 296,026 271,891 292,831 299,261 281,378 338,039 264,446 284,491 278,909 346,789 309,617 241,571
Net 15,186 19,452 54,494 22,863 4,457 13,459 839 -18,571 -16,210 -10,673 390 -42,559 31,074
Subtotal Net (A) 18,226 24,530 63,656 32,813 6,797 17,782 13,632 -21,304 -11,015 -6,535 -6,517 -36,617 43,233
22,852 23,777 15,607 12,576 20,289 15,288 10,329 9,067 12,867 16,822 41,444 38,802 48,55820,395 26,586 16,245 15,710 19,168 17,453 11,076 10,415 11,941 16,675 40,398 36,323 50,195
Net 2,457 -2,809 -638 -3,134 1,121 -2,166 -747 -1,348 926 147 1,046 2,479 -1,637
Total (C) 20,683 21,722 63,018 29,679 7,917 15,617 12,885 -22,652 -10,089 -6,388 -5,471 -34,139 41,595
Portfolio Investment Liabilities362,337 422,913 397,397 373,118 339,977 333,311 448,023 444,667 373,269 385,627 421,281 407,295 424,337365,630 427,254 399,642 378,403 353,417 325,484 435,920 438,770 374,460 387,948 438,153 392,249 417,457
Net -3,293 -4,342 -2,244 -5,285 -13,440 7,826 12,103 5,896 -1,192 -2,321 -16,872 15,046 6,88052,452 84,125 71,428 75,882 103,289 59,870 69,878 80,169 78,844 68,691 75,967 71,115 61,54041,772 94,098 60,010 64,603 110,528 62,949 73,321 81,401 62,003 64,335 89,995 60,548 45,103
Net 10,680 -9,973 11,419 11,279 -7,239 -3,079 -3,443 -1,232 16,841 4,357 -14,028 10,567 16,437
Subtotal Net (B) 7,387 -14,315 9,174 5,994 -20,679 4,748 8,660 4,664 15,649 2,035 -30,900 25,613 23,317
163,492 199,420 150,834 165,972 207,930 151,559 180,394 189,113 164,044 169,562 175,234 192,369 168,300209,391 190,546 127,125 202,264 185,550 168,361 154,186 168,794 139,503 165,383 192,936 178,873 198,104
Net -45,899 8,875 23,709 -36,291 22,380 -16,802 26,207 20,319 24,541 4,179 -17,702 13,496 -29,804
Total (D) -38,512 -5,440 32,883 -30,298 1,700 -12,055 34,868 24,984 40,191 6,215 -48,602 39,110 -6,487
Subtotal Net (A) - (B) 10,839 38,845 54,481 26,819 27,476 13,035 4,972 -25,968 -26,664 -8,570 24,384 -62,231 19,916
Total Net (C) - (D) 59,195 27,161 30,135 59,976 6,217 27,671 -21,982 -47,636 -50,279 -12,602 43,132 -73,249 48,083
(Notes) 1. Transactions related to investment funds will be recorded under the new items "Equity and investment fund shares" starting from January 2014.2. Totals may not add due to rounding.3. International Transactions in Securities show net aquisition with a plus sign(+) and net disposition with a minus sign(-).4. "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 (http://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
-100,000
-50,000
0
50,000
100,000
150,000
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 Jan Feb Mar Apr May
2014 2015 2016 2017
Portfolio Investment Assets Portfolio Investment Liabilities
― 23 ―
H. The balance of Offshore Accounts (15 June 2017)
1. End of April 2017 Assets (in 100 millions of Yen, %) Liabilities (in 100 millions of 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 23,199 18,240 16,580 13,791 6,619 4,449 Deposits/ Call Money 59,379 54,834 52,472 50,097 6,907 4,737
Securities 268,950 268,890 264,753 264,693 4,197 4,197 Securities - - - - - -
Loans 33,407 33,309 31,222 31,124 2,185 2,185 Borrowed Money 42,985 41,939 22,051 21,005 20,934 20,934
Inter-Office Accounts 478,050 478,050 368,994 368,994 109,056 109,056 Inter-Office Accounts 122,647 122,647 121,801 121,801 846 846
Total 803,965 798,846 681,906 678,957 122,059 119,889 Total 225,784 220,187 197,038 193,612 28,746 26,575
-7.0 -7.0 -6.0 -5.9 -12.5 -12.6 -14.2 -14.1 -15.0 -14.8 -8.8 -9.2
(Notes) Figures are not rounded out.
2. Revised data (Monthly) (in 100 millions of Yen)
2016 2017
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr(P)
Assets 869,248 890,068 858,977 867,253 860,640 827,182 843,424 908,994 962,104 914,594 866,942 864,690 803,965
To non-residents 864,885 885,689 854,012 862,407 856,161 823,238 838,304 903,535 954,717 907,858 861,828 858,938 798,846
Denominated in Foreign Currency 739,026 756,367 723,607 736,645 731,242 707,876 732,141 785,902 829,134 778,712 737,057 725,251 681,906
To non-residents 736,913 754,238 720,602 734,369 729,383 706,342 729,366 782,758 824,142 774,426 734,233 721,739 678,957
Denominated in yen 130,222 133,701 135,370 130,608 129,398 119,306 111,283 123,092 132,970 135,882 129,885 139,439 122,059
To non-residents 127,972 131,451 133,410 128,038 126,778 116,896 108,938 120,777 130,575 133,432 127,595 137,199 119,889
Liabilities 293,891 307,146 284,948 292,874 291,413 261,108 264,848 305,129 276,127 240,093 242,637 263,265 225,784
To non-residents 288,828 301,906 279,283 287,305 286,224 256,369 258,971 299,409 268,117 232,759 236,786 256,391 220,187
Denominated in Foreign Currency 255,551 267,265 250,630 258,445 254,389 225,391 231,770 271,808 244,357 209,898 215,003 231,758 197,038
To non-residents 252,739 264,356 246,926 255,447 251,821 223,063 228,239 268,404 238,743 204,855 211,443 227,125 193,612
Denominated in yen 38,340 39,881 34,318 34,429 37,024 35,717 33,078 33,321 31,770 30,195 27,634 31,507 28,746
To non-residents 36,089 37,550 32,357 31,858 34,403 33,306 30,732 31,005 29,374 27,904 25,343 29,266 26,575
(Notes) Figures are not rounded out.
Source : International Bureau (http://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
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 Jan Feb Mar Apr
2014 2015 2016 2017
Assets:Denominated in Foreign Currency Liabilities:Denominated in Foreign Currency
Assets:Denominated in yen Liabilities:Denominated in yen
Assets
Liabilities
― 25 ―
I. Financial Statements Statistics of Corporations by Industry, Quarterly (1 June 2017)
1. Sales (in 100 millions of yen)
2015 2016 2017
Oct - Dec Jan - Mar Apr - Jun Jul - Sep Oct - Dec Jan - Mar
All Industries 3,318,402 3,320,874 3,073,674 3,231,626 3,383,486 3,506,366
Manufacturing 995,908 971,856 886,095 944,800 995,068 1,013,281
Food 111,783 100,034 106,176 107,655 121,710 103,394
Chemical and Allied Products 103,318 95,038 96,690 95,302 105,280 98,428
Petroleum and Coal Products 31,268 26,045 25,847 32,663 28,711 38,581
Iron and Steel 37,718 37,407 34,732 33,746 35,486 38,975
Fabricated Metal Products 47,409 49,238 40,024 43,758 48,242 45,704
General-Purpose Machinery 16,390 18,646 13,336 14,228 14,666 16,327
Production Machinery 51,115 55,174 45,358 49,399 49,881 60,210
Business oriented Machinery 34,370 34,997 29,607 31,674 33,596 34,110Electrical Machinery , Equipment and Supplies 80,156 85,666 69,382 78,972 79,498 87,143Information and CommunicationElectronics Equipment
88,279 86,012 73,175 81,734 83,060 86,274
Transportation Equipment 185,309 187,658 169,932 183,361 192,334 202,976
Non-manufacturing 2,322,494 2,349,019 2,187,579 2,286,826 2,388,418 2,493,086
Construction 277,463 338,994 241,582 251,332 272,100 319,056
Wholesale and Retail Trade 1,212,820 1,147,917 1,117,374 1,178,006 1,237,826 1,233,562
Real estate 82,761 89,644 80,388 82,426 81,880 95,766
Goods rental and Leasing 31,776 34,933 31,917 35,158 35,372 36,494
Information and Communications 150,701 171,574 159,157 161,189 164,599 189,709
Transport and Postal activities 150,794 155,684 134,713 144,580 148,866 153,230
Production ,Transmission andDistribution of Electricity
47,018 52,958 55,384 61,160 55,200 63,195
Services 340,394 327,358 341,629 348,623 365,633 372,317
Corporations with capital of
1 billion yen or over 1,365,940 1,381,422 1,260,585 1,319,090 1,359,454 1,447,670
100 million to 1 billion yen 674,510 674,132 625,564 654,780 680,518 712,108
10 to 100 million yen 1,277,953 1,265,320 1,187,525 1,257,756 1,343,513 1,346,588(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
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
2013 2014 2015 2016 2017
Manufacturing Non-manufacturing
― 26 ―
2. Ordinary profits (in 100 millions of yen)
2015 2016 2017
Oct - Dec Jan - Mar Apr - Jun Jul - Sep Oct - Dec Jan - Mar
All Industries 177,630 158,997 182,639 169,639 207,579 201,314
Manufacturing 60,332 42,364 56,114 47,442 75,654 72,162
Food 5,659 2,814 6,274 5,485 6,681 3,364
Chemical and Allied Products 9,704 7,467 11,173 7,444 12,607 9,758
Petroleum and Coal Products -320 -232 995 513 1,640 1,628
Iron and Steel 1,252 455 625 408 1,696 1,194
Fabricated Metal Products 3,092 3,358 1,861 2,440 3,953 3,032
General-Purpose Machinery 1,473 1,248 518 959 1,032 1,653
Production Machinery 3,056 3,223 2,847 2,418 3,753 4,637
Business oriented Machinery 2,528 2,450 2,209 2,270 2,986 3,684Electrical Machinery , Equipment and Supplies 4,186 1,981 4,694 2,949 4,894 8,219Information and CommunicationElectronics Equipment
2,664 2,079 2,728 4,148 5,946 6,617
Transportation Equipment 16,649 8,322 12,773 9,904 16,675 17,577
Non-manufacturing 117,299 116,633 126,525 122,197 131,925 129,152
Construction 16,369 28,534 10,619 13,378 17,955 26,153
Wholesale and Retail Trade 33,182 26,884 26,971 23,938 41,187 33,499
Real estate 11,167 12,316 11,621 10,950 11,536 13,738
Goods rental and Leasing 2,253 4,063 2,341 1,983 2,565 2,413
Information and Communications 15,048 15,107 16,671 14,078 14,551 17,475
Transport and Postal activities 11,298 3,952 9,893 9,468 11,287 2,770
Production ,Transmission andDistribution of Electricity
1,010 636 4,466 4,395 748 -1,099
Services 24,809 22,678 41,324 42,664 29,570 30,749
Corporations with capital of
1 billion yen or over 90,194 66,232 118,503 102,354 111,354 98,401
100 million to 1 billion yen 28,614 27,400 22,327 27,016 33,034 33,937
10 to 100 million yen 58,822 65,366 41,809 40,270 63,192 68,977(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
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
2013 2014 2015 2016 2017
Manufacturing Non-manufacturing
― 27 ―
3. Ratio of ordinary profits to sales (%)
2015 2016 2017
Oct - Dec Jan - Mar Apr - Jun Jul - Sep Oct - Dec Jan - Mar
All Industries 5.4 4.8 5.9 5.2 6.1 5.7
Manufacturing 6.1 4.4 6.3 5.0 7.6 7.1
Food 5.1 2.8 5.9 5.1 5.5 3.3
Chemical and Allied Products 9.4 7.9 11.6 7.8 12.0 9.9
Petroleum and Coal Products -1.0 -0.9 3.9 1.6 5.7 4.2
Iron and Steel 3.3 1.2 1.8 1.2 4.8 3.1
Fabricated Metal Products 6.5 6.8 4.7 5.6 8.2 6.6
General-Purpose Machinery 9.0 6.7 3.9 6.7 7.0 10.1
Production Machinery 6.0 5.8 6.3 4.9 7.5 7.7
Business oriented Machinery 7.4 7.0 7.5 7.2 8.9 10.8Electrical Machinery , Equipment and Supplies 5.2 2.3 6.8 3.7 6.2 9.4Information and CommunicationElectronics Equipment
3.0 2.4 3.7 5.1 7.2 7.7
Transportation Equipment 9.0 4.4 7.5 5.4 8.7 8.7
Non-manufacturing 5.1 5.0 5.8 5.3 5.5 5.2
Construction 5.9 8.4 4.4 5.3 6.6 8.2
Wholesale and Retail Trade 2.7 2.3 2.4 2.0 3.3 2.7
Real estate 13.5 13.7 14.5 13.3 14.1 14.3
Goods rental and Leasing 7.1 11.6 7.3 5.6 7.3 6.6
Information and Communications 10.0 8.8 10.5 8.7 8.8 9.2
Transport and Postal activities 7.5 2.5 7.3 6.5 7.6 1.8
Production ,Transmission andDistribution of Electricity
2.1 1.2 8.1 7.2 1.4 -1.7
Services 7.3 6.9 12.1 12.2 8.1 8.3
Corporations with capital of
1 billion yen or over 6.6 4.8 9.4 7.8 8.2 6.8
100 million to 1 billion yen 4.2 4.1 3.6 4.1 4.9 4.8
10 to 100 million yen 4.6 5.2 3.5 3.2 4.7 5.1(Notes) All Industries and Non-Manufacturing don't include Finance and Insurance.
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
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
2013 2014 2015 2016 2017
Total Manufacturing Non-manufacturing
― 28 ―
4. Investment in plant and equipment (in 100 millions of yen)
2015 2016 2017
Oct - Dec Jan - Mar Apr - Jun Jul - Sep Oct - Dec Jan - Mar
All Industries 105,302 136,805 93,145 103,521 109,350 142,901
96,751 125,104 85,502 94,783 99,918 131,639
Manufacturing 36,626 46,704 35,080 38,244 39,342 47,152
33,949 43,417 32,499 35,408 36,584 43,886
Food 3,186 3,965 2,986 3,563 4,181 4,010
Chemical and Allied Products 3,842 5,079 4,457 4,914 5,242 5,339
Petroleum and Coal Products 453 632 330 411 585 976
Iron and Steel 1,897 2,664 2,067 2,075 2,216 2,884
Fabricated Metal Products 1,781 1,898 1,294 1,771 1,877 2,066
General-Purpose Machinery 745 768 326 428 397 556
Production Machinery 2,310 2,526 1,811 1,929 1,997 2,028
Business oriented Machinery 1,694 2,081 1,136 1,309 1,584 1,463Electrical Machinery , Equipment and Supplies 2,780 3,528 2,978 2,889 2,900 3,734Information and CommunicationElectronics Equipment
4,544 4,978 4,192 4,088 3,727 4,612
Transportation Equipment 6,299 9,743 7,229 8,347 7,406 10,807
Non-manufacturing 68,676 90,102 58,065 65,277 70,008 95,749
62,801 81,687 53,003 59,375 63,334 87,753
Construction 3,445 5,041 3,671 3,256 4,229 6,939
Wholesale and Retail Trade 16,025 15,828 12,847 14,628 15,864 16,914
Real estate 5,549 6,514 6,009 4,737 6,403 8,231
Goods rental and Leasing 4,844 5,545 4,043 5,312 5,321 6,430
Information and Communications 8,699 13,030 6,986 8,500 9,729 12,799
Transport and Postal activities 9,496 16,666 7,220 9,251 8,935 16,523
Production ,Transmission andDistribution of Electricity
6,038 10,858 5,879 5,972 6,691 9,784
Services 12,086 13,342 9,385 11,469 10,653 14,404
Corporations with capital of
1 billion yen or over 57,320 82,358 50,642 56,245 59,728 83,329
100 million to 1 billion yen 18,791 21,700 16,660 19,752 19,039 25,346
10 to 100 million yen 29,191 32,747 25,842 27,524 30,583 34,226(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 (http://www.mof.go.jp/english/pri/reference/ssc/index.htm)
0
50,000
100,000
150,000
200,000
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
2013 2014 2015 2016 2017
Manufacturing Non-manufacturing
― 29 ―
J. Business Outlook Survey (13 June 2017)
1.Business conditions Business survey index (Difference of “up”-“down” compared with previous quarter) ( % points )
2016 2017
Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec
(previous) (present) (outlook) (outlook)
-3.2 -7.9 1.9 3.0 1.3 -2.0 7.1 6.7
-7.9 -11.1 2.9 7.5 1.1 -2.9 9.6 10.1
-0.7 -6.3 1.4 0.7 1.5 -1.6 5.8 5.0
-2.8 -7.0 0.9 1.0 -0.1 -3.1 7.5 7.3
-8.6 -6.6 0.0 4.1 -2.2 -5.5 11.3 12.1
-1.0 -7.1 1.2 0.0 0.5 -2.4 6.4 5.8
-16.6 -16.9 -15.0 -7.1 -11.3 -9.9 -3.2 0.9
-19.3 -15.3 -16.0 -6.5 -10.0 -9.9 -0.8 4.2
-16.1 -17.2 -14.8 -7.2 -11.6 -9.9 -3.7 0.3
2.Domestic economic conditions Business survey index (Difference of “up”-“down” compared with previous quarter) ( % points )
2016 2017
Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec
(previous) (present) (outlook) (outlook)
-9.8 -9.5 -0.9 3.2 5.2 4.8 5.8 5.2
-12.0 -11.0 -0.4 4.1 5.6 4.6 6.4 4.4
-8.6 -8.7 -1.1 2.8 5.0 5.0 5.5 5.7
-12.1 -13.3 -4.9 -1.1 -0.6 2.7 5.1 5.4
-14.9 -12.9 -5.1 1.9 -3.8 1.2 7.1 5.9
-11.2 -13.4 -4.8 -2.0 0.4 3.1 4.5 5.3
-21.7 -23.9 -20.1 -13.4 -10.8 -11.5 -4.5 -0.5
-28.4 -26.0 -25.2 -14.6 -11.8 -13.1 -6.1 1.8
-20.4 -23.5 -19.1 -13.2 -10.6 -11.1 -4.2 -1.0
Trend of Business Outlook Survey1.Business conditions 2.Domestic economic conditions
Source : Policy Research Institute (http://www.mof.go.jp/english/pri/reference/bos/index.htm)
Corporationswith capital of10 to 100million yen
Manufacturing
Non-manufacturing
Manufacturing
Non-manufacturing
Non-manufacturing
Corporationswith capital of1 billion yen orover
Corporationswith capital of100 million to1 billion yen
Corporationswith capital of10 to 100million yen
All industries
Manufacturing
Non-manufacturing
Manufacturing
All industries
All industries
Manufacturing
Non-manufacturing
Manufacturing
Non-manufacturing
All industries
All industries
All industries
Corporationswith capital of1 billion yen orover
Corporationswith capital of100 million to1 billion yen
-80.0
-60.0
-40.0
-20.0
0.0
20.0
40.0
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
Jul-Sep
Oct-Dec
2014 2015 2016 2017
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
-80.0
-60.0
-40.0
-20.0
0.0
20.0
40.0
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
Jul-Sep
Oct-Dec
2014 2015 2016 2017
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
― 30 ―
3.Sales (compared with the previous year) (%)
FY2015 FY2016 FY2017
1st half 2nd half 1st half 2nd half 1st half 2nd half
-0.4 1.1 -1.8 -1.1 -2.2 -0.0 2.1 2.6 1.7
-0.3 1.2 -1.8 -1.6 -3.3 0.0 3.1 3.3 3.0
-0.4 1.0 -1.8 -0.9 -1.8 -0.0 1.7 2.3 1.2
4.Ordinary profits (compared with the previous year) (%)
FY2015 FY2016 FY2017
1st half 2nd half 1st half 2nd half 1st half 2nd half
4.8 14.6 -4.3 -2.9 -6.9 1.3 -0.4 3.3 -3.6
0.7 16.5 -13.6 -8.1 -18.5 3.7 -0.1 10.3 -7.9
6.8 13.8 0.2 -0.5 -1.1 0.2 -0.6 0.4 -1.5
5.Software and investment in plant and equipment (compared with the previous year) (%)
FY2015 FY2016 FY2017
1st half 2nd half 1st half 2nd half 1st half 2nd half
8.8 11.3 6.8 2.0 -0.7 4.1 3.8 10.8 -1.7
11.1 13.5 9.3 3.1 -0.8 6.3 8.7 11.6 6.2
7.6 10.2 5.5 1.3 -0.6 2.8 1.0 10.3 -6.2
Note: Excludes expense purchasing land.
6.Employment
Business survey index (Difference of “insufficient”-“excessive”) ( % points )
2016 2017
End ofMar.
End ofJun.
End ofSep.
End ofDec.
End ofMar.
End ofJun.
End ofSep.
End ofDec.
(previous) (present) (outlook) (outlook)
14.3 11.6 12.6 15.3 16.9 15.4 13.0 12.4
7.3 4.6 5.1 7.7 8.3 9.3 7.3 6.7
18.0 15.2 16.5 19.2 21.2 18.4 15.8 15.3
25.0 24.3 24.9 26.2 29.8 29.0 24.7 24.1
16.2 13.3 18.6 21.3 24.7 22.8 17.9 15.9
27.8 27.6 26.9 27.7 31.4 30.9 26.8 26.6
19.7 19.1 20.0 24.2 24.8 27.1 23.7 23.3
17.0 16.9 14.8 20.9 21.2 23.0 20.9 20.0
20.2 19.6 21.0 24.8 25.5 27.9 24.2 23.9
Non-manufacturing
Manufacturing
All industries
Corporationswith capital of100 million to1 billion yen
Corporationswith capital of10 to 100million yen
All industries
Non-manufacturing
Manufacturing
Non-manufacturing
Corporationswith capital of1 billion yen orover
Manufacturing
Non-manufacturing
All industries
Manufacturing
Non-manufacturing
All industries
All industries
Manufacturing
Manufacturing
Non-manufacturing
All industries
― 31 ―
PUBLIC RELATIONS & PRESS RELEASE
Convention to Implement Measures to Prevent BEPS was Signed
June 8, 2017 Ministry of Finance
[Provisional translation]
On June 7 (Wed.) [June 8 (Thu.) in Japan], Japan signed the “Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” (Convention to Implement Measures to Prevent BEPS) in Paris.
1. Objective of the Convention
The Convention is intended to introduce the tax treaty related measures, which are part of the measures developed under the BEPS project in order to prevent base erosion and profit shifting (BEPS), into the existing tax treaties between the Parties to the Convention.
The Convention enables the Parties to implement the tax treaty related measures to prevent BEPS with respect to a large number of their existing tax treaties at the same time and in an efficient manner.
2. Background
The final reports of the BEPS project, published in October 2015, have recommended a wide variety of measures to tackle international tax avoidance conducted by multinational enterprises.
Based on the recommendation under Action 15 of the BEPS project, the Convention was drafted through negotiations in which approximately 100 jurisdictions including Japan participated, was adopted at the negotiating meeting on November 24, 2016 and then was opened for signature for all countries and the specified territories on December 31, 2016.
Since the true value of the BEPS project would be fully realized by being implemented in a globally coordinated way, Japan, as one of the countries which has taken the initiative in the BEPS project, has decided to sign the Convention at the signing ceremony held with the participation of 67 jurisdictions with a view to taking appropriate steps toward proper implementation of the achievement of the BEPS project.
3. Next Steps
The deposit of the instruments of ratification, acceptance or approval by five jurisdictions is required for the Convention to enter into force and the Convention will enter into force with respect to the five jurisdictions on the expiry of a specified period after the deposit of the fifth instrument. With respect to each of jurisdictions depositing the instrument of ratification, acceptance or approval thereafter, the Convention will enter into force on the expiry of a specified period after its deposit.
The Convention will enter into effect with respect to a tax agreement covered by the Convention on the expiry of a specified period after the Convention has entered into force with respect to all of the parties to the tax agreement.
In Japan, the approval of the Convention by the Diet is necessary in order for Japan to deposit such an instrument.
― 34 ―
[Reference 1] Texts and Key Points of the Convention
- Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
Note: The Japanese text of the Convention is provisional, which was submitted to the Cabinet for its decision on signature to the Convention, and may be modified in the course of preparation for the submission of the Convention to the Diet.
- Key Points of the Convention to Implement Measures to Prevent BEPS
[Reference 2] About Choices of Application of the Convention
- Outline of Japan’s Provisional Choices of Application of the Convention to Implement Measures to Prevent BEPS
- Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS [link to the website of the OECD]
[Reference 3] About BEPS Project
- Statement by Minister Aso on the publication of the final reports on BEPS Action Plan
- Explanatory Documents submitted by the Ministry of Finance to the 24th Meeting of the Tax Commission (October 23, 2015) regarding the final reports of BEPS Project [link to the website of the Cabinet Office]
- BEPS Project [link to the website of the National Tax Agency]
― 35 ―
APPENDIX
A. Quarterly Estimates of GDP (Jan. - Mar. 2017, The 2nd preliminary Estimates)
Cabinet Office June 8, 2017
― 38 ―
2017(平成29)年1~3月期四半期別GDP速報 (2次速報値)Quarterly Estimates of GDP for January - March 2017 (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(2017.5.18公表)
2次速報値1次速報値
(2017.5.18公表)2次速報値
1st Prelim. 2nd Prelim. 1st Prelim. 2nd Prelim.
0.5 0.3
[2.2] [1.0]
0.4 0.1 0.4 0.1
0.5 0.2 0.4 0.1
0.4 0.3 0.2 0.2
0.3 0.3 0.2 0.1
除 く 持 ち 家 の帰 属 家 賃 0.4 0.3 0.2 0.1 Excluding
Imputed Rent
0.7 0.3 0.0 0.0
0.2 0.6 0.0 0.1
*** *** 0.1 -0.1
0.1 -0.0 0.0 -0.0
0.1 -0.0 0.0 -0.0
-0.1 -0.1 -0.0 -0.0
*** *** -0.0 -0.0
0.2 0.4 0.1 0.1
*** *** 0.1 0.1
2.1 2.1 0.4 0.4
1.4 1.4 -0.2 -0.2
(参考) (cf)
0.4 0.4 *** ***
0.2 -0.1 *** ***
-0.1 -0.0 *** *** ※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.
Comparison of the First Preliminary and the Second Preliminary Estimates(Quarterly Real Growth Rate, SeasonallyAdjusted Series, Quarter-to-Quarter)
Economic and Social Research Institute
Cabinet Office, Government of Japan
Released: 2017.6.8
内 閣 府 経 済 社 会 総 合 研 究 所国 民 経 済 計 算 部
平 成 29 年 6 月 8 日
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
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
前 期 比 ※1 寄 与 度 (対GDP) ※2
Private Demand
[Annual rate]***
Gross Domestic Product
Domestic Demand
***
2017/1~3 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
― 39 ―
Released: 2017.6.8
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(2017.5.18公表)
2次速報値1次速報値
(2017.5.18公表)2次速報値
1st Prelim. 2nd Prelim. 1st Prelim. 2nd Prelim.
-0.0 -0.3
[-0.1] [-1.2]
0.4 0.1 0.4 0.1
0.4 0.1 0.3 0.1
0.2 0.1 0.1 0.1
0.2 0.1 0.1 0.1
除 く 持 ち 家 の帰 属 家 賃 0.2 0.2 0.1 0.1 Excluding
Imputed Rent
1.4 0.9 0.0 0.0
0.7 1.1 0.1 0.2
*** *** 0.1 -0.2
0.1 0.0 0.0 0.0
0.1 -0.0 0.0 -0.0
0.3 0.2 0.0 0.0
*** *** -0.0 -0.0
0.7 0.9 0.2 0.2
*** *** -0.4 -0.4
5.0 5.0 0.8 0.8
7.9 7.9 -1.2 -1.2
(参考1) (cf)
-0.1 -0.1 *** ***
0.2 -0.1 *** ***
-0.2 -0.1 *** *** ※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.
-0.6 -0.5-0.0 -0.0
※5 : Changes from the previous quarter (seasonally adjusted)
2017/1~3
2017/1~3
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
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
最 終 需 要Final Sales of
Domestic 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
家 計 最 終 消 費 支 出
[年 率 換 算]
民 間 住 宅
民 間 企 業 設 備
Private Residential Investment
Private Non-Resi. Investment
[Annual rate]***
国 内 総 生 産 ( G D P )
***
民 間 最 終 消 費 支 出
― 40 ―
Released: 2017.6.8
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(2017.5.18公表)
2次速報値1次速報値
(2017.5.18公表)2次速報値
1st Prelim. 2nd Prelim. 1st Prelim. 2nd Prelim.
1.3 1.2 *** ***
0.5 0.5 0.5 0.5
0.8 0.7 0.6 0.5
0.6 0.6 0.4 0.3
0.6 0.6 0.3 0.3
除 く 持 ち 家 の帰 属 家 賃 0.4 0.4 0.2 0.2 Excluding
Imputed Rent
6.5 6.3 0.2 0.2
2.3 2.5 0.4 0.4
*** *** -0.3 -0.4
-0.1 -0.3 -0.0 -0.1
0.6 0.4 0.1 0.1
-3.2 -3.2 -0.2 -0.2
*** *** -0.0 -0.0
1.7 1.8 0.4 0.4
*** *** 0.8 0.8
3.1 3.1 0.5 0.5
-1.4 -1.4 0.2 0.2
(参考) (cf)
1.7 1.6 *** ***
1.0 0.9 *** ***
2.1 2.2 *** *** ※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.
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
( 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
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
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
2016年度(Fiscal Year)
― 41 ―
Released: 2017.6.8
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(2017.5.18公表)
2次速報値1次速報値
(2017.5.18公表)2次速報値
1st Prelim. 2nd Prelim. 1st Prelim. 2nd Prelim.
1.2 1.1 *** ***
0.1 0.0 0.1 0.0
0.4 0.3 0.3 0.2
0.3 0.3 0.2 0.2
0.3 0.2 0.1 0.1
除 く 持 ち 家 の帰 属 家 賃 0.3 0.3 0.1 0.1 Excluding
Imputed Rent
6.2 6.0 0.2 0.2
1.6 1.7 0.2 0.3
*** *** -0.3 -0.4
-0.6 -0.7 -0.1 -0.2
0.2 -0.0 0.0 -0.0
-3.5 -3.5 -0.2 -0.2
*** *** -0.0 -0.0
1.1 1.1 0.2 0.3
*** *** 1.0 1.0
-3.5 -3.5 -0.6 -0.6
-9.5 -9.5 1.6 1.6
(参考1) (cf)
1.5 1.5 *** ***
0.5 0.5 *** ***
1.9 2.0 *** ***
※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)
-0.2 -0.2 *** *** GDP Deflator
-0.4 -0.4 *** ***
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
年
項 目
前 年 比 ※1 寄 与 度 (対GDP) ※2
2016年度(Fiscal Year)
Private Non-Resi. Investment
民 間 在 庫 変 動 Change in Private Inventories
公 的 需 要 Public Demand
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
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
― 42 ―
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2017
項 目 1~3 4~6 7~9 10~12 1~3
0.6 0.4 0.3 0.3 0.3 *** 1.0
[2.5] [1.6] [1.0] [1.4] [1.0] *** ***
0.2 0.5 -0.1 -0.0 0.1 *** 0.4
(0.2) (0.5) (-0.1) (-0.0) *** (0.1) ***
-0.2 0.9 -0.1 0.2 0.2 (0.1) 0.6
0.3 0.2 0.4 0.0 0.3 (0.2) 1.1 Private Consumption
0.3 0.2 0.3 0.0 0.3 (0.1) 1.1
除く持ち家の帰属家賃 0.3 0.2 0.4 -0.0 0.3 (0.1) 1.1 Excluding Imputed Rent
1.2 3.1 2.6 0.2 0.3 (0.0) 1.1 Private Residential Investment
-0.1 1.3 -0.2 1.9 0.6 (0.1) 2.5 Private Non-Resi. Investment
(-0.3) (0.3) (-0.3) (-0.2) *** (-0.1) ***
1.1 -0.9 -0.1 -0.6 -0.0 (-0.0) -0.2
1.4 -1.2 0.2 0.0 -0.0 (-0.0) -0.0
-0.3 0.7 -1.3 -3.0 -0.1 (-0.0) -0.6 Public Investment
(0.0) (-0.0) (-0.0) (0.0) *** (-0.0) ***
0.0 1.4 -0.0 0.7 0.4 (0.1) 1.7
(0.5) (-0.1) (0.4) (0.4) *** (0.1) ***
0.5 -1.4 1.9 3.4 2.1 (0.4) 8.7
-2.0 -1.1 -0.2 1.3 1.4 (-0.2) 5.6
(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)
0.9 0.1 0.6 0.6 0.4 *** 1.6
1.3 0.6 0.1 0.0 -0.3 *** -1.2
0.9 0.3 0.0 -0.1 -0.1 *** -0.4
1.5 0.2 0.7 -0.2 -0.0 *** ***
(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 ; %)
20171~3 4~6 7~9 10~12 1~3
新(2次速報値) 0.6 0.4 0.3 0.3 0.3 Second Preliminary
[年率] [2.5] [1.6] [1.0] [1.4] [1.0] [Annual rate]
旧(1次速報値) 0.6 0.4 0.2 0.3 0.5 First Preliminary
[年率] [2.6] [1.7] [1.0] [1.4] [2.2] [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.
2016
Final Sales ofDomestic Product
公 的 需 要
政 府 最 終 消 費 支 出
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
(Less) Imports of Goods & Services
Compensation of Employees
Gross Domestic Income
Gross National Income
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]
公 的 固 定 資 本 形 成
Public Demand
国 内 需 要 Domestic Demand
民 間 最 終 消 費 支 出
Government Consumption
Net Exports of Goods & Services※4
Exports of Goods & Services
国 民 総 所 得 ( G N I )
国 内 総 所 得 ( G D I )
Released: 2017.6.8
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
2016 2017
1~3
[Annual rate]
― 43 ―
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 1~3 4~6 7~9 10~12
0.5 0.9 1.1 1.6 1.3 ***
0.3 0.6 0.2 0.5 0.5 ***
(0.3) (0.6) (0.2) (0.5) *** (0.5)
-0.1 0.6 0.2 0.8 1.3 (0.9)
-0.1 0.3 0.3 0.9 0.9 (0.5) Private Consumption
-0.3 0.3 0.2 0.8 0.8 (0.5)
除く持ち家の帰属家賃 -0.6 0.1 0.0 0.8 0.8 (0.4) Excluding Imputed Rent
3.0 5.4 6.6 7.2 6.1 (0.2) Private Residential Investment
-0.5 2.0 0.9 3.3 3.6 (0.6) Private Non-Resi. Investment
(-0.1) (-0.2) (-0.4) (-0.6) *** (-0.4)
1.4 0.7 0.5 -0.6 -1.7 (-0.4)
2.7 1.2 1.0 0.4 -0.9 (-0.2)
-3.4 -2.2 -1.8 -4.2 -4.1 (-0.2) Public Investment
(0.0) (0.0) (0.0) (0.0) *** (-0.0)
-0.7 1.6 1.1 2.0 2.2 (0.6)
(0.2) (0.3) (0.8) (1.2) *** (0.8)
-1.4 0.7 0.8 4.6 6.0 (1.0)
-2.4 -1.1 -3.6 -2.0 1.3 (-0.2)
(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)
0.5 1.1 1.4 2.2 1.7 ***
1.6 2.0 1.8 1.9 0.5 ***
1.6 1.2 1.0 1.1 0.3 ***
2.7 2.7 2.9 2.2 0.7 ***
(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 ; %)
20171~3 4~6 7~9 10~12 1~3
新(2次速報値) 0.5 0.9 1.1 1.6 1.3
旧(1次速報値) 0.5 0.9 1.1 1.7 1.6
※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.
2016
Final Sales ofDomestic 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
国 民 総 所 得 ( G N I )
公 的 在 庫 変 動
雇 用 者 報 酬
(控除)財貨・サービスの輸入
国 内 総 所 得 ( G D I )
最 終 需 要
Second Preliminary
First Preliminary
Change in Public Inventories
Exports of Goods & Services
Gross National Income
(Regrouped) Gross Fixed CapitalFormation ※2
Gross Domestic Income
Compensation of Employees
(Less) Imports of Goods & Services
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
民 間 住 宅
Released: 2017.6.8
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
2016 2017
1~3
― 44 ―
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2017
項 目 1~3 4~6 7~9 10~12 1~3
0.9 0.2 0.1 0.4 -0.3 *** -1.2
[3.7] [0.8] [0.3] [1.6] [-1.2] *** ***
-0.2 0.1 -0.1 0.4 0.1 *** 0.4
(-0.2) (0.1) (-0.1) (0.4) *** (0.1) ***
-0.5 0.6 -0.1 0.5 0.1 (0.1) 0.5
-0.1 0.1 0.3 0.4 0.1 (0.1) 0.6 Private Consumption
-0.1 0.1 0.3 0.4 0.1 (0.1) 0.5
除く持ち家の帰属家賃 -0.1 0.1 0.3 0.5 0.2 (0.1) 0.6 Excluding Imputed Rent
0.5 2.5 2.8 1.0 0.9 (0.0) 3.8 Private Residential Investment
-0.4 0.9 -0.4 2.1 1.1 (0.2) 4.3 Private Non-Resi. Investment
(-0.3) (0.2) (-0.2) (-0.2) *** (-0.2) ***
0.8 -1.3 -0.1 -0.2 0.0 (0.0) 0.1
1.2 -1.7 0.2 0.3 -0.0 (-0.0) -0.0
-1.2 0.7 -1.2 -2.4 0.2 (0.0) 0.8 Public Investment
(0.0) (-0.0) (-0.0) (0.0) *** (-0.0) ***
-0.5 1.1 -0.2 1.0 0.9 (0.2) 3.5
(1.1) (0.1) (0.2) (0.1) *** (-0.4) ***
-3.8 -3.4 0.3 5.7 5.0 (0.8) 21.7
-10.0 -4.1 -0.8 5.7 7.9 (-1.2) 35.5
(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)
1.2 0.0 0.3 0.6 -0.1 *** -0.4
0.5 -0.1 -0.0 0.3 -0.1 *** -0.3
1.0 0.1 0.7 0.3 -0.1 *** ***
0.3 -0.2 -0.2 0.1 -0.5 *** ***
-0.3 -0.4 0.0 0.4 -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:%) (%)
20171~3 4~6 7~9 10~12 1~3
新(2次速報値) 0.9 0.2 0.1 0.4 -0.3 Second Preliminary
[年率] [3.7] [0.8] [0.3] [1.6] [-1.2] [Annual rate]
旧(1次速報値) 0.9 0.2 0.1 0.4 -0.0 First Preliminary
[年率] [3.7] [1.0] [0.3] [1.7] [-0.1] [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
2016 2017
1~3
2016
最 終 需 要
GDP Deflator
Domestic Demand Deflator
Compensation of Employees
Gross National Income
G D P デ フ レ ー タ ー
国 内 需 要 デ フ レ ー タ ー
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
Public Demand
(Regrouped) Gross Fixed CapitalFormation ※3
Change in Private Inventories
Final Sales ofDomestic 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
Released: 2017.6.8
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
政 府 最 終 消 費 支 出
公 的 在 庫 変 動
民 間 需 要
国 内 需 要
民 間 最 終 消 費 支 出
[年 率 換 算] [Annual rate]
Domestic Demand
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
― 45 ―
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 1~3 4~6 7~9 10~12
1.4 1.3 0.9 1.6 0.5 ***
-0.0 -0.1 -0.5 0.2 0.5 ***
(-0.0) (-0.1) (-0.5) (0.2) *** (0.5)
-0.4 -0.1 -0.6 0.6 1.2 (0.9)
-0.3 -0.2 -0.4 0.7 0.9 (0.5) Private Consumption
-0.5 -0.2 -0.4 0.7 0.9 (0.5)
除く持ち家の帰属家賃 -0.6 -0.3 -0.5 0.8 1.1 (0.5) Excluding Imputed Rent
2.3 4.2 5.4 6.9 7.3 (0.2) Private Residential Investment
-0.9 0.9 -0.5 2.5 3.6 (0.6) Private Non-Resi. Investment
(-0.0) (-0.2) (-0.3) (-0.5) *** (-0.4)
1.2 -0.1 -0.3 -0.9 -1.5 (-0.4)
2.8 0.5 0.4 -0.0 -1.1 (-0.2)
-4.0 -3.6 -3.0 -4.4 -2.9 (-0.2) Public Investment
(0.0) (0.0) (0.0) (-0.0) *** (-0.0)
-1.2 0.4 -0.2 1.5 2.6 (0.7)
(1.4) (1.4) (1.5) (1.4) *** (-0.1)
-7.9 -9.2 -10.7 -1.3 7.5 (1.3)
-15.1 -16.6 -18.4 -9.4 8.4 (-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)
1.4 1.5 1.3 2.1 0.9 ***
1.3 0.5 0.2 0.8 0.3 ***
2.6 2.2 2.3 2.2 1.0 ***
0.9 0.4 -0.1 -0.0 -0.8 *** GDP Deflator
-0.3 -0.7 -0.8 -0.3 0.0 ***
(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:%) (%)
20171~3 4~6 7~9 10~12 1~3
新(2次速報値) 1.4 1.3 0.9 1.6 0.5
旧(1次速報値) 1.4 1.3 1.0 1.6 0.8
※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
1~3
2016
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 )
公 的 固 定 資 本 形 成
最 終 需 要
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
Released: 2017.6.8
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
2016 2017
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
(Less) Imports of Goods & Services
― 46 ―
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 2014 2015 2015
-0.5 1.2 1.2 *** 1.1 1.0 ***
-1.0 1.1 0.5 *** 0.7 0.4 ***
(-1.1) (1.2) *** (0.5) (0.7) *** (0.4)
-1.4 1.1 0.7 (0.5) 0.7 0.4 (0.3)
-2.7 0.5 0.6 (0.3) -0.4 0.4 (0.2) Private Consumption
-2.6 0.3 0.6 (0.3) -0.5 0.3 (0.1) Consumption of Households
除く持ち家の帰属家賃 -3.4 0.1 0.4 (0.2) -0.9 0.1 (0.0) Excluding Imputed Rent
-9.9 2.8 6.3 (0.2) -1.6 5.6 (0.2) Private Residential Investment
2.4 0.6 2.5 (0.4) 1.1 1.3 (0.2) Private Non-Resi. Investment
(0.5) (0.4) *** (-0.4) (0.6) *** (-0.3)
-0.1 1.2 -0.3 (-0.1) 0.8 0.5 (0.1)
0.4 2.1 0.4 (0.1) 1.7 1.3 (0.3)
-2.1 -1.9 -3.2 (-0.2) -2.1 -3.0 (-0.2) Public Investment
(0.0) (-0.0) *** (-0.0) (-0.0) *** (0.0)
-0.3 0.3 1.8 (0.4) 0.1 0.9 (0.2)
(0.6) (0.1) *** (0.8) (0.4) *** (0.6)
8.8 0.7 3.1 (0.5) 2.9 1.2 (0.2)
4.3 0.2 -1.4 (0.2) 0.8 -2.3 (0.4)
(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)
-1.0 0.9 1.6 *** 0.5 1.3 ***
-0.1 2.6 1.5 *** 2.5 1.8 ***
0.1 2.7 0.9 *** 2.8 1.2 ***
-1.2 1.3 2.2 *** 0.7 2.6 ***
※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.
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
年 度(Fiscal Year) 暦 年(Calendar Year)
2016 2016
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
Released: 2017.6.8
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
― 47 ―
4-2. 年次別の名目成長率Annual Nominal Growth Rate
(単位:%) (%)
年
項 目 2014 2015 2015
2.0 2.7 1.1 *** 3.2 1.3 ***
1.0 1.1 0.0 *** 1.1 -0.1 ***
(1.0) (1.1) *** (0.0) (1.1) *** (-0.1)
0.6 1.1 0.3 (0.2) 1.1 -0.1 (-0.1)
-0.5 0.5 0.3 (0.2) -0.0 -0.0 (-0.0) Private Consumption
-0.4 0.3 0.2 (0.1) -0.1 -0.1 (-0.1) Consumption of Households
除く持ち家の帰属家賃 -0.6 0.3 0.3 (0.1) -0.2 -0.2 (-0.1) Excluding Imputed Rent
-6.7 2.7 6.0 (0.2) -0.7 4.7 (0.1) Private Residential Investment
3.7 1.1 1.7 (0.3) 2.0 0.5 (0.1) Private Non-Resi. Investment
(0.5) (0.3) *** (-0.4) (0.6) *** (-0.3)
2.1 1.0 -0.7 (-0.2) 1.1 -0.1 (-0.0)
2.4 1.7 -0.0 (-0.0) 1.7 0.9 (0.2)
0.8 -1.4 -3.5 (-0.2) -0.8 -3.8 (-0.2) Public Investment
(0.0) (-0.0) *** (-0.0) (-0.0) *** (0.0)
1.6 0.7 1.1 (0.3) 1.0 0.1 (0.0)
(1.0) (1.6) *** (1.0) (2.0) *** (1.4)
11.5 -0.7 -3.5 (-0.6) 3.8 -7.3 (-1.3)
4.6 -8.9 -9.5 (1.6) -6.8 -14.9 (2.7)
(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)
1.6 2.4 1.5 *** 2.6 1.6 ***
2.3 2.8 0.5 *** 3.4 0.7 ***
1.8 1.5 2.0 *** 1.3 2.3 ***
2.5 1.5 -0.2 *** 2.1 0.3 *** GDP Deflator
2.1 -0.0 -0.4 *** 0.4 -0.5 ***
※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
Released: 2017.6.8
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)
2016 2016
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
(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
― 48 ―
B. Monthly Economic Report June 2017
Provisional translation
Cabinet Office 22 June 2017
Executive Summary Assessment of the current state of the Japanese economy
The Japanese economy is on a moderate recovery. • Private consumption is picking up moderately. • Business investment is picking up. • Exports is picking up. • Industrial production is picking up. • Corporate profits is improving. Firms' judgment on current business conditions is improving. • The employment situation is improving. • Consumer prices are flat. Concerning short-term prospects, the economy is expected to recover, supported by the effects of
the policies, while employment and income situation is improving. However, attention should be given to the uncertainty in overseas economies and the effects of fluctuations in the financial and capital markets.
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 decide the "Basic Policies for Economic and Fiscal Management and Reform 2017", the "Growth Strategy 2017", the "Regulatory Reform Work Plan", and the "Basic Policies for Overcoming Population Decline and Vitalizing Local Economy in Japan 2017" on June 9th. Hereafter, the Government implements economic and fiscal policies based on these Policies. In addition, the Government steadily implements the "Japan's Plan for the Dynamic Engagement of All Citizens". About work style reform, based on the "The action Plan for the Realization of Work Style Reform" decided in March, the Government will submit bills to the Diet at an early date. And the government implements "Economic Measures for Realizing Investment for the Future" and the FY2016 supplementary budget swiftly and steadily in order to overcome deflation completely and pave the way for steady economic growth. The Government also implements the FY2017 budget swiftly and steadily.
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 by these measures.
The Government expects the Bank of Japan to achieve the price stability target of two percent in light of economic activity and prices.
― 49 ―
Detailed explanations 1. Demand trends such as consumption and investment Private consumption is picking up moderately.
Private consumption is picking up moderately. Real wage income of employees is increasing moderately. Consumer confidence is picking up. 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 April from the previous month. Concerning short-term prospects, consumption is expected to pick up, supported by the improvement in the employment and income situations. Business investment is picking up. Business investment is picking up. The Quarterly Financial Statements Statistics of Corporations by Industry (January-March survey) show that business investment increased in the January-March quarter of 2017 by 1.3% from the previous quarter after increasing in the October-December quarter of 2016 by 3.5%. By industry, business investment decreased for manufacturers by 1.8% from the previous quarter, and increased for non-manufacturers by 3.0%. Capital Goods Shipments and Imports, supply-side statistics, show movements of picking up. According to the Short-Term Economic Survey of Enterprises in Japan (Tankan) (March survey), planned business investment for all industries in fiscal year 2017 is expected to decrease, thought it is larger than the planned investment in fiscal 2016 in the same quarter of the year. According to the Business Outlook Survey (April-June survey), planned business investment for all industries in fiscal year 2017 is expected to increase. In addition, according to the two surveys, the expected increase of planned business investment in fiscal year 2017 (year on year) is greater than the expected increase in fiscal year 2016 in the same quarter of the year. Accordig to Tankan, corporations' sense of excess capacity is improving. The figures for Orders Received for Machinery, a leading indicator, appear to be pausing. As for short-term prospects, business investment is expected to increase, mainly reflecting the improvement of corporate profits. Housing construction has been flat recently.
Housing construction has been flat recently. Construction of owned houses has shown a steady undertone recently. Construction of houses for rent has been flat recently. Construction of houses for sale is almost flat. In addition, the total number of sales of condominiums in the Tokyo metropolitan area is almost flat.
As for short-term prospects, housing construction is expected to remain flat for the time being.
― 50 ―
Public investment is intensified. Public investment is intensified. The amount of public construction completed in April increased by 2.1% from the previous month, the amount of contracted public works in May decreased by 8.2% from the previous month, and the amount of public works orders received in April increased by 2.9% from the previous year. As for short-term prospects, public investment is expected to show steady performance due to the execution of related budgets. Exports are picking up. Imports show movements of picking up. The surplus in the balance of goods and services is almost flat.
Exports are picking up. By region, exports to Asia are picking up. Exports to the U.S. and other regions are almost flat. Exports to the EU show movements of picking up. As for short-term prospects, exports are expected to continue to pick up, mainly reflecting the moderate recovery of overseas economies. Imports show movements of picking up. By region, imports from Asia show movements of picking up. 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 almost flat. The surplus in the balance of trade in April decreased, as export values decreased while import values increased. The balance of services moved to surplus.
2. Corporate activities and employment
Industrial production is picking up. Industrial production is picking up. The Indices of Industrial Production increased by 4.0% from the previous month in April. The Indices of Industrial Inventories increased by 1.5% from the previous month in April. The Survey of Production Forecast in Manufacturing expects a decrease of 2.5% in May, and an increase of 1.8% in June. By industry, transport equipment and general-purpose, production and business oriented machinery are picking up. Electronic parts and devices are increasing. As for short-term prospects, production is expected to continue to pick up mainly reflecting the moderate recovery of overseas economies. Corporate profits is improving. Firms' judgment on current business conditions is improving. The number of corporate bankruptcies is almost flat.
Corporate profits is improving. According to the Quarterly Financial Statements Statistics of Corporations by Industry (January-March survey), corporate profits during the January-March quarter of 2017 increased by 26.6% from the previous year and by 2.7% from the previous quarter. By industry, manufacturers saw an increase in corporate profits of 70.3%, and non-manufacturers saw an increase 10.7%. By size of company, large and medium-sized companies saw an increase of 41.3% from the previous year, and small companies saw an increase of 5.5%. According to the BOJ Tankan (March survey), in fiscal year 2017, sales are
― 51 ―
expected to increase by 1.7% in the first half of the year, and are expected to increase by 1.0% in the second half from the previous year. Current profits are expected to decrease by 1.1% in the first half, and decrease by 1.1% in the second half from the previous year. Firms' judgment on current business conditions is improving. The Tankan (March survey) revealed that firms' judgment on current business conditions has improved for all enterprises in all industries. Firms' judgment on future business conditions, which indicates the business condition as of June, becomes more cautious than that on current business conditions. According to the corporate activity-related DI of the Economy Watchers Survey (May survey), the assessment of current and prospective business conditions fell. The number of corporate bankruptcies is almost flat. The employment situation is improving.
The employment situation is improving. The total unemployment rate was 2.8% in April, the same level as the previous month. The labor force, the number of employed persons, and the number of unemployed persons increased. The number of employees has been flat recently. The number of new job offers is almost flat. The effective ratio of job offers to applicants is increasing. It is the highest level after February 1974. Overtime hours worked in the manufacturing industry are almost flat. As for the movement of wages, contractual cash earnings are picking up. The total amount of cash earnings is increasing moderately. As for short-term prospects, the employment situation is expected to improve.
3. Prices and the financial market Producer prices are rising moderately. Consumer prices are flat.
Producer prices are rising moderately. Consumer prices, in terms of general, excluding fresh food and energy, are flat. According to the Monthly Consumer Confidence Survey (multi-person households), the ratio of households which forecast a rise in prices was 78.0% in May, a decrease of 0.9% points from the previous month. As for short-term prospects, consumer prices (general, excluding fresh food and energy) are expected to rise moderately, but they are expected to remain flat for the time being. As for stock prices, the Nikkei Stock Average rose from the 19,800-yen level to the 20,200-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 109-yen level, moved in the direction of depreciation to the 111-yen level.
― 52 ―
Main Economic Indicators of Japan
June 2017
Policy Planning & Research Division, Minister's Secretariat,Ministry of Finance
― 53 ―
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.
― 54 ―
〔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 2001 35,178.6 47,948.1 96.6 17,806.5 10,257.8 69,004.2 7.1 8.5 2.8 2.5 -5,606.9 -27,726.7 -33,306.6 42,121.9 8,788.3 48,617.4 0.8 44,822.3 -3.4 0.002 18,897.9CY 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 - - 2.0 -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 2.4 -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 3.1 -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 2.8 -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 1.2 -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 0.3 524.1 -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 1.7 -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 0.9 -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 0.8 -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 3.2 -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 3.5 -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 3.7 4.0 -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 123,949.4 102,461.2 5.8 2.9 3.5 2.3 -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 8,920.7
2015.July-Sept. 33,549.0 13,876.6 29.7 6,169.7 592.8 91,561.7 5.4 3.2 4.0 4.1 -978.4 -35,275.3 -36,253.7 48,642.8 12,389.1 67,694.0 3.7 47,047.1 3.4 0.010 20,426.62015.Oct.-Dec. 24,468.3 14,125.8 54.7 3,213.0 3,980.1 98,429.9 6.1 2.7 3.3 3.6 -6,868.0 -24,136.7 -31,004.7 41,788.8 10,784.1 67,910.6 2.8 47,593.7 3.2 0.038 20,630.02016.Jan.-Mar. 27,307.5 25,404.2 99.8 6,801.9 6,257.3 95,594.7 6.5 2.5 3.1 3.2 2,835.3 -27,045.6 -24,210.3 46,636.2 22,425.9 70,481.4 4.2 48,004.4 3.1 -0.002 13,282.62016.Apr.-June 21,696.5 2,945.1 5.3 1,739.5 87.5 95,987.5 6.5 2.8 3.3 2.0 -392.7 -22,657.3 -23,050.0 50,888.9 27,838.9 71,538.0 5.4 47,800.5 2.9 -0.064 5,983.22016.July-Sept. 45,090.6 13,004.7 28.6 5,738.1 226.1 96,319.4 5.6 2.9 3.3 1.4 -331.8 -47,127.4 -47,459.2 56,015.4 8,556.2 71,806.4 6.1 48,336.2 2.7 -0.060 7,618.72016.Oct.-Dec. 26,708.3 14,097.1 53.8 3,592.1 3,853.3 102,461.2 4.7 3.2 3.8 1.6 -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 P 17,532.9 85.2 6,466.3 1,838.0 99,800.1 4.5 3.5 4.1 2.2 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 9,740.22016. Apr. 5,148.6 -128.6 - -251.3 -58.6 97,104.1 6.8 2.7 3.3 2.4 -1,509.3 -4,682.9 -6,192.2 15,157.8 8,965.6 71,353.1 5.9 47,543.8 3.2 -0.056 4,515.22016. May 18,461.7 1,007.3 1.6 816.8 -35.9 95,266.9 6.5 2.8 3.3 1.9 1,837.2 -18,171.8 -16,334.6 18,713.3 2,378.7 71,494.7 5.3 47,596.6 2.9 -0.054 6,440.52016. June -1,913.8 2,066.4 5.3 1,174.0 181.9 95,987.5 6.2 2.9 3.3 1.7 -720.6 197.4 -523.2 17,017.8 16,494.6 71,538.0 5.4 47,800.5 2.9 -0.064 6,993.92016. July 22,744.4 5,820.0 15.7 3,608.5 -327.8 96,483.7 5.9 2.9 3.3 1.5 -496.1 -21,404.5 -21,900.6 21,409.7 -490.9 71,196.8 5.6 47,831.8 2.7 -0.046 7,370.72016. Aug. 17,762.7 4,107.3 23.0 1,181.2 374.9 96,350.9 5.7 2.8 3.2 1.3 132.8 -18,119.4 -17,986.6 18,692.5 705.9 71,326.6 5.9 47,889.7 2.8 -0.048 7,747.32016. Sept. 4,583.5 3,074.1 28.6 948.4 179.0 96,319.4 5.2 3.0 3.4 1.3 31.5 -7,603.5 -7,572.0 15,913.2 8,341.2 71,806.4 6.1 48,336.2 2.7 -0.060 7,738.12016. Oct. 15,411.5 3,524.4 34.9 940.5 368.7 96,981.9 5.0 3.1 3.6 1.3 -662.4 -13,518.4 -14,180.8 18,298.4 4,117.6 72,020.7 6.9 48,227.5 2.9 -0.047 8,196.62016. Nov. 13,851.7 7,210.2 47.8 1,318.2 3,303.5 97,429.8 4.7 3.3 3.8 1.6 -447.9 -14,535.5 -14,983.4 16,730.2 1,746.8 72,863.2 7.3 48,563.6 3.1 -0.054 8,924.22016. Dec. -2,554.9 3,360.4 53.8 1,333.3 181.1 102,461.2 4.5 3.4 3.9 1.9 -5,031.3 -97.3 -5,128.6 17,657.6 12,529.0 73,434.2 8.1 49,157.3 3.3 -0.058 9,274.92017. Jan. 20,000.6 4,740.5 62.3 2,387.3 205.1 98,945.8 4.5 3.4 4.0 2.0 3,515.3 -18,903.1 -15,387.8 16,979.6 1,591.8 73,415.7 8.3 49,030.2 3.2 -0.058 9,758.12017. Feb. 14,874.6 4,479.0 70.3 706.7 997.2 99,322.4 4.5 3.5 4.1 2.3 -376.5 -15,644.9 -16,021.4 13,824.8 -2,196.6 73,538.9 7.0 49,087.2 3.7 -0.048 9,839.52017. Mar. -4,421.3 2,791.8 75.3 718.1 218.7 99,800.1 4.5 3.6 4.2 2.4 -477.7 1,874.5 1,396.8 11,735.5 13,132.3 74,849.7 6.2 49,637.4 3.4 -0.060 9,623.12017. Apr. 4,152.3 P -245.6 - -322.5 -96.2 100,933.6 4.2 3.4 4.0 2.6 -1,133.4 -3,377.9 -4,511.3 18,265.8 13,754.5 75,314.4 5.6 49,383.6 3.9 -0.074 8,704.82017. May 15,863.8 99,515.2 4.4 P 3.4 P 3.9 P 2.8 1,418.4 -17,471.9 -16,053.5 11,225.9 -4,827.6 -0.065 9,185.9
(※) 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.
Call Rates AverageOut-
standingin the Call
MoneyMarket
Total
Actual RevenueBank-
notes incirculation
End ofYear orMonth
AverageAmountsOut-standing
M3 M2Broadly-definedLiqui-dity Banknotes
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 (※)
Billion Yen % Billion Yen Billion Yen %
Uncollat-eralizedOverni-ght End ofPeriod
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
2.788
% Billion Yen 10 BillionYen %
10 BillionYen % %
BillionYen
8.2746.4677.697
1.452
2.1161.8801.8341.7991.7321.6231.7661.9451.8651.6551.551
0.982
1.3641.2581.1801.1100.9981.1251.1101.0761.0391.0160.998
0.982
1.0661.0541.0391.0331.0261.0161.0141.0090.9980.9960.992
0.982
Released by Ministry of Finance Bank of Japan
FY FY FY FY FYFY FY FY FY FY
― 55 ―
〔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 2001 133,970.4 2,299.0 4,815.2 8,272.4 18,697.9 1,195.10 811 1.22 12,093.56 637,627.2 281.9 11,693 2,577.6 19,164 2.1 16,519.6 -30.8CY 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 -5.0
2015.July-Sept. 42,610.0 1,747.0 605.0 1,620.7 618.8 1,573.50 2,664 1.68 19,474.81 49,737.3 10.3 279 55.0 2,092 -14.1 488.8 21.5
2015.Oct.-Dec. 45,280.5 1,958.9 870.0 1,588.0 587.5 1,545.47 2,359 1.56 19,035.47 48,328.7 16.2 296 64.7 2,152 -3.1 633.2 51.5
2016.Jan.-Mar. 43,074.4 1,449.7 865.6 1,903.0 533.6 1,364.04 2,800 1.74 16,843.02 48,864.4 36.1 275 84.4 2,144 -5.6 466.3 -14.0
2016.Apr.-June 41,589.3 1,631.1 810.0 1,988.3 457.6 1,318.39 2,377 2.01 16,393.84 41,217.4 30.5 276 59.2 2,129 -7.2 327.4 -26.8
2016.July-Sept. 42,197.2 1,491.3 1,020.0 4,615.5 451.8 1,309.69 2,123 1.93 16,500.01 37,407.4 151.3 272 57.1 2,088 -0.1 335.3 -31.3
2016.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 38.5
2017.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 -11.8
2016. Apr. 13,839.1 471.4 110.0 676.0 149.2 1,335.67 2,561 1.77 16,543.47 11,857.3 1.3 105 20.4 695 -7.0 103.3 -46.3
2016. May 13,279.6 552.7 390.0 288.8 143.4 1,334.43 2,287 1.86 16,612.67 14,482.0 9.4 92 16.4 671 -7.3 115.8 -9.3
2016. June 14,470.6 607.0 310.0 1,023.5 164.9 1,288.83 2,287 2.01 16,068.81 14,878.0 19.8 79 22.4 763 -7.4 108.2 -14.6
2016. July 14,306.0 504.0 180.0 1,780.0 144.4 1,291.30 2,308 1.92 16,168.32 11,658.2 56.9 103 16.6 712 -9.5 124.0 3.2
2016. Aug. 14,402.8 343.0 500.0 541.0 127.7 1,303.93 2,021 1.98 16,586.07 13,036.0 41.8 97 24.2 726 14.8 126.0 28.7
2016. Sept. 13,488.4 644.3 340.0 2,294.5 179.7 1,334.42 2,048 1.93 16,737.04 12,713.1 52.6 72 16.4 650 -3.4 85.3 -68.5
2016. Oct. 14,121.5 606.2 290.0 835.0 138.3 1,360.45 1,975 1.83 17,044.51 10,512.1 20.7 71 11.6 683 -7.9 111.2 4.7
2016. Nov. 13,369.3 616.5 130.0 345.1 126.5 1,409.47 2,716 1.77 17,689.54 11,296.8 7.1 68 15.8 693 -2.5 594.4 319.6
2016. Dec. 14,503.1 551.4 220.0 929.0 157.9 1,522.68 2,498 1.71 19,066.03 13,279.7 15.4 100 16.7 710 1.5 171.6 -55.4
2017. Jan. 14,441.9 441.4 290.0 738.0 122.3 1,534.42 2,125 1.71 19,194.06 10,761.2 7.8 72 13.0 605 -10.3 128.4 1.2
2017. Feb. 14,140.3 486.5 180.0 555.0 122.3 1,537.60 2,176 1.68 19,188.73 10,279.1 14.5 73 12.1 688 -4.8 115.8 -29.1
2017. Mar. 13,638.8 425.0 166.9 1,407.0 161.3 1,552.10 2,045 1.70 19,340.18 13,128.8 22.0 92 21.1 786 5.3 166.8 -5.1
2017. Apr. 12,895.9 P 511.0 P 185.0 P 857.4 155.8 1,494.81 2,139 1.70 18,736.39 10,071.2 1.5 84 16.4 680 -2.1 104.0 0.62017. May 1,571.62 2,127 1.76 19,726.76 13,289.2 26.8 79 15.8 802 19.5 106.9 -7.7
(※) 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.
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
Average Yield of Divided
PayingCompanies
(End of Month)
NikkeiAverage(※)
Issues of Public and Corporate Bonds Stock Prices and Yields (Average)
Tokyo ★ ★
Billion Yen Million Shares % Billion Yen Case Billion Yen Case
BankDebentures
Tokyo Stock Exchange (1st Section) All Clearing
Houses
TotalAmount ofLiabilities
Numberof Cases
TotalLiabilities
% Billion Yen %
Released by Japan Securities Dealers Association Tokyo Stock Exchange Tokyo Clearing House Japanese BankersAssociation Tokyo Shoko Research Co. Ltd.
― 56 ―
〔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 2001 98.7 -6.8 - - 112.8 147.1 101.2 100.5 88.5 97.5 -6.3 116.5 -0.8 111.5 10.3 102.6 100.8CY 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 97.72015. July-Sept. 97.8 -0.9 97.0 -1.0 104.0 98.9 82.3 100.1 96.7 96.2 -0.7 113.3 -0.5 114.7 0.8 94.9 97.62015. Oct.-Dec. 98.4 -0.8 97.1 0.1 102.9 98.0 84.8 100.9 96.9 96.6 0.4 112.7 -0.5 114.9 0.2 95.0 97.92016. Jan.-Mar. 97.6 -1.4 96.2 -0.9 102.3 98.8 84.1 101.9 95.2 94.8 -1.9 114.2 1.3 116.8 1.7 94.8 96.12016. Apr.-June 94.3 -1.8 96.5 0.3 103.3 96.2 83.5 103.7 95.1 95.3 0.5 112.4 -1.6 116.0 -0.7 94.6 96.32016. July-Sept. 98.2 0.4 98.0 1.6 105.2 95.4 86.1 103.2 96.7 96.3 1.0 109.9 -2.2 114.3 -1.5 94.5 98.02016. 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. 101.3 3.8 100.0 0.2 106.7 97.6 86.0 105.3 100.0 98.5 -0.1 109.7 2.2 111.5 1.6 94.1 99.82016. Mar. 108.2 0.4 96.4 1.2 102.2 101.1 84.2 102.6 95.0 95.1 1.3 114.2 1.6 117.5 1.9 94.8 96.42016. Apr. 92.9 -3.2 96.8 0.4 102.3 96.6 83.5 106.2 95.4 95.4 0.3 112.6 -1.4 115.9 -1.4 94.6 96.42016. May 89.3 -0.6 95.6 -1.2 103.6 94.2 83.0 102.1 94.3 94.7 -0.7 112.8 0.2 116.7 0.7 94.6 95.92016. June 100.6 -1.6 97.0 1.5 104.1 97.8 84.1 102.8 95.7 95.7 1.1 112.4 -0.4 115.4 -1.1 94.6 96.62016. July 98.7 -4.2 97.0 0.0 103.8 96.1 86.6 102.8 95.5 96.0 0.3 110.5 -1.7 116.1 0.6 94.4 97.22016. Aug. 92.5 4.5 98.3 1.3 105.1 96.4 86.2 103.8 96.9 96.2 0.2 110.5 0.0 113.2 -2.5 94.4 99.22016. Sept. 103.5 1.5 98.6 0.3 106.6 93.7 85.5 103.0 97.6 96.8 0.6 109.9 -0.5 113.5 0.3 94.5 97.62016. Oct. 98.9 -1.2 98.9 0.3 106.3 96.0 86.8 104.9 97.7 97.9 1.1 108.5 -1.3 112.2 -1.1 94.5 98.72016. Nov. 101.7 4.4 99.9 1.0 108.5 96.7 88.3 102.0 99.2 98.9 1.0 106.6 -1.8 108.0 -3.7 94.5 100.52016. Dec. 100.8 3.1 100.6 0.7 108.5 97.1 88.8 103.3 100.2 98.9 0.0 107.3 0.7 108.9 0.8 94.5 101.12017. Jan. 93.1 3.2 98.5 -2.1 105.8 97.5 84.0 103.3 98.5 97.8 -1.1 107.4 0.1 111.6 2.5 94.4 98.32017. Feb. 98.9 4.7 101.7 3.2 109.5 98.2 88.0 107.2 101.2 99.2 1.4 108.1 0.7 111.3 -0.3 94.4 101.42017. Mar. 112.0 3.5 99.8 -1.9 104.8 97.2 86.1 105.3 100.2 98.4 -0.8 109.7 1.5 111.5 0.2 94.1 99.82017. Apr. 98.2 5.7 103.8 4.0 112.7 99.1 93.1 107.2 103.0 101.1 2.7 111.3 1.5 114.7 2.9 94.0 104.1
(※) Base year changed in June 2013. The figures of before 2008, Conected Indices base year was 2010.
Index ofProducers'Inventory ofFinished Goods(End of Year orMonth)
Index ofProducers'Inventory Ratio ofFinished Goods
Index ofManufacturingProductionCapacity (Endof Year orMonth)
Special Group
◎
● ●
ProducerGoods
2010=100 (※) %
Released by Ministry of Economy, Trade and Industry
☆(★)
☆(★)
☆(★)
★ Index ☆CapitalGoods
ConstructionGoods
DurableConsumerGoods
NondurableConsumerGoods
Index ofManufacturingOperating rate
Index of Industrial Production Index ofProducers'Shipments
― 57 ―
〔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 2001 24,742.5 -5.9 13,105.7 11,351.2 -5.8 4,291.6 -16.5 7,074.5 2.1 14,338.3 6,624.5 -12.0 1,174 -4.6 - - -14.3 4.0 -1.8
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 - - -73.2 10.5 3.9
2015. July-Sept. 6,992.9 -2.2 3,001.8 2,434.1 -8.0 1,057.7 -12.5 1,367.4 -6.4 3,370.5 1,982.5 12.5 236 6.2 915 -3.1 4.8 16.5 -5.4
2015. Oct.-Dec. 7,259.5 3.8 3,153.3 2,504.5 2.9 1,047.7 -0.9 1,460.1 6.8 3,280.3 1,811.7 5.1 232 -0.7 882 -3.6 0.2 1.3 -3.6
2016. Jan.-Mar. 6,833.4 -5.9 3,349.0 2,609.9 4.2 1,128.4 7.7 1,498.8 2.7 4,240.1 2,263.3 -3.8 216 5.5 944 7.1 1.7 6.0 9.3
2016. Apr.-June 6,468.5 -5.3 2,964.5 2,441.8 -6.4 1,032.1 -8.5 1,446.2 -3.5 3,385.4 2,101.1 9.2 247 4.9 991 5.0 2.1 11.0 -0.5
2016. July-Sept. 6,396.4 -1.1 3,039.5 2,577.1 5.5 1,052.0 1.9 1,535.3 6.2 3,620.4 1,999.5 0.9 253 7.1 980 -1.2 3.9 11.2 3.6
2016. Oct.-Dec. 7,253.0 13.4 3,370.2 2,585.9 0.3 1,080.0 2.7 1,520.2 -1.0 3,453.3 1,988.9 9.8 251 7.9 953 -2.8 4.6 13.0 3.8
2017. Jan.-Mar. 6,679.8 -7.9 2,884.1 2,550.7 -1.4 1,034.6 -4.2 1,520.6 0.0 4,331.7 2,308.5 2.0 223 3.2 975 2.3 -0.8 10.0 -2.0
2016. Mar. 2,548.9 14.2 1,068.9 862.5 1.4 372.7 14.2 492.2 -6.5 2,341.4 1,199.1 13.1 76 8.4 982 1.8 4.3 1.1 26.0
2016. Apr. 2,250.7 -11.7 984.1 807.0 -6.4 336.6 -9.7 476.0 -3.3 983.8 582.7 -17.5 82 9.0 985 0.3 1.2 16.0 9.0
2016. May 2,053.7 -8.8 968.5 789.3 -2.2 336.7 0.0 480.8 1.0 1,102.2 768.2 57.3 79 9.8 1,001 1.6 4.3 15.0 7.9
2016. June 2,164.1 5.4 1,011.9 845.5 7.1 358.7 6.5 489.4 1.8 1,299.3 750.3 2.9 86 -2.5 988 -1.3 1.1 3.7 -15.2
2016. July 2,162.0 -0.1 1,025.2 893.2 5.6 362.1 0.9 521.2 6.5 906.1 629.5 4.0 85 8.9 996 0.8 6.0 11.1 9.1
2016. Aug. 2,123.6 -1.8 1,023.3 840.6 -5.9 350.8 -3.1 505.2 -3.1 1,044.4 569.0 5.4 82 2.5 961 -3.5 4.3 9.9 -12.7
2016. Sept. 2,110.8 -0.6 991.0 843.2 0.3 339.1 -3.3 508.9 0.7 1,669.9 800.9 -4.3 86 10.0 981 2.1 1.4 12.6 17.0
2016. Oct. 2,169.9 2.8 1,042.6 872.1 3.4 340.5 0.4 522.7 2.7 1,008.4 601.6 19.8 87 13.1 981 -0.1 4.9 22.0 9.3
2016. Nov. 2,599.0 19.8 1,126.6 847.8 -2.8 368.3 8.1 493.5 -5.6 944.5 571.3 7.4 85 6.7 954 -2.7 2.7 15.3 -1.8
2016. Dec. 2,484.0 -4.4 1,200.9 866.0 2.1 371.1 0.8 504.0 2.1 1,500.4 816.0 5.0 78 3.9 923 -3.2 6.5 2.2 4.6
2017. Jan. 2,236.9 -10.0 922.0 837.9 -3.2 330.9 -10.8 507.6 0.7 917.7 529.2 14.8 76 12.8 1,001 8.4 -0.2 12.0 27.3
2017. Feb. 2,207.5 -1.3 1,045.9 850.5 1.5 350.8 6.0 516.6 1.8 1,046.8 554.6 -8.1 71 -2.6 940 -6.1 1.6 6.8 -17.9
2017. Mar. 2,235.5 1.3 916.3 862.3 1.4 352.9 0.6 496.4 -3.9 2,367.2 1,224.7 2.1 76 0.2 984 4.7 -3.6 11.0 -10.8
2017. Apr. 2,296.6 2.7 928.7 835.9 -3.1 361.8 2.5 471.5 -5.0 981.9 560.7 -3.8 84 1.9 1,004 2.0 0.8 1.9 2.9
(※) 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
Released by Cabinet Office Ministry of Land, Infrastructure and Transport
Billion Yen % Billion Yen %Thousandof Units %Billion Yen % Billion Yen %
Condo-minium
byManufac-turingindustries
by Nonmanufacturingindustries(except Ships・Electricity)
PrivateNon-Residence
Billion Yen %
★ ★ ☆
Thousand of Units % ★ %
Orders Received for Construction( 50 Companies) (※) New Construction Starts of Dwellings
Total
DemandbyPrivateSector
Total NumberSeasonallyAdjustedAnnualRates
With inexceptShips・Electricity☆ ☆ ☆ ☆
Orders Received for Machinery (280 Companies) ● (※)
OwnHouse
RentedHouse
― 58 ―
〔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
2001 109.9 -1.6 -0.6 95.8 -0.3 90.2 -0.4 114.8 -3.1 - 87.6 -4.1 81.3 -7.9 - 6,752 6,412 5,369 340 5.0 0.59 1.012002 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 2.04
2015. July-Sept. 96.3 0.5 0.2 101.7 0.8 100.5 2.0 100.3 0.7 0.2 97.6 -0.9 98.6 1.3 0.6 6,652 6,426 5,676 223 3.4 1.22 1.85
2015. Oct.-Dec. 115.4 0.2 -0.1 118.5 1.3 100.9 2.2 100.1 0.6 0.1 102.4 -0.9 103.4 0.2 -0.4 6,633 6,425 5,714 216 3.3 1.26 1.89
2016. Jan.-Mar. 86.1 0.7 0.5 82.7 0.8 100.6 2.1 99.7 0.5 0.0 98.5 -2.1 97.6 -3.2 -1.7 6,601 6,388 5,703 213 3.2 1.29 1.97
2016. Apr.-June 103.5 0.6 1.1 98.0 0.2 102.0 2.0 100.9 0.5 0.2 98.2 -1.2 95.5 -1.9 -0.4 6,688 6,471 5,733 204 3.1 1.35 2.04
2016. July-Sept. 96.8 0.5 1.2 102.4 0.8 102.7 2.2 100.6 0.3 0.0 96.1 -1.5 96.9 -1.6 0.9 6,712 6,505 5,759 207 3.1 1.37 2.06
2016. Oct.-Dec. 115.9 0.4 0.1 119.1 0.6 103.2 2.2 100.6 0.5 0.3 101.2 -1.2 103.2 -0.2 0.9 6,691 6,496 5,805 204 3.0 1.41 2.15
2017. Jan.-Mar. 86.3 0.2 -0.1 83.6 1.1 102.9 2.3 100.0 0.3 -0.2 99.7 1.2 100.6 3.1 1.6 6,634 6,443 5,758 191 2.9 1.44 2.12
2016. Mar. 88.9 1.5 1.6 84.5 1.2 100.2 2.1 99.5 0.5 -0.1 102.1 -1.8 101.3 -3.0 -0.2 6,580 6,364 5,670 211 3.2 1.31 1.94
2016. Apr. 87.4 0.0 0.4 83.4 0.0 101.6 2.0 100.9 0.5 0.2 103.0 -0.9 100.1 -1.8 0.5 6,645 6,420 5,700 212 3.2 1.33 2.04
2016. May 85.6 -0.1 0.4 81.2 -0.2 101.9 2.0 100.8 0.4 0.0 94.9 -1.8 89.4 -2.8 -1.7 6,687 6,471 5,739 212 3.2 1.35 2.06
2016. June 137.6 1.4 2.0 129.5 0.5 102.4 2.0 100.9 0.5 0.2 96.6 -1.0 96.9 -1.3 2.3 6,733 6,522 5,761 207 3.1 1.36 2.03
2016. July 119.0 1.2 1.8 140.1 1.0 102.6 2.0 100.7 0.3 -0.1 97.6 -1.9 98.8 -0.6 0.4 6,708 6,504 5,743 202 3.0 1.37 2.03
2016. Aug. 86.8 0.0 0.6 84.9 0.8 102.7 2.2 100.5 0.2 0.0 93.0 -2.0 93.2 -2.6 -1.0 6,702 6,489 5,743 209 3.1 1.37 2.07
2016. Sept. 84.5 0.0 0.8 82.3 0.1 102.7 2.2 100.5 0.4 0.1 97.6 -0.9 98.8 -1.8 0.7 6,726 6,522 5,792 202 3.0 1.38 2.10
2016. Oct. 85.1 0.1 0.0 82.6 0.5 102.9 2.2 100.6 0.5 0.1 100.2 -0.9 100.7 -1.2 0.4 6,715 6,520 5,815 200 3.0 1.40 2.11
2016. Nov. 87.9 0.5 0.0 87.1 0.7 103.2 2.2 100.6 0.5 0.1 101.2 -0.9 103.8 -0.6 0.3 6,674 6,477 5,779 204 3.1 1.41 2.15
2016. Dec. 174.6 0.5 0.1 187.5 0.5 103.4 2.2 100.5 0.4 0.0 102.1 -1.8 105.0 1.2 0.7 6,683 6,490 5,820 207 3.1 1.43 2.19
2017. Jan. 86.1 0.3 -0.1 83.8 1.7 103.2 2.3 100.2 0.3 -0.1 96.4 0.7 93.1 2.0 0.6 6,667 6,470 5,793 198 3.0 1.43 2.13
2017. Feb. 83.9 0.4 0.0 82.1 1.1 103.0 2.4 100.0 0.3 -0.1 99.1 1.5 104.4 4.3 1.3 6,615 6,427 5,754 190 2.8 1.43 2.12
2017. Mar. 88.9 0.0 -0.3 84.9 0.5 102.6 2.4 99.9 0.4 0.0 103.6 1.5 104.4 3.1 -1.4 6,621 6,433 5,728 184 2.8 1.45 2.13
2017. Apr. 87.8 0.5 0.0 84.5 1.3 104.2 2.6 101.5 0.6 0.4 103.6 0.6 103.1 3.0 0.4 6,697 6,500 5,757 186 2.8 1.48 2.13
(※) 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.
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
★ ● ☆ ★ ★ ● ☆●
TotallyUnemployed
Unemploymentrate
Ratio ofJob OfferstoApplicants
Rate of NewJob Offersto NewApplicants
Em-ployeesManu-
facturing★★ ★
Cash Earning Index Employment Index of Regular Employees Index of Nonscheduled Hours Worked
LabourForce
Em-ployed
Enterprises with 5 employees and over.AllIndust-ries
Manu-facturing
AllIndust-ries
Manu-facturing
AllIndust-ries
― 59 ―
〔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 - ND - - 11.7 - 11.9 - 12.2 - 12.6 -
* 1980 230,568 7.4 -0.6 77.9 - - - - 15.0 - 9.1 - 49.4 - ND - - 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 - ND - 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 - 2.3 - 8.8 - ND - 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 - ND - 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 0.1 - -4.6 - 4.7 - -0.4 - 26.20 -0.7 - -0.4 - -1.0 - -0.7 -2001 309,054 -2.6 -1.7 72.1 -1.9 -3.0 -0.5 -5.0 -2.3 - 3.0 - 2.5 - -2.4 - 22.69 -0.7 - -0.8 - -1.1 - -1.2 -2002 305,953 -1.0 0.1 73.0 -3.3 -2.2 -2.1 -2.2 -2.1 - -1.1 - -1.3 - -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 - -4.1 - -0.8 - -1.2 - 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 1.2 - -1.3 - 4.3 - 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 - 1.9 - 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 - 14.2 - 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 - 2.3 - 7.6 - 1.5 - 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 4.6 - -6.1 - 8.8 - 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 - -10.2 - -24.1 - -4.7 - 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 - 7.2 - -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 - -0.2 - -1.1 - 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 3.2 - 3.2 - 4.3 - 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 - -11.2 - -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 - -16.2 - -3.7 - 41.36 -0.1 - -0.3 - -0.2 - -0.3 -
2015. July-Sept. 281,979 1.0 0.7 73.6 0.8 1.9 2.8 1.4 -3.7 -1.0 2.6 -1.2 -11.0 -2.4 -3.6 -1.0 50.12 0.2 -0.1 -0.1 -0.1 0.1 -0.3 -0.1 -0.2
2015. Oct.-Dec. 291,308 -3.0 -3.3 73.0 -0.2 0.4 0.5 0.3 -3.6 -1.3 -4.6 -2.7 -17.1 -5.2 -3.6 -1.3 41.15 0.3 -0.2 0.0 0.0 0.1 -0.1 0.0 0.1
2016. Jan.-Mar. 283,879 -2.5 -2.6 72.6 -0.3 0.6 -1.4 1.7 -3.7 -1.6 -7.5 -4.5 -17.4 -9.9 -3.8 -1.7 30.73 0.0 -0.4 -0.1 -0.7 0.0 -0.3 -0.1 -0.5
2016. Apr.-June 280,600 -1.6 -1.2 72.8 -1.4 -1.4 -4.0 -0.1 -4.5 -0.6 -11.2 -3.2 -19.7 -3.8 -4.6 -0.6 42.99 -0.4 0.3 -0.4 0.4 -0.4 0.3 -0.3 0.4
2016. July-Sept. 273,841 -2.9 -2.4 70.7 -1.3 -2.0 -3.4 -1.2 -3.8 -0.3 -12.8 -2.9 -19.1 -1.7 -3.9 -0.3 43.38 -0.5 -0.2 -0.5 -0.2 -0.5 -0.3 -0.4 -0.3
2016. Oct.-Dec. 290,432 -0.3 -0.7 71.8 0.8 -0.9 -2.8 0.2 -2.1 0.4 -5.9 4.8 -8.9 6.8 -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 73.1 1.2 -1.5 -1.2 -1.6 1.0 1.6 2.5 4.0 8.8 7.7 1.2 1.7 52.82 0.3 -0.4 0.2 -0.1 -0.2 -0.7 -0.3 -0.4
2016. Apr. 298,520 -0.7 -0.4 74.2 -0.9 -0.7 -3.6 0.8 -4.4 -0.4 -9.2 -1.1 -18.4 -1.0 -4.5 -0.4 39.04 -0.3 0.2 -0.4 0.3 -0.3 0.1 -0.3 0.2
2016. May 281,827 -1.6 -1.1 74.7 -2.1 -2.1 -4.8 -0.8 -4.6 0.0 -10.7 -0.4 -18.8 0.0 -4.7 0.0 43.95 -0.5 0.1 -0.4 0.0 -0.5 -0.1 -0.4 -0.1
2016. June 261,452 -2.7 -2.3 69.6 -1.3 -1.4 -3.6 -0.3 -4.5 0.0 -13.7 -2.0 -21.9 -1.1 -4.7 -0.1 45.83 -0.4 -0.1 -0.4 0.0 -0.4 -0.1 -0.3 -0.1
2016. July 278,067 -0.9 -0.5 70.0 -0.2 0.7 -0.2 1.1 -4.2 -0.1 -13.3 -0.7 -20.9 -0.1 -4.3 0.0 42.62 -0.4 -0.2 -0.5 -0.2 -0.4 -0.3 -0.4 -0.3
2016. Aug. 276,338 -5.1 -4.6 70.7 -2.2 -3.6 -6.0 -2.5 -3.8 -0.3 -13.8 -1.4 -20.4 -1.8 -3.9 -0.3 43.73 -0.5 0.0 -0.5 0.0 -0.5 0.1 -0.4 0.1
2016. Sept. 267,119 -2.6 -2.1 71.6 -1.7 -3.2 -5.0 -2.3 -3.3 0.1 -11.0 0.5 -16.1 1.0 -3.5 0.0 43.74 -0.5 0.2 -0.5 0.0 -0.5 0.1 -0.5 -0.1
2016. Oct. 281,961 -0.2 -0.4 71.1 -0.2 -1.0 -4.0 0.6 -2.7 -0.1 -9.0 1.3 -14.1 1.1 -2.8 0.0 48.26 0.1 0.6 -0.4 0.2 0.1 0.7 -0.4 0.2
2016. Nov. 270,848 -0.9 -1.5 72.4 1.7 -0.3 -2.7 1.1 -2.3 0.4 -7.0 2.9 -9.7 5.9 -2.4 0.4 43.77 0.5 0.0 -0.4 0.0 0.5 -0.1 -0.4 -0.1
2016. Dec. 318,488 0.1 -0.3 71.8 0.7 -1.3 -2.0 -0.9 -1.2 0.7 -1.8 4.8 -2.7 5.0 -1.3 0.7 51.78 0.3 -0.2 -0.2 0.0 0.0 -0.4 -0.6 -0.1
2017. Jan. 279,249 -0.6 -1.2 71.0 1.0 -1.1 -1.2 -1.1 0.5 0.6 0.8 0.0 4.5 1.8 0.6 0.7 53.37 0.4 -0.2 0.1 -0.2 0.1 -0.4 -0.3 -0.4
2017. Feb. 260,644 -3.4 -3.8 75.4 0.2 -2.7 -1.8 -3.1 1.1 0.3 2.6 -0.4 9.8 0.4 1.2 0.3 54.17 0.3 -0.1 0.2 0.0 -0.3 -0.1 -0.3 0.1
2017. Mar. 297,942 -1.0 -1.3 72.8 2.1 -0.8 -0.7 -0.9 1.4 0.2 3.8 0.4 12.4 0.9 1.7 0.3 51.16 0.2 0.1 0.2 0.2 -0.4 0.1 -0.4 0.2
2017. Apr. 295,929 -0.9 -1.4 73.1 P 3.2 P 1.1 P 1.0 P 1.1 2.1 0.2 3.0 -1.9 11.0 -2.1 2.3 0.2 52.45 0.4 0.4 0.3 0.4 -0.1 0.4 -0.1 0.4
2017.P May 2.1 0.0 4.4 1.0 13.5 2.2 2.3 0.0 50.31 P 0.2 0.2 0.1 0.2
Bloomberg
(※) Current Survey of Commerce: Data is compared to them of previous year or month after store adjustment. (※) Consumer Price Index: Base year changed in August 2011. Corporate Goods Price Index: Changed to the 2015 base CGPI in January 2017. Family Income and Expenditure Survey: Two-or-more-person households (Including agricultural, forestry and fisheries households) in and after January 2000. Consumer Price Index: Base year changed in August 2016.
Released by Ministry of Internal Affairs andCommunications
Ministry of Economy Trade andIndustry Bank of Japan Ministry of Internal Affairs and Communications
Yen (Duringmonth or average
during year)% % 2015 = 100 (※) % $ / bl 2015 = 100 (※) %
★ ☆ ★ ☆Average
★
GeneralGeneral excludingFresh Food
General excludingFresh Food
General□ ★ (※) ★ ☆ ★ ☆
Export(Yen basis)
Import(Yen basis)
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
DomesticAll Japan Ku-area of Tokyo
★Average
Propensity to
Consume●
DepartmentStores
SuperMarket
― 60 ―
〔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
2001 48,979.2 -5.2 - 2,889.1 10,229.5 2,820.7 11,533.3 7,210.8 14,711.1 7,810.0 19,732.2 42,415.5 3.6 - 5,250.6 11,109.7 5,621.5 13,215.9 2,764.0 7,671.5 5,411.9 17,987.1
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
2015. July-Sept. 18,956.4 3.7 - 1,573.7 3,538.1 414.0 3,445.9 3,049.9 3,755.4 1,989.0 10,171.4 19,906.6 -5.9 - 1,737.7 5,806.8 2,744.8 6,104.0 649.2 1,985.6 2,234.8 9,784.1
2015. Oct.-Dec. 18,857.9 -4.6 - 1,432.3 3,514.1 414.5 3,335.1 3,353.8 3,932.9 2,106.8 9,935.6 19,001.6 -13.9 - 1,786.5 4,951.9 2,110.9 6,190.9 623.7 1,941.3 2,346.0 9,504.2
2016. Jan.-Mar. 17,509.6 -7.9 - 1,328.8 3,381.6 351.3 2,972.3 2,835.6 3,654.5 2,100.5 8,923.6 17,186.2 -15.6 - 1,541.4 4,304.4 1,626.0 5,735.1 638.7 1,825.0 2,120.3 8,758.1
2016. Apr.-June 17,006.8 -9.5 - 1,281.8 3,350.8 346.1 2,932.8 2,652.7 3,389.0 1,943.1 8,992.3 15,556.4 -18.7 - 1,612.3 3,556.6 1,484.4 5,239.8 528.5 1,813.5 1,925.6 7,838.7
2016. July-Sept. 17,013.8 -10.2 - 1,284.1 3,322.7 343.5 3,079.6 2,764.2 3,321.3 1,943.4 9,092.7 16,057.3 -19.3 - 1,534.0 3,869.6 1,706.6 5,302.4 508.4 1,784.3 1,991.5 8,059.7
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. 18,999.1 8.5 - 1,446.6 3,801.0 376.5 3,210.0 2,795.3 3,630.4 2,098.2 10,234.3 18,669.6 8.6 - 1,588.3 5,446.1 2,381.4 5,922.1 663.9 1,993.2 2,083.8 9,069.8
2016. Mar. 6,456.8 -6.8 0.4 476.8 1,296.9 120.7 1,082.7 1,026.7 1,307.4 790.2 3,318.5 5,711.9 -14.8 -2.7 524.5 1,433.8 554.6 1,910.7 224.1 623.5 684.1 2,911.0
2016. Apr. 5,889.6 -10.1 -0.8 424.6 1,162.2 122.6 1,038.2 913.1 1,200.6 702.5 3,072.8 5,078.3 -23.1 -3.3 547.8 1,122.8 419.9 1,655.1 184.2 587.9 622.8 2,569.3
2016. May 5,091.9 -11.3 -1.6 410.0 1,016.2 107.5 865.2 744.3 970.3 577.9 2,769.1 5,139.3 -13.7 2.0 531.9 1,200.5 526.6 1,752.4 167.2 624.9 651.7 2,556.6
2016. June 6,025.3 -7.4 2.0 447.3 1,172.3 116.0 1,029.4 995.2 1,218.1 662.7 3,150.5 5,338.9 -18.7 0.6 532.6 1,233.3 537.8 1,832.3 177.1 600.7 651.1 2,712.8
2016. July 5,728.4 -14.0 -1.7 437.2 1,146.8 116.4 1,015.9 965.0 1,182.5 665.6 3,043.9 5,223.9 -24.6 -0.6 519.5 1,277.0 591.8 1,713.4 170.4 589.6 667.7 2,561.5
2016. Aug. 5,316.4 -9.6 0.3 425.4 1,042.3 111.3 982.8 777.3 971.3 590.7 2,927.3 5,351.0 -17.0 -0.7 514.9 1,330.7 583.4 1,677.8 161.8 613.9 673.4 2,632.9
2016. Sept. 5,968.9 -6.9 0.7 421.6 1,133.6 115.8 1,080.8 1,021.9 1,167.5 687.1 3,121.5 5,482.4 -16.1 2.1 499.6 1,261.9 531.4 1,911.2 176.2 580.8 650.3 2,865.3
2016. Oct. 5,870.2 -10.3 1.8 421.7 1,112.2 116.0 1,071.1 994.3 1,197.0 650.5 3,122.5 5,389.1 -16.3 -0.1 506.6 1,226.8 467.5 1,914.3 177.0 617.7 680.4 2,733.9
2016. Nov. 5,956.4 -0.4 3.7 417.9 1,116.5 120.9 1,061.6 1,029.5 1,211.2 633.3 3,235.6 5,809.9 -8.7 4.3 583.7 1,439.0 593.8 1,943.0 197.9 630.9 718.1 2,886.5
2016. Dec. 6,678.9 5.4 2.1 485.1 1,329.8 133.9 1,205.2 1,056.6 1,369.8 711.0 3,740.1 6,043.0 -2.5 3.2 584.8 1,667.8 728.0 1,996.3 218.3 650.7 715.9 2,921.8
2017. Jan. 5,422.0 1.3 0.8 423.3 1,006.4 109.3 923.2 810.5 1,054.0 596.6 2,887.3 6,513.9 8.4 3.8 537.6 1,835.8 791.9 2,116.9 233.3 655.2 691.4 3,360.8
2017. Feb. 6,347.5 11.3 6.5 481.0 1,316.4 131.6 1,085.5 944.5 1,223.2 700.7 3,486.4 5,536.4 1.3 -1.2 459.8 1,726.5 776.0 1,727.4 195.0 612.1 659.6 2,488.4
2017. Mar. 7,229.6 12.0 -4.0 542.2 1,478.2 135.6 1,201.2 1,040.2 1,353.2 801.0 3,860.7 6,619.3 15.9 3.5 590.9 1,883.9 813.6 2,077.8 235.6 725.9 732.8 3,220.6
2017. Apr. 6,329.4 7.5 -0.3 472.2 1,293.7 12.6 1,108.2 919.1 1,232.2 717.9 3,448.2 P 5,848.3 15.2 -0.6 583.9 1,629.0 691.4 1,807.7 187.5 645.6 657.0 2,830.6
(※) 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 2007Released by Ministry of Finance
Billion Yen % Billion Yen Billion Yen % Billion Yen
Exports and Imports on a Customs Clearance Basis (※)Exports Imports
CrudeMaterialsand Fuels
fromEU
toU.S.A
toEU
Machi-nery andEquip-ments
fromU.S.A
Machi-nery andEquip-ments
ElectricEquip-ments
Total Metals fromAsia★ ☆
OfficeMachi-nary
Passen-gerCars
★ ☆
Crude Oiland
PetroleumProducts
OfficeMachi-nary
toAsia Total Food-
stuff
― 61 ―
〔Foreign Trade Statistics (Continued)〕
CY * 1970 65.9 60.6 - 15.7 15.4 18.6 20.8
* 1975 97.2 123.8 - 25.3 2.0 23.0 -12.5
* 1980 111.3 185.3 - 39.2 17.0 28.5 -5.6
* 1985 111.7 164.3 - 55.7 4.3 31.1 0.3
* 1990 96.1 112.4 - 64.0 5.6 49.6 5.8
* 1995 89.1 76.1 117.1 69.1 3.8 68.3 12.5
* 2000 88.9 79.8 106.2 86.2 9.4 84.4 10.9
2001 93.1 84.3 105.2 78.1 -9.4 82.8 -1.9
2002 91.7 82.3 106.2 84.3 7.9 84.4 1.9
2003 91.5 80.8 108.1 88.4 4.9 90.4 7.1
2004 92.8 83.7 105.7 97.8 10.6 96.7 7.0
2005 98.8 94.2 104.9 98.6 0.8 99.5 2.9
2006 105.1 107.3 97.9 106.3 7.8 103.3 3.8
2007 111.8 116.7 95.8 111.4 4.8 103.2 -0.2
2008 109.6 126.7 86.5 109.7 -1.5 102.5 -0.6
2009 99.8 96.5 103.4 80.5 -26.6 87.8 -14.4
2010 100.0 100.0 100.0 100.0 24.2 100.0 13.9
2011 101.1 109.3 92.5 96.2 -3.8 102.6 2.6
2012 103.3 110.8 93.2 91.6 -4.8 105.0 2.4
2013 114.8 127.0 90.4 90.2 -1.5 105.3 0.3
2014 119.6 133.4 89.7 90.7 0.6 106.0 0.6
2015 125.0 125.3 99.8 89.8 -1.0 103.0 -2.8
2016 115.5 105.9 109.1 90.0 0.3 102.6 -0.3
2015. July-Sept. 126.3 125.9 100.3 89.1 -2.9 104.1 -1.9
2015. Oct.-Dec. 124.0 120.1 103.2 90.2 -4.0 104.1 -2.5
2016. Jan.-Mar. 119.0 110.1 108.1 87.3 -3.3 102.8 -1.0
2016. Apr.-June 114.4 104.0 110.0 88.2 -1.3 98.5 -1.4
2016. July-Sept. 112.2 102.2 109.8 90.0 1.0 103.4 -0.6
2016. Oct.-Dec. 116.2 107.3 108.3 94.5 4.7 105.8 1.6
2017. Jan.-Mar. 122.8 116.9 105.0 91.8 5.2 105.1 2.2
2016. Mar. 117.4 104.4 112.5 97.9 -1.0 108.0 5.0
2016. Apr. 116.3 104.7 111.1 90.2 -4.7 95.8 -7.5
2016. May 112.4 103.3 108.8 80.6 -2.4 98.3 3.6
2016. June 114.3 103.9 110.0 93.9 3.1 101.4 0.4
2016. July 111.4 101.8 109.4 91.5 -2.4 101.4 -4.0
2016. Aug. 113.2 101.7 111.3 83.6 0.8 103.9 3.9
2016. Sept. 112.1 103.2 108.6 94.8 4.7 104.9 -1.6
2016. Oct. 113.5 104.1 109.0 92.1 -1.4 102.3 -2.5
2016. Nov. 114.2 105.9 107.8 92.8 7.4 108.3 3.6
2016. Dec. 120.7 111.9 107.9 98.5 8.4 106.7 3.6
2017. Jan. 123.5 117.0 105.6 78.2 -0.3 109.9 6.3
2017. Feb. 121.6 117.6 103.4 92.9 8.3 93.0 -4.3
2017. Mar. 123.3 116.2 106.1 104.4 6.6 112.5 4.2
2017. Apr. 120.0 P 114.9 P 104.4 93.9 4.1 P 100.5 P 5.0
(※) Base year changed in August 2013.
2010 = 100 (※) %
Released by Ministry of Finance
Indexes of TradeUnit Value Quantum Index
Exports ImportsTerms
Classification ofTrade
Exports Imports★ ★
〔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
2001 10,452.4 3,212.0 8,846.9 46,036.7 -6.0 37,189.8 2.5 -5,634.9 8,200.9 -960.4
2002 13,683.7 6,469.0 12,121.1 48,902.9 6.2 36,781.7 -1.1 -5,652.1 7,810.5 -595.8
2003 16,125.4 8,355.3 12,463.1 51,329.2 5.0 38,866.0 5.7 -4,107.8 8,639.8 -869.7
2004 19,694.1 10,196.1 14,423.5 57,703.6 12.4 43,280.1 11.4 -4,227.4 10,348.8 -850.9
2005 18,727.7 7,693.0 11,771.2 63,009.4 9.2 51,238.2 18.4 -4,078.2 11,850.3 -815.7
2006 20,330.7 7,346.0 11,070.1 72,026.8 14.3 60,956.7 19.0 -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 -4,362.0 16,481.8 -1,358.1
2008 14,878.6 1,889.9 5,803.1 77,611.1 -3.0 71,808.1 9.1 -3,913.1 14,340.2 -1,351.5
2009 13,592.5 2,124.9 5,387.6 51,121.6 -34.1 45,734.0 -36.3 -3,262.7 12,631.2 -1,163.5
2010 19,382.8 6,857.1 9,516.0 64,391.4 26.0 54,875.4 20.0 -2,658.8 13,617.3 -1,091.7
2011 10,401.3 -3,110.1 -330.2 62,965.3 -2.2 63,295.5 15.3 -2,779.9 14,621.0 -1,109.6
2012 4,764.0 -8,082.9 -4,271.9 61,956.8 -1.6 66,228.7 4.6 -3,811.0 13,991.4 -1,144.5
2013 4,456.6 -12,252.1 -8,773.4 67,829.0 9.5 76,602.4 15.7 -3,478.6 17,697.8 -989.2
2014 3,921.5 -13,498.8 -10,465.3 74,074.7 9.2 84,540.0 10.4 -3,033.5 19,414.8 -1,994.5
2015 16,235.1 -2,816.9 -886.2 75,274.2 1.6 76,160.4 -9.9 -1,930.7 21,018.9 -1,966.9
2016 20,342.1 4,377.1 5,525.1 68,979.7 -8.4 63,454.6 -16.7 -1,148.0 18,101.1 -2,136.1
2015. July-Sept. 4,909.4 -700.2 -429.0 18,809.6 2.3 19,238.6 -7.6 -271.2 6,118.8 -509.1
2015. Oct.-Dec. 3,146.1 -620.6 15.3 18,553.7 -7.2 18,538.5 -14.8 -635.8 4,179.3 -412.6
2016. Jan.-Mar. 5,930.0 1,087.3 848.6 17,344.7 -10.9 16,496.1 -16.8 238.7 5,501.2 -658.5
2016. Apr.-June 4,550.2 988.2 1,475.8 16,526.1 -10.4 15,050.3 -18.9 -487.6 4,051.4 -489.5
2016. July-Sept. 5,774.3 1,139.0 1,486.0 16,736.5 -11.0 15,250.5 -20.7 -347.0 5,184.5 -549.2
2016. Oct.-Dec. 4,087.6 1,162.6 1,714.6 18,372.3 -1.0 16,657.7 -10.1 -552.0 3,363.9 -439.0
2017.P Jan.-Mar. 5,786.9 969.7 1,088.9 19,017.0 9.6 17,928.1 8.7 -119.2 5,435.7 -618.6
2016. Mar. 2,972.2 1,140.0 877.1 6,336.7 -11.2 5,459.6 -15.8 263.0 2,159.1 -326.9
2016. Apr. 1,816.1 271.2 682.5 5,616.7 -9.9 4,934.2 -22.7 -411.3 1,745.2 -200.2
2016. May 1,757.6 112.7 30.8 5,063.6 -11.7 5,032.8 -13.1 81.9 1,893.6 -248.7
2016. June 976.5 604.4 762.5 5,845.8 -9.7 5,083.3 -20.3 -158.1 412.7 -40.6
2016. July 1,939.6 397.2 600.7 5,556.0 -15.4 4,955.3 -25.9 -203.5 1,693.5 -151.1
2016. Aug. 1,970.4 167.5 218.0 5,300.0 -9.7 5,081.9 -18.4 -50.6 1,981.1 -178.1
2016. Sept. 1,864.3 574.3 667.2 5,880.5 -7.8 5,213.3 -17.6 -92.9 1,510.0 -220.0
2016. Oct. 1,546.6 239.0 565.9 5,749.0 -9.4 5,183.1 -15.9 -326.9 1,474.9 -167.3
2016. Nov. 1,426.7 403.5 340.0 5,941.8 0.0 5,601.7 -10.7 63.5 1,204.9 -181.7
2016. Dec. 1,114.3 520.1 808.7 6,681.5 6.7 5,872.8 -3.7 -288.6 684.1 -90.0
2017.P Jan. 65.5 -1,089.2 -853.4 5,517.3 2.9 6,370.7 9.9 -235.7 1,265.5 -110.8
2017.P Feb. 2,813.6 1,013.0 1,076.8 6,333.9 12.2 5,257.0 0.3 -63.9 1,975.1 -174.5
2017.P Mar. 2,907.7 1,045.9 865.5 7,165.9 13.1 6,300.4 15.4 180.4 2,195.1 -333.3
2017.P Apr. 1,951.9 258.9 553.6 6,178.6 10.0 5,625.0 14.0 -249.7 1,848.0 -155.1
(※) Figures are based on the IMF Balance of Payments Manual 6th Edition.Released by Ministry of Finance
Balance of Payments (IMF Basis Not-seasonally Adjusted) (※)Current Account
Goods and ServicesPrimaryIncome
Second-ary
IncomeTrade Balance
ServicesExports Imports
Billion Yen %Billion
Yen % Billion Yen
― 62 ―
〔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
2001 -346.2 10,562.9 3,700.1 5,629.1 -185.3 -3,517.5 4,936.4 456.7 - - - - - - - - - - 401,959 113.85 ~ 131.80 121.58
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 21,592.0 15,847.6 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 28,698.5 14,562.4 30,354.3 -1,723.5 -13,916.6 -578.0 9,099.7 - - - - - - - - - - 1,216,903 99.80 ~ 121.30 108.77
2015. July-Sept. -65.2 5,562.6 4,472.9 10,930.9 -205.4 -9,848.0 212.2 718.4 3,924.3 -772.4 -527.1 18,977.9 1.7 19,505.0 1.8 -245.3 5,294.1 -597.4 1,248,936 119.06 ~ 125.20 122.31
2015. Oct.-Dec. -47.1 4,366.0 3,766.8 -1,591.0 146.9 1,909.0 134.3 1,267.1 4,441.8 -104.0 269.7 18,342.2 -3.3 18,072.5 -7.3 -373.7 5,044.5 -498.7 1,233,214 116.91 ~ 123.39 120.61
2016. Jan.-Mar. -561.8 9,011.0 3,540.1 20,113.6 -1,219.8 -13,440.9 18.1 3,642.8 5,170.1 799.6 943.8 17,086.7 -6.8 16,142.9 -10.7 -144.1 4,896.8 -526.4 1,262,099 111.30 ~ 121.30 115.32
2016. Apr.-June 3.7 6,979.6 1,852.7 4,424.5 -1,192.6 1,982.4 -87.4 2,425.8 4,740.8 790.9 1,158.3 16,771.0 -1.8 15,612.7 -3.3 -367.4 4,487.5 -537.6 1,265,402 101.50 ~ 112.20 108.07
2016. July-Sept. -86.4 10,496.0 4,875.8 10,230.5 -901.8 -3,587.7 -120.9 4,808.1 4,858.5 1,095.1 1,460.8 16,874.1 0.6 15,413.2 -1.3 -365.8 4,376.6 -613.1 1,260,145 99.80 ~ 107.21 102.37
2016. Oct.-Dec. -98.8 2,211.9 4,293.8 -4,414.2 1,590.6 1,129.6 -387.9 -1,776.9 5,146.4 1,453.0 1,709.7 18,005.0 6.7 16,295.3 5.7 -256.7 4,228.8 -535.4 1,216,903 101.41 ~ 118.20 109.43
2017. Jan.-Mar. P -66.8 5,265.0 5,669.3 -4,064.5 1,196.1 1,297.8 1,166.4 -455.0 5,242.4 775.5 1,328.1 18,936.4 5.2 17,608.3 8.1 -552.6 4,940.5 -473.6 1,230,330 110.39 ~ 117.93 113.56
2016. Apr. 20.4 1,615.7 849.2 -5,262.7 -465.6 6,523.9 -29.2 -220.9 1,620.2 327.4 391.4 5,569.5 -0.8 5,178.2 1.0 -63.9 1,462.7 -170.0 1,262,509 108.02 ~ 112.20 109.88
2016. May -8.0 4,001.3 538.3 6,678.8 -313.9 -3,109.7 207.7 2,251.7 1,531.9 196.1 332.9 5,572.4 0.1 5,239.5 1.2 -136.7 1,540.0 -204.3 1,253,967 106.40 ~ 111.09 109.15
2016. June -8.7 1,362.7 465.2 3,008.3 -413.1 -1,431.8 -265.9 394.9 1,588.8 267.4 434.1 5,629.1 1.0 5,195.0 -0.8 -166.7 1,484.7 -163.3 1,265,402 101.50 ~ 110.69 105.49
2016. July -46.6 4,023.6 476.7 3,214.7 -330.8 870.2 -207.3 2,130.6 1,538.3 265.3 376.9 5,532.4 -1.7 5,155.4 -0.8 -111.7 1,457.7 -184.7 1,264,750 100.72 ~ 107.21 103.90
2016. Aug. -12.9 3,124.4 -121.1 6,557.7 -402.3 -2,879.3 -30.6 1,166.9 1,805.4 465.8 577.9 5,671.4 2.5 5,093.5 -1.2 -112.1 1,541.7 -202.2 1,256,053 99.80 ~ 102.96 101.27
2016. Sept. -26.9 3,348.0 4,520.2 458.0 -168.7 -1,578.6 117.1 1,510.6 1,514.9 364.0 505.9 5,670.3 -0.0 5,164.3 1.4 -142.0 1,377.2 -226.3 1,260,145 100.58 ~ 103.92 102.04
2016. Oct. -79.0 786.6 1,554.6 3,125.4 -92.5 -3,306.3 -494.6 -681.1 1,744.8 488.3 529.3 5,806.0 2.4 5,276.7 2.2 -41.0 1,440.6 -184.1 1,242,792 101.41 ~ 105.25 103.82
2016. Nov. -9.9 1,184.2 632.6 -2,340.2 486.3 2,228.4 177.1 -232.6 1,729.6 548.0 623.5 6,014.1 3.6 5,390.5 2.2 -75.5 1,370.9 -189.3 1,219,291 101.90 ~ 113.75 108.18
2016. Dec. -9.9 241.2 2,106.6 -5,199.4 1,196.8 2,207.5 -70.4 -863.2 1,671.9 416.7 556.8 6,184.9 2.8 5,628.1 4.4 -140.2 1,417.2 -162.0 1,216,903 113.40 ~ 118.20 115.95
2017. Jan. P -23.5 -1,535.1 1,111.0 -4,713.7 591.6 377.5 1,098.6 -1,577.1 1,217.3 14.5 154.8 6,152.2 -0.5 5,997.4 6.6 -140.3 1,350.8 -148.0 1,231,573 112.78 ~ 117.93 114.73
2017. Feb. P -11.9 1,775.2 2,135.5 -2,864.2 375.8 1,676.2 451.9 -1,026.5 2,293.9 600.6 830.8 6,489.9 5.5 5,659.1 -5.6 -230.2 1,899.0 -205.7 1,232,340 111.85 ~ 114.33 113.06
2017. Mar. P -31.5 5,024.9 2,422.8 3,513.4 228.7 -755.9 -384.1 2,148.6 1,731.2 160.4 342.4 6,294.3 -3.0 5,951.8 5.2 -182.1 1,690.8 -119.9 1,230,330 110.39 ~ 115.20 113.01
2017. Apr. P -3.2 1,070.5 465.8 -7,308.0 -453.2 8,057.7 308.3 -878.2 1,807.4 336.5 261.9 6,226.5 -1.1 5,964.6 0.2 74.6 1,594.8 -123.9 1,242,295 108.30 ~ 111.42 110.08
2017. May - - - - - - - - - - - - - - - - - - 1,251,868 110.85 ~ 114.15 112.21
#
Gold & Foreign Exchange Reserves: Figures are end of year or month.
Foreign ExchangeRates
CapitalAccount
Financial Account Net Errors
andOmissions
Current Account (Seasonally Adjusted)
DirectInvest-ment
PortfolioInvest-ment
FinancialDerivatives(other thanReserves)
Trade BalanceServices
IncludingGold
TrancheExports
Balance of Payments (IMF Basis) Continued (※) Gold &Foreign
ExchangeReserves
ImportsHigh-Low
Billion Yen MillionDollar Yen Per 1 Dollar
OtherInvest-ment
ReserveAssets
Goods and ServicesPrimaryIncome
Second-ary
Income
Inter-Bank RatesU.S.Dollar Spot
Central rate
Billion Yen Billion Yen %Billion
Yen %
Released by Ministry of Finance Bank of Japan(※) Figures are based on the IMF Balance of Payments Manual 6th Edition.
# Figures are calculated by Policy Planning and Research Division , Minister's Secretariat, Ministry of Finance.
― 63 ―
〔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 2.9 2.7 3.5 2.2 3.0 3.0 3.9 27,416.5 2.1 2.7 53.5 8,045.0 6.5 8.3 15.7 163.2 *** *** 0.3 2,519.4 -5.5 -4.8 4.9
1996 52,580.7 45,065.0 2.6 2.3 3.1 2.7 2.9 2.6 3.2 2.6 28,000.8 2.1 3.1 53.3 8,347.7 3.8 5.5 15.9 219.3 *** *** 0.4 2,815.7 11.8 11.1 5.4
1997 53,414.3 45,550.1 1.6 0.8 1.1 0.0 1.7 0.9 0.9 0.1 28,519.2 1.9 1.1 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 -1.3 -1.1 -0.8 -1.2 -1.5 -1.0 -0.8 28,349.0 -0.6 -1.1 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 -0.3 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 46,171.1 1.4 1.3 2.8 2.5 1.6 1.5 2.7 2.6 28,658.9 0.6 2.8 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 46,358.7 -0.7 -1.8 0.4 -0.6 -0.6 -1.8 0.4 -0.7 28,893.3 0.8 0.4 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 -0.9 0.1 0.8 28,826.4 -0.2 0.1 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 0.7 1.5 2.1 0.0 0.9 1.5 2.2 28,715.0 -0.4 1.5 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 0.5 2.2 1.5 1.4 0.8 2.3 1.5 28,927.5 0.7 2.2 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 2.1 0.9 1.3 1.3 1.6 29,154.3 0.8 1.7 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 49,657.8 0.5 0.7 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 50,479.3 0.9 0.3 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 49,927.3 -2.1 -4.1 -1.1 -3.5 -2.4 -4.7 -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 47,222.7 -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 49,202.4 2.2 1.4 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 0.2 1.5 0.9 0.6 0.2 1.2 1.0 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 51,369.8 51,048.9 2.1 2.0 0.3 -0.5 2.3 2.3 0.5 0.1 30,011.8 1.2 -0.9 58.4 7,973.7 6.4 5.2 15.5 -33.4 *** *** -0.1 1,595.9 -0.9 -4.3 3.1
2015 52,995.4 51,597.3 3.2 2.7 1.1 1.2 3.4 2.8 2.8 2.7 30,008.2 -0.0 -0.4 56.6 8,135.0 2.0 1.1 15.4 252.2 *** *** 0.5 1,584.3 -0.7 -1.6 3.0
P 2016 53,682.0 52,120.7 1.3 1.1 1.0 1.2 0.7 0.5 1.2 0.9 29,998.5 -0.0 0.4 55.9 8,171.8 0.5 1.3 15.2 101.7 *** *** 0.2 1,659.4 4.7 5.6 3.1
54,020.0 - 1.5 - 1.3 - - - - - 30,100.0 0.4 0.7 - 8,230.0 1.3 2.1 - 160.0 * -0.2 * -0.2 - 1,670.0 5.1 5.4 -
55,350.0 - 2.5 - 1.5 - - - - - 30,580.0 1.6 0.8 - 8,630.0 4.8 3.4 - 180.0 * 0.1 * 0.0 - 1,700.0 1.7 0.1 -
2013. July-Sept. 50,688.9 51,211.3 0.9 - 0.6 - 0.5 - 0.3 - 29,786.4 0.5 0.1 58.8 7,642.6 2.3 2.0 15.1 -95.6 *** *** -0.2 1,632.6 4.4 3.4 3.2
2013. Oct.-Dec. 50,611.0 51,164.4 -0.2 - -0.1 - -0.2 - -0.4 - 29,849.6 0.2 -0.2 59.0 7,774.2 1.7 1.5 15.4 -0.5 *** *** -0.0 1,706.2 4.5 3.6 3.4
2014. Jan.-Mar. 51,245.0 51,722.3 1.3 - 1.1 - 1.1 - 0.8 - 30,668.2 2.7 2.4 59.8 7,993.8 2.8 2.4 15.6 -298.8 *** *** -0.6 1,742.0 2.1 1.9 3.4
2014. Apr.-June 51,259.8 50,741.8 0.0 - -1.9 - 0.2 - -1.5 - 29,639.4 -3.4 -4.9 57.8 7,880.7 -1.4 -1.7 15.4 238.3 *** *** 0.5 1,625.9 -6.7 -9.1 3.2
2014. July-Sept. 51,228.8 50,661.4 -0.1 - -0.2 - 0.3 - 0.3 - 29,763.5 0.4 0.3 58.1 7,981.5 1.3 1.0 15.6 -1.9 *** *** -0.0 1,511.8 -7.0 -7.1 3.0
2014. Oct.-Dec. 51,707.2 51,036.1 0.9 - 0.7 - 1.3 - 1.3 - 29,921.7 0.5 0.6 57.9 8,039.3 0.7 0.5 15.5 -53.0 *** *** -0.1 1,514.1 0.2 0.2 2.9
2015. Jan.-Mar. 52,801.2 51,621.6 2.1 - 1.1 - 1.6 - 1.6 - 30,014.6 0.3 0.5 56.8 8,164.2 1.6 1.2 15.5 134.4 *** *** 0.3 1,562.8 3.2 3.0 3.0
2015. Apr.-June 52,949.7 51,583.9 0.3 - -0.1 - 0.6 - 0.4 - 29,954.6 -0.2 -0.4 56.6 8,093.8 -0.9 -1.1 15.3 363.1 *** *** 0.7 1,576.2 0.9 1.1 3.0
2015. July-Sept. 53,198.3 51,675.2 0.5 - 0.2 - 0.4 - 0.4 - 30,134.1 0.6 0.5 56.6 8,144.8 0.6 0.6 15.3 242.0 *** *** 0.5 1,605.1 1.8 1.6 3.0
2015. Oct.-Dec. 53,051.7 51,548.9 -0.3 - -0.2 - -0.2 - -0.2 - 29,930.8 -0.7 -0.6 56.4 8,125.6 -0.2 0.1 15.3 276.3 *** *** 0.5 1,592.0 -0.8 -0.8 3.0
2016. Jan.-Mar. 53,535.0 51,863.1 0.9 - 0.6 - 0.5 - 0.9 - 29,913.6 -0.1 0.3 55.9 8,091.0 -0.4 -0.1 15.1 125.1 *** *** 0.2 1,599.8 0.5 1.2 3.0
2016.P Apr.-June 53,637.2 52,070.3 0.2 - 0.4 - -0.1 - 0.3 - 29,931.7 0.1 0.2 55.8 8,165.8 0.9 1.3 15.2 213.2 *** *** 0.4 1,640.5 2.5 3.1 3.1
2016.P July-Sept. 53,680.2 52,203.6 0.1 - 0.3 - -0.0 - 0.0 - 30,009.3 0.3 0.4 55.9 8,129.1 -0.4 -0.2 15.1 88.0 *** *** 0.2 1,687.2 2.8 2.6 3.1
2016.P Oct.-Dec. 53,899.0 52,383.7 0.4 - 0.3 - 0.3 - -0.1 - 30,138.1 0.4 0.0 55.9 8,303.7 2.1 1.9 15.4 -14.5 *** *** -0.0 1,704.8 1.0 0.2 3.2
2017.P Jan.-Mar. 53,740.2 52,515.1 -0.3 - 0.3 - -0.1 - -0.1 - 30,182.0 0.1 0.3 56.2 8,391.2 1.1 0.6 15.6 -113.9 *** *** -0.2 1,720.6 0.9 0.3 3.2
(※) National Accounts: Figures are based on the System of National Accounts 2008 and Quarterly Estimates of GDP: January - March 2017. (the 2nd preliminary) (1980~1993: chain-linked, base year = 2000、1994~: chain-linked, base year = 2011) (#) FY2016, 2017: The government decided on January 20, 2017 the "Fiscal 2017 Economic Outlook and Basic Stance for Economic and Fiscal Management" at the Cabinet *: Contribution to Change of Gross Domestic Expenditures by Component.
☆Percen-tagedistribu-tion
☆Percen-tagedistribu-tion
Gross DomesticProduct
(Expenditure) (※)
●Gross National Income
(※) ●Gross Domestic Product (Expenditure) (※) ●
Private Consumption Gross Private Capital Formation
□ □Private Non-Resi. Inventment Private Inventory Private Residential Investment
☆Percen-tagedistribu-tion
☆
%
FY 2016 (#)FY 2017 (#)
Released by Cabinet Office
10 Billion Yen % %
10BillionYen
10BillionYen
10BillionYen
10BillionYen% % %
Percen-tagedistribu-tion
― 64 ―
〔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
1996 12,969.2 4.1 3.7 24.7 8,122.8 3.2 2.3 15.4 4,846.4 5.6 6.2 9.2 4,984.2 8.4 4.8 9.5 4,756.2 20.4 11.0 9.0 38,738.0 3,082 10.3
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 2,944 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 2,788 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 2,824 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 2,915 0.2
2014 13,088.7 2.4 0.7 25.5 10,356.1 2.1 0.5 20.2 2,732.6 3.9 1.1 5.3 9,013.5 12.6 9.3 17.5 10,280.3 12.1 8.3 20.0 37,531.3 2,952 -0.8
2015 13,238.4 1.1 0.8 25.0 10,533.5 1.7 1.7 19.9 2,704.9 -1.0 -2.4 5.1 9,357.1 3.8 2.9 17.7 9,579.7 -6.8 0.8 18.1 38,742.7 3,051 0.3
P 2016 13,230.2 -0.1 0.5 24.6 10,626.3 0.9 1.3 19.8 2,603.9 -3.7 -2.8 4.9 8,676.6 -7.3 1.2 16.2 8,156.2 -14.9 -2.3 15.2 0.0 0 0.0
13,400.0 1.0 1.1 - 10,710.0 1.0 1.1 - 2,690.0 0.7 1.1 - 8,590.0 -6.3 0.8 - 8,130.0 -11.3 -1.2 - 39,340.0 - -
13,720.0 2.4 1.6 - 10,880.0 1.6 1.0 - 2,840.0 5.4 4.2 - 9,100.0 5.9 3.2 - 8,570.0 5.3 2.6 - 40,420.0 - -
2013. July-Sept. 12,865.8 1.1 0.9 25.4 10,187.1 0.3 0.1 20.1 2,678.7 4.5 4.3 5.3 8,192.3 1.6 -0.1 16.2 9,335.2 3.8 2.1 18.4 9,105.6 - -2.1
2013. Oct.-Dec. 12,904.3 0.3 0.4 25.5 10,157.4 -0.3 0.1 20.1 2,746.9 2.5 1.7 5.4 8,150.5 -0.5 -0.2 16.1 9,773.5 4.7 3.0 19.3 9,910.1 - 5.9
2014. Jan.-Mar. 12,975.6 0.6 0.0 25.3 10,231.4 0.7 0.2 20.0 2,744.2 -0.1 -0.7 5.4 8,660.0 6.3 6.2 16.9 10,495.8 7.4 6.2 20.5 9,254.3 - -11.5
2014. Apr.-June 13,019.2 0.3 -1.3 25.4 10,350.5 1.2 -0.6 20.2 2,668.7 -2.8 -4.4 5.2 8,732.0 0.8 0.9 17.0 9,875.8 -5.9 -4.1 19.3 9,167.5 - 2.1
2014. July-Sept. 13,148.0 1.0 0.8 25.7 10,418.5 0.7 0.5 20.3 2,729.5 2.3 1.7 5.3 9,071.1 3.9 1.4 17.7 10,245.2 3.7 1.6 20.0 9,073.1 - -1.1
2014. Oct.-Dec. 13,183.7 0.3 0.3 25.5 10,432.2 0.1 0.2 20.2 2,751.6 0.8 1.1 5.3 9,567.9 5.5 3.4 18.5 10,466.5 2.2 1.1 20.2 10,036.5 - 5.9
2015. Jan.-Mar. 13,212.8 0.2 0.4 25.0 10,491.8 0.6 0.9 19.9 2,721.0 -1.1 -1.6 5.2 9,518.0 -0.5 1.5 18.0 9,805.7 -6.3 1.1 18.6 9,554.8 - -7.2
2015. Apr.-June 13,239.0 0.2 0.2 25.0 10,490.7 -0.0 0.1 19.8 2,748.3 1.0 0.2 5.2 9,280.8 -2.5 -4.0 17.5 9,557.8 -2.5 -2.7 18.1 9,550.1 - 1.5
2015. July-Sept. 13,240.0 0.0 0.0 24.9 10,536.5 0.4 0.4 19.8 2,703.4 -1.6 -1.4 5.1 9,525.3 2.6 2.2 17.9 9,693.0 1.4 2.5 18.2 9,377.1 - -1.3
2015. Oct.-Dec. 13,275.7 0.3 0.3 25.0 10,620.4 0.8 0.7 20.0 2,655.3 -1.8 -1.5 5.0 9,104.2 -4.4 -0.2 17.2 9,252.9 -4.5 -0.3 17.4 10,260.8 - 7.1
2016. Jan.-Mar. 13,378.8 0.8 1.1 25.0 10,750.2 1.2 1.4 20.1 2,628.6 -1.0 0.3 4.9 8,756.7 -3.8 0.5 16.4 8,330.0 -10.0 -2.0 15.6 9,658.1 - -5.3
2016.P Apr.-June 13,208.1 -1.3 -0.9 24.6 10,564.8 -1.7 -1.2 19.7 2,643.2 0.6 0.3 4.9 8,463.3 -3.4 -1.4 15.8 7,985.4 -4.1 -1.1 14.9 - - 0.0
2016.P July-Sept. 13,193.0 -0.1 -0.1 24.6 10,584.0 0.2 0.2 19.7 2,609.0 -1.3 -1.3 4.9 8,491.8 0.3 1.9 15.8 7,918.1 -0.8 -0.2 14.8 - - 0.0
2016.P Oct.-Dec. 13,163.4 -0.2 -0.6 24.4 10,616.3 0.3 0.0 19.7 2,547.2 -2.4 -3.0 4.7 8,974.8 5.7 3.4 16.7 8,371.3 5.7 1.3 15.5 - -
2017.P Jan.-Mar. 13,167.2 0.0 -0.0 24.5 10,615.7 -0.0 -0.0 19.8 2,551.5 0.2 -0.2 4.7 9,425.6 5.0 2.1 17.5 9,032.6 7.9 1.4 16.8 - -
(※) National Accounts: Figures are based on the System of National Accounts 2008 and Quarterly Estimates of GDP: January - March 2017. (the 2nd preliminary) (1980~1993: chain-linked, base year = 2000、1994~: chain-linked, base year = 2011)(#) FY2016, 2017: The government decided on January 20, 2017 the "Fiscal 2017 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
Gross Domestic Product (Continued) (※) ● National Income (*)Savings
ratio
(*)
Government Expenditures Exports of Goods and Services Imports of Goods and ServicesGovernment Consumption Capital Formation including
Inventories☆
Percen-tagedistribu-tion
☆Percen-tagedistribu-tion
☆Percen-tagedistribu-tion
☆
%
☆Percen-tagedistribu-tion
PerCapita
Released by Cabinet Office
% 10 Billion Yen Thousand Yen %
FY 2016 (#)FY 2017 (#)
10 BillionYen
10 BillionYen
10 BillionYen
10 BillionYen
10 BillionYen
% % %
― 65 ―
〔Enterprises Profits〕
★ ★ ★
2013. Oct.-Dec. 3.8 26.6 4.0
2014. Jan.-Mar. 5.6 20.2 7.4
2014. Apr.-June 1.1 4.5 3.0
2014. July-Sept. 2.9 7.6 5.5
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.-June2017. July-Sept.2017. Oct.-Dec.2018. Jan.-Mar.
(※1) 'TANKAN' (All Industries.) : * The figures are forecasted in the survey in March, 2017. (※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 Network. The 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 Finance and 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)
★ ★
% %
FY 1985
1990 9.2 -2.0 14.1
-5.7 -14.4 2.68 4.046.9 4.2 12.8 2.3 0.3
1995 3.2 20.2
6.7 9.6 1.1 -1.9 3.41 5.15
2.67 3.81
2000
3.9 1.4 2.6 19.1 27.9
18.0 32.3 2.87 4.613.7 33.2 8.6
2005 6.2 15.6 -3.9
2.8 4.9
2011 -0.3 3.5
4.8 6.7 12.3 16.5 4.01 6.48
3.42 4.11-3.2
2012
0.7 2.2 0.4 -11.7
2013 2.5 23.1 6.6
7.2 12.4 3.65 4.64-0.5 7.0 4.0 0.6 -0.4
2014 2.7 8.3
5.5 7.1 28.4 48.7 4.44 6.45
4.63 7.385.9 11.5
2015
7.8 0.6 1.3
* -0.3
2016 [-1.1] [-2.2] [1.8]
4.8 -5.3 4.91 7.15-1.1 5.6 7.1 -1.3 -2.3
[3.9] * 1.3 * 1.4 * -1.12017 [2.1] [0.1]
* -2.4 * -3.4 * -4.1 * -11.4 * 4.82 * 6.55
* 4.70 * 6.44
23.7 4.36 6.01
2014・1H 2.3 2.2 4.4 3.1 4.57 7.22
2013・2H 7.9 10.0 21.7
2015・1H 0.0 0.1 16.0 14.5 5.30 8.26
2014・2H -0.9 0.5 7.3 20.2 4.68 7.53
2016・1H -4.1 -6.1 -9.8 -26.9 4.98 6.42
2015・2H -2.5 -4.5 -5.4 -23.0 4.54 6.07
2017・1H [2.6] [5.6] [11.1]
* -4.6 * 4.57 * 6.29
2016・2H * -0.7 * -0.8 * 2.2 * 9.1 * 4.67 * 6.68
Released by Ministry of Finance Bank of Japan
2017・2H [1.7] [-4.4] [-1.9] * 1.0 * 1.2 * -1.1
* 1.7 * 1.7 * -1.1 * 4.6 * 4.84 * 6.61
― 66 ―
MONTHLY FINANCE REVIEW
Published by Information Service Department Policy Research Institute Ministry of Finance 3-1-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8940 JAPAN
URL http://www.mof.go.jp/english/pri/publication/mf_review/index.htm
Printed in Japan