Japan

Overview

Indicator

Last

Reference

Previous

Frequency

0.3%

4 Q 2025

0.1%

Quarterly

1.5%

Mar 2026

1.3%

Monthly

Unemployment Rate

2.6%

Feb 2026

2.7%

Monthly

N/D

Mar 2026

¥57.3 B

Monthly

BoJ Interest Rate Decision

0.8%

0.8%

Economic Calendar

27 April, Monday

Actual

Forecast

Previous

05:00

JPY

05:00

Coincident Index

Act:

116.3

Fcst:

116.3

Prev:

116.3

05:00

Act:

113.3

Fcst:

112.4

Prev:

112.4

05:00

Coincident Index m/m

Act:

-1.8%

Fcst:

Prev:

-1.6%

05:00

Leading Index m/m

Act:

1.3%

Fcst:

Prev:

0.3%

23:30

JPY

23:30

Unemployment Rate

Act:

Fcst:

2.6%

Prev:

2.6%

23:30

Jobs to Applicants Ratio

Act:

Fcst:

1.18

Prev:

1.19

28 April, Tuesday

Actual

Forecast

Previous

02:30

(tent.)

JPY

02:30

(tent.)

BoJ Monetary Policy Statement

Act:

Fcst:

Prev:

02:30

(tent.)

BoJ Outlook Report

Act:

Fcst:

Prev:

02:30

(tent.)

BoJ Interest Rate Decision

Act:

Fcst:

Prev:

0.8%

05:00

JPY

05:00

BoJ Trimmed Mean Core CPI y/y

Act:

Fcst:

2.6%

Prev:

2.2%

05:00

BoJ Weighted Median Core CPI y/y

Act:

Fcst:

1.4%

Prev:

1.7%

06:30

JPY

06:30

BoJ Press Conference

Act:

Fcst:

Prev:

29 April, Wednesday

Actual

Forecast

Previous

23:50

JPY

23:50

Retail Sales m/m

Act:

Fcst:

Prev:

23:50

Retail Sales y/y

Act:

Fcst:

Prev:

23:50

Large Retailer's Sales y/y

Act:

Fcst:

Prev:

23:50

Industrial Production m/m

Act:

Fcst:

2.5%

Prev:

-2.0%

23:50

Industrial Production y/y

Act:

Fcst:

1.9%

Prev:

0.4%

23:50

Industrial Production Forecast 1-month Ahead m/m

Act:

Fcst:

Prev:

3.8%

23:50

Industrial Production Forecast 2-month Ahead m/m

Act:

Fcst:

Prev:

3.3%

30 April, Thursday

Actual

Forecast

Previous

05:00

JPY

05:00

Construction Orders y/y

Act:

Fcst:

43.2%

Prev:

42.7%

05:00

Housing Starts y/y

Act:

Fcst:

-30.1%

Prev:

-4.9%

05:00

Annualized Housing Starts

Act:

Fcst:

Prev:

0.751 M

23:30

JPY

23:30

Act:

Fcst:

1.1%

Prev:

1.4%

23:30

Tokyo CPI excl. Food and Energy y/y

Act:

Fcst:

2.2%

Prev:

2.3%

23:30

Tokyo Core CPI y/y

Act:

Fcst:

0.9%

Prev:

1.7%

23:30

Tokyo CPI s.a. m/m

Act:

Fcst:

Prev:

0.1%

23:50

JPY

23:50

Foreign Bond Investment

Act:

Fcst:

Prev:

¥-12.8 B

23:50

Foreign Investment in Japan Stocks

Act:

Fcst:

Prev:

¥2380.9 B

1 May, Friday

Actual

Forecast

Previous

00:30

JPY

00:30

au Jibun Bank Manufacturing PMI

Act:

Fcst:

50.5

Prev:

51.6

19:30

JPY

19:30

CFTC JPY Non-Commercial Net Positions

Act:

Fcst:

Prev:

-94.5 K

Economic indicators

GDP

Last

Reference

Previous

Frequency

0.3%

4 Q 2025

0.1%

Quarterly

1.3%

4 Q 2025

0.2%

Quarterly

Private Non-Residential Investment q/q

1.3%

4 Q 2025

0.2%

Quarterly

Private Consumption q/q

0.3%

4 Q 2025

0.1%

Quarterly

Net Exports Contribution to GDP q/q

0.0%

4 Q 2025

0.0%

Quarterly

Prices

Last

Reference

Previous

Frequency

GDP Price Index y/y

3.4%

4 Q 2025

3.4%

Quarterly

1.5%

Mar 2026

1.3%

Monthly

CPI excl. Food and Energy y/y

2.4%

Mar 2026

2.5%

Monthly

1.8%

Mar 2026

1.6%

Monthly

1.4%

Mar 2026

1.5%

Monthly

Tokyo CPI excl. Food and Energy y/y

2.3%

Mar 2026

2.5%

Monthly

Tokyo Core CPI y/y

1.7%

Mar 2026

1.8%

Monthly

0.4%

Mar 2026

-0.2%

Monthly

Tokyo CPI s.a. m/m

0.1%

Mar 2026

-0.1%

Monthly

BoJ Corporate Goods Price Index m/m

0.8%

Mar 2026

0.1%

Monthly

BoJ Corporate Goods Price Index y/y

2.6%

Mar 2026

2.1%

Monthly

BoJ Corporate Services Price Index y/y

3.1%

Mar 2026

2.7%

Monthly

BoJ Trimmed Mean Core CPI y/y

2.2%

Feb 2026

2.3%

Monthly

BoJ Weighted Median Core CPI y/y

1.7%

Feb 2026

1.6%

Monthly

Business

Last

Reference

Previous

Frequency

Coincident Index

116.3

Feb 2026

116.3

Monthly

113.3

Feb 2026

112.4

Monthly

Core Machinery Orders m/m

13.6%

Feb 2026

-5.5%

Monthly

Core Machinery Orders y/y

24.7%

Feb 2026

13.7%

Monthly

Coincident Index m/m

-1.8%

Feb 2026

-1.6%

Monthly

Leading Index m/m

1.3%

Feb 2026

0.3%

Monthly

All Industry Activity Index m/m

1.3%

Jul 2020

6.8%

Monthly

Tertiary Industry Activity Index m/m

-0.4%

Feb 2026

1.7%

Monthly

Industrial Production m/m

-2.0%

Feb 2026

-2.1%

Monthly

Industrial Production y/y

0.4%

Feb 2026

0.3%

Monthly

Capacity Utilization Rate

-0.1%

Feb 2026

2.9%

Monthly

Industrial Production Forecast 1-month Ahead m/m

3.8%

Mar 2026

-0.5%

Monthly

Industrial Production Forecast 2-month Ahead m/m

3.3%

Apr 2026

-2.6%

Monthly

BoJ Tankan Large All Industry Capex

3.3%

1 Q 2026

12.6%

Quarterly

BoJ Tankan Large Manufacturing Outlook

14

1 Q 2026

15

Quarterly

BoJ Tankan Large Manufacturing Index

17

1 Q 2026

16

Quarterly

BoJ Tankan Large Non-Manufacturing Outlook

29

1 Q 2026

31

Quarterly

BoJ Tankan Large Non-Manufacturing Index

36

1 Q 2026

36

Quarterly

BoJ Tankan Small All Industry Capex

-8.1%

1 Q 2026

0.1%

Quarterly

BoJ Tankan Small Manufacturing Outlook

4

1 Q 2026

2

Quarterly

BoJ Tankan Small Manufacturing Index

7

1 Q 2026

7

Quarterly

BoJ Tankan Small Non-Manufacturing Outlook

8

1 Q 2026

12

Quarterly

BoJ Tankan Small Non-Manufacturing Index

16

1 Q 2026

17

Quarterly

BSI Large Manufacturing

3.8

1 Q 2026

4.7

Quarterly

Capital Spending y/y

N/D

4 Q 2025

Quarterly

Machine Tool Orders y/y

N/D

Mar 2026

Monthly

Construction Orders y/y

42.7%

Feb 2026

5.7%

Monthly

au Jibun Bank Manufacturing PMI

51.6

Mar 2026

52.8

Monthly

au Jibun Bank Services PMI

53.4

Mar 2026

53.8

Monthly

au Jibun Bank Composite PMI

53.0

Mar 2026

53.9

Monthly

Money

Last

Reference

Previous

Frequency

Economy Watchers Index for Current Conditions

42.2

Mar 2026

48.9

Monthly

Economy Watchers Index for Future Conditions

38.7

Mar 2026

50.0

Monthly

BoJ Monetary Base y/y

-11.6%

Mar 2026

-10.6%

Monthly

BoJ M2 Money Stock y/y

2.0%

Mar 2026

1.7%

Monthly

BoJ Interest Rate Decision

0.8%

0.8%

BoJ M3 Money Stock y/y

1.4%

Mar 2026

1.2%

Monthly

BoJ L Money Stock y/y

2.8%

Mar 2026

2.6%

Monthly

International Reserves

$1374.7 B

Mar 2026

$1410.7 B

Monthly

Consumer

Last

Reference

Previous

Frequency

Consumer Confidence Index

37.2

Dec 2025

Monthly

Retail Sales m/m

N/D

Feb 2026

4.1%

Monthly

Retail Sales y/y

N/D

Feb 2026

1.8%

Monthly

Large Retailer's Sales y/y

N/D

Feb 2026

2.6%

Monthly

Household Spending y/y

-1.8%

Feb 2026

-1.0%

Monthly

Household Spending m/m

1.5%

Feb 2026

-2.5%

Monthly

Labour

Last

Reference

Previous

Frequency

Unemployment Rate

2.6%

Feb 2026

2.7%

Monthly

Labor Cash Earnings y/y

2.4%

Dec 2025

1.7%

Monthly

Jobs to Applicants Ratio

1.19

Feb 2026

1.18

Monthly

Overtime Pay y/y

0.9%

Dec 2025

1.2%

Monthly

-0.1%

Dec 2025

-1.6%

Monthly

Trade

Last

Reference

Previous

Frequency

Adjusted Trade Balance

¥90.7 B

Mar 2026

¥-367.8 B

Monthly

N/D

Mar 2026

¥57.3 B

Monthly

N/D

Mar 2026

10.2%

Monthly

N/D

Mar 2026

4.2%

Monthly

Current Account n.s.a.

¥3932.7 B

Feb 2026

¥931.0 B

Monthly

Goods Trade Balance

¥267.6 B

Feb 2026

¥-600.4 B

Monthly

Adjusted Current Account

¥2709.0 B

Feb 2026

¥3134.4 B

Monthly

Government

Last

Reference

Previous

Frequency

BoJ Bank Lending y/y

4.8%

Mar 2026

4.5%

Monthly

Foreign Bond Investment

¥-12.8 B

18 Apr 2026

¥698.2 B

Weekly

Foreign Investment in Japan Stocks

¥2380.9 B

18 Apr 2026

¥3941.4 B

Weekly

Market

Last

Reference

Previous

Frequency

10-Year JGB Auction

2.350%

2.122%

30-Year JGB Auction

3.697%

3.398%

CFTC JPY Non-Commercial Net Positions

-94.5 K

21 Apr 2026

-83.2 K

Weekly

Housing

Last

Reference

Previous

Frequency

Housing Starts y/y

-4.9%

Feb 2026

-0.4%

Monthly

Annualized Housing Starts

0.751 M

Feb 2026

0.755 M

Monthly