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Japan Real GDP ×

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Cabinet Office releases real GDP that comprises private consumption, government spending, fixed capital formation, inventory change, and net export.

Cabinet office provides both non-seasonally adjusted year-on-year growth (YoY, NSA) and seasonally adjusted annualized rate (SAAR). YoY means it compares with the same period last year, while SAAR compares with the previous quarter.

From 2010 onward, Japanese GDP has been volatile as a result of natural disasters and new policies:
2010: BOJ announced its asset-purchasing program
2011: Tohoku earthquakes and tsunami tipped Japan into recession
2012: BOJ announced its loan support program
2013: Abe proposed the "three arrows of Abenomics" and BOJ launched its Quantitative and Quantitative Easing (QQE) program
2014: The government raised consumption taxes from 5% to 8%
2016: BOJ introduced a new monetary policy framework dubbed Yield Curve Control (YCC)

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Latest Stats
  • Japan Real GDP (NSA, YoY)
    2021 Q2
    7.60 %
  • Japan Real GDP (SAAR, Percent Change from Preceding Period)
    2021 Q2
    1.90 %
Source
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