APIR provides weekly and monthly assessments of current economic conditions and future outlooks for the United States and Japan. We also provide detailed quarterly predictions for the economies of Kansai and Japan..
Asia Pacific Economic Forecast：Quarterly Report（Kansai）
Asia Pacific Economic Forecast
- [ Quarterly Report（Kansai） ] AUTHORINADA, Yoshihisa / KARAVASILEV, Yani DATE2019-06-11
Kansai economy, Quarterly report, CQM
Some sectors of the economy are robust but the outlook remains uncertain, dimmed by US-China trade frictions and the upcoming consumption tax hike.▶ In 2019Q1 Japan’s real GDP registered the second consecutive quarter of positive growth, expanding +0.5% QoQ (+2.1% ｉｆ annualized). ▶ Although some sectors of Kansai’s economy remained robust in 2019Q1, there are growing risks of recession. ▶ Our forecast for Kansai’s real GRP growth in FY2019 is +0.7%. Private demand is expected to contribute +0.5%pt, government spending +0.3%pt, and external demand -0.1%pt. ▶ We forecast a +0.4% real GRP growth in Kansai in FY2020. The expected contributions are +0.3%pt for private demand, +0.3%pt for government spending, and -0.1%pt for external demand.