Country Report - 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 then 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.

Real GDP growth (%)

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

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General Information

Capital - Tokyo
Currency - Yen
Population - 127.4 million
 
Main import sources (2010, % of total)

• China - 22.1%  
• USA - 9.7%
• Australia - 6.5%
• Saudi Arabia - 5.2% 

Main export markets (2010, % of total)

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

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Date May 2011