redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin play-btn line-arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard

Tokyo Logistics Market Outlook 2015

Japan Major Report | March 2015

Domestic Real GDP growth stood at 0.0% in 2014, well below the 1.7% consensus growth forecasted at the start of the year (source: ESP Forecast Survey published by the Japan Center for Economic Research).

Although companies increased capital expenditure, as they had in 2013, this was offset by sluggish private consumption on the back of consumption tax hike in April and a decline in real wages. However, recent economic indicators suggest an improvement in consumer sentiment, reflecting the recent drop in fuel prices and increasing expectations of wage growth on the back of rising corporate earnings, which are forecasted to reach a historical high in FY2015. As such, real GDP growth is expected to stand at around 1% in 2015, driven mainly by a further increase in capital expenditure as well as a recovery in private consumption and an increase in net exports.


Contacts


Hiroshi Okubo
+81 3 5288 9799
Head of Research, Japan
Email​​


Infographic


 

 


Tokyo Logistics Market Outlook 2015

首都圏物流マーケットアウトルック2015

Real Estate Market Outlook 2015