Forecast updates

▶ Our forecast for Japan’s real GDP growth in 2021 Q2 is an annualized +0.4%.

▶ We forecast a GDP deflator of -0.6% QoQ in 2021 Q2.

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Outlook: Kansai’s economy is back on track to recovery. The vaccine rollout is expected to play a key role in the recovery of private consumption. 

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Forecast updates

▶ Our forecast for Japan’s real GDP growth in 2021 Q2 is an annualized -1.1%.

▶ We forecast a GDP deflator of -0.6% QoQ in 2021 Q2.

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Forecast updates

▶ Our forecast for Japan’s real GDP growth in 2021 Q2 is an annualized +0.7%.

▶ We forecast a GDP deflator of -0.9% QoQ in 2021 Q2.

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Outlook: Kansai’s economy back on track to recovery but prospects overshadowed by new state of emergency. 

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Forecast updates

▶ Our forecast for Japan’s real GDP growth in 2021 Q1 is an annualized -4.7%.

▶ We forecast a GDP deflator of -0.3% QoQ in 2021 Q1.

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Outlook: Kansai’s economy is on track to recovery but resurging infections are likely to undermine spending on services

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Forecast updates

▶ Our forecast for Japan’s real GDP growth in 2021 Q1 is an annualized -7.5%.

▶ We forecast a GDP deflator of -0.3% QoQ in 2021 Q1.

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Outlook: Kansai’s economy expected to recover but resurging infections pose risks

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Forecast updates

▶ Our forecast for Japan’s real GDP growth in 2021 Q1 is an annualized -1.8% QoQ.

▶ We forecast a GDP deflator of -0.1% QoQ in 2021 Q1.

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Outlook: Kansai’s economy expected to recover after bottoming out

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Forecast updates

▶ Our forecast for Japan’s real GDP growth in 2020 Q4 is an annualized +12.8% QoQ.

▶ We forecast a GDP deflator of -0.4% QoQ in 2020 Q4.

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Outlook: Kansai’s economy expected to recover after bottoming out

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Forecast updates

▶ Our forecast for Japan’s real GDP growth in 2020 Q4 is an annualized +11.7% QoQ.

▶ We forecast a GDP deflator of -0.4% QoQ in 2020 Q4.

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Outlook: Kansai’s economy shows signs of recovery after bottoming out

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Outlook: Kansai’s economy shows signs of recovery after bottoming out

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Forecasts updates
▶ Our latest forecast for Japan’s real GDP growth in 2020 Q3 is an annualized +18.9% QoQ.

▶ We forecast a GDP deflator of -0.2% QoQ in 2020 Q3.

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Outlook: Kansai’s economy shows signs of bottoming out

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Outlook: Kansai’s economy keeps deteriorating but shows signs of bottoming out

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Forecasts updates
▶ Our latest forecast for Japan’s real GDP growth in 2020 Q3 is an annualized +12.4% QoQ.

▶ We forecast a PCE deflator of +0.3% QoQ in 2020 Q3. In contrast, our GDP deflator forecast is -0.1% QoQ, reflecting the deteriorating terms of trade.

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