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Country Report Japan

 

 

Summary of Country Report

Japan - May 2011

 Map of Japan


Severe impacts on Japan's economy, but global repercussions remain limited

  • Limited impact on the global consumer electronics industry, while prices for ICT products could rise.
  • Japanese economy hit harder than expected by the recent disaster, but reconstruction efforts should drive growth in H2 of 2011.
  • Downside risks (stronger Yen, high commodity prices, further nuclear fallout) remain.
  • Government faces challenge of financing rebuilding without adding to the world's biggest public debt burden.
  • Corporate insolvencies expected to rise 5%, with more upside risks in Q2 and Q3 of 2011.

 

GDP growth (% change on previous year)

Chart: Japan GDP Growth

Source: Consensus Forecasts (Survey date May 9, 2011)

 

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General Information

Capital: Tokyo
Currency: Yen
Population: 127.4 million
 
Main import sources (2010)

  • China: 22.1%
  • USA: 9.7%
  • Australia: 6.5%
  • Saudi Arabia: 5.2%
  • Mexico: 3.0%

Main export markets (2010)

  • China: 19.4%
  • USA: 15.4%
  • Korea: 8.1%
  • Taiwan: 6.8%

 _________________
Date: May 2011

 

 

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