2018 PDF

ISSN 0289－1522
2018
POLICY RESEARCH INSTITUTE

MINISTRY OF FINANCE
JAPAN
2018
POLICY RESEARCH INSTITUTE
MINISTRY OF FINANCE
JAPAN
CONTENTS
Page
1. BUDGET
1-1 Net Account of Central Government and Local Governments ······································ 2
1-2 Net Total of General Account, Special Accounts, Budgets of
Government-Affiliated Agencies and Local Government Finance Plan·························· 3
1-3 Historical Trends of General Account ······································································ 4
1-4 General Account Budget Revenues ········································································· 4
1-5 Tax Receipt Estimates ·························································································· 5
1-6 General Account Budget Expenditures
(1) by Major Program ······························································································ 6
(2) by Purpose ······································································································· 6
(3) by Agency ········································································································· 6
1-7 Special Account Budgets ······················································································· 7
1-8 Budgets of Government-Affiliated Agencies ····························································· 8
1-9 Fiscal Investment and Loan Program (FILP) Plan ···················································· 9
1-10 Sources of Funds in the FILP ················································································ 11
1-11 FILP Classified by Function ·················································································· 11
1-12 Local Government Finance Plan ············································································ 12
2. TAX
2-1 Tax Burden
(1) Percentage of National Income ············································································ 14
(2) Per Capita ········································································································ 14
2-2 National Tax Receipts as a Percentage of Budget Expenditures and Revenues ·············· 15
2-3 National Tax Receipts ·························································································· 16
2-4 Statistics of Taxation about Self-assessed Income Tax ··············································· 18
2-5 Statistics of Taxation about Withholding Income Tax
(1) Amount of Withholding Income Tax······································································ 19
(2) Number of Withholding agents ············································································ 19
2-6 Statistics of Taxation about Corporation Tax (FY 2016)
(1) Taxation for current accounting period·································································· 20
(2) Number of corporations by income range ······························································· 21
i
2-7 Statistics of Taxation about Inheritance Tax
(1) Amount of Inheritance Tax ················································································· 22
(2) Number of persons, Taxable amount, and Amount of tax (2016) ································ 22
2-8 Statistics of Taxation about Consumption Tax (FY 2016)
(1) Amount of Consumption Tax ··············································································· 23
(2) Number of notifications of taxable business enterprises, etc. ···································· 23
2-9 Local Tax Receipts ······························································································· 24
3. FOREIGN TRADE
3-1 Value of Exports and Imports by Region (Country)
(1) Exports ············································································································ 28
(2) Imports ············································································································ 29
3-2 Value of Exports and Imports by Principal Commodity ·············································· 30
3-3 Foreign Trade Indexes (Based on yen)
(1) Summary Indexes ······························································································ 31
(2) Quantum Indexes ······························································································ 31
(3) Unit Indexes ····································································································· 31
3-4 Value of Exports and Imports, Country by Commodity (2017)
(1) Exports ············································································································ 32
(2) Imports ············································································································ 33
4. PUBLIC FINANCE
4-1 Receipts and Payments of the Treasury Funds with the Private Sector ························ 36
4-2 Central Government Debt
(1) Outstanding Government Bonds and Borrowings ··················································· 38
(2) Outstandings Government Guaranteed Debts ························································ 38
5. BALANCE OF PAYMENTS
5-1 Balance of Payments
(1) Summary Table ································································································· 40
(2) Breakdown by Region (CY 2017) ·········································································· 41
5-2 Direct Investment Assets/Liabilities
(1) Summary Table ································································································· 42
(2) Country Breakdown (CY 2017) ············································································ 42
(3) Breakdown by Region and Industry (CY 2017) ······················································· 43
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5-3 International Investment Position of Japan
(1) Recently Data ··································································································· 44
(2) Historical Data·································································································· 46
5-4 International Transaction in Securities ··································································· 47
5-5 Official Reserve Assets ························································································· 48
6. FINANCIAL STATEMENTS STATISTICS OF CORPORATIONS BY INDUSTRY

6-1 Sales·················································································································· 50
6-2 Ordinary profits ·································································································· 51
6-3 Raito of ordinary profits to sales············································································· 52
6-4 Investment in plant and equipment ········································································ 53
6-5 Assets
(1) All Industries ···································································································· 54
(2) Manufacturing ·································································································· 54
(3) Non-manufacturing ··························································································· 54
6-6 Liabilities and Net assets
(1) All Industries ···································································································· 55
(2) Manufacturing ·································································································· 55
6-7 Cash dividends
(1) All Industries ···································································································· 56
(2) Manufacturing ·································································································· 56
6-8 Value added
(1) All Industries ···································································································· 57
(2) Manufacturing ·································································································· 57
7. GDP
7-1 Real GDP ··········································································································· 60
7-2 Nominal GDP······································································································ 61
7-3 Deflators ············································································································ 62
Main Economic Indicators of Japan ································································· 63
＊ The fiscal year in Japan begins on April 1 and ends on March 31 of the next year.
iii
1 BUDGET
1-1 Net Account of Central Government and Local Governments
( 100 million yen, % )
Central Government (General Account)(b) Local Governments(c)

Net Total of Central
GDP Disburseme-
Disburseme- Government and Local
(at current prices) Net Total of Central Expenditures (Ordinary nts to Net Total of Local
Expenditures nts to Local Governments
Government Accounts) Central Governments
Governments
Government
Percen- Percen- Percen- Percen- Percen- Percen
tage tage tage tage tage -tage
(A) change (B) change (B)/(A) (C) (D=B-C) change (D)/(A) (E) change (E)/(A) (F) (G=E-F) change (G)/(A) (H=D+G) change (H)/(A)
FY 2003 5,179,306 0.6 824,160 -1.5 15.9 305,580 518,580 -4.0 10.0 925,818 -2.4 17.9 444 925,374 -2.4 17.9 1,443,954 -3.0 27.9
2004 5,211,802 0.6 848,968 3.0 16.3 291,030 557,938 7.6 10.7 912,479 -1.4 17.5 655 911,824 -1.5 17.5 1,469,762 1.8 28.2
2005 5,256,922 0.9 855,196 0.7 16.3 290,884 564,312 1.1 10.7 906,973 -0.6 17.3 321 906,652 -0.6 17.2 1,470,964 0.1 28.0
2006 5,290,766 0.6 814,455 -4.8 15.4 270,164 544,291 -3.5 10.3 892,106 -1.6 16.9 381 891,725 -1.6 16.9 1,436,016 -2.4 27.1
2007 5,309,973 0.4 818,426 0.5 15.4 262,194 556,232 2.2 10.5 891,476 -0.1 16.8 352 891,124 -0.1 16.8 1,447,356 0.8 27.3
2008 5,094,658 -4.1 846,974 3.5 16.6 279,695 567,279 2.0 11.1 896,915 0.6 17.6 1,992 894,923 0.4 17.6 1,462,203 1.0 28.7
2
2009 4,920,704 -3.4 1,009,734 19.2 20.5 334,267 675,468 19.1 13.7 961,064 7.2 19.5 1,859 959,206 7.2 19.5 1,634,673 11.8 33.2
2010 4,992,810 1.5 953,123 -5.6 19.1 320,973 632,150 -6.4 12.7 947,750 -1.4 19.0 1,486 946,264 -1.3 19.0 1,578,414 -3.4 31.6
2011 4,940,172 -1.1 1,007,154 5.7 20.4 351,971 655,183 3.6 13.3 925,117 -2.4 18.7 1,501 923,616 -2.4 18.7 1,578,799 0.0 32.0
2012 4,944,780 0.1 970,872 -3.6 19.6 328,450 642,422 -1.9 13.0 910,987 -1.5 18.4 1,525 909,462 -1.5 18.4 1,551,884 -1.7 31.4
2013 5,072,460 2.6 1,001,889 3.2 19.8 331,768 670,121 4.3 13.2 931,665 2.3 18.4 1,164 930,501 2.3 18.3 1,600,623 3.1 31.6
2014 5,184,685 2.2 988,135 -1.4 19.1 329,406 658,728 -1.7 12.7 945,112 1.4 18.2 6,125 938,987 0.9 18.1 1,597,715 -0.2 30.8
2015 5,339,044 3.0 982,303 -0.6 18.4 317,640 664,663 0.9 12.4 945,708 0.1 17.7 6,172 939,536 0.1 17.6 1,604,199 0.4 30.0
2016 5,392,543 1.0 975,418 -0.7 18.1 325,472 649,946 -2.2 12.1 947,666 0.2 17.6 6,955 940,711 0.1 17.4 1,590,657 -0.8 29.5
2017 (a) 5,503,000 2.0 991,095 1.6 18.0 291,287 699,808 7.7 12.7 866,198 -8.6 15.7 5,777 860,421 -8.5 15.6 1,560,229 -1.9 28.4
2018 (a) 5,643,000 2.5 977,128 -1.4 17.3 291,892 685,236 -2.1 12.1 868,973 0.3 15.4 5,847 863,126 0.3 15.3 1,548,362 -0.8 27.4
(Notes) 1. (a) Forecast

2. (b) FY2003-2016 is settlement. However FY2017 is Revised Budget, and FY2018 is Initial Budget.
3. (c) FY2003-2016 is settlement. However FY2017 and FY2018 is Local Government Finance Plan.
1-2 Net Total of General Account, Special Accounts, Budgets of Government-Affiliated Agencies and Local Government
Finance Plan (Initial Budgets)
( 100 million yen )
FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
Revenues
General Account 817,891 821,109 821,829 796,860 829,088 830,613 885,480 922,992 924,116 903,339 926,115 958,823 963,420 967,218 974,547 977,128
Special Accounts 3,834,179 4,076,215 4,491,502 4,927,958 3,894,949 3,943,239 3,709,097 3,813,656 4,000,200 4,083,946 4,084,831 4,146,278 4,064,983 4,073,224 3,956,841 3,910,790
Government-
60,653 54,866 50,728 47,122 27,016 21,019 18,307 21,996 18,428 19,132 17,102 17,991 18,350 17,021 16,038 16,524
affiliated Agencies
Subtotal 4,712,723 4,952,191 5,364,059 5,771,941 4,751,054 4,794,871 4,612,884 4,758,644 4,942,743 5,006,418 5,028,049 5,123,092 5,046,752 5,057,463 4,947,425 4,904,442
Overlapping 2,240,603 2,318,905 2,589,086 2,855,619 2,380,234 2,411,731 2,397,424 2,474,010 2,601,124 2,580,732 2,585,287 2,719,018 2,636,127 2,578,817 2,531,241 2,492,144
Total 2,472,121 2,633,285 2,774,973 2,916,322 2,370,819 2,383,141 2,215,460 2,284,634 2,341,619 2,425,686 2,442,761 2,404,074 2,410,625 2,478,647 2,416,185 2,412,298
Local Government
862,107 846,669 837,687 831,508 831,261 834,014 825,557 821,268 825,054 842,764 844,532 855,745 877,675 876,702 879,986 881,087
Finance Plan
Grand Total 3,334,228 3,479,954 3,612,660 3,747,830 3,202,080 3,217,155 3,041,017 3,105,902 3,166,673 3,268,450 3,287,293 3,259,819 3,288,300 3,355,349 3,296,171 3,293,385
Overlapping 332,999 324,940 326,894 318,818 276,305 278,711 291,730 315,628 328,481 343,270 345,139 349,291 354,836 348,072 344,103 340,996
3
Net Total 3,001,229 3,155,014 3,285,766 3,429,012 2,925,775 2,938,444 2,749,287 2,790,274 2,838,192 2,925,180 2,942,154 2,910,528 2,933,464 3,007,277 2,952,068 2,952,389
Expenditures
General Account 817,891 821,109 821,829 796,860 829,088 830,613 885,480 922,992 924,116 903,339 926,115 958,823 963,420 967,218 974,547 977,128
Special Accounts 3,692,975 3,874,097 4,119,442 4,603,857 3,618,801 3,684,477 3,549,150 3,670,738 3,848,851 3,940,945 3,866,300 4,114,258 4,035,529 4,038,517 3,934,290 3,884,960
Government-
61,256 52,649 46,781 42,843 23,431 19,555 21,261 31,353 26,130 27,033 25,099 23,370 22,160 20,768 18,450 17,272
affiliated Agencies
Subtotal 4,572,123 4,747,856 4,988,052 5,443,561 4,471,319 4,534,645 4,455,891 4,625,083 4,799,097 4,871,317 4,817,514 5,096,450 5,021,109 5,026,504 4,927,286 4,879,360
Overlapping 2,225,603 2,304,715 2,574,896 2,839,076 2,363,857 2,393,655 2,373,383 2,447,442 2,573,890 2,560,498 2,565,661 2,702,195 2,621,841 2,562,122 2,506,021 2,474,596
Total 2,346,520 2,443,140 2,413,157 2,604,485 2,107,463 2,140,990 2,082,508 2,177,641 2,225,207 2,310,820 2,251,853 2,394,255 2,399,268 2,464,381 2,421,265 2,404,764
Local Government
862,107 846,669 837,687 831,508 831,261 834,014 825,557 821,268 825,054 842,764 844,532 855,745 877,675 876,702 879,986 881,087
Finance Plan
Grand Total 3,208,627 3,289,809 3,250,844 3,435,993 2,938,724 2,975,004 2,908,065 2,998,909 3,050,261 3,153,584 3,096,385 3,250,000 3,276,943 3,341,083 3,301,251 3,285,851
Overlapping 332,999 324,940 326,894 318,818 276,305 278,711 291,730 315,628 328,481 343,270 345,139 349,291 354,836 348,072 344,103 340,996
Net Total 2,875,628 2,964,869 2,923,950 3,117,175 2,662,419 2,696,293 2,616,335 2,683,281 2,721,780 2,810,314 2,751,246 2,900,709 2,922,107 2,993,011 2,957,148 2,944,855
1-3 Historical Trends of General Account ( Initial Budget )
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
924,116 903,339 926,115 958,823 963,420 967,218 974,547 977,128

General Account (A)
[ 0.1 ] [ -2.2 ] [ 2.5 ] [ 3.5 ] [ 0.5 ] [ 0.4 ] [ 0.8 ] [ 0.3 ]
National Debt 215,491 219,442 222,415 232,702 234,507 236,121 235,285 233,020
(B)
Service [ 4.4 ] [ 1.8 ] [ 1.4 ] [ 4.6 ] [ 0.8 ] [ 0.7 ] [ -0.4 ] [ -1.0 ]
Primary Balance 708,625 683,897 703,700 726,121 728,912 731,097 739,262 744,108
Expenses [ -0.1 ] [ -3.5 ] [ 2.9 ] [ 3.2 ] [ 0.4 ] [ 0.3 ] [ 1.1 ] [ 0.7 ]
Local Allocation 167,845 165,940 163,927 161,424 155,357 152,811 155,671 155,150
Tax Grants [ -4.0 ] [ -1.1 ] [ -1.2 ] [ -1.5 ] [ -3.8 ] [ -1.6 ] [ 1.9 ] [ -0.3 ]
Public Bond (C) 442,980 442,440 428,510 412,500 368,630 344,320 343,698 336,922
Issues
(C/A) 47.9 47.6 46.3 43.0 38.3 35.6 35.3 34.5
Deficit-Financing Bond
382,080 383,350 370,760 352,480 308,600 283,820 282,728 275,982
Issues
Public Bond (D) 6,698,674 7,050,072 7,438,676 7,740,831 8,054,182 8,305,733 8,638,678 8,827,525
Outstanding
(D/GDP) 135.6 142.6 146.6 149.3 150.9 154.0 157.0 156.4
(B/A) 23.3 24.3 24.0 24.3 24.3 24.4 24.1 23.8
(E) 99,238 98,403 98,697 100,980 101,151 98,687 91,328 89,978

Interest Payments
(E/A) 10.7 10.9 10.7 10.5 10.5 10.2 9.4 9.2
(Notes) 1. "Public Bond Outstanding" is amount of Ordinary Government Bonds at the end of the fiscal year.
FY2017 : Based on Revised Badget, FY2018 : Based on Initial Badget .
2.Figures in [ ] is percentage change from the previous fiscal year.
1-4 General Account Budget Revenues
( 100 millions yen, % )

FY 2017 FY 2018
Initial Revised Initial

(A) Ratio (B) Ratio (B)/(A)
Tax and Stamp Receipts 577,120 577,120 58.2 590,790 60.5 2.4
Receipts from Government Enterprises and

438 438 0.0 457 0.0 4.2
Properties
Receipts from the Sale of Government Properties 2,541 2,541 0.3 2,766 0.3 8.9
Miscellaneous Receipts 50,194 51,150 5.2 45,559 4.7 -9.2
Public Bond Issues 343,698 35,546 35.9 336,922 34.5 -2.0
Surplus in preceding fiscal year 556 4,299 0.4 634 0.1 14.0
Total 974,547 991,095 100.0 977,128 100.0 0.3
4
1-5 Tax Receipt Estimates
( 100 million yen)
FY 2017 FY 2018
Revenue
Increase or Revenue
Estimates
Initial Revised Decrease by Estimates under
under Existing Reformed Laws
Tax Reform
Laws
General Account 577,120 577,120 590,650 140 590,790
Income Tax 179,480 179,480 190,200 － 190,200
Withheld at Source 148,740 148,740 157,250 － 157,250
Self-assessed 30,740 30,740 32,950 － 32,950
Corporation Tax 123,910 123,910 121,700 -30 121,670
Inheritance Tax 21,150 21,150 22,710 -310 22,400
Consumption Tax 171,380 171,380 175,580 － 175,580
Liquor Tax 13,110 13,110 13,110 － 13,110
Tobacco Tax 9,290 9,290 8,470 270 8,740
Gasoline Tax 23,940 23,940 23,300 － 23,300
Liquefied Petroleum Gas Tax 80 80 80 － 80
Aviation Fuel Tax 520 520 520 － 520
Petroleum and Coal Tax 6,880 6,880 7,090 － 7,090

Promotion of Power-
3,130 3,130 3,230 － 3,230
Resources Development Tax
Motor Vehicle Tonnage Tax 3,700 3,700 3,950 － 3,950
International Tourist Tax －－－ 60 60
Customs Duty 9,530 9,530 10,070 150 10,220
Tonnage Due 100 100 100 － 100
Stamp Receipts 10,920 10,920 10,540 － 10,540
Special Account for Allotment of Local

Allocation Tax and Local Transfer Taxes
31,919 31,919 32,351 － 32,351
Local Corporation Tax 6,439 6,439 6,533 － 6,533
Local Gasoline Tax 2,562 2,562 2,493 － 2,493
Liquefied Petroleum Gas Tax 80 80 80 － 80
Aviation Fuel Tax 149 149 149 － 149
Motor Vehicle Tonnage Tax 2,539 2,539 2,711 － 2,711
Special Tonnage Due 125 125 125 － 125
Local Special Corporate Tax 20,025 20,025 20,260 － 20,260
Special Account for National Debt

Consolidation Fund
Special Tobacco Tax 1,437 1,437 1,312 -24 1,288

Special Account for Reconstruction
from the Great East Japan
Earthquake
Special Income Tax
3,764 3,764 4,003 － 4,003
for Reconstruction
Total 614,240 614,240 628,316 116 628,432
5
1-6 General Account Budget Expenditures
(1) by Major Program ( million yen, % )

FY 2017 FY 2018
Initial (A) Revised Initial (B) (B)/(A)

Ratio Ratio
Social Security 32,473,483 32,536,331 32.8 32,973,221 33.7 1.5
Education and Science 5,356,693 5,658,368 5.7 5,364,623 5.5 0.1
National Debt Service 23,528,490 22,707,793 22.9 23,301,964 23.8 -1.0
Pensions and Others 294,665 294,488 0.3 250,375 0.3 -15.0
Local Allocation Tax Grants 15,567,104 15,567,104 15.7 15,514,981 15.9 -0.3
National Defense 5,125,148 5,352,448 5.4 5,191,104 5.3 1.3
Public Works 5,976,325 6,972,148 7.0 5,978,947 6.1 0.0
Economic Cooperation 511,018 637,959 0.6 508,907 0.5 -0.4
Small Businesses 181,041 384,973 0.4 177,142 0.2 -2.2
Energy Measures 963,474 973,110 1.0 918,641 0.9 -4.7
Major Foodstuff Measures 1,017,439 1,213,836 1.2 992,427 1.0 -2.5
Miscellaneous 6,109,830 6,510,930 6.6 6,190,437 6.3 1.3
Reserves 350,000 300,000 0.3 350,000 0.4 －
Total 97,454,709 99,109,488 100.0 97,712,769 100.0 0.3
(2) by Purpose ( million yen, % )

FY 2017 FY 2018

Ratio Ratio
State Organ 4,666,677 5,025,142 5.1 4,714,358 4.8 1.0
Local Finance 15,652,517 15,652,517 15.8 15,598,464 16.0 -0.3
National Defense 5,137,153 5,364,862 5.4 5,203,276 5.3 1.3
National Land Conservation and Development 6,063,256 6,987,650 7.1 6,078,397 6.2 0.2
Industry and Economy 2,763,006 3,287,148 3.3 2,714,726 2.8 -1.7
Education and Culture 5,145,513 5,415,037 5.5 5,148,760 5.3 0.1
Social Security 32,927,898 33,088,958 33.4 33,424,159 34.2 1.5
Pensions and Others 293,785 293,639 0.3 249,498 0.3 -15.1
National Debt Service 23,528,490 22,707,793 22.9 23,301,964 23.8 -1.0
Reserves 350,000 300,000 0.3 350,000 0.4 －
Others 926,417 986,742 1.0 929,167 1.0 0.3
Total 97,454,709 99,109,488 100.0 97,712,769 100.0 0.3
(Note) Certain expenditures for FY2017 have been reclassified for easier comparison with FY2018.
(3) by Agency ( million yen, % )

FY 2017 FY 2018

Ratio Ratio
Imperial Household 6,218 6,360 0.0 9,860 0.0 58.6
Diet 140,451 139,881 0.1 142,556 0.1 1.5
Courts 317,703 318,535 0.3 321,211 0.3 1.1
Board of Audit 17,271 16,916 0.0 17,501 0.0 1.3
Cabinet 109,203 126,363 0.1 110,431 0.1 1.1
Cabinet Office 3,026,145 3,261,278 3.3 3,068,090 3.1 1.4
Ministry of Internal Affairs and Communications 16,177,209 16,203,241 16.3 16,096,919 16.5 -0.5
Ministry of Justice 750,388 772,717 0.8 763,757 0.8 1.8
Ministry of Foreign Affairs 692,618 847,396 0.9 696,700 0.7 0.6
Ministry of Finance 25,730,403 24,848,680 25.1 25,525,694 26.1 -0.8
Ministry of Education, Culture, Sports, Science and Technology 5,309,698 5,516,266 5.6 5,309,303 5.4 -0.0
Ministry of Health, Labour and Welfare 30,687,285 30,765,499 31.0 31,126,213 31.9 1.4
Ministry of Agriculture, Forestry and Fisheries 2,135,921 2,538,776 2.6 2,130,354 2.2 -0.3
Ministry of Economy, Trade and Industry 978,867 1,236,874 1.2 936,546 1.0 -4.3
Ministry of Land, Infrastructure and Transport 5,923,502 6,797,280 6.9 5,939,215 6.1 0.3
Ministry of the Environment 326,679 360,978 0.4 327,317 0.3 0.2
Ministry of Defense 5,125,148 5,352,448 5.4 5,191,104 5.3 1.3
Total 97,454,709 99,109,488 100.0 97,712,769 100.0 0.3
6
1-7 Special Account Budgets
( million yen )
FY 2017 FY 2018
Revenues Expenditures Revenues Expenditures
Grants of allocation tax and transferred tax 52,222,381 52,081,672 51,921,585 51,711,428
Earthquake Reinsurance 179,526 179,526 186,917 186,917
National Debt Consolidation Fund 196,084,814 196,084,814 191,220,694 191,220,694
Foreign Exchange Funds 2,528,275 914,523 2,903,305 970,988
Fiscal Investment and Loan
Fiscal Loan Fund account 27,080,313 26,961,172 26,183,717 26,082,937
Investment account 834,779 834,779 828,361 828,361
Consolidation of Specified National Properties account 43,198 28,838 70,878 27,499
Measures for Energy
Accounts for Supply and Demand of Energy 2,371,822 2,371,822 2,235,470 2,235,470
Accounts for Promotion of Power Development 348,205 348,205 338,970 338,970
Account for Support of the Compensation for Nuclear Damages 12,641,919 12,641,919 12,296,841 12,296,841
Woｒker’ s Insurance
Workmen's Accident account 1,212,301 1,061,027 1,165,247 1,069,885
Employment account 2,485,824 2,485,824 2,539,125 2,539,125
Collected account 2,548,235 2,548,235 2,528,719 2,528,719
Pension
Basic Pension account 24,564,529 24,564,529 25,186,782 25,186,782
National Pension account 4,248,451 4,248,451 3,909,369 3,909,369
Employee’ Pension account 47,361,663 47,361,663 48,119,555 48,119,555
Health account 11,272,288 11,272,288 11,602,677 11,602,677
Child and Child-Rearing Support account 2,501,671 2,501,671 2,614,386 2,614,386
Business account 380,092 380,092 403,246 403,246
Stable Supply of Food
Accounts for Stabilizing Agricultural Management 269,798 269,798 281,284 281,284
Food Control account 839,201 839,201 851,041 851,041
Agricultural Mutual Reinsurance account 92,553 83,914 91,637 83,036
Fishing Craft Reinsuranc account 9,868 8,551 9,088 8,001
Fishery Mutual Relief account 10,486 8,967 10,612 9,178
Business account 16,173 16,173 17,264 17,264
National Land Improvement Works account 28,383 28,383 23,942 23,942
Debt Management for National Forest and Field Service 342,395 342,395 350,209 350,209
Patents 284,325 147,243 272,714 155,205
Motor Vehicles Safety
Security account 60,682 3,569 61,614 3,018
Motor Vehicles Inspection and Registration account 46,432 36,225 49,082 35,290
Automobile Accident Countermeasure account 12,657 12,657 13,712 13,712
Airport Improvement account 395,067 395,067 431,647 431,647
Reconstruction from the Great East Japan Earthquake 2,165,634 2,165,634 2,359,285 2,359,285
7
1-8 Budgets of Government-Affiliated Agencies
( million yen )
FY 2017 FY 2018
Revenues Expenditures Revenues Expenditures
Okinawa Development Finance Corporation 14,981 12,221 14,252 11,501
Japan Finance Corporation
Micro Business and Individual Unit 160,971 95,282 157,896 90,978
Agriculture, Forestry, Fisheries and Food Business Unit 51,250 45,749 49,525 44,824
Small and Medium Enterprise(SME) Unit 103,361 51,889 97,150 47,346
Credit Insurance Programs 235,702 571,489 207,155 428,662
Crisis Response Finance Department 33,984 122,705 25,358 87,974
Facilitating Specific Businesses Promotion 1,737 1,737 1,342 1,342
Japan Bank of International Cooperation（JBIC） 845,769 818,509 941,799 900,837
Japan International Cooperation Agency for ODA Loan 156,008 125,383 157,954 113,768
8
1-9 Fiscal Investment and Loan Program (FILP) Plan (Initial Plan)
( 100 million yen )

Industrial Government
Fiscal Loan Total (Reference) Own funds,etc.
Investment Guarantee
FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 FY 2017 FY2018
Special Accounts
Special Account for Stable Supply
of Food 25 20 －－－－ 25 20 260 219
Special Account for Energy Policy 91 82 －－－－ 91 82 15,291 14,646
Government Financial Institutions
Japan Finance Corporation 33,850 35,895 440 430 1,850 1,850 36,140 38,175 (3,030) 20,033 (3,200) 17,271
The Okinawa Development Finance
Corporation 824 1,022 21 14 －－ 845 1,036 (300) 637 (300) 544
Japan Bank for International
Cooperation 4,410 2,900 850 624 11,400 8,200 16,660 11,724 (600) 9,440 (600) 10,845
Japan International Cooperation
Agency* 4,827 5,524 －－ 660 660 5,487 6,184 (800) 7,233 (800) 7,446
Incorporated Administrative Agencies, etc.

The Promotion and Mutual Aid
Corporation for Private Schools of 317 291 －－－－ 317 291 333 349
Japan
Japan Student Services
Organization* 7,003 7,075 －－－－ 7,003 7,075 (1,200) 458 (1,200) -138
Welfare And Medical Service
Agency* 3,531 3,486 －－－－ 3,531 3,486 (300) 196 (300) 213
National Hospital Organization* 558 864 －－－－ 558 864 137 (190) 150
National Cancer Center** 14 54 －－－－ 14 54 －－

National Cerebral and
Cardiovascular Center** 200 172 －－－－ 200 172 7 10
National Center for Child Health
and Development** 6 8 －－－－ 6 8 －－
National Center for Geriatrics and
Gerontology** 17 －－－－－ 17 － 2 －
National Institution for Academic
Degrees and Quality Enhancement 551 499 －－－－ 551 499 (50) 45 (50) 43
of Higher Education*
Japan Railway Construction,
Transport and Technology Agency* 15,282 272 12 －－－ 15,294 272 (1,047) 2,824 (1,411) 3,243
Japan Housing Finance Agency* 931 681 －－－－ 931 681 (23,379) 24,307 (26,048) 23,835
Urban Renaissance Agency* 4,420 3,464 －－－－ 4,420 3,464 (900) 9,222 (500) 10,007
Japan Expressway Holding and
Debt Repayment Agency* － 15,000 －－ 13,850 12,450 13,850 27,450 (3,700) 24,843 (3,300) 25,737
Japan Water Agency* 56 57 －－－－ 56 57 (40) 1,452 (40) 1,517

Japan Finance Organization for
Municipalities －－－－ 6,050 4,000 6,050 4,000 21,793 19,178
Forest Research and Management
Organization** 59 58 －－－－ 59 58 264 264
Japan Oil,Gas and Metals National
Corporation* 10 12 520 411 －－ 530 423 661 631
Local Governments
Local Governments 28,680 28,102 －－－－ 28,680 28,102 87,765 88,407

(Notes) 1. For "(Reference) Own funds, etc.", figures in ( ) are the amounts procured by the issuence of FILP bonds, public bonds without Government Guarantees
issued by individual incorporated administrative agencies, etc. in private financial markets.
2. *: Incorporated Administrative Agency. **: National Research and Development Agency.
9
1-9 Fiscal Investment and Loan Program (FILP) Plan (Initial Plan) (Continued)
( in 100 millions of yen )

Industrial Government
Fiscal Loan Total (Reference) Own funds,etc.
Investment Guarantee
FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018
Special Corporations
Agriculture, forestry and fisheries
Fund corporation for innovation, －－ 130 －－－ 130 － 137 －
Value-chain and Expansion Japan
Development Bank of Japan Inc. 3,000 3,000 500 1,290 3,500 3,500 7,000 7,790 (5,000) 16,150 (5,500) 16,940
New Kansai International Airport
Co., Ltd －－－－ 320 201 320 201 (600) 824 (159) 307
Organization for Promoting Urban
Development －－－－ 272 281 272 281 90 100
Central Japan International Airport
Co., Ltd －－－－ 82 307 82 307 106 (171) 256
Private Finance Initiative
Promotion Corporation of Japan －－ 30 30 130 130 160 160 500 500
The Shoko Chukin Bank, Ltd －－ 240 －－－ 240 － (2,649) 26,790 －
Cool Japan Fund Inc. －－ 210 135 －－ 210 135 190 265
Japan Overseas Infrastracture
Investment Corporation for －－ 649 639 488 629 1,137 1,268 89 64
Transport & Urban Development
Found Corporation for the
Overseas Development of Japan's －－ 190 72 226 240 416 312 －－
ICT and Postal Services Inc.
Total 108,662 108,538 3,792 3,645 38,828 32,448 151,282 144,631 (43,595) (43,769)
10
1－10 Sources of Funds in the FILP (Initial Plan)
( 100 million yen )
FY 2017 FY 2018
Fiscal Loan 108,662 108,538
Fiscal Loan Fund 108,662 108,538
Industrial Investment 3,792 3,645
FILP Special Account 3,792 3,645
Government Guarantee 38,828 32,448
Government Guaranteed Domestic Bonds 24,768 21,538
Government Guaranteed Foreign Bonds 13,660 10,660
Government Guaranteed Foreign Borrowings 400 250
Total 151,282 144,631
(Notes) The planned amount of FILP bonds to be issued in FY2018 is 12.0 trillion yen
(The initial plan for FY2017 was 12.0 trillion yen)
1－11 FILP Classified by Function (Initial Plan)

( 100 million yen )
Government
Fiscal Loan Industrial Investment Total
Guarantee
Classification
FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018
SMEs and micro

(1) 27,444 26,888 447 434 1,800 1,799 29,691 29,121
enterprises
Agriculture, forestry
(2) 3,260 5,726 130 －－－ 3,390 5,726
and fisheries
(3) Education 9,259 9,370 －－ 61 59 9,321 9,429
(4) Welfare/medical care 6,431 6,252 －－ 268 13 6,699 6,265
(5) Environment 637 607 －－－－ 637 607
(6) Industry/innovation 4,076 4,391 646 1,300 3,500 3,500 8,222 9,191
(7) Housing 5,311 4,553 －－ 96 56 5,407 4,610
(8) Social capital 30,575 30,284 30 30 20,329 17,292 50,933 47,606

Overseas investment
(9) 9,237 8,424 2,539 1,881 12,774 9,729 24,550 20,034
and loans
(10) Others 12,432 12,042 －－－－ 12,432 12,042
Total 108,662 108,538 3,792 3,645 38,828 32,448 151,282 144,631
11
1－12 Local Government Finance Plan
Revenues ( 100 million yen )
Local taxes 334,037 336,569 340,175 350,127 374,919 387,022 390,663 394,294
Local transferred tax 21,749 22,615 23,470 27,564 26,854 24,322 25,364 25,754
Special grants to local

3,877 1,275 1,255 1,192 1,189 1,233 1,328 1,544
governments
Local allocation tax 173,734 174,545 170,624 168,855 167,548 167,003 163,298 160,085
Treasury disbursements 121,745 117,604 118,503 124,491 130,733 132,184 135,386 136,512
Local bonds 114,772 111,654 111,517 105,570 95,009 88,607 91,907 92,186
Rents, charge and fees 14,279 14,037 13,888 15,862 16,044 16,247 16,184 16,091
Miscellaneous receipts 40,861 40,444 39,852 40,059 40,689 41,643 42,370 42,890
Appropriation to general
revenue for recovery and 　－　－　－　－　－ -79 -77 -77
reconstruction projects
Appropriation to general
revenue for nationwide 　－ (96) -130 -113 -275 -589 -225 -306
disaster prevention
Total 825,054 818,647 819,154 833,607 852,710 857,593 866,198 868,973
Expenditures ( 100 million yen )
Allowances 212,694 209,760 197,479 203,414 203,351 203,274 203,209 203,144
General administration 308,226 311,406 318,257 332,194 350,589 357,931 365,590 370,522
Extraordinary expenses
for strengthening the
15,000 14,950 14,950 11,950 8,450 4,450 1,950 　－
basis of local economy
and employment
Public debt expenditure 132,423 130,790 131,078 130,745 129,512 128,051 125,902 122,064
Maintenance and repair 9,612 9,667 9,889 10,357 11,601 12,198 12,621 13,079
Public investment 113,032 108,984 106,698 110,035 110,010 112,046 113,570 116,180
Expenses for
extraordinary salary 　－　－ 7,550 　－　－　－　－　－
system
Transfers to local public
26,867 26,590 25,753 25,612 25,397 25,143 25,256 25,584
enterprises
Necessary expenditure
beyond average
standard in bodies 7,200 6,500 7,500 9,300 13,800 14,500 18,100 18,400
which do not receive
local allocation tax
Total 821,268 825,054 818,647 819,154 833,607 857,593 866,198 868,973
12
2 TAX
2-1 Tax Burden
(1) Percentage of National Income ( 100 million of yen, % ) (2) Per Capita ( yen, 10 thousand persons )
Amount of Tax Burden
Amount of Tax Burden Ratio of Tax Burden
per Capita
National National
Total of Total of
GDP Income Total of
Income Total of National National Tax National Tax Population
National Tax National Tax National Tax Per Capita National National
Tax and Local Tax and Local and Local
Tax Tax Tax Tax and
Local Tax
(A) (B) (C) (D) (C)/(A) (D)/(A) (C)/(B) (D)/(B)
FY 1950 33,815 － 5,702 7,585 16.9 22.4 －－ FY 1950 40,658 6,856 9,120 8,317
1955 69,733 85,979 9,363 13,178 13.4 18.9 10.9 15.3 1955 78,150 10,494 14,770 8,923
1960 134,967 166,806 18,010 25,452 13.3 18.9 10.8 15.3 1960 144,520 19,285 27,253 9,339
1965 268,270 337,653 32,785 48,279 12.2 18.0 9.7 14.3 1965 273,187 33,386 49,164 9,820
1970 610,297 752,985 77,732 115,239 12.7 18.9 10.3 15.3 1970 585,979 74,636 110,648 10,415
1975 1,239,907 1,523,616 145,043 226,591 11.7 18.3 9.5 14.9 1975 1,108,644 129,687 202,602 11,184
1980 2,038,787 2,483,759 283,688 442,626 13.9 21.7 11.4 17.8 1980 1,742,702 242,489 378,345 11,699
14
1985 2,605,599 3,303,968 391,502 624,667 15.0 24.0 11.8 18.9 1985 2,153,922 323,636 516,382 12,097
1990 3,468,929 4,516,830 627,798 962,302 18.1 27.7 13.9 21.3 1990 2,807,485 508,092 778,814 12,356
1995 3,784,796 5,164,065 549,630 886,380 14.5 23.4 10.6 17.2 1995 3,015,822 437,959 706,290 12,550
2000 3,859,685 5,285,127 527,209 882,673 13.7 22.9 10.0 16.7 2000 3,041,781 415,488 695,626 12,689
2005 3,873,557 5,256,922 522,905 870,949 13.5 22.5 9.9 16.6 2005 3,031,877 409,284 681,702 12,777
2010 3,619,241 4,992,810 437,074 780,237 12.1 21.6 8.8 15.6 2010 2,826,803 341,376 609,403 12,803
2015 3,903,050 5,339,044 599,694 990,679 15.4 25.4 11.2 18.6 2013 2,937,515 402,121 679,800 12,739
2016 3,917,156 5,392,543 589,563 983,486 15.1 25.1 10.9 18.2 2014 2,980,630 454,729 743,883 12,722
2017 4,029,000 5,503,000 (a) 613,085 1,008,916 15.2 25.0 11.1 18.3 2015 3,071,454 471,921 779,602 12,708
2018 4,141,000 5,643,000 (b) 628,432 (c) 1,031,506 15.2 24.9 11.1 18.3 2016 3,086,611 464,559 774,960 12,691
(Notes) 1. (A)(B):Figures for National Income and GDP are based on the actual result of the System of National Account (2008SNA). However figures for
FY1950 are based on 1953SNA, and from FY1955 to FY1975, they are based on 1968SNA, and from FY1980 to FY1990, they are based on 1993SNA.
Therefore the data are not continuous respectively.
However, figures for FY2017 and FY2018, they are based on the estimates of the Economic Outlook for FY2018.
2. (C)(D):FY1950-2016 is settlement. However (a): Revised Budget, (b): Initial Budget, (c): Estimate
3. Figures for population are averages for the fiscal year derived from “Monthly Estimate of National Population” (Ministry of Internal Affairs and Communications).
2-2 National Tax Receipts as a Percentage of Budget Expenditures and Revenues

Total of Total of
Tax and Stamp
General General Tax and Stamp
Revenues, and Parcentage
Account Account Revenues
Monopoly Profits
Expenditures Revenues
(A) (B) (C) (D) (C)/(A) (D)/(A) (C)/(B) (D)/(B)
FY 1950 6,333 7,168 4,564 5,702 72.1 90.0 63.7 79.5
1960 17,431 19,610 16,183 17,648 92.8 101.2 82.5 90.0
1965 37,230 37,731 30,496 32,288 81.9 86.7 80.8 85.6
1970 81,877 84,592 72,958 75,681 89.1 92.4 86.2 89.5
1975 208,609 214,734 137,527 140,907 65.9 67.5 64.0 65.6
1980 434,050 440,407 268,687 276,768 61.9 63.8 61.0 62.8
1985 530,045 539,926 381,988 381,988 72.1 72.1 70.7 70.7
1990 692,687 717,035 601,059 601,059 86.8 86.8 83.8 83.8
1995 759,385 805,572 519,308 519,308 68.4 68.4 64.5 64.5
2000 893,210 933,610 507,125 507,125 56.8 56.8 54.3 54.3
2005 855,196 890,003 490,654 490,654 57.4 57.4 55.1 55.1
2010 953,123 1,005,346 414,868 414,868 43.5 43.5 41.3 41.3
2015 982,303 1,021,753 562,854 562,854 57.3 57.3 55.1 55.1
2016 975,418 1,027,740 554,686 554,686 56.9 56.9 54.0 54.0
2017(a) 991,095 991,095 577,120 577,120 58.2 58.2 58.2 58.2
2018(b) 977,128 977,128 590,790 590,790 60.5 60.5 60.5 60.5
(Note) FY1950-2015 is settlement. However (a) Revised Budget, (b) Initial Budget
15
2-3 National Tax Receipts
FY 1995 FY 2000 FY 2005 FY 2010
Ratio Ratio Ratio Ratio

General Account
Direct Taxes 363,519 66.1 323,193 61.3 315,413 60.3 246,225 56.3
Income Tax 195,151 35.5 187,889 35.6 155,859 29.8 129,844 29.7
Withheld at Source 157,259 28.6 158,785 30.1 129,558 24.8 106,770 24.4
Self-assessed 37,891 6.9 29,104 5.5 26,301 5.0 23,073 5.3
Corporation Tax 137,354 25.0 117,472 22.3 132,736 25.4 89,677 20.5
Special Corporation Surtax 44 0.0 1 0.0 －－－－
Inheritance Tax 26,903 4.9 17,822 3.4 15,657 3.0 12,504 2.9
Land Value Tax 4,063 0.7 9 0.0 2 0.0 1 0.0
Others －－ 0 0.0 0 0.0 0 0.0
Special Provisional Corporation Surtax* 4 0.0 －－－－－－
Income Tax* －－－－ 11,159 2.1 －－
Local Corporation Tax* －－－－－－－－
Local Special Corporate Tax* －－－－－－ 14,200 3.2
Special Income Tax for Reconstruction* －－－－－－－－
Special Corporate Tax for Reconstruction* －－－－－－－－
Indirect Taxes, etc. 186,111 33.9 204,016 38.7 207,492 39.7 190,849 43.7
Consumption Tax 57,901 10.5 98,221 18.6 105,834 20.2 100,333 23.0
Liquor Tax 20,610 3.7 18,164 3.4 15,853 3.0 13,893 3.2
Tobacco Tax 10,420 1.9 8,755 1.7 8,867 1.7 9,077 2.1
Sugar Excise Tax －－－－－－－－
Gasoline Tax 18,651 3.4 20,752 3.9 21,676 4.1 27,501 6.3
Liquefied Petroleum Gas Tax 153 0.0 142 0.0 142 0.0 119 0.0
Aviation Fuel Tax 855 0.2 880 0.2 886 0.2 749 0.2
Petroleum and Coal Tax
(Petroleum Tax until Sept. 30, 2003)
5,131 0.9 4,890 0.9 4,931 0.9 5,019 1.1
Promotion of Power-Resources
Development Tax
－－－－－－ 3,492 0.8
Commodity Tax 3 0.0 －－－－－－
Playing-cards Tax －－－－－－－－
Bourse Tax 438 0.1 －－－－－－
Securities Transaction Tax 4,791 0.9 0 0.0 －－－－
Travel Tax －－－－－－－－
Admission Tax 0 0.0 －－－－－－
Motor Vehicle Tonnage Tax 7,837 1.4 8,507 1.6 7,574 1.4 4,465 1.0
International Tourist Tax －－－－－－－－
Customs Duty 9,500 1.7 8,215 1.6 8,857 1.7 7,859 1.8
Tonnage Due 87 0.0 88 0.0 91 0.0 95 0.0
Stamp Revenue 19,413 3.5 15,318 2.9 11,688 2.2 10,240 2.3
Special Accounts
Consumption Tax 14,475 2.6 －－－－－－
Local Gasoline Tax
(Local Road Tax until FY2008)
2,635 0.5 2,962 0.6 3,112 0.6 2,942 0.7
Liquefied Petroleum Gas Tax 153 0.0 142 0.0 142 0.0 119 0.0
Aviation Fuel Tax 155 0.0 160 0.0 161 0.0 136 0.0
Motor Vehicle Tonnage Tax 2,612 0.5 2,836 0.5 3,787 0.7 3,065 0.7
Special Tonnage Due 109 0.0 111 0.0 114 0.0 119 0.0
Customs Duty on Oil 821 0.1 550 0.1 446 0.1 －－
Development Tax
3,386 0.6 3,746 0.7 3,592 0.7 －－
Gasoline Tax 5,976 1.1 6,934 1.3 7,408 1.4 －－
Special Provisional Petroleum
Surtax
0 0.0 －－－－－－
Special Tobacco Tax －－ 2,644 0.5 2,329 0.4 1,625 0.4
Total 549,630 100.0 527,209 100.0 522,905 100.0 437,074 100.0
(Note) *　Special Account
16
(100 million yen, % )
FY 2017 FY 2018
FY 2015 FY 2016
(Initial Budget) (Initial Budget)
General Account
335,753 56.0 328,527 55.7 354,768 57.8 365,066 58.1 Direct Taxes
178,071 29.7 176,111 29.9 179,480 29.2 190,200 30.3 Income Tax
147,732 24.6 144,860 24.6 148,740 24.2 157,250 25.0 Withheld at Source
30,340 5.1 31,251 5.3 30,740 5.0 32,950 5.2 Self-assessed
108,274 18.1 103,289 17.5 123,910 20.2 121,670 19.4 Corporation Tax
－－－－－－－－ Special Corporation Surtax
19,684 3.3 21,314 3.6 21,150 3.4 22,400 3.6 Inheritance Tax
0 0.0 0 0.0 －－－－ Land Value Tax
0 0.0 0 0.0 －－－－ Others
－－－－－－－－ Special Provisional Corporation Surtax*
－－－－－－－－ Income Tax*
5,161 0.9 6,292 1.1 6,439 1.0 6,533 1.0 Local Corporation Tax*
20,806 3.5 17,816 3.0 20,025 3.3 20,260 3.2 Local Special Corporate Tax*
3,707 0.6 3,671 0.6 3,764 0.6 4,003 0.6 Special Income Tax for Reconstruction*
49 0.0 35 0.0 －－－－ Special Corporate Tax for Reconstruction*
263,941 44.0 261,035 44.3 259,472 42.2 263,366 41.9 Indirect Taxes, etc.
174,263 29.1 172,282 29.2 171,380 27.9 175,580 27.9 Consumption Tax
13,380 2.2 13,195 2.2 13,110 2.1 13,110 2.1 Liquor Tax
9,536 1.6 9,142 1.6 9,290 1.5 8,740 1.4 Tobacco Tax
－－－－－－－－ Sugar Excise Tax
24,646 4.1 24,342 4.1 23,940 3.9 23,300 3.7 Gasoline Tax
92 0.0 87 0.0 80 0.0 80 0.0 Liquefied Petroleum Gas Tax
513 0.1 514 0.1 520 0.1 520 0.1 Aviation Fuel Tax
Petroleum and Coal Tax
6,304 1.1 7,020 1.2 6,880 1.1 7,090 1.1
(Petroleum Tax until Sept. 30, 2003)
3,159 0.5 3,197 0.5 3,130 0.5 3,230 0.5
Development Tax
－－－－－－－－ Commodity Tax
－－－－－－－－ Playing-cards Tax
－－－－－－－－ Bourse Tax
－－－－－－－－ Securities Transaction Tax
－－－－－－－－ Travel Tax
－－－－－－－－ Admission Tax
3,849 0.6 3,915 0.7 3,700 0.6 3,950 0.6 Motor Vehicle Tonnage Tax
－－－－－－ 60 0.0 International Tourist Tax
10,487 1.7 9,390 1.6 9,530 1.6 10,220 1.6 Customs Duty
99 0.0 98 0.0 100 0.0 100 0.0 Tonnage Due
10,495 1.8 10,791 1.8 10,920 1.8 10,540 1.7 Stamp Revenue
Special Accounts
－－－－－－－－ Consumption Tax
Local Gasoline Tax
2,637 0.4 2,605 0.4 2,562 0.4 2,493 0.4
(Local Road Tax until FY2008)
92 0.0 87 0.0 80 0.0 80 0.0 Liquefied Petroleum Gas Tax
147 0.0 147 0.0 149 0.0 149 0.0 Aviation Fuel Tax
2,642 0.4 2,687 0.5 2,539 0.4 2,711 0.4 Motor Vehicle Tonnage Tax
124 0.0 123 0.0 125 0.0 125 0.0 Special Tonnage Due
－－－－－－－－ Customs Duty on Oil
－－－－－－－－
Development Tax
－－－－－－－－ Gasoline Tax
－－－－－－－－ Special Provisional Petroleum Surtax
1,475 0.2 1,414 0.2 1,437 0.2 1,288 0.2 Special Tobacco Tax
599,694 100.0 589,563 100.0 614,240 100.0 628,432 100.0 Total
17
2-4 Statistics of Taxation about Self-assessed Income Tax
( 100 million yen, thousand persons )
2009 2010 2011 2012 2013 2014 2015 2016
Number of
7,176 7,021 6,071 6,093 6,227 6,126 6,329 6,376
taxpayers
Total net
Total 353,865 346,958 336,790 346,945 385,882 371,740 394,460 401,298
income, etc
Amount of Tax 22,725 22,431 23,093 24,056 27,154 27,135 29,758 30,669
Number of
1,472 1,429 1,541 1,595 1,612 1,631 1,704 1,735
taxpayers
Operating
Total net
income 57,179 56,346 59,474 62,361 63,462 65,038 69,138 71,261
income, etc
earners
Amount of Tax 4,853 4,873 5,151 5,398 5,585 5,705 6,225 6,374
Number of
1,082 1,062 1,057 1,071 1,071 1,079 1,090 1,101
taxpayers
Real estate
Total net
income 56,939 55,041 54,103 54,661 54,825 55,048 55,830 56,373
income, etc
earners
Amount of Tax 6,820 6,488 6,305 6,298 6,393 6,375 6,506 6,529
Number of
2,394 2,290 2,304 2,316 2,364 2,347 2,433 2,462
taxpayers
Employment
Total net
income 160,782 154,732 154,995 156,822 166,918 168,311 176,444 175,265
income, etc
earners
Amount of Tax 5,587 5,314 5,255 5,243 5,768 5,980 6,430 6,234
Number of
2,017 2,014 940 860 842 764 770 771
taxpayers
Miscellaneous
Total net
income 40,721 40,132 22,811 20,939 21,227 19,235 19,195 18,720
income, etc
earners
Amount of Tax 725 707 629 504 647 623 641 602
Number of
211 225 229 250 338 305 332 307
taxpayers
Other income Total net

38,244 40,706 45,407 52,161 79,450 64,107 73,854 79,679
earners income, etc
Amount of Tax 4,741 5,048 5,752 6,613 8,760 8,452 9,957 10,929
(Notes) 1. Time of survey is as of March 31 of the following year.

2. "Total net income, etc" means the sum of total net income (total of interest income, dividend income, real estate income, business
income, capital gains, occasional income, and miscellaneous income), amount of capital gains for the separate transfer and stocks,
income from dividends of listed stock type, miscellaneous income, etc. that lie forward business, timber income, and retairment
income, which is the total income after the deduction of the carried-over of aggregation of profit and loss, net loss, and casualty loss.
3. "Amount of self-assessed income tax" means the amount of tax to be paid, which is computed by deducting tax credit and
amount of withholding income tax from the amount of tax or taxable income multiplied by tax rate　(special income tax for
reconstruction is included on and after 2013).
18
2-5 Statistics of Taxation about Withholding Income Tax
(1) Amount of Withholding Income Tax ( 100 million yen )
2009 2010 2011 2012 2013 2014 2015 2016
Interest income, etc. 6,620 5,482 4,679 4,318 4,391 4,807 4,302 3,479
Dividend income 15,842 16,411 16,701 18,273 25,769 38,214 45,917 37,381
Capital gains etc., from listed

shares, etc., kept in special 504 468 389 434 5,166 4,334 5,779 2,339
accounts
Employment income 86,269 85,013 90,064 89,801 93,530 97,811 101,736 103,921
Retirement income 2,620 2,296 2,287 2,428 2,346 2,216 2,254 2,300
Remuneration, Fee, etc. 11,499 11,508 11,511 11,548 11,737 11,698 11,864 12,002
Income of non residents, etc. 2,572 2,855 2,847 2,629 3,322 4,991 6,390 5,795
Total 125,926 124,032 128,477 129,430 146,260 164,070 178,243 167,218
(Subject of survey, etc.)

With respect to withholding income tax (special income tax for reconsutruction is included on and after 2013) for each year,
amount of tax based on accounting statements of amount collected filed between February of the year and January of the following
year, and amount of tax based on the notification of tax payment which the District Director of the Tax Office made is shown.
(2) Number of withholding agents ( numbers of cases )
2009 2010 2011 2012 2013 2014 2015 2016
Interest income, etc. 46,439 43,838 41,337 40,531 40,220 39,930 39,862 37,419
Dividend income 126,822 125,724 126,520 128,993 131,453 134,847 138,064 141,883
Capital gains etc., from listed

shares, etc., kept in special 7,527 10,527 10,842 10,877 10,870 10,569 10,904 12,203
accounts
Employment income 3,681,794 3,620,660 3,584,212 3,561,317 3,542,779 3,542,898 3,540,122 3,542,840
Remuneration, Fee, etc. 2,930,253 2,884,102 2,848,648 2,826,861 2,819,056 2,824,758 2,837,798 2,846,978
Income of non residents, etc. 23,303 23,381 24,486 28,051 30,980 29,984 32,684 34,262
(Notes) 1. Time of survey is as of June 30 of the following year.

2. "Withholding agent" means a person and a corporation who has obligation to withhold and submit income tax to the government.
19
2-6 Statistics of Taxation about Corporation Tax (FY2016)
(1) Taxation for current accounting period ( 100 million yen, person )
Number of
Amount of income
corporations Amount
that filed of tax
returns Profit Loss
Domestic corporation
Ordinary corporation 2,683,570 498,357 102,977 96,771
Company, etc. 2,630,504 490,606 100,167 －
Specific purpose company 1,028 13 1,101 －
Business cooperative 1,464 25 26 －
Medical corporation 51,602 7,726 2,784 －
Association without judicial personality,

18,843 180 108 30
etc.
Cooperative association, etc. 43,413 13,467 985 1,756
Agricultural cooperative association

and Federation of agricultural 3,027 4,907 210 －
cooperative associations
Consumers’ cooperative society and
Federation of consumer’s cooperative 613 1,331 113 －
societies
Small and medium-sized enterprises’
cooperative (except for joint enterprise 14,121 677 194 －
cooperative)
Fishermen’s production cooperative,
Fishermen’s cooperative association and
Federations of fishermen’s cooperative
1,914 188 40 －
associations
Forestry cooperative and Federations of
2,923 85 22 －
forestry cooperatives
Others 20,815 6,280 408 －
Corporation in public interest 52,206 2,270 1,892 446
Foreign corporation 5,346 5,684 703 1,220
Subtotal 2,803,378 519,957 106,665 100,222
Consolidated corporations 1,663 109,291 13,313 10,838
Grand Total 2,805,041 629,248 119,978 111,060

(Notes) 1. This table shows the actual status of taxation for the accounting period which ended between April 1, 2016, and March 31,
2017, according to returns filed until July 31, 2017, and cases processed between July 1,2016, and June 30, 2017, based on
"Administrative documents for corporation tax (returns and resolutions, etc.)".
2. "Number of corporations that filed returns" shows number of acccounting periods which is gathered to each corporations.
Also, one consolidated corporation group is totalized as one corporation.
3. "Amount of tax" means amount of tax on income, retained earnings and capital gains from land transfer minus deductions
such as amounts of income tax, foreign tax, etc.
20
(2) Number of corporations by income range (FY2016) ( 100 million yen )
by capital
Less than Over Over Over Over Over Over Consoli-
range
5 million 5 million 10 million 50 million 100 million 1 billion 10 billion Total dated
yen yen yen yen yen yen yen corp.
number
517,164 267,037 144,510 25,835 11,046 3,199 865 969,656 1,042
corporations of corp.
in profit amount
32,016 45,022 63,278 41,762 57,382 69,102 177,277 485,839 108,773
of income
number
Less than of corp. 186,490 60,548 16,905 1,256 359 46 6 265,610 6
1 million
yen amount of
718 249 81 6 2 0 0 1,057 0
income
number
Over 78,433 29,865 10,163 913 215 154 61 119,804 8
of corp.
1 million
yen amount of
1,126 435 149 13 3 2 1 1,729 0
income
number
Over 50,329 21,324 7,658 687 162 23 12 80,195 12
of corp.
2 million
yen amount of
1,222 526 191 17 4 0 0 1,960 0
income
number
Over 62,767 30,388 12,231 1,172 286 18 9 106,871 14
of corp.
3 million
yen amount of
2,405 1,188 482 47 12 1 0 4,136 1
income
number
Over 70,215 43,366 20,825 2,163 618 34 6 137,227 35
of corp.
5 million
yen amount of
4,866 3,111 1,517 161 46 2 0 9,703 3
income
number
Over 39,323 35,067 22,284 2,793 757 50 6 100,280 43
of corp.
10 million
yen amount of
5,327 4,975 3,196 407 111 6 1 14,023 6
income
number
Over 21,796 29,701 26,740 4,822 1,307 110 8 84,484 82
of corp.
20 million
yen amount of
6,386 9,245 8,548 1,594 432 36 3 26,244 29
income
number
Over 5,294 10,190 14,110 3,783 1,240 145 8 34,770 76
of corp.
50 million
yen amount of
3,605 7,137 9,853 2,697 904 97 6 24,301 55
income
Over number
1,712 4,295 7,786 3,320 1,371 230 25 18,739 104
100 of corp.
million amount of
yen 2,414 6,008 10,775 4,776 1,993 323 38 26,327 155
income
Over number
613 1,787 4,433 3,095 2,074 473 39 12,514 132
200 of corp.
million amount of
yen 1,835 5,390 13,007 9,529 6,817 1,516 136 38,230 431
income
Over number
137 332 969 1,109 1,355 443 53 4,398 105
500 of corp.
million amount of
yen 912 2,490 6,407 7,502 9,719 3,025 392 30,448 727
income
number
Over 55 174 406 722 1,302 1,473 632 4,764 425
of corp.
1 billion
yen amount of
1,200 4,267 9,071 15,013 37,338 64,093 176,699 307,680 107,367
income
number
1,041,654 464,082 154,446 24,011 3,680 747 204 1,688,824 603
corporations of corp.
in deficit amount
22,470 19,984 16,959 8,637 8,711 6,125 12,307 95,193 13,308
of income
21
2-7 Statistics of Taxation about Inheritance Tax
(1) Amount of Inheritance Tax ( 100 million yen, person )
2009 2010 2011 2012 2013 2014 2015 2016
Taxable amount
Amount of money 101,230 104,630 107,468 107,718 116,381 114,881 145,714 148,021
Number of heirs* 134,493 143,287 146,270 147,920 152,638 155,889 272,714 277,857
Amount of tax
payment
Amount of money 11,632 11,753 12,516 12,446 15,366 13,904 18,116 18,679
Number of heirs* 115,574 122,705 125,033 126,371 130,438 133,141 233,255 238,287
Number of ancestors 46,439 49,891 51,559 52,572 54,421 56,239 103,043 105,880

This table for statistics of taxation is prepared based on “Returns, resolutions, etc.” which describe the returns filed or cases
processed (corrections or determinations, etc.) through October 31, 2017 with respect to persons who acquire property
from ancestors through inheritance, bequest or gifts under the taxation system for settlement at the time of inheritance for which
the said inheritances commenced during 2016(excluding cases when all persons acquiring property from the same ancestors
have no taxation balance) .
(2) Number of persons, Taxable amount, and Amount of tax (2016) ( 100 million yen, person )
Taxable Less than Over Over Over Over Over Over Over
amount 100 million 100 million 200 million 300 million 500 million 700 million 1 billion 2 billion Total
class yen yen yen yen yen yen yen yen
Number of
91,767 30,136 7,282 4,500 1,483 850 665 208 136,891
ancestors
Taxable
55,396 41,098 17,604 17,048 8,674 6,995 8,740 8,259 163,814
amount
Amount of
tax 13,689 3,088 2,227 2,969 1,886 1,718 2,459 2,965 18,681
payment
Number of
248,998 94,508 23,939 15,241 5,004 2,951 2,413 729 393,783
legal heirs

This table for statistics of taxation is prepared based on “Returns, resolutions, etc.” which describe the returns filed or cases
processed (corrections or determinations, etc.) through October 31, 2017 with respect to persons who acquire property from
ancestors through inheritance, bequest or gifts under the taxation system for settlement at the time of inheritance for which
the said inheritances commenced during 2016(excluding cases when all persons acquiring property from the same ancestors
have no taxation balance) .
22
2-8 Statistics of Taxation about Consumption Tax (FY2016)
(1) Amount of Consumption Tax ( 100 million yen)
Individual enterprises Corporations Total
Number Amount Number Amount Number Amount

of cases of tax of cases of tax of cases of tax
For the current year
Total of tax returns 1,127,472 6,012 1,856,023 156,205 2,983,495 162,217
Ordinary tax return and

465,766 3,146 1,339,541 153,048 1,805,307 156,194
disposition
Simplified tax return and case

661,706 2,866 516,482 3,157 1,178,188 6,023
processed
Refund returns and cases

36,961 344 136,065 38,408 173,026 38,752
processed
For the preceding years
Net increase of tax by filing

77,495 194 103,816 653 181,311 847
returns and cases processed
Net reduction of tax by filing

10,607 28 17,820 388 28,427 416
returns and cases processed
Grand total * 1,202,039 5,834 * 2,008,087 118,063 * 3,210,126 123,897
Additional tax 79,654 35 83,860 138 163,514 173
(Period covered by survey, etc.)

As for the current year, taxation statistics for the period of taxation which ended between April 1, 2016 and March 31, 2017, on
the basis of returns filed or cases processed (correction, determination etc.) made by June 30, 2017 (including returns filed by
national and local public bodies by September 30, 2017) is shown according to "Returns, resolutions, etc."
As for the preceding years, taxation statistics for the period of taxation which ended by March 31, 2016, on the basis of returns
filed and cases processed (correction, determination etc.) made between July 1, 2016 and June 30, 2017 (except for returns filed
by national and local public bodies between July 1, 2016, and September 30, 2016), is shown according to "Returns,
resolutions, etc."
(Notes) 1. Data related to custom house are not included.
2. "*" in the column "Number of cases" means actual number of cases.
(2) Number of notifications of taxable business enterprises, etc. (Number of cases)
Number of Notifications of Taxable Enterprise Status for Consumption Tax 3,197,280
Number of Notifications of Choosing Taxable Enterprise for Consumption Tax 110,487
Number of Notifications of Being Qualified for a Newly Formed Corporation 14,053
Total 3,321,820
(Period covered by survey, etc.)

The table shows the number of notifications as of the end of FY 2016 (March 31, 2017).
(Note) Notifications of quitting being a taxpayer or Notifications of Not Choosing Taxable Enterprise for Consumption Tax are not
included.
23
2-9 Local Tax Receipts
FY 1985 FY 1995 FY 2005 FY 2010
Prefectural Tax 102,040 100.0 139,090 100.0 152,269 100.0 140,262 100.0
Ordinary Tax 92,991 91.1 119,637 86.0 136,796 89.8 140,164 99.9
Prefectural Inhabitants Tax 29,513 28.9 44,604 32.1 35,854 23.5 54,767 39.0
Enterprise Tax 39,370 38.6 44,856 32.2 49,142 32.3 24,371 17.4
Local Consumption Tax －－－－ 25,512 16.8 26,419 18.8
Real Property Acquisition Tax 4,346 4.3 7,876 5.7 4,767 3.1 3,789 2.7
Prefectural Tobacco Excise Tax 3,130 3.1 3,783 2.7 2,752 1.8 2,561 1.8
Local Entertainment Tax 1,083 1.1 977 0.7 620 0.4 546 0.4
Automobile Acquisition Tax －－－－－－ 1,916 1.4
Light Oil Delivery Tax －－－－－－ 9,180 6.5

Tax on Consumption at Hotels
4,757 4.7 1,330 1.0 1 0.0 －－
and Restaurants
Automobile Tax 10,380 10.2 15,873 11.4 17,528 11.5 16,155 11.5
Mine-lot Tax 9 0.0 6 0.0 4 0.0 4 0.0
Hunters License Tax 27 0.0 20 0.0 －－－－
Prefectural Property Tax 123 0.1 100 0.1 164 0.1 52 0.0
Others 253 0.2 213 0.2 453 0.3 404 0.3
Earmarked Tax 9,049 8.9 19,448 14.0 15,473 10.2 99 0.1
Reduction of taxes by the Great

－－－－－－－－
East Japan Earthquake
Others －－ 5 0.0 0 0.0 －－
Municipal Tax 131,125 100.0 197,660 100.0 195,775 100.0 202,901 100.0
Ordinary Tax 120,404 91.8 180,670 91.4 179,142 91.5 185,847 91.6
Municipal Inhabitants Tax 66,454 50.7 88,061 44.6 81,555 41.7 87,485 43.1
Property Tax 41,747 31.8 83,627 42.3 87,547 44.7 88,650 43.7
Light Vehicle Tax 698 0.5 1,055 0.5 1,515 0.8 1,776 0.9
Municipal Tobacco Excise Tax 5,515 4.2 6,691 3.4 8,453 4.3 7,876 3.9
Mineral Product Tax 46 0.0 22 0.0 16 0.0 18 0.0
Special Landholding Tax 552 0.4 1,208 0.6 43 0.0 29 0.0
Others 5,393 4.1 6 0.0 14 0.0 14 0.0
Earmarked Tax 9,316 7.1 16,322 8.3 15,559 7.9 16,091 7.9

－－－－－－－－
Others 1,405 1.1 668 0.3 1,074 0.6 963 0.5
Prefectural Tax 102,040 43.8 139,090 41.3 152,269 43.7 140,262 40.9
Municipal Tax 131,125 56.2 197,660 58.7 195,775 56.3 202,901 59.1
Total Local Tax 233,165 100.0 336,750 100.0 348,044 100.0 343,163 100.0
(Note) FY2017 and FY2018 is local government finance plan.
24
FY 2015 FY 2016 FY 2017 FY 2018
180,222 100.0 181,140 100.0 180,018 100.0 176,930 100.0 Prefectural Tax
180,124 99.9 181,042 99.9 180,077 100.0 176,830 100.0 Ordinary Tax
61,105 33.9 58,914 32.5 58,792 32.7 54,950 31.1 Prefectural Inhabitants Tax
37,034 20.5 42,613 23.5 43,390 24.1 42,433 24.0 Enterprise Tax
49,742 27.6 47,028 26.0 45,993 25.5 47,068 26.6 Local Consumption Tax
3,768 2.1 3,967 2.2 4,108 2.3 4,186 2.4 Real Property Acquisition Tax
1,530 0.8 1,489 0.8 1,508 0.8 1,407 0.8 Prefectural Tobacco Excise Tax
475 0.3 459 0.3 449 0.2 448 0.3 Local Entertainment Tax
1,373 0.8 1,461 0.8 1,319 0.7 1,665 0.9 Automobile Acquisition Tax
9,246 5.1 9,332 5.2 9,310 5.2 9,492 5.4 Light Oil Delivery Tax
Tax on Consumption at Hotels
－－－－－－－－
and Restaurants
15,428 8.6 15,349 8.5 15,174 8.4 15,258 8.6 Automobile Tax
3 0.0 3 0.0 3 0.0 3 0.0 Mine-lot Tax
－－－－－－－－ Hunters License Tax
23 0.0 28 0.0 31 0.0 75 0.0 Prefectural Property Tax
397 0.2 399 0.2 －－－－ Others
99 0.1 98 0.1 8 0.0 8 0.0 Earmarked Tax

－－－－ -67 -0.0 -63 -0.0
0 0.0 －－－－－－ Others
210,763 100.0 212,784 100.0 211,365 100.0 218,092 100.0 Municipal Tax
193,554 91.8 195,369 91.8 194,169 91.9 200,426 91.9 Ordinary Tax
95,480 45.3 95,736 45.0 93,440 44.2 99,748 45.7 Municipal Inhabitants Tax
86,639 41.1 88,032 41.4 88,957 42.1 89,434 41.0 Property Tax
2,003 1.0 2,384 1.1 2,506 1.2 2,604 1.2 Light Vehicle Tax
9,361 4.4 9,109 4.3 9,228 4.4 8,614 3.9 Municipal Tobacco Excise Tax
21 0.0 19 0.0 21 0.0 18 0.0 Mineral Product Tax
33 0.0 72 0.0 17 0.0 8 0.0 Special Landholding Tax
18 0.0 17 0.0 －－－－ Others
16,298 7.7 16,512 7.8 16,464 7.8 16,995 7.8 Earmarked Tax

－－－－ -155 -0.1 -201 -0.1
911 0.4 903 0.4 887 0.4 872 0.4 Others
180,222 46.1 181,140 46.0 180,018 46.0 176,930 44.8 Prefectural Tax
210,763 53.9 212,784 54.0 211,365 54.0 218,092 55.2 Municipal Tax
390,986 100.0 393,924 100.0 391,383 100.0 395,022 100.0 Total Local Tax
25
3 FOREIGN TRADE
3-1 Value of Exports and Imports by Region (Country)
(1) Exports ( 100 million yen )
2011 2012 2013 2014 2015 2016 2017

Total 655,465 637,476 697,742 730,930 756,139 700,358 782,865
Asia 366,859 348,550 378,666 395,182 403,287 371,070 429,200
P. R.China 129,022 115,091 126,252 133,815 132,234 123,614 148,897
Hong Kong 34,198 32,762 36,513 40,393 42,360 36,515 39,741
Taiwan 40,577 36,732 40,608 42,316 44,725 42,677 45,578
Korea 52,691 49,113 55,118 54,559 53,266 50,204 59,752
Singapore 21,701 18,594 20,473 22,252 24,026 21,546 25,406
Thailand 29,885 34,889 35,072 33,198 33,863 29,744 33,004
Malaysia 14,961 14,127 14,872 14,967 14,526 13,183 14,313
Indonesia 14,123 16,187 16,618 15,605 13,963 12,301 15,022
Philippines 8,941 9,458 9,445 10,461 11,481 11,230 12,480
Viet Nam 7,638 8,573 10,294 12,528 15,164 14,106 16,881
India 8,821 8,454 8,390 8,610 9,813 8,893 9,932
(Asian NIEs) 149,167 137,200 152,713 159,521 164,377 150,943 ―
(ASEAN) 97,989 103,278 108,279 110,800 114,949 103,785 118,720
Oceania 17,779 18,366 20,289 19,584 20,985 20,096 23,009
Australia 14,184 14,708 16,556 15,012 15,549 15,321 17,956
New Zealand 1,533 1,564 2,135 2,509 2,554 2,377 2,761
North America 107,271 120,073 137,760 144,950 161,606 150,293 161,891
USA 100,177 111,884 129,282 136,493 152,246 141,429 151,135
Canada 7,094 8,189 8,478 8,458 9,361 8,864 10,757
Middle South America 35,276 34,352 35,599 35,630 33,750 30,017 31,545
Brazil 4,942 4,730 5,527 5,003 4,757 3,031 3,805
Mexico 8,145 8,439 9,459 11,262 12,676 11,579 12,636
Chile 1,868 1,590 1,658 1,810 2,023 1,695 1,967
Western Europe 81,503 66,845 71,402 77,449 81,022 81,786 90,534
Germany 18,714 16,600 18,502 20,179 19,648 19,171 21,246
U. K. 13,044 10,646 10,837 11,843 12,996 14,834 15,392
France 6,377 5,336 6,132 6,274 6,345 6,497 7,024
Netherlands 14,289 12,896 13,572 13,819 14,035 12,829 13,949
Italy 4,247 2,922 3,193 3,721 4,349 5,114 5,487
Belgium 5,420 5,005 5,167 5,868 6,197 6,211 6,611
Switzerland 7,349 3,493 3,232 3,208 3,267 3,397 5,699
Sweden 1,536 1,390 1,232 1,427 1,618 1,566 1,542
Ireland 711 704 1,020 1,762 1,338 826 920
Spain 2,501 1,931 2,017 2,418 2,865 3,083 3,296
Central and Eastern
16,696 16,353 18,098 17,195 13,462 12,863 14,754
Europe, Russia
Russia 9,407 10,051 10,693 9,719 6,177 5,547 6,737
(EU) 76,193 65,006 70,002 75,853 79,851 79,817 86,569
Middle East 19,555 22,618 24,778 29,875 31,670 25,846 23,499
UAE 5,923 7,156 8,302 10,096 10,521 8,684 8,096
Saudi Arabia 5,172 6,568 6,682 8,049 8,260 5,463 4,189
Kuwait 1,074 1,502 1,836 2,014 2,257 1,843 1,600
Qatar ― ― ― ― ― ― 1,335
Oman ― ― ― ― ― ― 2,612
Iran 1,361 521 164 266 348 632 985
Africa 10,528 10,320 11,150 11,065 10,356 8,387 8,433
South Africa 3,437 3,242 3,380 3,431 3,255 2,422 2,820
(Note) 1. The value of exports is based upon the F.O.B.value.
2. “Singapore” is included in both “ASIA NIEs” and “ASEAN”
28
(2) Imports ( 100 million yen )
2011 2012 2013 2014 2015 2016 2017

Total 681,112 706,886 812,425 859,091 784,055 660,420 753,792
Asia 303,913 313,057 359,715 386,181 383,585 331,988 370,261
P. R.China 146,419 150,388 176,600 191,765 194,288 170,190 184,593
Hong Kong 1,230 1,214 1,564 1,765 2,274 2,123 2,046
Taiwan 18,519 19,206 23,153 25,676 28,174 24,953 28,478
Korea 31,701 32,337 34,931 35,313 32,439 27,221 31,527
Singapore 6,909 6,995 7,274 8,339 9,566 8,110 9,565
Thailand 19,532 18,857 21,503 22,995 24,718 21,897 25,502
Malaysia 24,257 26,213 29,012 30,867 26,016 18,781 21,619
Indonesia 27,160 25,764 28,130 27,156 23,903 19,889 22,307
Philippines 7,121 7,455 9,011 10,763 10,738 9,829 10,961
Viet Nam 9,199 12,034 13,890 16,307 18,322 17,661 20,791
India 5,433 5,585 6,903 7,391 5,887 5,093 5,999
(Asian NIEs) 58,358 59,753 66,922 71,094 72,452 62,406 ―
(ASEAN) 99,512 103,055 114,864 122,520 118,433 100,467 115,452
Oceania 48,932 49,009 53,760 57,064 48,875 38,426 49,692
Australia 45,139 45,036 49,769 50,897 42,100 33,211 43,650
New Zealand 2,476 2,417 2,632 2,910 2,886 2,550 2,779
North America 69,702 71,030 79,932 87,411 91,781 83,307 93,245
USA 59,314 60,821 68,148 75,427 80,598 73,221 80,903
Canada 10,316 10,125 11,695 11,900 11,094 10,028 12,263
Middle South America 27,722 28,208 32,929 31,957 30,745 27,263 31,560
Brazil 10,091 9,520 10,697 10,245 9,096 7,341 8,041
Mexico 3,169 3,514 4,119 4,525 5,751 6,254 6,488
Chile 7,821 7,441 7,757 8,612 7,257 5,892 7,344
Western Europe 70,307 72,455 82,663 88,550 93,469 87,770 94,206
Germany 18,562 19,717 23,246 25,515 24,542 23,945 26,272
U. K. 5,786 5,825 6,411 6,753 7,884 7,080 7,930
France 9,436 10,240 11,377 12,127 11,471 10,835 11,665
Netherlands 4,552 3,921 4,400 4,543 3,277 2,568 2,687
Italy 6,914 7,645 9,306 9,105 9,112 9,517 11,584
Belgium 2,674 2,189 2,424 2,669 2,641 2,710 3,085
Switzerland 6,248 6,560 7,124 7,633 8,948 8,318 8,770
Sweden 2,041 1,997 2,270 2,308 2,263 2,404 2,772
Ireland 3,332 3,533 3,553 3,426 8,762 6,904 5,521
Spain 2,700 3,048 3,644 4,333 4,431 4,026 3,756
Central and Eastern
18,547 20,740 28,107 31,833 25,932 18,677 23,085
Europe, Russia
Russia 15,139 16,602 23,076 26,185 19,047 12,273 15,507
(EU) 64,110 66,418 76,489 81,688 86,250 81,517 87,566
Middle East 128,323 135,422 156,675 158,260 95,713 65,011 82,425
UAE 34,131 35,095 41,478 43,998 28,462 18,802 23,288
Saudi Arabia 40,258 43,760 48,633 50,153 30,353 21,249 31,150
Kuwait 10,442 12,181 13,120 13,048 7,759 4,605 6,635
Qatar ― ― ― ― ― ― 12,333
Oman ― ― ― ― ― ― 2,105
Iran 10,274 6,355 6,760 6,534 3,934 3,620 4,009
Africa 13,661 16,962 18,643 17,833 13,952 7,977 9,314
South Africa 6,746 5,113 6,588 6,039 5,983 4,576 5,340
(Note) 1. The value of imports is based upon the C.I.F.value.
2. “Singapore” is included in both “ASIA NIEs” and “ASEAN”
29
3-2 Value of Exports and Imports by Principal Commodity
( 100 million yen )
2011 2012 2013 2014 2015 2016 2017
Exports 655,465 637,476 697,742 730,930 756,139 700,358 782,865
Foodstuff 3,591 3,554 4,358 4,815 5,986 6,073 6,445
Raw materials 9,716 10,597 12,063 11,938 11,370 9,468 11,272
Mineral fuels 12,471 10,256 15,329 15,169 12,449 8,981 11,171
Chemicals 67,980 63,646 75,074 78,177 77,594 71,228 81,924
Manufactured goods 87,861 84,421 91,768 94,637 92,198 78,466 86,857
Machinery 138,033 128,428 133,590 142,184 144,239 136,135 156,848
Electrical machinery 116,001 114,051 120,516 126,500 132,887 123,225 136,953
Transport equipment 140,334 149,946 163,321 169,070 181,407 173,380 182,319
Motor vehicles 82,042 92,250 104,125 109,194 120,463 113,329 118,254
Others 79,478 72,577 81,723 88,439 98,009 93,402 109,074
Imports 681,112 706,886 812,425 859,091 784,055 660,420 753,792
Foodstuff 58,542 58,523 64,731 67,318 70,021 63,629 70,176
Raw materials 52,703 47,680 53,576 55,896 48,531 40,121 47,250
Mineral fuels 218,162 240,882 274,438 276,924 182,181 120,520 158,400
Petroleum 114,147 122,472 142,448 138,734 81,848 55,319 71,549
Chemicals 60,976 59,263 64,642 68,642 77,479 71,108 75,666
Manufactured goods 60,692 55,076 62,455 69,937 70,390 60,678 68,488
Machinery 49,697 50,039 59,689 67,610 70,685 63,574 72,139
Electrical machinery 79,888 84,378 103,093 115,325 120,145 107,919 120,481
Transport equipment 17,376 23,118 27,882 30,563 31,263 30,940 31,701
Others 83,075 87,927 101,919 106,876 113,361 101,930 109,490
(Note) The value of exports is based upon the F.O.B.value, and the value of imports is based upon the C.I.F.value.
30
3-3 Foreign Trade Indexes ( Based on yen )
(1) Summary Indexes ( 2010=100 )

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Exports
Value Index 120.2 80.4 100.0 97.3 94.6 103.5 108.4 112.2 103.9 116.2
Quantum Index 109.7 80.5 100.0 96.2 91.6 90.2 90.7 89.8 90.0 94.7
Unit Index 109.6 99.8 100.0 101.1 103.3 114.8 119.6 125.0 115.5 122.7
Imports
Value Index 129.9 84.8 100.0 112.1 116.3 133.7 141.4 129.0 108.7 124.1
Quantum Index 102.5 87.8 100.0 102.6 105.0 105.3 106.0 103.0 102.6 105.9
Unit Index 126.7 96.5 100.0 109.3 110.8 127.0 133.4 125.3 105.9 117.2
Terms Classification of Trade
Index 86.5 103.4 100.0 92.5 93.2 90.4 89.7 99.8 109.1 104.7
(Note) The indexes before 2010, are calculated propotionally to let the index in 2010 be 100.
(2) Quantum Indexes ( 2010=100 )

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Exports 109.7 80.5 100.0 96.2 91.6 90.2 90.7 89.8 90.0 94.7
Foodstuff 98.6 93.1 100.0 85.7 86.5 101.7 107.3 125.3 124.4 123.1
Textiles 115.8 91.5 100.0 102.1 96.7 94.5 97.0 97.6 93.2 94.8
Chemicals 89.0 85.3 100.0 94.1 89.7 93.6 96.1 95.7 97.5 102.8
Non-metalic Mineral Manufactures 131.5 107.3 100.0 104.8 95.8 88.8 91.8 90.9 87.9 85.6
Metals 96.8 78.0 100.0 95.3 97.1 96.3 96.8 93.6 92.5 89.4
Machinery and Equipment 113.9 77.4 100.0 96.8 92.6 88.9 89.2 86.7 87.2 92.9
Miscellaneous 113.8 89.8 100.0 98.5 87.4 90.2 87.5 91.2 90.6 91.6
Imports 102.5 87.8 100.0 102.6 105.0 105.3 106.0 103.0 102.6 105.9
Foodstuff 100.6 96.5 100.0 104.1 104.8 102.3 100.3 99.6 101.0 105.4
Raw Materials 102.1 82.8 100.0 95.5 97.7 98.8 101.1 98.5 99.9 97.8
Mineral Fuels 107.6 95.4 100.0 101.7 107.2 106.4 103.2 101.5 98.6 97.6
Articles of apparel 102.7 101.1 100.0 103.8 102.7 106.1 101.9 96.7 97.2 99.0
Chemicals 95.6 85.3 100.0 107.6 108.0 111.7 116.4 115.9 121.9 124.2
Metals 111.1 77.6 100.0 109.3 101.4 99.6 105.5 101.4 100.8 107.0
Miscellaneous 108.0 93.3 100.0 103.4 105.0 105.1 102.9 96.1 95.9 97.9
(3) Unit Indexes ( 2010=100 )

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Exports 109.6 99.8 100.0 101.1 103.3 114.8 119.6 125.0 115.5 122.7
Foodstuff 100.8 96.7 100.0 103.2 101.1 105.5 110.5 117.6 120.2 128.9
Textiles 103.8 99.7 100.0 101.6 104.3 117.4 122.3 128.9 118.3 119.4
Chemicals 117.9 97.9 100.0 104.3 102.4 115.9 117.4 117.0 105.5 115.0
Non-metalic Mineral Manufactures 72.8 70.9 100.0 92.7 94.3 104.8 100.8 103.6 99.2 106.4
Metals 123.3 101.1 100.0 105.0 99.7 110.1 113.7 112.6 94.1 110.3
Miscellaneous 112.2 95.7 100.0 108.4 110.3 124.1 129.9 124.1 116.7 133.2
Imports 126.7 96.5 100.0 109.3 110.8 127.0 133.4 125.3 105.9 117.2
Foodstuff 118.8 99.6 100.0 108.2 107.4 121.7 129.0 135.2 121.2 128.1
Raw Materials 113.9 86.1 100.0 115.8 102.4 113.8 116.0 103.3 84.3 101.4
Mineral Fuels 147.8 85.5 100.0 123.3 129.2 148.2 154.2 103.2 70.3 93.3
Articles of apparel 110.7 99.9 100.0 108.5 112.0 130.8 139.3 153.9 135.0 138.0
Chemicals 111.5 99.9 100.0 105.4 102.0 107.6 109.6 124.2 108.4 113.2
Metals 134.6 92.0 100.0 104.5 95.2 107.6 116.9 119.9 100.7 114.5
Miscellaneous 111.4 102.9 100.0 100.6 105.2 122.5 133.4 147.0 133.6 139.8
31
3-4 Value of Exports and Imports, Country by Commodity (2017)
(1) Exports ( 100 million yen )
Manufac- Electrical Transport

Grand Raw Mineral Machi- Equipment
FoodStuff Chemicals tured Machi- Others
Total Materials Fuels nery Motor
Goods nery
vehicles
Total 782,865 6,445 11,272 11,171 81,924 86,857 156,848 136,953 182,319 118,254 109,074
Asia
P. R.China 148,897 681 4,343 1,172 22,997 17,550 33,117 33,765 13,958 5,592 21,315
Hong Kong 39,741 1,497 150 916 30,506 2,654 2,853 13,435 1,889 911 12,839
Taiwan 45,578 731 578 188 9,076 6,485 8,499 10,916 3,022 2,223 6,083
Korea 59,752 502 2,036 1,509 13,291 8,212 15,131 9,957 1,817 878 7,298
Singapore 25,406 233 44 1,863 1,783 1,487 3,448 4,222 3,402 991 8,923
Thailand 33,004 273 551 132 3,131 8,070 7,097 6,666 3,496 433 3,588
Malaysia 14,313 68 240 255 1,556 2,703 2,453 3,559 1,752 987 1,726
Indonesia 15,022 47 282 49 1,487 3,781 3,876 1,797 2,701 771 1,001
Philippines 12,480 65 69 343 998 1,634 2,149 2,977 2,367 1,842 1,876
Viet Nam 16,881 324 733 122 1,751 3,712 3,240 4,404 792 363 1,804
India 9,332 4 183 234 1,788 2,224 2,589 1,529 608 25 773
Oceania
Australia 17,956 142 28 2,590 387 1,132 1,778 561 8,550 8,021 2,789
New Zealand 2,761 18 4 45 57 167 401 62 1,752 1,692 256
North America
USA 151,135 946 656 613 8,857 9,722 33,991 20,667 60,662 45,684 15,022
Canada 10,757 85 21 1 224 561 1,200 1,071 5,511 3,708 2,083
Middle South America
Brazil 3,805 9 27 4 417 543 902 528 1,046 200 330
Mexico 12,636 9 27 186 415 2,409 2,917 1,808 4,133 2,075 731
Chile 1,967 0 7 328 65 251 168 33 1,068 1,029 46
Western Europe
Germany 21,246 46 213 21 1,647 1,373 4,288 6,406 3,164 2,164 4,088
U. K. 15,392 61 105 191 785 693 2,939 1,777 4,784 2,750 4,058
France 7,024 60 31 14 793 462 2,062 841 1,762 973 999
Netherlands 13,949 86 125 28 1,570 699 4,896 2,292 2,771 877 1,483
Italy 5,487 18 74 1 485 470 1,259 463 2,187 1,226 530
Belgium 6,611 14 121 2 1,065 550 1,196 570 2,306 976 786
Switzerland 5,699 9 11 0 639 114 135 113 574 447 4,105
Sweden 1,542 6 4 1 53 148 313 272 557 506 189
Ireland 920 1 2 0 393 16 201 31 164 159 112
Spain 3,296 9 22 7 179 143 595 347 1,769 1,427 224

Central and Eastern
Europe, Russia
Russia 6,737 36 5 51 171 623 1,217 444 3,787 2,948 404
Middle East
UAE 8,096 64 25 14 114 980 1,088 448 4,924 4,493 440
Saudi Arabia 4,189 21 7 17 205 904 574 205 2,109 1,899 147
Kuwait 1,600 2 1 1 26 172 143 68 1,140 1,087 46
Qatar 1,335 3 4 3 5 132 112 97 919 740 58
Oman 2,612 5 2 5 11 300 165 70 2,029 1,868 24
Iran 985 1 30 1 75 116 201 139 348 285 74
Africa
South Africa 2,820 18 12 9 126 257 485 168 1,613 1,313 130
(Note) The value of exports is based upon the F.O.B.value
32
(2) Imports ( 100 million yen )
Mineral Fuels Manufac- Electrical

Grand Raw Machi- Transport
FoodStuff Chemicals tured Machi- Others
Total Materials nery Equipment
Petroleum Goods nery
Total 753,792 70,176 47,250 158,400 71,549 75,666 68,488 72,139 120,481 31,701 109,490
Asia
P. R.China 184,593 9,108 2,005 1,108 0 11,295 21,190 31,135 54,797 4,919 49,037
Hong Kong 2,046 48 71 2 0 9 170 31 82 3 1,631
Taiwan 28,478 847 608 28 0 2,633 3,050 2,225 13,803 573 4,711
Korea 31,527 2,608 720 3,460 0 4,431 6,989 4,097 5,349 1,221 2,652
Singapore 9,565 509 249 542 0 2,434 157 1,995 1,654 175 185
Thailand 25,502 4,604 1,073 125 0 2,500 2,751 3,293 6,425 1,288 3,443
Malaysia 21,619 461 1,171 7,565 329 1,174 1,759 803 6,085 194 2,407
Indonesia 22,307 1,173 4,462 7,459 878 884 2,872 706 1,709 604 2,437
Philippines 10,961 1,206 1,376 11 0 234 1,292 1,154 3,994 267 1,428
Viet Nam 20,791 1,712 241 516 392 687 2,542 1,306 5,019 611 8,157
India 5,999 830 575 1,348 0 995 1,096 243 178 200 535
Oceania
Australia 43,650 4,385 7,793 28,755 181 407 1,884 53 48 67 258
New Zealand 2,779 1,470 213 47 0 257 707 22 14 2 46
North America
USA 80,903 14,388 4,625 6,896 643 13,463 3,758 12,868 10,792 5,345 8,769
Canada 12,263 2,857 4,678 1,759 0 808 738 343 268 434 377
Middle South America
Brazil 8,041 2,407 3,793 0 0 567 891 80 24 238 41
Mexico 6,488 1,182 661 877 877 235 295 462 1,355 752 669
Chile 7,344 2,106 4,446 0 0 205 581 1 1 0 4
Western Europe
Germany 26,272 551 160 24 0 7,514 1,363 3,471 3,330 7,750 2,108
U. K. 7,930 492 90 45 42 2,281 492 1,333 755 1,540 900
France 11,665 1,901 145 81 0 3,922 523 1,494 696 693 2,212
Netherlands 2,687 668 152 47 0 518 130 522 282 74 293
Italy 11,584 2,638 229 4 0 2,067 556 1,253 437 1,110 3,291
Belgium 3,085 269 42 18 0 1,728 294 98 137 404 95
Switzerland 8,770 675 12 4 0 3,891 202 662 324 8 2,993
Sweden 2,772 20 308 5 0 1,048 330 311 180 397 173
Ireland 5,521 148 14 0 0 2,883 26 157 716 1 1,576
Spain 3,756 983 394 47 0 1,045 166 151 232 319 419
Central and Eastern
Europe, Russia
Russia 15,507 1,342 692 10,754 4,164 82 2,614 1 5 2 16
Middle East
UAE 23,288 4 97 22,336 17,547 12 780 2 3 1 54
Saudi Arabia 31,150 1 157 30,021 28,745 569 389 0 0 0 13
Kuwait 6,635 0 9 6,618 4,928 6 0 0 0 0 2
Qatar 12,333 0 5 12,170 5,260 61 92 0 0 0 4
Oman 2,105 13 28 1,997 670 18 47 0 0 0 1
Iran 4,009 18 2 3,945 3,925 10 29 3 0 0 1
Africa
South Africa 5,340 288 802 22 0 79 3,471 10 2 658 9

(note) The value of imports is based upon the C.I.F. value.
33
4 PUBLIC FINANCE
4-1 Receipts and Payments of the Treasury Funds with the Private Sector
FY2012 FY2013 FY2014
Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance
1 General Account 563,449 715,944 -152,495 600,580 709,872 -109,292 688,556 757,607 -69,051
Taxes 519,538 87,307 432,231 553,374 88,689 464,686 633,744 108,520 525,223
Non-tax Receipt 26,625 － 26,625 26,557 － 26,557 30,880 － 30,880
Social Security － 171,325 -171,325 － 170,682 -170,682 － 178,285 -178,285

Grants to Local
17,286 207,573 -190,287 20,649 203,455 -182,806 23,932 205,455 -181,523
Government Entities
National Defense － 46,019 -46,019 － 46,331 -46,331 － 48,344 -48,344
Public Works － 33,198 -33,198 － 41,213 -41,213 － 74,127 -74,127
Treasury's Share in
Compulsory Education － 15,298 -15,298 － 14,604 -14,604 － 15,242 -15,242
Expenditure
Miscellaneous － 155,225 -155,225 － 144,900 -144,900 － 127,634 -127,634
2 Special Accounts etc. 929,083 1,121,426 -192,343 879,945 1,157,043 -277,097 860,394 1,024,338 -163,943
Fiscal Investment and
258,370 184,078 74,292 260,265 180,833 79,432 213,502 144,430 69,072
Loan
Infrastructure
12,298 29,850 -17,552 12,573 34,395 -21,823 N.A. N.A. N.A.
Development
Foreign Exchange
160,358 129,919 30,439 125,422 160,493 -35,071 122,809 111,129 11,680
Equalization Fund
Insurance 404,499 565,097 -160,598 429,800 571,769 -141,969 479,186 574,173 -94,987
Miscellaneous 93,559 212,482 -118,923 51,885 209,552 -157,667 44,897 194,605 -149,708
Special Accounts and

State Owned Enterprises
Abolished in the Previous N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Fiscal Year
3 Subtotal （1+2） 1,492,533 1,837,370 -344,837 1,480,526 1,866,915 -386,389 1,548,951 1,781,945 -232,994
4 Government Bonds
1,318,223 725,550 592,674 1,439,410 735,607 703,803 1,446,248 805,171 641,077
etc.
Government Bonds
1,288,206 717,930 570,276 1,394,038 705,934 688,104 1,396,269 760,054 636,215
(over one year)
Borrowings 30,017 7,619 22,398 45,372 29,673 15,699 49,979 45,117 4,862
5 Treasury Discount
4,417,095 4,278,624 138,470 4,379,239 3,625,662 753,577 4,221,245 3,313,014 908,231
Bills etc.
Treasury Discount
3,955,095 3,817,299 137,795 3,914,238 3,160,661 753,577 3,748,744 2,840,514 908,231
Bills
Short Term Borrowings 462,000 461,325 675 465,000 465,000 -0 472,500 472,500 0
6 Subtotal （4+5） 5,735,318 5,004,174 731,144 5,818,648 4,361,269 1,457,380 5,667,493 4,118,185 1,549,308
7 Total （3+6） 7,227,851 6,841,544 386,307 7,299,174 6,228,184 1,070,990 7,216,444 5,900,130 1,316,314
8 Adjustments 109,462 109,133 329 90,219 90,074 145 66,882 66,852 30
9 Grand Total （7+8） 7,337,313 6,950,677 386,636 7,389,393 6,318,258 1,071,136 7,283,326 5,966,982 1,316,344
(Notes) 1. Negative figures signifies excess in payments.
2. Figures do not sum up to total because of rounding.
3. The data in the description are initially announced figures.
4. "N.A." is no category.
5. "Special Accounts and State Owned Enterprises Abolished in the Previous Fiscal Year" refers to
Forest Insurance.
(Annotations)
1.Redemption of T-Bills held to maturity by the Bank of Japan, acquired through outright purchase operations etc, is excluded from the
above table but is indicated in the following lines for information.
Redemption of T-Bills
held to maturity by the 196,723 758,442 935,098
Bank of Japan
2．The amount of transfer within national treasury of overseas remittances of exchequer cash is as follows, and this isn’t included in the
Receipts and Payments of the Treasury Funds with the Private Sector but included in the Transfer Balance within National Treasury.
The amount of transfer
within national treasury
3,823 4,880 6,222
of overseas remittances
of exchequer cash
36
( 100 million yen)
FY2015 FY2016 FY2017

Category
Receipts Payments Balance Receipts Payments Balance Receipts Payments Balance
780,743 788,756 -8,013 756,451 785,413 -28,962 786,479 788,933 -2,455 1 General Account
723,385 149,701 573,684 702,929 144,700 558,229 734,059 148,985 585,074 Taxes
36,458 － 36,458 35,713 － 35,713 33,856 － 33,856 Non-tax Receipt
－ 185,573 -185,573 － 193,861 -193,861 － 198,478 -198,478 Social Security

Grants to Local
20,901 202,507 -181,607 17,809 197,619 -179,811 18,563 193,621 -175,058
Government Entities
－ 49,174 -49,174 － 48,272 -48,272 － 49,408 -49,408 National Defense
－ 63,731 -63,731 － 63,435 -63,435 － 65,834 -65,834 Public Works

Treasury's Share in
Compulsory
－ 15,238 -15,238 － 15,254 -15,254 － 15,306 -15,306
Education
Expenditure
－ 122,832 -122,832 － 122,271 -122,271 － 117,301 -117,301 Miscellaneous
881,780 1,071,253 -189,473 834,487 1,044,859 -210,372 798,875 1,023,356 -224,481 2 Special Accounts etc.
Fiscal Investment
189,501 131,280 58,221 171,975 134,952 37,023 148,051 119,907 28,143
and Loan
Infrastructure
N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Development
Foreign Exchange
154,237 151,504 2,733 120,517 125,765 -5,249 94,393 95,657 -1,264
Equalization Fund
491,355 589,054 -97,699 504,501 602,061 -97,560 501,099 615,025 -113,925 Insurance
46,687 199,264 -152,578 37,107 181,960 -144,853 55,332 182,192 -126,859 Miscellaneous
Special Accounts and
State Owned
0 151 -151 N.A. N.A. N.A. － 10,576 -10,576 Enterprises Abolished
in the Previous Fiscal
Year
1,662,523 1,860,009 -197,486 1,590,937 1,830,272 -239,334 1,585,354 1,812,290 -226,936 3 Subtotal （1+2）
4 Government Bonds
1,453,288 780,816 672,472 1,445,445 715,779 729,666 1,382,218 610,527 771,690
etc.
Government
1,393,724 731,098 662,625 1,377,314 656,471 720,843 1,307,478 542,577 764,901
Bonds(over one year)
59,564 49,718 9,846 68,131 59,308 8,822 74,740 67,950 6,789 Borrowings
5 Treasury Discount
3,726,958 3,155,542 571,416 3,408,880 2,656,030 752,850 3,281,873 2,848,763 433,110
Bills etc.
Treasury Discount
3,264,958 2,693,541 571,416 2,946,878 2,194,029 752,849 2,819,869 2,386,760 433,109
Bills
Short Term
462,000 462,000 0 462,002 462,001 1 462,004 462,003 1
Borrowings
5,180,246 3,936,358 1,243,888 4,854,325 3,371,809 1,482,516 4,664,090 3,459,290 1,204,800 6 Subtotal （4+5）
6,842,769 5,796,366 1,046,402 6,445,262 5,202,081 1,243,182 6,249,444 5,271,580 977,864 7 Total （3+6）
81,611 69,372 12,239 90,009 93,697 -3,688 72,706 68,463 4,243 8 Adjustments
6,924,380 5,865,739 1,058,641 6,535,271 5,295,777 1,239,494 6,322,150 5,340,043 982,107 9 Grand Total （7+8）
Redemption of T-Bills
(TBs and FBs) held to
725,294 775,946 521,012
maturity by the Bank of
Japan
The amount of transfer

within national treasury
6,259 6,124 7,141
of overseas remittances
of exchequer cash
37
4-2 Central Government Debt
(1) Outstanding Government Bonds and Borrowings (100 million yen)
end of year 2012 2013 2014 2015 2016 2017
Government Bonds 8,121,519 8,490,829 8,742,354 9,022,005 9,289,145 9,562,520
General Bonds 6,910,195 7,396,775 7,684,358 7,994,861 8,263,734 8,513,398
（Reconstruction Bonds） (132,326) (109,234) (79,352) (79,308) (67,073) (35,935)
Long-term (10 years or more) 4,542,755 4,901,949 5,244,943 5,645,107 6,027,888 6,361,024
Medium-term (from 2 to 5 years) 1,926,459 2,047,235 2,063,809 1,978,956 1,894,076 1,868,435
Short-term (one year or less) 440,981 447,590 375,606 370,799 341,770 283,939
Fiscal Investment and Loan Program

1,133,769 1,032,958 968,317 951,188 941,224 928,584
Bonds
Long-term (10 years or more) 891,904 813,666 725,315 649,300 588,641 594,914
Medium-term (from 2 to 5 years) 241,865 219,293 243,002 301,888 352,584 333,671
Subsidy Bonds 1,976 1,445 1,345 1,043 1,855 1,887
Subscription / Contribution Bonds 22,568 26,348 28,300 29,141 47,265 45,900
Government Bonds issued to

13,247 13,247 13,247 13,247 13,247 13,247
Development Bank of Japan
Government Bonds issued to Nuclear
Damage Compensation and
32,510 16,423 44,663 32,525 21,820 59,503
Decommissioning Facilitation
Corporation
Government Bonds converted from
The Japan Expressway Holding and 7,254 3,633 2,124 －－－
Debt Repayment Agency Bonds
Borrowings 536,994 552,344 552,769 550,513 542,597 537,128
Long-term (over one year) 175,704 168,258 160,517 152,209 143,872 135,611
Short-term (one year or less) 361,291 384,086 392,252 398,304 398,725 401,516
Financing Bills 1,313,668 1,136,285 1,004,082 873,386 832,492 757,890
Total 9,972,181 10,179,459 10,299,205 10,445,904 10,664,234 10,857,537
(2) Outstanding Government Guaranteed Debts
Government Guaranteed Debts 453,914 457,480 446,574 424,421 409,652 406,690
(Notes) 1. Figures may not sum up to total because of rounding.

2. Avove "General Bonds" includes amount(48,674.1 billion yen) of Front Loading Issuance of Refunding Bonds for refunding
next year.
3. Above "Outstanding Government Bonds and Borrowings" includes government bonds and borrowings held by government.
38
5 BALANCE OF PAYMENTS
5-1 Balance of Payments
(1) Summary Table ( 100 million yen )
CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2017
Current account 104,013 47,640 44,566 39,215 165,194 210,615 219,514
Goods & Services -31,101 -80,829 -122,521 -134,988 -28,169 43,888 42,297
Goods -3,302 -42,719 -87,734 -104,653 -8,862 55,176 49,554
Exports 629,653 619,568 678,290 740,747 752,742 690,927 772,855
Imports 632,955 662,287 766,024 845,400 761,604 635,751 723,301
Services -27,799 -38,110 -34,786 -30,335 -19,307 -11,288 -7,257
Transport -6,202 -9,907 -7,183 -6,653 -6,831 -6,944 -6,653
Travel -12,963 -10,617 -6,545 -444 10,902 13,267 17,809
Other Services -8,634 -17,586 -21,058 -23,239 -23,378 -17,610 -18,413
Primary income 146,210 139,914 176,978 194,148 213,032 188,183 198,374
Compensation of Employees -59 -53 -47 -38 -115 -138 -146
Investment Income 146,269 139,967 177,025 195,358 214,041 189,232 199,089
Direct Investment 44,044 39,332 66,091 78,273 87,728 79,680 88,843
Portfolio Investment 95,386 93,960 105,179 110,044 121,062 103,553 102,593
Other Investment 6,839 6,675 5,756 7,041 5,251 5,999 7,653
Other primary income N.A. N.A. N.A. -1,172 -893 -910 -569
Secondary income -11,096 -11,445 -9,892 -19,945 -19,669 -21,456 -21,157
Capital account 282 -804 -7,436 -2,089 -2,714 -7,433 -2,872
Financial account 126,294 41,925 -4,087 62,782 218,764 282,764 176,642
Direct investment 93,101 93,591 142,459 125,877 161,319 145,293 168,271
Portfolio investment -135,245 24,435 -265,652 -48,330 160,294 296,496 -59,680
Equity securities other than

3,645 -46,918 -233,182 -23,546 53,980 74,740 -3,734
investment fund shares
Investment fund shares or unit N.A. N.A. N.A. 52,206 134,354 67,254 97,403
Long-term debt securities 34,908 105,680 -11,736 -77,641 65,538 159,157 -117,002
Short-term debt securities -173,798 -34,327 -20,735 651 -93,578 -4,655 -36,347
Financial derivatives (other than

-13,470 5,903 55,516 37,644 21,439 -16,582 34,561
reserves)
Other investment 44,010 -51,490 25,085 -61,306 -130,539 -136,662 6,972
Reserve assets 137,897 -30,515 38,504 8,898 6,251 -5,780 26,518
Net errors & omissions 21,998 -4,911 -41,217 25,656 56,283 79,583 -40,000
(Notes) 1. Totals may not add due to rounding.

2. Positive figures (+) show increase in net assets, negative figures (-) show decrease in net assets in "Financial account".
3. Until 2013, figures based on BPM5 are rearranged in accordance with BPM6.
4. Certain figures from January 2015 up to September 2017 are revised as of April 9, 2018.
40
(2) Breakdown by Region (CY2017) ( 100 million yen )
Total
Central Internat-
North and Middle ional Unalloc-
Asia Oceania Europe Africa
America South East Organi- ated
America zation
Current Account 219,514 106,476 131,856 20,025 -9,955 35,753 -65,219 -940 1,383 110
Goods & Services 42,297 58,542 76,609 -10,198 -22,768 8,883 -66,606 -2,189 16 －
Goods 49,554 32,680 92,218 -2,938 -23,234 17,641 -64,982 -1,831 3 －
Exports 772,855 379,643 180,480 31,300 24,947 132,523 16,853 7,106 3 －
Imports 723,301 346,962 88,262 34,238 48,181 114,883 81,835 8,937 －－
Services -7,257 25,862 -15,609 -7,260 466 -8,758 -1,623 -358 13 －
Transport -6,653 5,692 -843 -9,322 -714 40 -579 -927 0 －
Travel 17,809 20,388 -3,339 39 785 28 -37 -56 －－
Other Services -18,413 -218 -11,428 2,025 395 -8,825 -1,008 625 12 －
Primary income 198,374 52,006 64,126 31,682 13,447 28,331 1,566 1,380 5,726 110
Compensation of
-146 -72 17 -17 -2 -25 -19 -28 －－
Employees
Investment Income 199,089 52,408 64,032 31,701 13,454 28,547 1,621 1,489 5,726 110
Secondary income -21,157 -4,072 -8,879 -1,459 -635 -1,461 -179 -131 -4,359 －
Capital Account -2,872 -1,619 -27 -70 -82 -199 -57 -308 -509 －
Financial Account 176,642 160,400 17,747 197,321 65,663 -358,173 99,879 4,829 79,499 -90,518
Direct investment 168,271 36,591 52,865 9,460 3,321 61,879 2,239 1,917 －－
Portfolio investment -59,680 87,020 -45,710 174,832 61,747 -512,683 95,967 1,120 78,032 －
Financial derivatives
34,561 1,039 6,169 630 1,204 25,532 -14 3 -1 －
(other than reserves)
Others 33,490 35,750 4,424 12,399 -609 67,098 1,687 1,790 1,468 -90,518
(Notes) Totals may not add due to rounding.
41
5-2 Direct Investment Assets/Liabilities
(1) Summary Table ( 100 million yen )

CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2017
Direct Investment Assets Execution －－－ 791,606 707,362 556,567 553,379
Withdrawal －－－ 644,985 539,772 368,109 363,929
Net 92,408 93,998 152,960 146,622 167,591 188,458 189,450
Equity other than Execution －－－ 125,654 129,980 187,854 150,729

reinvestment of Withdrawal －－－ 48,488 34,606 72,037 48,616
earnings
Net 66,623 66,207 105,161 77,165 95,374 115,818 102,113
Execution －－－ 48,756 54,821 62,744 61,540
Reinvestment of
Withdrawal －－－－－－－
earnings
Net 19,338 16,781 37,073 48,756 54,821 62,744 61,540
Execution －－－ 617,197 522,561 305,969 341,110
Debt instruments Withdrawal －－－ 596,496 505,166 296,072 315,313
Net 6,447 11,010 10,727 20,701 17,395 9,896 25,797
Direct Investment Liabilities Execution －－－ 331,233 177,541 344,644 423,936
Withdrawal －－－ 310,487 171,269 301,478 402,758
Net -693 407 10,501 20,745 6,272 43,165 21,179
Equity other than Execution －－－ 42,028 20,288 21,227 22,942

reinvestment of Withdrawal －－－ 32,419 21,172 15,995 20,571
earnings
Net -2,782 713 2,883 9,609 -885 5,232 2,371
Execution －－－ 13,665 13,415 16,711 16,383
Reinvestment of
Withdrawal －－－－－－－
earnings
Net 861 144 7,278 13,665 13,415 16,711 16,383
Execution －－－ 275,539 143,838 306,705 384,612
Debt instruments Withdrawal －－－ 278,068 150,097 285,483 382,187
Net 1,228 -450 340 -2,529 -6,259 21,222 2,425
2. Until 2013, figures based on BPM5 are rearranged in accordance with BPM6.
(2) Country Breakdown (CY2017) ( 100 million yen )

Total
Central
North and Middle
Asia Oceania Europe Africa
America South East
America
Direct Investment Execution 553,379 85,431 185,988 35,564 9,743 226,240 2,925 7,487
Assets Withdrawal 363,929 42,520 126,658 23,122 6,142 159,309 618 5,560
Net 189,450 42,911 59,330 12,442 3,602 66,931 2,307 1,927
Direct Investment Execution 423,936 84,196 178,535 7,096 3,614 150,314 165 17
Liabilities Withdrawal 402,758 77,876 172,071 4,113 3,333 145,261 97 7
Net 21,179 6,320 6,465 2,983 280 5,053 68 10
42
(3) Breakdown by Region and Industry (CY2017) ( 100 million yen )
Central
North and Middle
World Asia Oceania Europe Africa
America South East
America
Direct Investment Income (Credit) 127,782 53,464 36,074 5,825 6,411 23,766 1,507 736
Manufacturing (total) 64,046 35,330 17,470 485 645 9,256 660 200
Food 3,090 1,400 960 193 354 176 － 6
Textile 357 243 50 -2 － 64 2 －
Lumber and Pulp 618 158 52 184 64 60 99 1
Chemicals and pharmaceuticals 10,898 3,751 3,220 91 -48 3,370 514 0
Petroleum 118 45 -54 31 － 13 83 －
Rubber and leather 3,308 655 2,467 -16 1 203 － -3
Glass and ceramics 1,491 702 292 27 10 460 －－
Iron, non- ferrous, and metals 3,249 1,806 1,166 -74 70 322 -47 6
General machinery 7,095 4,188 2,200 -7 12 678 8 15
Electric machinery 10,246 6,764 1,331 -22 33 2,136 -1 3
Transportation equipment 20,054 13,699 5,489 53 133 509 -1 172
Precision machinery 2,253 855 59 -4 － 1,342 2 -0
Non-manufacturing (total) 63,736 18,133 18,604 5,340 5,766 14,510 847 536
Farming and Forestry 43 1 36 9 11 -15 － 1
Fishery and marine products 53 17 11 -49 22 53 －－
Mining 4,569 48 -668 277 3,778 1,028 23 83
Construction 589 483 81 5 1 17 2 －
Transportation 2,226 660 354 804 54 179 7 168
Communications 2,935 330 -80 2,627 53 61 -0 -56
Wholesale and retail 24,298 9,748 6,906 448 1,109 5,480 549 59
Finance and Insurance 19,459 4,475 9,000 914 505 4,144 173 248
Real Estate 800 191 467 21 63 57 －－
Services 4,702 784 2,086 82 111 1,623 2 15
Direct Investment Income (Debit) 38,939 5,695 12,519 555 127 20,086 -55 8
Manufacturing (total) 15,439 731 3,344 83 4 11,332 -57 11
Food 1,166 7 842 27 － 291 －－
Textile 30 3 0 －－ 28 －－
Lumber and Pulp 18 18 0 －－ 0 －－
Chemicals and pharmaceuticals 3,409 158 1,688 6 － 1,628 -70 －
Petroleum 10 －－ 10 － -0 －－
Rubber and leather 16 6 0 －－ 10 －－
Glass and ceramics 24 3 － 1 － 21 －－
Iron, non- ferrous, and metals 155 107 23 17 3 4 －－
General machinery 1,513 29 100 29 － 1,355 －－
Electric machinery 3,303 228 491 -142 0 2,719 7 －
Transportation equipment 4,901 36 126 4 1 4,735 －－
Precision machinery 523 18 5 79 - 421 －－
Non-manufacturing (total) 23,500 4,964 9,175 472 124 8,754 1 11
Farming and Forestry -0 － 0 －－ -0 －－
Fishery and marine products －－－－－－－－
Mining 36 33 －－－ 3 －－
Construction 280 4 234 － 2 41 －－
Transportation 2,588 84 2,373 6 -1 118 － 8
Communications 3,472 467 715 31 － 2,259 0 －
Wholesale and retail 5,102 1,239 1,428 － 3 2,432 0 0
Finance and Insurance 9,477 2,441 3,958 400 110 2,567 －－
Real Estate 294 179 48 6 － 63 －－
Services 926 382 297 20 8 219 － 0
(Notes) "Manufacturing (total) "and "Non-manufacturing (total)" are not necessarily equal to the sum of the figures on the table.
They also include "Other manufacturing" / "Other non-manufacturing" respectively.
43
5-3 International Investment Position of Japan
(1) Recently Data

Assets
( billion yen )
end of year 2016 2017
Direct investment 158,885 174,699
Equity other than reinvestment of earnings 111,949 118,635
Reinvestment of earnings 33,750 41,386
Debt instruments 13,186 14,678
Portfolio investment 441,421 463,417
Equity and investment fund shares 164,210 189,313
Equity securities other than investment fund shares 72,394 86,187
Central bank 15 14
Deposit-taking corporations, except the central bank 285 255
General government 6 7
Other financial corporations 68,022 81,388
Others 4,064 4,572
Investment fund shares or units 91,816 103,126
Deposit-taking corporations, except the central bank 16,388 18,144
Others 5,274 5,846
Debt securities 277,212 274,104
Long-term 273,336 269,474
Others 20,240 20,458
Short-term 3,876 4,629
Other financial corporations 1,001 806
Others 508 1,033
Financial derivatives (other than reserves) 43,451 33,834
Others 0 0
Other investment 199,971 198,075
Other equity 8,340 8,983
Currency and deposits 19,995 16,923

Others 3,814 4,595
Loans 131,967 133,343
[Long-term] 74,150 73,823
[Short-term] 57,816 59,520

General government 22,855 22,701
Others 976 1,893
Insurance and pension reserves 865 945
Other financial corporations 809 889
Others 56 57
Trade credit and advances 7,853 8,599
[Long-term] 799 894
[Short-term] 7,055 7,705
Others 7,421 8,019
Other accounts receivable 30,950 29,282
[Long-term] 9,720 10,242
[Short-term] 21,230 19,040
Others 1,570 1,988
Reserve assets 142,560 142,406

Monetary gold 3,340 3,593
Special drawing rights 2,118 2,162
Reserve position in the IMF 1,407 1,192
Other reserve assets 135,696 135,459
Total assets 986,289 1,012,431
2. Certain figures at the end of 2015 are revised as of May 26, 2017.
3. Figures in "Others" include figures of nonfinancial corporations, households, and nonprofit institutions serving households.
44
Liabilities
( billion yen )
end of year 2016 2017
Direct investment 28,232 28,555
Equity other than reinvestment of earnings 16,145 16,310
Reinvestment of earnings 6,479 6,517
Debt instruments 5,609 5,727
Portfolio investment 325,214 377,687
Equity and investment fund shares 181,530 219,841
Equity securities other than investment fund shares 179,311 216,536

Others 157,961 192,752
Investment fund shares or units 3,219 3,306

Others ― ―
Debt securities 143,683 157,846
Long-term 84,084 95,167
Others 4,134 6,183
Short-term 59,599 62,678
Deposit-taking corporations, except the central bank 408 1,061
Others 254 397
Financial derivatives (other than reserves) 45,471 33,941
Others 27 64
Other investment 251,066 243,801
Other equity 882 882
Currency and deposits 28,596 35,574
Central bank 11,888 19,990
Loans 175,750 165,393

[Long-term] 10,824 10,696
[Short-term] 164,926 154,696
Central bank ― ―
General government ― ―
Others 1,943 2,290
Insurance and pension reserves 214 244
Trade credit and advances 3,406 3,267

[Long-term] 194 128
[Short-term] 3,212 3,139

Others 3,364 3,209
Other accounts receivable 40,284 36,470
[Long-term] 828 1,043
[Short-term] 39,456 35,427
Others 264 184
Special drawing rights 1,934 1,971
Total liabilities 649,982 683,984
Net international investment position 336,306 328,447

Central bank and general government 32,943 15,730
Sectors other than the central bank and general government 303,363 312,717
Others 6,502 -10,536
45
(2) Historical Data
( billion yen )
Assets
Financial derivatives
end of year Total Direct investment Portfolio investment Other investment Reserve assets
2011 583,100 75,565 262,639 4,188 140,192 100,517
2012 658,927 91,232 308,099 4,623 145,509 109,464
2013 797,686 119,302 361,253 8,207 175,394 133,529
2014 942,381 142,017 409,939 56,288 183,057 151,080
2015 949,919 151,852 423,314 45,080 181,121 148,553
2016 986,289 158,885 441,421 43,451 199,971 142,560
2017 1,012,431 174,699 463,417 33,834 198,075 142,406
Liabilities
Net international
Financial derivatives investment position
end of year Total Direct investment Portfolio investment Other investment
317,359 18,824 157,481 5,641 135,413 265,741
46
2011
2012 359,625 19,227 180,504 5,326 154,568 299,302
2013 471,955 19,551 252,008 8,656 191,739 325,732
2014 578,971 23,748 285,081 59,555 210,586 363,409
2015 610,702 24,770 320,544 45,692 219,696 339,217
2016 649,982 28,232 325,214 45,471 251,066 336,306
2017 683,984 28,555 377,687 33,941 243,801 328,447
2. Until the end of 2013, figures based on BPM5 are rearranged in accordance with BPM6. Figures at the end of 2013 based on BPM5 are rearranged in accordance with BPM6
as far as possible, although recording principles in some items remain different.
3. Since the end of 2014, Japan has moved to the statistics based on the 6th edition of the Balance of Payments and International Investment Position Manual(BPM6) by the IMF.
4. Certain figures at the end of 2016 are revised as of May 25, 2018.
5-4 International Transaction in Securities (Based on reports from designated major investors)
Portfolio Investment Assets ( 100 million yen )
2014 2015 2016 2017
Acquisition 438,705 510,260 472,922 555,459

Equity and
investment fund Disposition 397,194 375,749 411,211 455,111
shares
Net 41,511 134,510 61,710 100,348
Acquisition 2,918,889 3,526,456 3,755,544 3,119,717

Long-term debt
Disposition 2,909,221 3,408,515 3,545,995 3,108,500
securities
Net 9,668 117,941 209,549 11,217
Subtotal Net (A) 51,179 252,451 271,259 111,565
Acquisition 118,317 166,666 218,683 501,486

Short-term debt
Disposition 108,451 156,677 226,853 494,849
securities
Net 9,866 9,988 -8,170 6,637
Total (C) 61,045 262,440 263,089 118,202
Portfolio Investment Liabilities

Acquisition 4,115,951 5,231,108 4,955,097 5,167,744
Equity and
investment fund Disposition 4,089,468 5,228,502 5,011,755 5,162,228
shares
Net 26,483 2,606 -56,658 5,515
Acquisition 762,694 802,426 965,053 803,430

Long-term debt
Disposition 676,154 727,168 921,289 761,290
securities
Net 86,540 75,258 43,764 42,140
Subtotal Net (B) 113,022 77,865 -12,894 47,656
Acquisition 2,037,380 2,134,107 2,108,741 2,082,901

Short-term debt
Disposition 2,029,138 2,035,957 2,116,901 2,044,087
securities
Net 8,243 98,150 -8,160 38,814
Total (D) 121,265 176,014 -21,055 86,470
Subtotal Net (A) - (B) -61,844 174,587 284,154 63,909
Total Net (C) - (D) -60,220 86,425 284,144 31,732

2. International Transactions in Securities show net aquisition with a plus sign(＋) and net disposition with a minus sign(－).
3.“ Designated Major Investors” indicate banks, financial instruments firms, insurance companies, investment trust management
companies and asset management companies, etc. that were designated by the Minister of Finance in accordance with Article
21 of the Ministerial Ordinance Concerning Report on Foreign Exchange transactions, etc.
4.Transactions related to investment funds will be recorded under the　new items "Equity and investment fund shares" starting
from January 2014.
47
5-5 Official Reserve Assets
( million US dollars )
end of year 2011 2012 2013 2014 2015 2016 2017
Foreign currency reserves 1,220,785 1,193,077 1,202,443 1,199,651 1,179,004 1,157,790 1,202,071
Securities 1,181,027 1,177,832 1,185,830 1,179,359 1,064,227 1,031,902 1,079,459
issuer headquartered in
－－－－－－－
Japan
Deposits 39,758 15,245 16,613 20,292 114,777 125,888 122,612
Foreign central banks and

10,360 8,823 10,106 13,954 113,704 125,259 121,928
BIS
Banks headquartered in
21,219 4,611 4,672 5,162 1,023 604 659
Japan
located abroad －－－－－－－
Banks headquartered
8,179 1,811 1,835 1,176 50 25 25
outside Japan
located in Japan 8,179 1,660 1,688 1,000 50 25 25
IMF reserve position 17,181 13,697 14,202 11,993 9,531 12,019 10,582
SDRs 19,745 19,911 20,129 18,895 18,048 18,087 19,195
Gold 37,666 40,939 29,560 29,504 26,134 28,516 31,897
Other reserve assets 464 501 481 505 497 491 538
Financial derivatives －－－－－－－
Loans to nonbank nonresidents －－－－－－－
Other 464 501 481 505 497 491 538
Total 1,295,841 1,268,125 1,266,815 1,260,548 1,233,214 1,216,903 1,264,283
(Notes) 1. Coverage of this template is the monetary authorities and other central government, excluding social security.
2. Current market exchange rates are used for valuation of non-US dollar denominated assets/liabilities.
3. Securities and gold reflect marked to market values.
4. Figures may not total due to rounding.
48
6 FINANCIAL STATEMENTS
STATISTICS OF CORPORATIONS BY
INDUSTRY
6-1 Sales
( 100 million yen )
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
All Industries 13,745,105 14,091,572 14,478,425 14,315,341 14,557,563 15,441,428
Manufacturing 3,865,086 3,941,566 4,050,824 3,978,421 3,955,614 4,062,598
Food 477,621 427,323 440,613 448,239 452,845 448,844
Chemical and Allied Products 382,252 408,392 415,201 424,500 402,133 407,851
Petroleum and Coal products 189,672 189,951 190,726 137,329 110,414 104,957
Iron and Steel 162,747 170,524 177,289 165,187 150,729 166,754
Fabricated Metal Products 175,277 185,059 181,003 190,756 188,553 197,417
General-Purpose Machinery 56,380 57,818 60,885 67,130 66,638 73,427
Production Machinery 211,803 221,790 232,980 225,757 224,330 242,510
Business oriented Machinery 130,011 141,376 143,079 155,409 143,714 135,496

Electrical Machinery,
280,772 268,166 292,340 286,078 312,803 315,398
Equipment and Supplies
Information and
Communication Electronics 310,309 326,479 334,537 344,874 341,658 323,339
Equipment
Transportation Equipment 666,004 687,022 688,736 709,125 750,267 781,453
Non-Manufacturing 9,880,019 10,150,006 10,427,601 10,336,920 10,601,949 11,378,830
Construction 1,149,917 1,225,004 1,285,148 1,227,135 1,289,662 1,411,153
Wholesale and Retail Trade 5,078,829 5,198,818 5,346,908 5,263,809 5,315,864 5,822,638
Real estate 326,817 377,048 369,812 393,835 429,824 434,335
Goods rental and Leasing 139,161 141,032 160,866 157,019 157,615 152,863
Information and
579,259 598,138 595,756 664,510 688,195 729,035
Communications
Transport and Postal activities 675,714 653,938 694,067 697,736 652,982 660,415
Production ,Transmission and
192,229 213,436 221,623 205,180 235,354 258,940
Distribution of Electricity
Services 1,615,987 1,611,811 1,618,214 1,606,739 1,724,962 1,777,280
Corporations with capital of
1 billion yen or over 5,351,772 5,596,713 5,651,905 5,471,784 5,372,030 5,686,673
100 million to 1 billion yen 2,297,239 2,293,312 2,517,657 2,550,166 2,689,626 2,870,924
10 to 100 million yen 4,945,590 5,010,318 5,080,964 5,090,650 5,280,375 5,492,909
under 10 million yen 1,150,503 1,191,228 1,227,899 1,202,742 1,215,532 1,390,922

(Note) All Industries and Non-Manufacturing except Finance and Insurance.
50
6-2 Ordinary profits
( 100 million yen )
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
All Industries 484,611 596,381 645,861 682,201 749,872 835,543
Manufacturing 156,960 216,728 236,987 233,370 240,537 283,176
Food 14,445 15,312 14,452 18,312 20,218 19,668
Petroleum and Coal products 1,356 2,194 -1,298 -328 3,779 3,793
Iron and Steel 1,369 7,019 9,072 5,333 4,020 7,417

8,929 12,267 18,543 15,748 19,735 26,162
Information and
Equipment
Non-Manufacturing 327,651 379,654 408,874 448,831 509,335 552,367
Construction 27,752 34,516 47,190 51,790 63,878 66,507
Wholesale and Retail Trade 102,275 112,584 105,910 111,001 111,462 140,461
Real estate 31,019 41,164 46,484 43,014 53,318 60,700
Information and
49,483 44,794 47,825 60,111 68,721 77,002
Communications
Production, Transmission and

-12,954 -2,061 2,762 12,374 8,685 10,472
Services 79,831 93,944 100,933 112,752 149,234 140,213
1 billion yen or over 259,709 348,183 374,204 402,359 424,325 462,998
100 million to 1 billion yen 77,753 84,496 96,020 99,865 111,773 130,045
10 to 100 million yen 127,738 144,700 150,127 155,684 182,566 206,883
under 10 million yen 19,412 19,002 25,510 24,293 31,209 35,617

(Note) All Industries and Non-Manufacturing don't include Finance and Insurance.
51
6-3 Ratio of ordinary profits to sales
(%)
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
All Industries 3.5 4.2 4.5 4.8 5.2 5.4
Manufacturing 4.1 5.5 5.9 5.9 6.1 7.0
Food 3.0 3.6 3.3 4.1 4.5 4.4
Chemical and Allied Products 8.4 8.9 8.3 9.3 10.1 11.6
Petroleum and Coal products 0.7 1.2 -0.7 -0.2 3.4 3.6
Iron and Steel 0.8 4.1 5.1 3.2 2.7 4.4
Fabricated Metal Products 3.6 4.2 5.0 4.8 4.7 5.4
General-Purpose Machinery 5.8 6.5 6.6 7.3 7.7 8.3
Production Machinery 4.2 6.5 7.1 6.7 6.4 7.9
Business oriented Machinery 6.2 8.7 8.3 8.2 7.5 11.5

3.2 4.6 6.3 5.5 6.3 8.3
Information and
Communication Electronics 1.9 4.1 6.4 4.5 5.1 6.2
Equipment
Transportation Equipment 5.4 8.4 8.8 8.0 7.5 7.9
Non-Manufacturing 3.3 3.7 3.9 4.3 4.8 4.9
Construction 2.4 2.8 3.7 4.2 5.0 4.7
Wholesale and Retail Trade 2.0 2.2 2.0 2.1 2.1 2.4
Real estate 9.5 10.9 12.6 10.9 12.4 14.0
Goods rental and Leasing 6.2 6.8 6.3 4.9 6.3 5.9
Information and
8.5 7.5 8.0 9.0 10.0 10.6
Communications
Transport and Postal activities 3.9 4.4 4.6 5.5 5.4 5.6
-6.7 -1.0 1.2 6.0 3.7 4.0
Services 4.9 5.8 6.2 7.0 8.7 7.9
1 billion yen or over 4.9 6.2 6.6 7.4 7.9 8.1
100 million to 1 billion yen 3.4 3.7 3.8 3.9 4.2 4.5
10 to 100 million yen 2.6 2.9 3.0 3.1 3.5 3.8
under 10 million yen 1.7 1.6 2.1 2.0 2.6 2.6

(Note) All Industries and Non-Manufacturing don't include Finance and Insurance.
52
6-4 Investment in plant and equipment
(100 million yen )
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
All Industries 346,431 369,290 398,228 426,365 429,380 454,475
343,572 366,673 394,760 424,474 426,888 453,529
Manufacturing 110,135 112,520 120,219 133,336 144,731 151,140
109,670 111,573 119,129 133,511 144,274 150,597
Food 11,356 15,083 12,835 12,233 14,435 16,512
Petroleum and Coal products 1,352 1,696 1,922 1,633 1,503 1,320
Iron and Steel 9,192 6,020 7,419 6,566 8,427 9,143

9,171 6,813 8,410 10,170 10,522 13,150
Information and
Equipment
Non-Manufacturing 236,296 256,770 278,009 293,029 284,650 303,336
233,901 255,100 275,630 290,963 282,614 302,931
Construction 15,575 21,144 20,412 21,522 20,535 27,182
Wholesale and Retail Trade 45,340 54,531 58,369 60,888 57,726 58,704
Real estate 22,350 21,191 26,427 33,561 30,585 32,391
Information and
36,361 36,954 34,836 38,506 33,197 35,318
Communications
20,957 17,157 23,034 23,796 20,392 23,585
Services 48,089 45,706 49,912 44,622 45,862 50,438
1 billion yen or over 177,878 180,857 189,195 200,160 198,537 212,560
100 million to 1 billion yen 45,051 48,290 49,501 60,718 65,748 70,170
10 to 100 million yen 93,119 103,891 116,560 128,151 133,720 137,294
under 10 million yen 30,383 36,252 42,972 37,337 31,375 34,451

(Notes) 1. Investment in plant and equipment = increases of tangible fixed assets(excluding land)+depreciation expenses.
2. Figures include investment in software. Figures of the lower row exclude investment in software.
3. All Industries and Non-Manufacturing except Finance and Insurance.
53
6-5 Assets
(1) All Industries ( 100 million yen )

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Liquid assets 6,363,291 6,669,724 7,001,678 7,145,910 7,278,087 7,733,971
Cash and deposits 1,683,240 1,744,416 1,858,638 1,999,634 2,109,590 2,219,695
Bills receivable 230,060 215,333 253,501 240,124 225,089 244,538
Accounts receivable 1,895,597 1,977,286 2,059,482 2,006,906 2,042,197 2,188,052
Securities 217,347 263,229 243,858 188,934 175,381 179,586
Inventories 1,049,767 1,064,875 1,109,164 1,084,358 1,088,913 1,195,579
Others 1,287,280 1,404,585 1,477,036 1,625,955 1,636,916 1,706,522
Fixed assets 7,975,032 8,579,586 8,666,763 8,760,134 9,181,095 9,845,439
Land 1,747,615 1,936,716 1,833,498 1,789,019 1,787,461 1,846,494
Construction in process 156,110 155,862 164,787 184,389 196,943 213,323
Other tangible fixed assets 2,377,364 2,458,957 2,549,454 2,603,088 2,572,122 2,642,317
Intangible fixed assets 186,756 199,361 212,563 193,383 237,147 245,523
Investment securities 2,361,957 2,582,202 2,692,628 2,689,538 3,048,107 3,428,807
Others 1,145,230 1,246,488 1,213,833 1,300,716 1,339,315 1,468,975
Deferred assets 33,109 24,081 16,971 18,058 18,768 21,291
Total 14,371,432 15,273,391 15,685,413 15,924,103 16,477,950 17,600,701
(2) Manufacturing ( 100 million yen )

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Liquid assets 1,998,610 2,059,053 2,159,160 2,187,202 2,199,107 2,282,906
Cash and deposits 420,095 438,700 473,604 517,960 542,621 560,227
Accounts receivable 654,065 680,275 711,156 673,491 690,294 712,183
Securities 90,019 103,977 104,965 93,669 84,320 83,350
Inventories 409,693 403,737 418,259 412,344 417,198 441,002
Others 333,650 348,568 361,055 393,959 370,582 383,741
Fixed assets 2,121,289 2,125,998 2,234,380 2,219,750 2,303,721 2,427,699
Land 366,200 350,874 355,040 356,730 349,046 353,017
Other tangible fixed assets 616,561 598,314 613,235 621,958 629,804 659,246
Investment securities 747,015 794,450 871,432 844,870 894,657 957,985
Others 296,073 294,802 300,631 297,173 321,234 339,533
Deferred assets 4,373 7,866 4,489 5,080 5,664 6,193
Total 4,124,272 4,192,917 4,398,030 4,412,032 4,508,493 4,716,798
(3) Non-Manufacturing ( 100 million yen )

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Liquid assets 4,364,681 4,610,671 4,842,518 4,958,709 5,078,980 5,451,065
Cash and deposits 1,263,146 1,305,716 1,385,033 1,481,674 1,566,969 1,659,468
Accounts receivable 1,241,531 1,297,012 1,348,325 1,333,415 1,351,903 1,475,869
Securities 127,328 159,252 138,892 95,265 91,061 96,236
Inventories 640,074 661,139 690,906 672,014 671,715 754,577
Others 953,630 1,056,017 1,115,981 1,231,995 1,266,334 1,322,781
Fixed assets 5,853,744 6,453,588 6,432,383 6,540,384 6,877,374 7,417,740
Land 1,381,415 1,585,843 1,478,458 1,432,290 1,438,416 1,493,477
Other tangible fixed assets 1,760,803 1,860,644 1,936,218 1,981,130 1,942,318 1,983,072
Investment securities 1,614,942 1,787,752 1,821,196 1,844,668 2,153,449 2,470,822
Others 849,157 951,685 913,202 1,003,543 1,018,082 1,129,442
Deferred assets 28,735 16,216 12,482 12,978 13,103 15,098
Total 10,247,160 11,080,475 11,287,383 11,512,070 11,969,457 12,883,903
(Note) refer to ‘(Notes) ’ of ‘6-1’
54
6-6 Liabilities and Net assets
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Liquid liabilities 4,862,942 5,018,759 5,120,707 5,094,552 5,082,401 5,436,476
Bills payable 265,898 254,991 299,435 276,575 264,047 282,550
Accounts payable 1,358,632 1,416,853 1,467,862 1,385,725 1,410,089 1,530,487
Short-term borrowings 1,623,264 1,680,329 1,613,947 1,614,324 1,564,710 1,688,914
Allowance 101,803 103,436 117,344 129,905 114,221 120,114
Others 1,513,346 1,563,151 1,622,120 1,688,023 1,729,334 1,814,412
Fixed liabilities 4,128,910 4,504,987 4,454,215 4,461,584 4,701,688 4,820,689
Bonds 518,902 575,531 561,319 556,066 654,242 737,110
Long-term borrowings 2,674,336 2,874,095 2,887,808 2,957,099 3,107,044 3,084,779
Allowance 382,260 367,522 373,783 364,735 337,587 336,551
Others 553,411 687,838 631,306 583,685 602,816 662,247
Reserve required by special law 5,221 4,744 4,328 4,862 4,341 3,787
Net assets 5,374,359 5,744,901 6,106,162 6,363,104 6,689,520 7,339,750
Capital stock 1,056,258 1,048,985 1,049,503 1,049,671 1,055,113 1,046,220
Capital surplus 1,278,213 1,336,320 1,392,082 1,509,889 1,528,596 1,747,346
Earned surplus 3,044,828 3,279,557 3,543,775 3,778,689 4,062,348 4,464,844
Treasury stock -158,410 -150,942 -153,205 -192,870 -202,736 -233,894
Others 151,374 226,769 271,116 214,938 242,560 311,433
Subscription rights to shares 2,095 4,212 2,891 2,787 3,639 3,802
Total 14,371,432 15,273,391 15,685,413 15,924,103 16,477,950 17,600,701

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Bills payable 86,645 82,782 97,896 101,732 101,278 108,165
Accounts payable 440,113 451,488 457,045 430,553 446,829 458,379
Short-term borrowings 426,489 409,311 395,065 387,267 391,114 393,744
Allowance 49,465 54,136 65,149 66,881 58,369 56,539
Others 430,773 435,207 456,784 476,973 481,817 506,682
Fixed liabilities 877,558 866,624 932,944 902,596 879,488 898,197
Bonds 113,011 112,661 103,863 95,023 104,395 103,937
Long-term borrowings 568,512 552,844 601,199 601,337 559,840 581,062
Allowance 111,453 107,831 118,284 110,440 117,261 111,828
Others 84,583 93,288 109,598 95,795 97,993 101,370
Reserve required by special law －－－ 114 132 －
Net assets 1,813,229 1,893,369 1,993,145 2,045,916 2,149,465 2,295,091
Capital stock 328,841 321,347 321,171 319,982 316,927 318,578
Capital surplus 370,054 367,619 386,624 389,880 395,451 411,769
Earned surplus 1,129,733 1,191,268 1,231,460 1,318,841 1,405,858 1,533,205
Treasury stock -82,136 -78,890 -81,109 -92,146 -92,949 -103,041
Others 65,760 89,701 134,017 108,451 122,952 133,597
Subscription rights to shares 978 2,324 983 910 1,225 983
Total 4,124,272 4,192,917 4,398,030 4,412,032 4,508,493 4,716,798

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Bills payable 179,253 172,210 201,538 174,844 162,769 174,385
Accounts payable 918,518 965,365 1,010,817 955,172 963,260 1,072,107
Short-term borrowings 1,196,775 1,271,018 1,218,881 1,227,057 1,173,596 1,295,170
Allowance 52,338 49,300 52,195 63,024 55,852 63,574
Others 1,082,573 1,127,943 1,165,336 1,211,050 1,247,517 1,307,730
Fixed liabilities 3,251,352 3,638,363 3,521,271 3,558,988 3,822,200 3,922,491
Bonds 405,891 462,870 457,456 461,042 549,847 633,173
Long-term borrowings 2,105,825 2,321,251 2,286,609 2,355,761 2,547,204 2,503,717
Allowance 270,807 259,691 255,498 254,295 220,326 224,723
Others 468,828 594,550 521,708 487,889 504,824 560,878
Reserve required by special law 5,221 4,744 4,328 4,748 4,209 3,787
Net assets 3,561,130 3,851,531 4,113,017 4,317,188 4,540,055 5,044,659
Capital stock 727,417 727,638 728,332 729,689 738,185 727,642
Capital surplus 908,159 968,701 1,005,458 1,120,009 1,133,146 1,335,577
Earned surplus 1,915,096 2,088,289 2,312,315 2,459,848 2,656,489 2,931,639
Treasury stock -76,274 -72,053 -72,096 -100,723 -109,787 -130,854
Others 85,615 137,069 137,099 106,487 119,608 177,835
Subscription rights to shares 1,118 1,888 1,909 1,878 2,414 2,819
Total 10,247,160 11,080,475 11,287,383 11,512,070 11,969,457 12,883,903
55
6-7 Cash dividends

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Sales 13,745,105 14,091,572 14,478,425 14,315,341 14,557,563 15,441,428
Cost of sales 10,516,115 10,768,950 11,028,473 10,746,399 10,867,928 11,579,198
Selling and general administration
2,828,748 2,836,169 2,916,317 3,004,005 3,102,352 3,187,790
expenses
Operating profits 400,241 486,452 533,635 564,938 587,283 674,440
non-operating revenues 211,369 240,710 243,901 254,545 295,131 285,666
non-operating expenses 126,999 130,781 131,675 137,282 132,542 124,564
Ordinary profits 484,611 596,381 645,861 682,201 749,872 835,543
Special profits or losses -87,510 -31,016 -42,654 -76,529 -71,953 -25,627
Net profits before tax 397,101 565,366 603,207 605,672 677,919 809,916
Income taxes-current 154,286 178,947 176,081 177,869 181,104 199,903
Income taxes-deferred 4,473 10,539 14,024 9,487 -650 -4,694
Net profits for the period 238,343 375,880 413,101 418,315 497,465 614,707
Dividends 139,574 144,002 168,833 222,106 200,802 233,182
Internal reserves 98,769 231,878 244,268 196,210 296,663 381,525

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Sales 3,865,086 3,941,566 4,050,824 3,978,421 3,955,614 4,062,598
Cost of sales 3,119,336 3,139,769 3,228,594 3,145,291 3,114,592 3,166,427
633,345 640,308 653,419 662,735 668,704 690,805
expenses
Income taxes-deferred 1,941 3,103 5,226 4,358 -1,254 -4,364
Dividends 55,918 57,183 70,207 92,908 76,986 86,066

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Sales 9,880,019 10,150,006 10,427,601 10,336,920 10,601,949 11,378,830
Cost of sales 7,396,780 7,629,181 7,799,879 7,601,108 7,753,336 8,412,771
2,195,403 2,195,861 2,262,898 2,341,270 2,433,648 2,496,985
expenses
Income taxes-deferred 2,531 7,435 8,799 5,130 605 -329
Dividends 83,655 86,819 98,627 129,197 123,816 147,116
56
6-8 Value added
(1) All Industries ( 100 million yen, % )

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Value added (Ratio of Value added) 2,723,402 2,763,090 2,847,624 2,936,829 2,987,974 3,117,130
(19.8) (19.6) (19.7) (20.5) (20.5) (20.2)
Personnel expenses 1,968,987 1,920,348 1,958,965 1,982,228 2,018,791 2,064,805
Directors' remuneration 258,076 253,611 249,479 245,435 252,258 258,420
Directors' bonuses 4,684 5,809 5,683 6,723 7,077 8,405
Employees' salaries 1,281,959 1,244,618 1,271,236 1,287,516 1,306,905 1,321,686
Employees' bonuses 197,440 201,238 211,261 218,170 220,021 237,654
Welfare expenses 226,829 215,072 221,304 224,384 232,530 238,642
Interest expenses 77,148 93,693 67,492 66,952 62,464 61,994
Rental or leasing expenses for
264,651 266,861 260,952 283,852 271,768 276,195
fixed and liquid assets
Taxes and public charges 89,523 89,429 94,072 105,811 110,131 101,690
Net operating income 323,093 392,760 466,143 497,986 524,820 612,446
(2) Manufacturing ( 100 million yen, % )

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Value added (Ratio of Value added) 713,286 759,360 765,837 770,154 791,864 828,148
(18.5) (19.3) (18.9) (19.4) (20.0) (20.4)
Personnel expenses 546,481 544,627 543,815 545,576 557,720 567,600
Employees' salaries 344,827 343,269 342,857 340,692 348,250 353,109
35,216 33,487 34,064 33,947 32,219 33,093
(3) Non-Manufacturing ( 100 million yen, % )

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Value added (Ratio of Value added) 2,010,116 2,003,730 2,081,787 2,166,674 2,196,110 2,288,982
(20.3) (19.7) (20.0) (21.0) (20.7) (20.1)
Personnel expenses 1,422,507 1,375,721 1,415,149 1,436,652 1,461,072 1,497,205
Employees' salaries 937,132 901,349 928,379 946,824 958,655 968,577
229,435 233,375 226,887 249,906 239,549 243,102
（Notes) 1. "Net operating income" = "operating income" - "interest expenses".

2. "Ratio of value added" = "Value added" divided by "Sales".
3. All Industries and Non-Manufacturing don't include Finance and Insurance.
57
7 GDP
7-1 Real GDP
( billions of chained (CY2011) yen, % )
CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2017
491,455.5 498,803.2 508,780.6 510,687.1 516,932.4 520,081.0 530,112.1

GDP
[-0.1] [1.5] [2.0] [0.4] [1.2] [0.6] [1.9]
(expenditure approach)
(-0.1) (1.5) (2.0) (0.4) (1.2) (0.6) (1.9)
494,123.9 505,648.4 517,680.1 519,721.8 524,070.4 524,150.6 531,280.6

Domestic Demand [0.7] [2.3] [2.4] [0.4] [0.8] [0.0] [1.4]
(0.7) (2.3) (2.4) (0.4) (0.9) (0.0) (1.3)
371,024.1 380,207.5 389,140.5 390,323.9 393,609.0 392,332.0 398,935.9

Private Demand [0.9] [2.5] [2.3] [0.3] [0.8] [-0.3] [1.7]
(0.6) (1.9) (1.8) (0.2) (0.6) (-0.2) (1.2)
286,254.9 292,062.9 298,980.7 296,418.0 295,719.9 295,360.4 298,711.5

Private
[-0.4] [2.0] [2.4] [-0.9] [-0.2] [-0.1] [1.1]
Consumption
(-0.2) (1.2) (1.4) (-0.5) (-0.1) (-0.1) (0.6)
14,337.9 14,698.0 15,877.2 15,200.9 15,041.1 15,931.7 16,270.5

Private Residential
[4.9] [2.5] [8.0] [-4.3] [-1.1] [5.9] [2.1]
Investment
(0.1) (0.1) (0.2) (-0.1) (-0.0) (0.2) (0.1)
69,406.5 72,227.5 74,892.1 78,966.2 81,604.9 80,383.8 83,491.0

Private Non-Resi.
[4.0] [4.1] [3.7] [5.4] [3.3] [-1.5] [3.9]
Investment
(0.5) (0.6) (0.5) (0.8) (0.5) (-0.2) (0.6)
1,024.8 1,219.1 -632.8 -305.7 1,200.6 568.9 359.2

Change in Private
[***] [***] [***] [***] [***] [***] [***]
Inventories
(0.2) (0.0) (-0.4) (0.1) (0.3) (-0.1) (-0.0)
123,099.8 125,440.9 128,539.7 129,398.0 130,461.5 131,823.6 132,349.0

Public Demand [0.3] [1.9] [2.5] [0.7] [0.8] [1.0] [0.4]
(0.1) (0.5) (0.6) (0.2) (0.2) (0.3) (0.1)
99,204.5 100,869.0 102,382.2 102,937.5 104,524.1 106,018.7 106,298.7

Government
[1.9] [1.7] [1.5] [0.5] [1.5] [1.4] [0.3]
Consumption
(0.4) (0.3) (0.3) (0.1) (0.3) (0.3) (0.1)
23,893.2 24,526.4 26,181.3 26,374.4 25,914.7 25,826.9 26,008.2

Public Investment [-6.3] [2.7] [6.7] [0.7] [-1.7] [-0.3] [0.7]
(-0.3) (0.1) (0.3) (0.0) (-0.1) (-0.0) (0.0)
2.2 45.5 -23.1 72.3 30.9 -5.8 77.4

Change in Public
[***] [***] [***] [***] [***] [***] [***]
Inventories
(0.0) (0.0) (-0.0) (0.0) (-0.0) (-0.0) (0.0)
-2,668.4 -6,845.2 -8,910.3 -8,892.0 -7,191.7 -4,306.7 -1,605.2

Net Export of Goods &
[***] [***] [***] [***] [***] [***] [***]
Services
(-0.8) (-0.8) (-0.4) (-0.0) (0.4) (0.6) (0.6)
73,342.7 73,277.8 73,835.6 80,695.2 83,068.7 84,491.5 90,235.6

Exports [-0.2] [-0.1] [0.8] [9.3] [2.9] [1.7] [6.8]
(-0.0) (-0.0) (0.1) (1.5) (0.5) (0.3) (1.1)
76,011.1 80,123.0 82,745.9 89,587.3 90,260.4 88,798.2 91,840.8

Imports [5.8] [5.4] [3.3] [8.3] [0.8] [-1.6] [3.4]
(-0.8) (-0.8) (-0.5) (-1.5) (-0.2) (0.3) (-0.5)
(Notes) 1.Figures in [ ] are Percentage changes from the previous year, and in ( ) are contribution to changes in Real GDP.
2.Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services.
3.The contribution is calculated as the contribution of Exports less that of imports.
60
7-2 Nominal GDP
( billion yen, % )
CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2017
491,408.5 494,957.2 503,175.6 513,876.0 531,319.8 535,986.4 545,121.9

GDP
[-1.8] [0.7] [1.7] [2.1] [3.4] [0.9] [1.7]
(expenditure approach)
(-1.8) (0.7) (1.7) (2.1) (3.4) (0.9) (1.7)
494,076.9 502,612.3 514,832.7 526,543.9 533,546.5 530,679.3 540,025.7

Domestic Demand [0.2] [1.7] [2.4] [2.3] [1.3] [-0.5] [1.8]
(0.2) (1.7) (2.5) (2.3) (1.4) (-0.5) (1.7)
370,945.3 377,896.8 387,053.8 395,655.3 401,058.6 397,267.7 405,217.7

Private Demand [0.2] [1.9] [2.4] [2.2] [1.4] [-0.9] [2.0]
(0.2) (1.4) (1.9) (1.7) (1.1) (-0.7) (1.5)
286,254.9 290,241.7 296,672.6 300,083.2 300,612.1 298,643.7 302,490.5

Private
[-0.9] [1.4] [2.2] [1.1] [0.2] [-0.7] [1.3]
Consumption
(-0.5) (0.8) (1.3) (0.7) (0.1) (-0.4) (0.7)
14,337.9 14,573.7 16,101.7 15,959.0 15,926.1 16,753.2 17,394.9

Private Residential
[5.1] [1.6] [10.5] [-0.9] [-0.2] [5.2] [3.8]
Investment
(0.1) (0.0) (0.3) (-0.0) (-0.0) (0.2) (0.1)
69,406.5 71,969.0 74,944.5 79,944.6 83,338.6 81,376.6 85,026.1

Private Non-Resi.
[2.7] [3.7] [4.1] [6.7] [4.2] [-2.4] [4.5]
Investment
(0.4) (0.5) (0.6) (1.0) (0.7) (-0.4) (0.7)
946.0 1,112.5 -665.0 -331.5 1,181.7 494.2 306.2

Change in Private
[***] [***] [***] [***] [***] [***] [***]
Inventories
(0.2) (0.0) (-0.4) (0.1) (0.3) (-0.1) (-0.0)
123,131.6 124,715.5 127,778.9 130,888.6 132,487.9 133,411.6 134,808.0

Public Demand [0.1] [1.3] [2.5] [2.4] [1.2] [0.7] [1.0]
(0.0) (0.3) (0.6) (0.6) (0.3) (0.2) (0.3)
99,204.5 100,240.9 101,469.2 103,561.6 105,297.1 106,575.1 107,234.8

Government
[1.7] [1.0] [1.2] [2.1] [1.7] [1.2] [0.6]
Consumption
(0.3) (0.2) (0.2) (0.4) (0.3) (0.2) (0.1)
23,893.2 24,423.1 26,335.3 27,242.2 27,138.3 26,851.5 27,506.9

Public Investment [-6.3] [2.2] [7.8] [3.4] [-0.4] [-1.1] [2.4]
(-0.3) (0.1) (0.4) (0.2) (-0.0) (-0.1) (0.1)
34.0 51.4 -25.6 84.8 52.5 -15.0 66.3

Change in Public
[***] [***] [***] [***] [***] [***] [***]
Inventories
(0.0) (0.0) (-0.0) (0.0) (-0.0) (-0.0) (0.0)
-2,668.4 -7,655.1 -11,657.2 -12,667.9 -2,226.7 5,307.1 5,096.2

Net Export of Goods &
[***] [***] [***] [***] [***] [***] [***]
Services
(-2.0) (-1.0) (-0.8) (-0.2) (2.0) (1.4) (-0.0)
73,342.7 71,990.3 80,082.4 90,135.4 93,570.6 87,112.6 96,891.2

Exports [-2.5] [-1.8] [11.2] [12.6] [3.8] [-6.9] [11.2]
(-0.4) (-0.3) (1.6) (2.0) (0.7) (-1.2) (1.8)
76,011.1 79,645.4 91,739.6 102,803.3 95,797.2 81,805.5 91,794.9

Imports [11.9] [4.8] [15.2] [12.1] [-6.8] [-14.6] [12.2]
(-1.6) (-0.7) (-2.4) (-2.2) (1.4) (2.6) (-1.9)
(Notes) 1.Figures in [ ] are Percentage changes from the previous year, and in ( ) are contribution to changes in Nominal GDP.
2.Net Exports of Goods & Services = Exports of Goods & Services - Imports of Goods & Services.
61
7-3 Deflators
( CY2011=100, % )
CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2017
GDP 100.0 99.2 98.9 100.6 102.8 103.1 102.8

(expenditure approach) [-1.7] [-0.8] [-0.3] [1.7] [2.1] [0.3] [-0.2]
100.0 99.4 99.4 101.3 101.8 101.2 101.6

Domestic Demand
[-0.5] [-0.6] [0.1] [1.9] [0.5] [-0.6] [0.4]
100.0 99.4 99.5 101.4 101.9 101.3 101.6

Private Demand
[-0.6] [-0.6] [0.1] [1.9] [0.5] [-0.6] [0.3]
Private 100.0 99.4 99.2 101.2 101.7 101.1 101.3

Consumption [-0.6] [-0.6] [-0.1] [2.0] [0.4] [-0.5] [0.2]
Private Residential 100.0 99.2 101.4 105.0 105.9 105.2 106.9

Investment [0.3] [-0.8] [2.3] [3.5] [0.9] [-0.7] [1.7]
Private Non-Resi. 100.0 99.6 100.1 101.2 102.1 101.2 101.8

Investment [-1.3] [-0.4] [0.4] [1.2] [0.9] [-0.9] [0.6]
Change in Private 100.0 98.2 100.6 101.8 100.0 96.4 99.7

Inventories [1.2] [-1.8] [2.5] [1.2] [-1.7] [-3.6] [3.3]
100.0 99.4 99.4 101.2 101.6 101.2 101.9

Public Demand
[-0.2] [-0.6] [-0.0] [1.8] [0.4] [-0.3] [0.6]
Government 100.0 99.4 99.1 100.6 100.7 100.5 100.9

Consumption [-0.2] [-0.6] [-0.3] [1.5] [0.1] [-0.2] [0.4]
100.0 99.6 100.6 103.3 104.7 104.0 105.8

Public Investment
[0.0] [-0.4] [1.0] [2.7] [1.4] [-0.7] [1.7]
Change in Public 100.0 103.4 114.0 110.6 83.9 74.4 83.5

Inventories [12.2] [3.4] [10.2] [-3.0] [-24.1] [-11.3] [12.2]
Net Export of Goods & *** *** *** *** *** *** ***
Services [***] [***] [***] [***] [***] [***] [***]
100.0 98.2 108.5 111.7 112.6 103.1 107.4

Exports
[-2.3] [-1.8] [10.4] [3.0] [0.8] [-8.5] [4.1]
100.0 99.4 110.9 114.8 106.1 92.1 100.0

Imports
[5.8] [-0.6] [11.5] [3.5] [-7.5] [-13.2] [8.5]
(Note) Figures in [ ] are Percentage changes from the previous year.
62
Main Economic Indicators of Japan
December　２０１８
Policy Planning & Research Division, Minister's Secretariat,

Ministry of Finance
Note ;
Percentage changes is compared with the

previous period (month).
Percentage changes is compared with the same

period (month) of the previous year.
Seasonally Adjusted.
Not seasonally Adjusted.
Nominal value or current price.
Real　 value.
〔Public Finance・Money Market〕
Net Receipts &
Accounts of the Bank Sources of Changes in Current Account Balances
Payments(－）of National Tax and Stamp Revenue (※) of Japan Money Stock(※) Domestically Licensed Banks (※) Call Rates
Average
Treasury Funds at the Bank of Japan and Market Operations
Actual Revenue Out-
Broadly- Average
Ratio of Income Corporation Bank- Average Uncollat- standing
Amounts defined The Bank of Net Actual Loans & Contracted
Actual Tax Tax notes in M3 M2 eralized in the
Treasury Surplus/ Japan change in Bills Interest Rates
Reve-nue circulation Out- Liqui- Deposits Overni-
Total to Budget standing dity Banknotes funds and shortage of Loans and current Discounted Call on Loans &
End of Out- ★ ★ ght
others funds Market account Out- Money Discounts
Year or End of
Operations balances standing standing (End of Year or
Month ★ Average Outstanding Change Period Market Month) 　(※)
FY FY FY FY FY from Preceding Year
10 Billion 10 Billion Billion par annum
Billion Yen ％ Billion Yen Billion Yen ％％ Billion Yen Yen
％ Yen
％％ daily inte-
％ rest(sen)
Yen
CY * 1970 -445.9 7,295.8 100.8 2,428.2 2,567.2 5,556.0 18.6 17.5 －－ -744.7 -486.5 -1,254.0 1,335.2 81.2 3,800.9 15.6 3,947.9 15.5 － 1,693.2 7.693 2,066
CY * 1975 -2,125.0 13,752.7 102.2 5,482.3 4,127.9 12,617.1 13.6 19.5 18.8 － -949.3 2,401.0 759.3 -1,207.8 -448.5 8,551.2 17.6 8,876.7 17.6 － 1,967.5 8.513 -
CY * 1980 -2,860.3 26,868.7 99.0 10,799.6 8,922.7 19,347.2 7.0 2.6 9.2 － -278.6 1,944.2 764.4 291.1 1,055.5 14,188.3 8.1 13,647.4 7.2 － 3,257.5 8.274
CY * 1985 4,652.7 38,198.8 100.1 15,435.0 12,020.7 25,474.3 6.1 5.0 8.4 9.4 -1,018.4 -4,282.1 -5,016.4 4,900.8 -115.6 21,740.5 10.0 26,779.4 12.0 9.063 5,045.5 6.467
CY * 1990 2,152.5 60,105.9 101.6 25,995.5 18,383.6 39,797.8 8.9 2.6 11.7 9.6 -2,377.8 3,636.5 2,585.5 -1,847.0 738.5 46,817.5 8.9 44,330.4 7.5 8.344 26,426.8 7.697
CY * 1995 17,650.3 51,930.8 102.5 19,515.1 13,735.4 46,244.0 5.3 8.2 3.0 3.8 -3,363.6 -5,487.4 -8,851.0 9,331.1 480.1 47,002.2 3.6 48,635.6 1.3 0.460 41,983.2 2.788
CY * 2000 34,467.4 50,712.5 101.6 18,788.9 11,747.2 63,397.2 7.4 8.2 2.1 3.1 2,007.5 -26,214.5 -24,207.0 8,878.6 -15,328.4 48,217.5 -0.9 46,391.6 -1.0 0.200 23,225.8 2.116
CY 2002 64,513.4 43,833.2 99.0 14,812.2 9,523.4 75,471.8 13.1 27.6 3.3 0.5 -6,467.5 -68,004.0 -74,471.5 78,418.6 3,947.1 50,163.0 3.2 43,164.2 -3.7 0.002 15,686.7 1.834
CY 2003 35,850.5 43,282.4 103.6 13,914.6 10,115.2 76,909.6 5.5 8.2 1.7 0.5 -1,437.7 -39,876.0 -41,313.7 51,781.7 10,468.0 51,167.5 2.0 41,385.3 -4.1 0.001 16,045.4 1.799
CY 2004 65,317.5 45,589.0 103.5 14,670.5 11,443.7 77,956.4 2.0 - - 2.3 -1,046.7 -62,125.8 -63,172.5 66,320.2 3,147.7 51,868.1 1.4 40,400.0 -2.4 0.002 18,105.4 1.732
CY 2005 37,792.9 49,065.4 104.3 15,585.9 13,273.6 79,270.5 3.0 0.5 1.8 2.5 -1,313.9 -41,718.6 -43,032.5 42,721.9 -310.6 52,641.0 1.5 40,854.8 1.1 0.004 19,977.2 1.623
CY 2006 40,765.4 49,069.1 97.2 14,054.1 14,917.9 79,836.7 1.0 -0.3 1.0 3.3 -566.2 -39,499.6 -40,065.8 17,610.5 -22,455.3 52,866.7 0.4 41,557.7 1.7 0.275 20,757.4 1.766
CY 2007 37,198.1 51,018.2 97.1 16,080.0 14,744.4 81,277.7 1.4 0.2 1.6 3.1 -1,440.8 -37,002.4 -38,443.5 38,154.4 -289.1 54,504.3 3.1 41,763.9 0.5 0.459 22,842.4 1.945
CY 2008 36,468.8 44,267.4 95.3 14,985.1 10,010.6 81,478.3 0.8 0.8 2.1 1.8 -200.6 -36,806.3 -37,006.9 42,075.8 5,068.9 55,705.5 2.2 43,684.8 4.6 0.103 21,934.0 1.865
CY 2009 36,478.4 38,733.1 105.1 12,913.9 6,356.4 80,954.2 0.5 1.8 2.7 0.7 524.1 -40,413.2 -39,889.1 45,033.8 5,144.7 56,948.6 2.2 42,856.7 -1.9 0.094 17,057.8 1.655
CY 2010 34,370.6 41,486.8 104.7 12,984.4 8,967.7 82,314.3 0.9 2.1 2.8 1.9 -1,359.9 -38,068.0 -39,427.9 41,742.2 2,314.3 57,848.5 1.6 42,041.7 -1.9 0.079 16,990.8 1.551
CY 2011 25,329.2 42,832.6 101.9 13,476.2 9,351.4 83,996.8 2.8 2.2 2.7 1.2 -1,682.2 -15,701.0 -17,383.2 31,264.2 13,881.0 59,866.8 3.5 42,585.8 1.3 0.075 17,098.2 1.452
CY 2012 38,663.6 43,931.4 103.1 13,992.5 9,758.3 86,653.3 2.1 2.2 2.5 0.6 -2,656.4 -40,222.3 -42,878.7 53,590.2 10,711.5 61,369.0 2.5 43,382.3 1.9 0.076 18,215.1 1.364
65
CY 2013 107,113.6 46,952.9 103.5 15,530.8 10,493.7 90,143.1 3.3 2.9 3.6 2.6 -3,489.8 -91,707.4 -95,197.2 155,031.0 59,833.8 64,063.3 4.4 44,913.4 3.5 0.068 18,658.1 1.258
CY 2014 131,634.4 53,970.7 104.3 16,790.2 11,031.6 93,081.7 3.6 2.8 3.4 3.2 -2,938.4 -124,009.2 -126,947.6 198,006.0 71,058.4 66,084.4 3.2 46,114.7 2.7 0.066 16,916.6 1.180
CY 2015 105,864.1 56,285.4 99.8 17,807.1 10,827.4 98,429.9 4.9 3.0 3.6 3.5 -5,347.7 -118,721.7 -124,069.4 198,947.0 74,877.6 67,910.6 2.8 47,593.7 3.2 0.038 20,326.8 1.110
CY 2016 123,949.4 55,468.6 99.3 17,611.1 10,328.9 102,461.2 5.8 2.8 3.4 2.1 -4,030.8 -124,981.5 -129,012.3 206,226.7 77,214.4 73,434.2 8.1 49,157.3 3.3 -0.058 8,920.7 0.998
CY 2017 98,210.7 58,787.5 101.9 18,881.6 11,995.3 106,716.5 4.5 3.4 4.0 3.0 -4,255.0 -113,160.3 -117,415.3 155,676.7 38,261.4 76,324.4 3.9 50,523.8 2.8 -0.062 9,430.8 0.946
2017． Jan.-Mar. 30,453.9 25,420.7 99.3 6,541.4 6,162.0 99,800.1 4.5 3.5 4.1 2.3 2,661.1 -32,673.5 -30,012.4 42,539.9 12,527.5 74,849.7 6.2 49,637.4 3.4 -0.060 9,740.2 0.982
2017． Apr.-June 18,988.3 2,887.4 5.0 1,899.1 -0.2 100,363.6 4.4 3.3 3.9 2.9 -563.3 -21,056.1 -21,619.4 41,809.0 20,189.6 75,091.4 5.0 49,573.6 3.7 -0.069 9,089.1 0.969
2017． July-Sept. 30,196.6 13,922.9 29.1 5,991.7 686.6 100,794.5 4.6 3.4 4.0 3.5 -430.9 -30,810.9 -31,241.8 37,423.9 6,182.1 75,516.3 5.2 50,042.2 3.5 -0.063 9,071.1 0.955
2017． Oct.-Dec. 24,896.7 14,774.9 54.7 3,706.6 4,085.9 106,716.5 4.6 3.3 3.9 3.3 -5,921.9 -28,619.8 -34,541.7 33,903.9 -637.8 76,324.4 3.9 50,523.8 2.8 -0.062 9,823.0 0.946
2018． Jan.-Mar. 24,129.1 27,202.2 101.9 7,284.2 7,223.0 104,000.4 4.4 2.7 3.2 2.6 2,716.2 -25,342.7 -22,626.5 32,375.0 9,748.5 77,834.4 4.0 50,915.8 2.6 -0.068 10,574.1 0.932
2018． Apr.-June 17,971.7 3,059.3 5.2 1,942.3 88.1 104,527.0 4.2 2.7 3.1 2.5 -526.6 -18,080.8 -18,607.4 33,990.0 15,382.6 78,187.0 4.1 51,014.9 2.9 -0.069 9,259.2 0.921
2018． July-Sept. 28,397.1 P 14,445.9 29.6 6,305.1 820.4 104,716.1 4.0 2.5 2.9 2.2 -189.0 -30,308.1 -30,497.1 32,356.5 1,859.4 -0.064 10,039.3 0.912
2017． Sept. 4,439.8 3,185.9 29.1 954.6 188.2 100,794.5 4.6 3.4 4.0 3.5 36.2 -6,269.5 -6,233.3 11,770.8 5,537.5 75,516.3 5.2 50,042.2 3.5 -0.063 9,426.6 0.955
2017． Oct. 10,401.8 3,644.0 35.4 930.0 418.7 101,500.7 4.7 3.4 4.1 3.6 -706.2 -9,823.8 -10,530.0 11,767.7 1,237.7 76,042.9 5.6 49,833.6 3.3 -0.046 9,488.4 0.955
2017． Nov. 12,345.2 7,590.4 48.6 1,363.1 3,457.4 101,973.4 4.8 3.4 4.0 3.5 -472.7 -14,262.0 -14,734.7 9,163.9 -5,570.8 76,459.2 4.9 49,982.7 2.9 -0.055 10,056.2 0.954
2017． Dec. 2,149.7 3,540.5 54.7 1,413.5 209.9 106,716.5 4.4 3.1 3.6 3.0 -4,743.0 -4,534.0 -9,277.0 12,972.3 3,695.3 76,324.4 3.9 50,523.8 2.8 -0.062 9,924.4 0.946
2018． Jan. 16,690.8 5,419.6 64.1 2,970.7 244.7 103,388.5 4.4 2.9 3.4 2.8 3,327.9 -15,564.3 -12,236.4 12,297.1 60.7 76,349.5 4.0 50,422.3 2.8 -0.050 9,884.7 0.943
2018． Feb. 12,268.4 4,818.5 72.5 777.5 1,226.6 103,706.5 4.6 2.7 3.2 2.5 -317.9 -13,143.0 -13,460.9 11,615.2 -1,845.7 76,519.4 4.1 50,384.0 2.6 -0.053 11,069.0 0.940
2018． Mar. -4,830.1 16,964.1 101.9 3,536.0 5,751.7 104,000.4 4.3 2.6 3.1 2.4 -293.8 3,364.6 3,070.8 8,462.7 11,533.5 77,834.4 4.0 50,915.8 2.6 -0.068 10,768.6 0.932
2018． Apr. 2,563.8 -284.0 - -372.1 -58.6 105,024.4 4.3 2.7 3.2 2.5 -1,024.0 -260.7 -1,284.7 11,545.1 10,260.4 78,553.3 4.3 50,828.5 2.9 -0.067 9,413.1 0.929
2018． May 16,310.2 1,046.0 1.3 905.6 -48.0 103,657.5 4.0 2.7 3.2 2.5 1,366.9 -17,602.6 -16,235.7 11,929.2 -4,306.5 78,395.7 4.1 50,661.2 2.6 -0.065 9,528.3 0.927
2018． June -902.3 2,297.3 5.2 1,408.7 194.7 104,527.0 4.2 2.7 3.1 2.4 -869.5 -217.5 -1,087.0 10,515.7 9,428.7 78,187.0 4.1 51,014.9 2.9 -0.069 8,836.3 0.921
2018． July 12,908.4 6,673.3 16.5 3,936.3 106.6 104,601.2 4.1 2.5 2.9 2.3 -74.1 -12,399.3 -12,473.4 12,454.4 -19.0 77,345.1 2.6 50,956.9 2.7 -0.065 9,532.0 0.918
2018． Aug. 10,086.5 4,420.4 24.0 1,303.0 492.2 104,750.1 3.8 2.5 2.9 2.2 -148.8 -10,694.1 -10,842.9 9,668.7 -1,174.2 77,257.7 2.4 50,851.5 2.5 -0.055 9,780.2 0.917
2018． Sept. 5,402.2 P 3,352.1 29.6 1,065.7 221.7 104,716.1 4.0 2.5 2.8 2.3 33.9 -7,214.7 -7,180.8 10,233.4 3,052.6 -0.064 10,805.9 0.912
2018． Oct. 6,432.7 105,055.9 3.8 P 2.3 P 2.7 P 2.2 -339.7 -6,820.3 -7,160.0 8,676.4 1,516.4 -0.068 10,782.7
Released by Ministry of Finance Bank of Japan
(※） National Tax and Stamp Revenue: Adjusted by adding the part of the tax revenues of April and May ｗhich belongs to the preceding fiscal year to those of March of the preceding fiscal year.
Money Stock: Before 2004, figures are Money Supply
Domestically Licensed Banks: In and before 1992, figures are banking accounts of all banks. Figures are not in series because of the merger of financial institutions and so on. Including JOM accounts in and after 1986.
Average Contracted Interest Rates on Loans & Discounts: Including overdrafts in and after April 1992.
〔Public and Corporate Bonds・Stocks〕〔Business Failures〕
Returned Suspension of Business
Issues of Public and Corporate Bonds Stock Prices and Yields (Average) Clearing of Business Failures
Checks Transactions with Banks (※)
Tokyo Stock Exchange (1st Section) Checks and Bills
and Bills
Government
Local Government Straight
Bank Daily Average
Average Yield
of Divided
Nikkei All Clearing
Total
Number Total
Government Guaranteed Corporate Tokyo Stock Amount of
Bonds
Bonds Bonds Bonds
Debentures
Price Index
Trading Paying Average Tokyo Houses
Liabilities
of Cases ★ Liabilities ★
Companies
Volume
(End of Month) （※）
Jan.4, 1968 Million Shares May.16, 1949
Billion Yen =100
% =176.21
Billion Yen Case Billion Yen Case % Billion Yen %
CY * 1970 330.0 86.7 280.9 557.5 2,967.7 163.48 138 3.47 2,193.21 164,198.3 335.7 11,589 447.9 9,765 14.5 729.2 32.9
CY * 1975 4,820.7 239.3 489.9 1,465.1 7,851.9 312.06 179 2.31 4,243.05 426,638.3 349.6 14,477 1,055.7 12,606 7.9 1,914.6 16.1
CY * 1980 13,365.7 724.3 1,539.0 1,048.5 13,520.5 474.00 352 1.63 6,870.16 938,684.2 528.0 16,635 1,446.2 17,884 11.5 2,722.4 24.2
CY * 1985 21,133.1 766.2 2,454.8 789.5 23,055.1 997.72 415 0.99 12,565.62 2,110,433.3 524.3 15,337 1,861.2 18,812 -9.7 4,235.6 16.2
CY * 1990 36,277.5 996.3 1,774.1 1,834.0 45,523.9 2,177.96 484 0.52 29,437.17 4,033,427.1 699.3 5,292 1,000.8 6,468 -10.5 1,995.8 61.9
CY * 1995 65,677.7 1,967.0 2,952.8 5,046.2 42,594.6 1,378.93 357 0.92 17,329.70 1,367,459.9 548.7 10,742 2,496.6 15,108 7.4 9,241.1 64.1
CY * 2000 105,996.1 2,200.0 4,854.7 7,975.1 20,979.8 1,545.22 684 0.98 17,145.01 781,782.4 299.1 12,160 3,185.4 18,769 22.2 23,885.0 75.3
CY 2002 147,832.0 2,582.5 4,216.0 7,151.2 12,991.6 979.49 843 1.41 10,123.14 500,232.5 282.1 10,730 2,655.2 19,087 -0.4 13,782.4 -16.5
CY 2003 154,686.5 4,264.9 6,476.6 7,380.8 9,693.4 918.86 1,254 1.42 9,311.42 444,253.6 183.8 8,189 1,626.2 16,255 -14.8 11,581.8 -15.9
CY 2004 175,268.1 5,251.5 8,243.9 5,766.5 8,167.7 1,120.07 1,451 1.20 11,179.25 427,064.9 113.3 6,374 1,267.5 13,679 -15.8 7,817.6 -32.5
CY 2005 186,155.7 6,152.7 7,821.1 6,851.5 8,454.9 1,270.09 2,075 1.14 12,422.58 363,760.7 72.4 5,489 1,003.4 12,998 -4.9 6,703.4 -14.2
CY 2006 175,683.9 6,031.1 4,434.2 6,544.5 7,227.6 1,625.92 1,927 1.10 16,110.38 326,391.8 130.1 5,227 1,014.5 13,245 1.9 5,500.5 -17.9
CY 2007 140,455.1 5,703.8 4,461.5 9,186.3 6,533.2 1,663.69 2,228 1.30 16,996.33 317,128.7 213.6 5,257 1,125.7 14,091 6.3 5,727.9 4.1
CY 2008 125,751.8 5,873.6 4,494.4 8,842.8 5,862.0 1,187.82 2,211 1.99 12,150.80 298,333.8 222.9 5,687 1,534.7 15,646 11.0 12,291.9 114.5
CY 2009 145,660.1 7,439.5 4,925.6 11,393.1 4,406.6 869.33 2,272 2.30 9,346.11 260,268.7 142.3 4,568 1,338.8 15,480 -1.0 6,930.0 -43.6
CY 2010 165,823.5 7,608.1 4,540.1 9,558.9 3,902.4 885.43 2,089 2.04 10,006.49 273,409.6 137.9 3,135 816.8 13,321 -13.9 7,160.7 3.3
CY 2011 164,064.4 6,654.9 3,153.5 8,283.5 3,499.5 820.80 2,141 2.12 9,425.42 280,724.5 69.1 2,609 680.7 12,734 -4.4 3,592.9 -49.8
CY 2012 172,248.9 6,771.6 4,700.0 8,209.9 3,172.5 768.64 2,096 2.23 9,102.56 272,409.3 83.8 2,390 555.4 12,124 -4.7 3,834.5 6.7
CY 2013 181,032.2 7,079.6 4,873.1 8,659.3 2,634.7 1,125.94 3,436 1.70 13,577.87 269,759.5 101.6 1,820 399.0 10,855 -10.4 2,782.3 -27.4
CY 2014 175,848.9 6,880.8 4,600.7 8,397.8 2,482.7 1,263.58 2,512 1.62 15,460.43 238,404.6 133.5 1,465 331.8 9,731 -10.3 1,874.0 -32.6
66
CY 2015 174,508.8 6,849.9 3,134.7 6,848.2 2,470.1 1,554.16 2,541 1.51 19,203.77 209,781.5 202.6 1,236 280.3 8,812 -9.4 2,112.3 12.7
CY 2016 168,854.8 6,346.1 3,335.6 10,615.9 1,865.7 1,355.93 2,423 1.84 16,920.48 162,578.1 261.1 1,062 244.9 8,446 -4.2 2,006.1 -5.0
CY 2017 159,169.0 6,298.0 3,643.9 11,273.5 1,444.4 1,624.09 1,985 1.63 20,209.03 136,273.4 107.2 899 213.4 8,405 -0.4 3,167.6 57.8
2017． Jan.-Mar. 42,221.0 1,352.9 636.9 2,700.0 405.9 1,541.84 2,113 1.70 19,245.01 34,169.2 44.3 237 46.2 2,079 -3.0 411.1 -11.8
2017． Apr.-June 38,715.4 1,602.0 855.0 3,005.8 407.8 1,558.25 2,100 1.70 19,520.43 36,881.5 43.2 242 50.6 2,188 2.7 1,799.3 449.8
2017． July-Sept. 40,062.0 1,572.5 757.0 2,970.7 346.3 1,623.61 1,894 1.57 19,873.05 31,225.8 10.1 219 54.8 2,032 -2.6 318.0 -5.0
2017． Oct.-Dec. 38,170.5 1,770.5 1,395.0 2,597.0 284.5 1,771.34 1,836 1.45 22,182.06 33,996.7 9.6 201 61.8 2,106 0.9 639.1 -27.1
2018． Jan.-Mar. 38,954.8 1,156.2 949.4 1,489.0 291.0 1,786.02 1,739 1.54 22,333.55 31,617.0 15.9 195 50.5 2,041 -1.8 327.2 -20.4
2018． Apr.-June 36,283.9 P 1,707.0 P 830.0 P 2,876.0 337.1 1,761.67 1,656 1.68 22,348.18 34,101.9 11.9 195 37.2 2,107 -3.7 419.3 -76.6
2018． July-Sept. 36,964.0 P 1,650.8 P 873.0 P 2,772.0 362.6 1,731.14 1,540 1.64 22,624.56 29,277.7 6.4 199 52.3 2,017 -0.7 418.1 31.4
2017． Sept. 14,387.0 619.3 280.0 919.2 123.6 1,638.79 1,952 1.57 19,924.40 11,513.6 0.2 74 27.9 679 4.6 115.8 36.1
2017． Oct. 12,720.3 631.5 420.0 950.0 91.2 1,721.72 1,858 1.51 21,267.49 11,409.4 3.3 77 30.4 733 7.3 95.8 -13.8
2017． Nov. 12,877.1 606.0 665.0 382.0 87.2 1,783.26 2,030 1.49 22,525.15 10,641.1 5.4 69 13.7 677 -2.3 145.6 -75.4
2017． Dec. 12,573.0 533.1 310.0 1,265.0 106.1 1,809.61 1,630 1.45 22,769.89 11,946.2 0.8 55 17.7 696 -1.9 397.5 131.6
2018． Jan. 13,055.0 407.0 260.0 500.5 85.3 1,882.57 1,743 1.44 23,712.21 9,107.7 2.1 67 10.2 635 4.9 104.5 -18.6
2018． Feb. 13,011.5 375.0 380.0 307.5 93.3 1,766.57 1,903 1.51 21,991.68 10,741.6 5.8 64 15.3 617 -10.3 89.9 -22.3
2018． Mar. 12,888.3 374.2 309.4 681.0 112.5 1,716.27 1,588 1.54 21,395.51 11,767.5 8.0 64 25.0 789 0.3 132.6 -20.4
2018． Apr. 11,743.9 P 563.0 P 135.0 P 848.5 113.6 1,737.42 1,627 1.50 21,868.79 10,383.4 5.4 73 14.8 650 -4.4 95.4 -8.2
2018． May 12,588.1 P 639.0 P 400.0 P 599.5 101.3 1,783.96 1,739 1.66 22,590.05 11,953.8 1.3 77 14.2 767 -4.3 104.3 -2.3
2018． June 11,951.9 P 505.0 P 295.0 P 1,428.0 122.2 1,762.48 1,599 1.68 22,562.88 11,764.6 5.3 45 8.2 690 -2.2 219.5 -86.1
2018． July 12,174.3 P 556.5 P 145.0 P 1,351.0 106.1 1,729.12 1,526 1.68 22,309.06 10,191.6 1.3 67 15.2 702 -1.6 112.7 2.5
2018． Aug. 12,260.4 P 442.0 P 345.0 P 348.0 122.2 1,721.03 1,455 1.71 22,494.14 9,643.6 4.0 77 23.4 694 8.6 121.2 31.2
2018． Sept. 12,529.3 P 652.3 P 383.0 P 1,073.0 134.3 1,746.41 1,664 1.64 23,159.29 9,442.5 1.1 55 13.7 621 -8.5 184.1 59.0
2018． Oct. 1,703.85 1,717 1.83 22,690.78 9,079.2 3.8 63 9.7 730 -0.4 117.6 22.6
Japanese Bankers
Released by Japan Securities Dealers Association Tokyo Stock Exchange Tokyo Clearing House Association
Tokyo Shoko Research Co. Ltd.
(※)　Stock Prices and Yields (Nikkei Average): After large replacement of brand components on 24th April, 2000, (※) Suspension of Business Transactions with Banks: Since April 2007,
index is discontinuous as for continuously and simply comparing before replacement with after replacement. figures are not series, because survey methodology has been changed.
Tokyo Stock Price Index: Average figures are calculated by Policy Planning and Research Division , Minister's Secretariat , Ministry of Finance.
〔Industrial Production, Producer Shipments, Producer Inventory, and Capital Utilization〕
Index of Index of Index of Index of Index of
Index of Industrial Production Special Group Producers'
Producers' Producers' Manufacturing Manufacturing
Inventory of Inventory Ratio of Production Operating rate
Shipments Finished Goods
● ● Finished Goods Capacity (End
(End of Year or
Month) of Year or
◎ Capital Construction
Durable Nondurable
Producer
Month)
★ Index ☆ Consumer Consumer ☆ ☆ ☆
Goods Goods Goods Goods Goods
● （★） ● （★） ● （★） ◎ ●
2015＝100 (※) ％
CY * 1970 －－ - - －－－－－－－－－－－－－
CY * 1975 －－ - - －－－－－－－－－－－－－
CY * 1980 73.0 4.7 - - 70.1 193.3 79.4 75.3 61.4 69.3 2.9 98.2 8.3 84.4 8.8 88.1 119.1
CY * 1985 86.4 3.7 - - 90.2 168.4 109.1 85.5 73.1 80.2 3.4 98.0 3.5 85.7 4.3 98.7 118.4
CY * 1990 107.7 4.1 - - 123.6 204.0 130.3 100.7 90.3 101.3 4.8 106.4 -0.7 78.9 -1.2 107.3 123.3
CY * 1995 103.0 3.2 - - 109.9 184.6 109.5 101.6 90.9 98.0 2.6 118.0 5.5 91.4 1.7 110.9 107.4
CY * 2000 107.8 5.7 - - 114.1 157.7 123.2 100.1 99.7 105.8 5.8 109.0 2.1 89.5 -3.2 109.3 108.0
CY 2002 99.3 -1.3 - - 96.0 138.4 116.1 97.1 93.1 98.8 -0.2 99.5 -8.0 91.2 -7.6 103.0 100.9
CY 2003 102.2 3.3 - - 97.2 133.7 118.0 97.1 98.4 102.2 4.0 96.7 -2.4 86.8 -4.0 100.7 105.4
CY 2004 107.1 4.9 - - 110.5 132.2 119.9 97.8 103.3 107.2 4.8 96.6 -0.1 83.0 -4.4 100.2 110.2
CY 2005 108.6 1.3 - - 114.7 129.1 123.8 95.3 105.0 108.7 1.4 101.1 4.8 85.2 2.7 101.4 111.6
CY 2006 113.4 4.5 - - 119.5 127.7 134.4 97.3 110.1 113.7 4.6 104.7 3.5 85.3 0.1 103.9 114.6
CY 2007 116.7 2.8 - - 122.9 123.2 139.1 98.4 114.4 117.1 3.1 106.0 1.3 85.4 0.2 106.1 115.7
CY 2008 112.7 -3.4 - - 114.8 118.5 134.7 99.6 109.7 112.4 -3.2 113.2 4.8 93.6 8.3 106.6 110.4
CY 2009 88.1 -21.9 - - 77.3 102.1 97.8 98.1 85.6 88.0 -21.7 93.3 -17.6 112.6 20.3 104.9 82.8
CY 2010 101.8 15.6 - - 93.8 100.2 116.6 98.8 102.4 101.6 15.5 95.5 2.4 88.5 -21.4 104.5 99.0
CY 2011 98.9 -2.8 - - 98.7 99.9 103.0 97.7 97.9 97.8 -3.7 97.5 2.0 95.7 8.1 104.4 94.8
CY 2012 99.6 0.6 - - 96.5 102.3 109.0 98.3 98.3 99.0 1.2 102.6 5.2 100.2 4.7 102.7 96.8
CY 2013 99.2 -1.3 - - 94.1 104.9 105.0 99.0 99.4 100.7 -0.5 94.7 -5.0 95.7 -4.3 101.6 98.6
CY 2014 101.2 2.0 - - 101.0 104.1 103.9 99.6 101.0 101.4 0.7 100.3 5.9 97.2 1.6 99.9 102.8
67
CY 2015 100.0 -1.2 - - 100.0 100.0 100.0 100.0 100.0 100.0 -1.4 98.0 -2.3 100.0 2.9 99.7 100.0
CY 2016 100.0 0.0 - - 97.4 99.4 102.0 102.7 99.7 99.7 -0.3 94.9 -3.2 101.0 1.0 99.3 98.5
CY 2017 103.1 3.1 - - 100.9 100.5 104.8 103.1 103.8 102.2 2.5 98.8 4.1 100.6 -0.4 99.3 102.3
2017． Jan.-Mar. 102.5 2.4 101.3 -0.4 96.6 99.4 103.5 102.5 102.4 100.7 -0.8 98.9 2.0 100.2 2.2 99.0 100.7
2017． Apr.-June 101.1 4.4 103.2 1.9 100.8 100.7 106.4 103.3 103.8 102.3 1.6 99.0 0.1 100.3 0.1 99.0 102.8
2017． July-Sept. 102.6 2.5 103.2 0.0 101.6 101.2 104.7 103.3 103.9 102.4 0.1 99.1 0.1 99.6 -0.7 99.2 102.5
2017． Oct.-Dec. 106.1 3.1 104.4 1.2 104.5 100.2 105.2 103.4 105.1 103.1 0.7 101.1 2.0 102.6 3.0 99.3 103.8
2018． Jan.-Mar. 104.3 1.8 103.3 -1.1 103.5 98.3 103.6 103.7 103.5 101.8 -1.3 104.1 3.0 106.6 3.9 98.8 101.9
2018． Apr.-June 102.3 1.2 104.5 1.2 103.1 100.4 106.1 104.5 105.3 103.9 2.1 101.4 -2.6 104.1 -2.3 98.5 103.2
2018． July-Sept. 102.5 -0.1 103.1 -1.3 102.8 98.4 101.9 104.7 103.6 101.9 -1.9 102.6 1.2 104.6 0.5 98.6 101.4
2017． Aug. 97.6 3.6 104.0 1.5 105.0 101.4 105.6 103.7 104.4 103.7 1.6 98.6 0.1 98.1 -2.0 99.2 103.1
2017． Sept. 106.5 1.3 103.0 -1.0 100.8 100.5 105.1 103.4 103.6 101.4 -2.2 99.1 0.5 100.6 2.5 99.2 102.8
2017． Oct. 105.0 4.0 103.3 0.3 102.6 99.9 104.3 101.3 104.6 100.5 -0.9 102.0 2.9 105.0 4.4 99.3 102.8
2017． Nov. 106.6 2.2 104.2 0.9 104.3 99.8 104.2 103.7 104.9 103.5 3.0 100.8 -1.2 101.5 -3.3 99.3 103.4
2017． Dec. 106.7 3.2 105.8 1.5 106.5 100.9 107.0 105.2 105.9 105.4 1.8 101.1 0.3 101.3 -0.2 99.3 105.1
2018． Jan. 95.8 1.6 100.8 -4.7 100.7 97.2 94.4 103.0 101.6 100.2 -4.9 100.5 -0.6 109.7 8.3 99.0 99.8
2018． Feb. 101.1 1.0 103.5 2.7 102.9 98.2 108.2 103.3 103.7 101.9 1.7 100.8 0.3 104.1 -5.1 99.0 102.4
2018． Mar. 115.9 2.5 105.7 2.1 106.8 99.5 108.1 104.9 105.1 103.4 1.5 104.1 3.3 106.1 1.9 98.8 103.6
2018． Apr. 101.9 2.1 105.4 -0.3 105.7 101.4 112.5 103.7 105.6 105.2 1.7 103.2 -0.9 102.8 -3.1 98.6 105.1
2018． May 99.7 3.3 104.8 -0.6 102.4 100.9 102.9 105.3 105.7 103.0 -2.1 103.2 0.0 105.3 2.4 98.7 103.8
2018． June 105.4 -1.6 103.4 -1.3 101.2 98.9 102.8 104.6 104.5 103.6 0.6 101.4 -1.7 104.1 -1.1 98.5 100.7
2018． July 105.9 2.1 103.0 -0.4 99.8 99.2 97.8 106.0 104.3 101.4 -2.1 101.6 0.2 105.8 1.6 98.5 100.3
2018． Aug. 97.8 0.2 103.3 0.3 103.8 96.8 105.3 104.4 103.8 103.2 1.8 101.4 -0.2 102.7 -2.9 98.5 102.7
2018． Sept. 103.8 -2.5 102.9 -0.4 104.8 99.3 102.6 103.8 102.6 101.1 -2.0 102.6 1.2 105.2 2.4 98.6 101.2
Released by Ministry of Economy, Trade and Industry
(※)　Base year changed in November 2018. The figures of before 2013, Conected Indices base year was 2015.
〔Orders and Housing〕
Orders Received for Construction
Orders Received for Machinery (280 Companies) ● (※) ( 50 Companies) (※) New Construction Starts of Dwellings
Demand by by Non Seasonally With in
by except manufacturing Private Adjusted
Total Manufac- Total Number
Private Ships・ industries Non- Annual Own Rented Condo-
☆ Electricity ☆ turing ☆ (except Ships・ ☆ ★ ★ ☆
Sector Residence Rates House House minium
industries Electricity)
Thousand Thousand
Billion Yen ％ Billion Yen ％ Billion Yen ％ Billion Yen ％ Billion Yen ％％％ ★ ％
of Units of Units
CY * 1970 6,468.4 － 3,938.1 2,992.5 － 2,015.7 － 987.4 － 3,441.2 －－ 1,485 12.0 - - －－－
CY * 1975 8,441.0 5.5 3,920.7 3,317.2 2.1 1,794.6 -2.3 1,529.5 9.1 5,947.2 －－ 1,356 -1.8 - - －－－
CY * 1980 14,153.4 12.6 7,197.6 5,437.2 19.9 2,935.0 26.6 2,524.3 13.6 9,017.5 －－ 1,269 -15.0 - - -14.5 -22.7 -7.3
CY * 1985 16,250.0 1.1 8,082.2 6,659.7 7.6 3,752.2 6.8 2,923.7 8.6 12,048.3 6,139.3 － 1,236 4.1 - - -1.1 13.5 -3.0
CY * 1990 28,030.5 10.3 16,429.3 14,367.0 10.4 7,289.8 9.4 7,097.7 11.2 25,551.1 15,569.0 33.1 1,707 2.7 - - -3.4 -1.3 21.8
CY * 1995 25,713.5 4.1 14,108.1 11,667.2 6.7 5,015.7 7.4 6,661.4 6.4 19,452.4 8,808.6 -1.0 1,470 -6.4 - - -6.1 -7.0 -5.6
CY * 2000 26,300.5 13.8 13,309.7 12,055.8 19.0 5,141.9 21.7 6,927.1 16.8 15,943.9 7,529.6 1.1 1,230 1.3 - - -4.9 -0.7 14.1
CY 2002 22,040.4 -10.9 11,182.3 9,987.5 -12.0 3,777.8 -12.0 6,250.1 -11.7 12,986.2 5,687.2 -14.1 1,151 -1.9 - - -4.9 2.7 -4.4
CY 2003 25,357.1 15.0 12,247.5 11,054.5 10.7 4,408.9 16.7 6,665.3 6.6 12,534.6 6,091.3 7.1 1,160 0.8 - - 1.3 0.3 0.8
CY 2004 26,432.7 4.2 12,534.0 11,544.2 4.4 4,984.7 13.1 6,583.6 -1.2 13,061.1 6,805.2 11.7 1,189 2.5 - - -0.8 3.0 5.8
CY 2005 27,583.4 4.4 13,354.4 12,364.9 7.1 5,416.6 8.7 6,975.5 6.0 13,896.6 6,911.1 1.6 1,236 4.0 - - -4.5 8.5 6.8
CY 2006 29,488.5 - 13,070.8 11,676.4 - 5,844.7 - 5,858.2 - 13,621.4 7,321.5 5.9 1,290 4.4 - - 1.5 7.8 2.7
CY 2007 29,715.0 0.8 12,501.1 11,179.2 -4.3 5,624.7 -3.8 5,598.6 -4.4 13,794.6 8,006.8 9.4 1,061 -17.8 - - -12.2 -18.7 -22.3
CY 2008 28,101.7 -5.4 12,320.6 10,596.5 -5.2 5,084.2 -9.6 5,575.4 -0.4 14,005.6 8,073.9 0.8 1,094 3.1 - - 1.2 5.2 1.8
CY 2009 19,084.4 -32.1 9,415.6 7,711.9 -27.2 2,930.5 -42.4 4,812.8 -13.7 10,040.6 5,660.2 -29.9 788 -27.9 - - -10.6 -30.8 -43.7
CY 2010 23,218.4 21.7 10,193.2 8,255.5 7.0 3,563.1 21.6 4,713.1 -2.1 10,246.6 5,690.4 0.5 813 3.1 - - 7.2 -7.3 19.6
CY 2011 24,787.4 6.8 10,928.9 8,896.1 7.8 3,933.7 10.4 4,986.6 5.8 10,657.7 6,021.4 5.8 834 2.6 - - 0.1 -4.1 16.2
CY 2012 23,733.7 -4.3 10,381.5 8,813.4 -0.9 3,659.2 -7.0 5,173.5 3.7 11,000.0 6,037.7 0.3 883 5.8 - - 2.0 11.4 5.2
CY 2013 25,604.1 7.9 10,973.7 9,323.2 5.8 3,685.8 0.7 5,676.4 9.7 13,207.6 7,426.9 23.0 980 11.0 - - 13.9 11.8 6.9
CY 2014 27,891.9 8.9 11,603.4 9,692.0 4.0 4,103.6 11.3 5,628.4 -0.8 13,928.6 6,796.2 -8.5 892 -9.0 - - -19.6 1.7 -10.0
68
CY 2015 28,606.6 2.6 12,420.6 10,089.1 4.1 4,369.8 6.5 5,748.3 2.1 14,124.0 8,071.6 18.8 909 1.9 - - -0.7 4.6 1.6
CY 2016 27,190.7 -4.9 12,640.8 10,260.0 1.7 4,301.0 -1.6 5,985.4 4.1 14,699.1 8,352.8 3.5 967 6.4 - - 3.1 10.5 3.9
CY 2017 28,115.9 3.4 12,012.0 10,143.1 -1.1 4,482.8 4.2 5,681.7 -5.1 14,782.7 8,650.2 3.6 965 -0.3 - - -2.7 0.2 1.9
2017． Jan.-Mar. 6,687.5 -7.9 2,906.9 2,546.1 -1.2 1,052.5 -1.3 1,511.1 -0.5 4,331.7 2,308.5 2.0 223 3.2 972 0.3 -0.8 10.0 -2.0
2017． Apr.-June 6,799.1 1.7 2,887.5 2,459.8 -3.4 1,079.7 2.6 1,389.2 -8.1 3,407.8 1,998.8 -4.9 250 1.1 987 1.6 -0.5 0.3 4.7
2017． July-Sept. 7,230.7 6.3 3,052.5 2,528.9 2.8 1,146.7 6.2 1,389.7 0.0 3,450.8 2,081.3 4.1 247 -2.4 955 -3.3 -5.3 -3.6 3.7
2017． Oct.-Dec. 7,518.5 4.0 3,146.6 2,536.6 0.3 1,187.3 3.5 1,360.2 -2.1 3,592.5 2,261.7 13.7 245 -2.5 948 -0.7 -3.9 -3.6 0.8
2018． Jan.-Mar. 7,121.3 -5.3 3,037.2 2,619.8 3.3 1,216.8 2.5 1,407.0 3.4 4,445.1 2,446.6 6.0 205 -8.2 892 -5.9 -3.4 -9.4 -10.8
2018． Apr.-June 7,309.4 2.6 3,180.6 2,678.6 2.2 1,283.5 5.5 1,401.9 -0.4 3,155.6 1,992.3 -0.3 245 -2.0 968 8.5 -2.5 -3.5 -1.3
2018． July-Sept. 7,508.3 2.7 3,278.2 2,702.3 0.9 1,258.3 -2.0 1,451.5 3.5 3,374.5 2,147.5 3.2 246 -0.2 953 -1.6 0.1 -2.0 2.1
2017． Aug. 2,551.8 8.5 1,040.7 867.9 3.2 400.6 11.8 470.8 -0.2 933.9 575.8 1.2 81 -2.0 942 -2.4 -7.4 -4.9 12.0
2017． Sept. 2,326.7 -8.8 1,017.2 820.1 -5.5 387.7 -3.2 447.0 -5.1 1,476.2 886.7 10.7 83 -2.9 956 1.4 -2.7 -2.3 -5.3
2017． Oct. 2,416.7 3.9 1,040.1 841.9 2.7 407.3 5.1 443.8 -0.7 1,075.7 632.4 5.1 83 -4.8 945 -1.1 -4.8 -4.8 -4.8
2017． Nov. 2,733.8 13.1 1,085.9 888.6 5.5 407.4 0.0 470.7 6.0 1,137.9 723.7 26.7 85 -0.4 962 1.7 -4.2 -2.9 8.7
2017． Dec. 2,368.1 -13.4 1,020.6 806.0 -9.3 372.6 -8.5 445.7 -5.3 1,378.8 905.6 11.0 77 -2.1 936 -2.7 -2.5 -3.0 -1.3
2018． Jan. 2,474.5 4.5 985.6 872.3 8.2 409.4 9.9 465.4 4.4 925.6 520.1 -1.7 66 -13.2 856 -8.6 0.1 -10.8 -27.5
2018． Feb. 2,418.8 -2.3 1,132.1 891.0 2.1 442.3 8.0 465.7 0.0 1,247.9 725.8 30.9 69 -2.6 926 8.2 -6.1 -4.6 3.4
2018． Mar. 2,228.0 -7.9 919.6 856.6 -3.9 365.0 -17.5 475.9 2.2 2,271.7 1,200.6 -2.0 70 -8.3 895 -3.4 -4.2 -12.3 -3.6
2018． Apr. 2,508.0 12.6 1,058.7 943.1 10.1 447.9 22.7 477.8 0.4 1,021.2 624.5 11.4 84 0.3 992 10.9 -1.9 -2.1 5.0
2018． May 2,587.5 3.2 1,092.9 907.9 -3.7 453.8 1.3 478.7 0.2 892.1 564.0 -10.5 80 1.3 996 0.4 -2.2 -5.7 12.2
2018． June 2,213.9 -14.4 1,028.9 827.6 -8.8 381.8 -15.9 445.4 -7.0 1,242.4 803.7 -0.5 81 -7.1 915 -8.2 -3.4 -3.0 -18.8
2018． July 2,630.4 18.8 1,143.5 918.6 11.0 426.8 11.8 494.1 10.9 943.9 627.3 1.4 83 -0.7 958 4.7 0.3 -1.4 -0.7
2018． Aug. 2,676.5 1.8 1,188.3 981.5 6.8 455.1 6.6 523.5 6.0 939.0 542.7 -5.7 82 1.6 957 -0.0 0.2 1.4 2.9
2018． Sept. 2,201.4 -17.8 946.3 802.2 -18.3 376.4 -17.3 433.9 -17.1 1,491.7 977.5 10.2 82 -1.5 943 -1.6 -0.0 -5.8 4.3
Released by Cabinet Office Ministry of Land, Infrastructure and Transport
(※) Orders Received for Machinery (280 Companies): Before March 1987, base was 178 Companies.
In April 2005, the seasonal adjustments in the survey are made using the Census Bureau method (X-11 of X-12-ARIMA)
Since 2006 ,"mobile phone" has been excluded
Orders Received for Construction (50 Companies): After April 1985, base was changed from 43 Companies to 50 Companies.
〔Labour and Wages〕
Cash Earning Index Employment Index of Regular Employees Index of Nonscheduled Hours Worked
Enterprises with 5 employees and over. Totally Unempl Ratio of Rate of New
Job Offers Job Offers
Labour Em- Em- Unempl oyment
to to New
All All All Force ployed ployees oyed rate Applicants Applicants
Manu- Manu- Manu-
Indust- ★ Indust- Indust-
facturing ★ ★ facturing ★ ● ☆ ries ★ facturing ★ ●☆
ries □ ries ●
2015 = 100 (※) ％ 10 thousand Persons ％ Times
CY * 1970 19.2 －－ 16.7 17.5 78.8 － 131.2 3.8 - 132.5 － 107.6 -4.4 - 5,153 5,094 3,306 59 1.1 1.41 1.61
* 1975 45.3 14.8 2.7 38.1 11.5 80.5 -1.6 122.6 -5.2 - 81.8 -16.7 52.4 -24.2 - 5,323 5,223 3,646 100 1.9 0.61 0.97
* 1980 66.3 6.3 -1.6 56.7 7.5 84.4 1.5 117.0 1.0 - 106.3 1.8 93.0 6.8 - 5,650 5,536 3,971 114 2.0 0.75 1.07
* 1985 79.6 2.8 0.7 69.0 3.1 88.6 1.0 121.7 1.6 - 114.6 1.8 102.9 0.9 - 5,963 5,807 4,313 156 2.6 0.68 0.97
* 1990 101.9 －－ 83.4 － 82.3 － 134.8 － - 123.4 － 112.2 － - 6,384 6,249 4,835 134 2.1 1.40 2.07
* 1995 111.7 1.1 1.4 92.1 2.9 89.9 0.6 132.0 -1.4 - 89.3 2.0 77.6 9.1 - 6,666 6,457 5,263 210 3.2 0.63 1.06
* 2000 111.7 0.1 0.9 96.1 1.6 90.5 -0.3 118.3 -2.6 - 91.3 4.4 88.2 13.4 - 6,766 6,446 5,356 320 4.7 0.59 1.05
2002 106.7 -2.9 -1.9 94.6 -1.3 89.3 -1.0 109.0 -5.0 - 88.6 1.1 84.6 4.1 - 6,689 6,330 5,331 359 5.4 0.54 0.93
2003 105.8 -0.7 -0.5 96.3 1.8 88.5 -0.9 105.9 -2.8 - 92.8 4.6 93.2 10.1 - 6,666 6,316 5,335 350 5.3 0.64 1.07
2004 105.1 -0.7 -0.7 97.9 1.6 88.6 0.1 104.6 -1.3 - 95.9 3.3 99.9 7.3 - 6,642 6,329 5,355 313 4.7 0.83 1.29
2005 105.8 0.6 1.0 98.9 1.0 88.7 0.1 104.3 -0.3 - 97.0 1.1 99.7 -0.3 - 6,650 6,356 5,393 294 4.4 0.95 1.46
2006 106.0 0.3 0.0 100.1 1.3 89.2 0.6 104.6 0.3 - 99.5 2.6 104.2 4.5 - 6,664 6,389 5,478 275 4.1 1.06 1.56
2007 104.9 -1.0 -1.1 99.7 -0.5 91.3 2.3 105.1 0.5 - 100.8 1.3 104.5 0.3 - 6,684 6,427 5,537 257 3.9 1.04 1.52
2008 104.6 -0.3 -1.8 100.1 0.4 93.4 2.3 105.5 0.4 - 99.2 -1.5 96.8 -7.3 - 6,674 6,409 5,546 265 4.0 0.88 1.25
2009 100.5 -3.9 -2.6 93.1 -6.9 94.2 0.9 102.8 -2.7 - 84.5 -14.9 66.0 -31.9 - 6,650 6,314 5,489 336 5.1 0.47 0.79
2010 101.0 0.5 1.3 96.8 3.9 94.5 0.4 101.8 -0.8 - 93.0 10.1 88.2 33.7 - 6,632 6,298 5,500 334 5.1 0.52 0.89
2011 100.8 -0.2 0.1 98.8 2.0 95.2 0.7 101.5 -0.3 - 93.9 1.0 89.8 1.8 - 6,596 6,293 5,512 302 4.6 0.65 1.05
2012 100.0 -0.9 -0.9 98.6 -0.2 95.8 0.7 101.2 -0.3 - 94.6 0.7 91.4 1.8 - 6,565 6,280 5,513 285 4.3 0.80 1.28
2013 99.6 -0.4 -0.9 97.9 -0.7 96.6 0.8 100.0 -1.2 - 97.1 2.7 93.8 2.6 - 6,593 6,326 5,567 265 4.0 0.93 1.46
2014 100.0 0.4 -2.8 99.6 1.8 98.0 1.5 99.6 -0.4 - 101.0 4.0 99.5 6.1 - 6,609 6,371 5,613 236 3.6 1.09 1.66
2015 100.0 0.1 -0.9 100.0 0.4 100.0 2.1 100.0 0.4 - 100.0 -1.0 100.0 0.4 - 6,625 6,401 5,663 222 3.4 1.20 1.80
69
2016 100.6 0.5 0.7 100.6 0.6 102.1 2.1 100.4 0.4 - 98.5 -1.5 98.3 -1.7 - 6,673 6,465 5,750 208 3.1 1.36 2.04
2017 101.0 0.4 -0.2 101.9 1.3 104.7 2.5 101.1 0.7 - 99.5 1.0 101.3 3.1 - 6,720 6,530 5,819 190 2.8 1.50 2.24
2017． Jan.-Mar. 86.3 0.2 -0.1 83.6 1.1 102.9 2.3 100.0 0.3 0.0 99.7 1.2 100.6 3.1 1.4 6,634 6,443 5,758 192 2.9 1.44 2.14
2017． Apr.-June 104.0 0.5 -0.1 99.5 1.5 104.7 2.6 101.5 0.6 0.4 99.1 0.9 98.3 2.9 -0.1 6,743 6,543 5,800 193 2.9 1.49 2.23
2017． July-Sept. 97.0 0.2 -0.6 103.5 1.1 105.4 2.6 101.3 0.7 0.2 97.0 0.9 99.4 2.6 0.4 6,767 6,577 5,848 188 2.8 1.52 2.25
2017． Oct.-Dec. 116.7 0.7 -0.1 121.1 1.7 105.9 2.6 101.4 0.8 0.3 102.4 1.2 106.7 3.4 1.6 6,736 6,558 5,868 184 2.7 1.57 2.36
2018． Jan.-Mar. 87.5 1.4 -0.2 85.0 1.7 105.0 1.9 101.0 1.0 0.1 98.5 -1.2 103.8 3.2 1.3 6,753 6,587 5,876 167 2.5 1.59 2.35
2018． Apr.-June 106.3 2.2 1.4 102.1 2.6 106.4 1.6 102.6 1.1 0.5 99.7 0.6 101.1 2.8 -0.5 6,854 6,685 5,929 163 2.4 1.60 2.39
2018． July-Sept. 98.1 1.1 -0.1 104.8 1.3 106.8 1.3 102.5 1.2 0.3 94.6 -2.5 99.2 -0.2 -2.5 6,854 6,686 5,957 166 2.4 1.63 2.42
2017． Aug. 87.4 0.7 -0.1 85.0 0.1 105.3 2.5 101.2 0.7 0.0 93.6 0.6 95.6 2.6 0.1 6,762 6,573 5,840 186 2.8 1.52 2.22
2017． Sept. 85.3 0.9 -0.1 84.5 2.7 105.5 2.7 101.3 0.8 0.2 99.1 1.5 101.9 3.1 0.9 6,786 6,596 5,866 188 2.8 1.53 2.27
2017． Oct. 85.3 0.2 -0.1 83.4 1.0 105.7 2.7 101.4 0.8 0.1 100.9 0.7 104.4 3.7 0.7 6,762 6,581 5,877 186 2.8 1.55 2.35
2017． Nov. 88.7 0.9 0.1 88.1 1.1 106.0 2.7 101.5 0.9 0.1 102.7 1.5 107.5 3.6 0.3 6,730 6,552 5,865 184 2.7 1.56 2.34
2017． Dec. 176.1 0.9 -0.3 191.7 2.2 106.1 2.6 101.4 0.9 0.0 103.6 1.5 108.1 3.0 0.2 6,716 6,542 5,863 183 2.7 1.59 2.38
2018． Jan. 87.1 1.2 -0.6 84.1 0.4 105.2 1.8 101.1 0.9 0.0 94.5 -2.0 95.6 2.7 0.1 6,722 6,562 5,880 160 2.4 1.59 2.34
2018． Feb. 84.7 1.0 -0.8 83.1 1.2 105.2 2.0 101.0 1.0 0.1 98.2 -0.9 106.9 2.4 1.1 6,744 6,578 5,875 169 2.5 1.58 2.30
2018． Mar. 90.7 2.0 0.7 87.9 3.5 104.6 1.9 101.0 1.1 0.2 102.7 -0.9 108.8 4.2 0.7 6,793 6,620 5,872 173 2.5 1.59 2.41
2018． Apr. 88.3 0.6 -0.2 85.9 1.7 106.0 1.6 102.6 1.1 0.2 103.6 0.0 106.3 3.1 -0.7 6,851 6,671 5,916 172 2.5 1.59 2.37
2018． May 87.9 2.1 1.3 83.4 1.5 106.5 1.7 102.6 1.1 0.1 97.3 0.9 95.6 2.7 -0.7 6,856 6,698 5,931 151 2.2 1.60 2.34
2018． June 142.7 3.3 2.5 137.1 4.1 106.7 1.5 102.6 1.1 0.1 98.2 0.9 101.3 2.5 -0.3 6,855 6,687 5,940 166 2.4 1.62 2.47
2018． July 120.2 1.6 0.5 143.2 1.5 106.8 1.3 102.6 1.2 0.1 96.4 -1.8 101.3 0.7 -1.7 6,832 6,660 5,953 172 2.5 1.63 2.42
2018． Aug. 88.1 0.8 -0.7 86.5 1.8 106.8 1.4 102.5 1.3 0.1 91.8 -1.9 95.0 -0.6 -1.2 6,852 6,682 5,953 167 2.4 1.63 2.34
2018． Sept. 86.0 0.8 -0.6 84.7 0.2 106.7 1.1 102.4 1.1 0.0 95.5 -3.6 101.3 -0.6 0.9 6,877 6,715 5,966 160 2.3 1.64 2.50
Ministry of Health, Labour
Released by Ministry of Health, Labour and Welfare Ministry of Internal Affairs and Communications
and Welfare
(※)　Base year changed in March 2017. In 1989 and before, enterprises with 30 employees and over.(base year = 2005)
Labour Force Survey: The benchmark population for calculating the results of the Labour Force Survey has been revised to the 2015 Census-based population estimates in January 2017.
In order to remove the gaps, data from October 2010 through December 2016 have been adjusted to comparable time-series data responding to the revision.
indicates Supplementary-estimated figures (Referential figures:2015-census base). The reason of the treatment is that figures covering
from March through August 2011 for whole Japan were missing due to the damage caused by the Great East Japan Earthquake.
Labour Force Survey：
〔Consumption・Prices〕
Family Income and Expenditure
Current Survey of Commerce
Survey Corporate Goods Price Index Crude oil Consumer Price Index
Living Workers
Sales of Departmentstores and price
Expenditure House-
(Two-or-more-person households) holds Sales of Supermarkets Domestic using ＜Dubai＞ All Japan Ku-area of Tokyo
Export Import
Retails Domestic chain-weighted
★
Average Department Super (Yen basis) (Yen basis) index formula
Propensity Stores Market
to
General General excluding General General excluding
Consume Average Fresh Food Fresh Food
□ ★ (※) ★ ☆ ★ ☆ ★ ☆ ★ ☆
● ★ ☆ ★ ☆ ★ ☆ ★ ☆
Yen (During month
or average during % % 2015 = 100 (※) % $ / bl 2015 = 100 (※) %
year)
CY * 1970 79,531 10.4 －－－－－－ 3.4 - 4.4 - 3.4 - － - － - - - - - - - -

* 1975 157,982 14.7 －－－－－－ 2.8 - -3.8 - 8.2 - － - － 11.7 - 11.9 - 12.2 - 12.6 -
* 1980 230,568 7.4 -0.6 77.9 －－－－ 15.0 - 9.1 - 49.4 - － - － 7.7 - 7.5 - 7.1 - 7.1 -
* 1985 273,114 2.6 0.5 77.5 3.6 －－－ -0.8 - -1.4 - -2.4 - － - 26.50 2.0 - 2.0 - 2.4 - 2.4 -
* 1990 311,174 3.9 0.8 75.3 8.4 6.6 7.8 5.1 1.5 - 2.1 - 8.6 - － - 20.65 3.1 - 2.7 - 3.0 - 2.7 -
* 1995 329,062 -1.4 -1.1 72.5 0.0 -1.9 -2.1 -1.7 -0.8 - -2.2 - -0.1 - － - 16.10 -0.1 - 0.0 - -0.3 - -0.1 -
* 2000 317,328 -1.8 -0.9 72.1 -1.5 -4.6 -2.5 -6.4 0.0 - -4.6 - 4.7 - -0.4 - 26.20 -0.7 - -0.4 - -1.0 - -0.7 -
2002 305,953 -1.0 0.1 73.0 -3.3 -2.2 -2.1 -2.2 -2.0 - -1.2 - -1.5 - -2.4 - 23.78 -0.9 - -0.9 - -1.0 - -0.9 -
2003 301,841 -1.3 -1.0 74.1 0.1 -3.2 -2.6 -3.7 -0.8 - -4.0 - -0.9 - -1.3 - 26.72 -0.3 - -0.3 - -0.4 - -0.4 -
2004 302,975 0.4 0.4 74.3 1.0 -3.5 -2.8 -4.1 1.3 - -1.4 - 4.2 - 0.5 - 33.46 0.0 - -0.1 - -0.1 - -0.2 -
2005 300,531 -0.8 -0.4 74.7 1.0 -2.3 -0.5 -3.6 1.7 - 2.0 - 13.1 - 0.6 - 49.44 -0.3 - -0.1 - -0.5 - -0.4 -
2006 294,943 -1.9 -2.2 72.5 0.1 -1.2 -0.7 -1.6 2.2 - 3.1 - 13.9 - 1.9 - 61.53 0.3 - 0.1 - 0.1 - 0.0 -
2007 297,782 1.0 0.9 73.1 0.4 -1.0 -0.7 -1.3 1.8 - 2.2 - 7.6 - 1.4 - 68.29 0.0 - 0.0 - 0.1 - 0.0 -
2008 296,932 -0.3 -1.9 73.4 0.4 -2.5 -4.2 -1.3 4.5 - -6.1 - 8.6 - 4.3 - 93.97 1.4 - 1.5 - 1.0 - 1.0 -
2009 291,737 -1.7 -0.2 74.6 -2.2 -7.0 -10.1 -5.0 -5.2 - -10.5 - -25.4 - -4.8 - 61.94 -1.4 - -1.3 - -1.2 - -1.0 -
2010 290,244 -0.5 0.3 74.0 2.6 -2.6 -3.0 -2.4 -0.1 - -2.5 - 7.0 - 0.0 - 78.10 -0.7 - -1.0 - -1.0 - -1.2 -
2011 282,966 -2.5 -2.2 73.4 -1.0 -1.8 -2.3 -1.5 1.5 - -2.2 - 7.5 - 1.3 - 106.15 -0.3 - -0.3 - -0.5 - -0.4 -
2012 286,169 1.1 1.1 73.9 1.8 -0.8 0.4 -1.4 -0.9 - -2.0 - -0.3 - -1.0 - 108.88 0.0 - -0.1 - -0.5 - -0.5 -
70
2013 290,454 1.5 1.0 74.9 1.0 -0.4 1.8 -1.5 1.3 - 11.7 - 14.5 - 1.2 - 105.36 0.4 - 0.4 - 0.1 - 0.1 -
2014 291,194 0.3 -2.9 75.3 1.7 0.9 2.1 0.3 3.1 - 3.2 - 4.2 - 3.1 - 96.56 2.7 - 2.6 - 2.3 - 2.2 -
2015 287,373 -1.3 -2.3 73.8 -0.4 0.4 0.5 0.3 -2.3 - 1.3 - -11.3 - -2.2 - 51.11 0.8 - 0.5 - 0.7 - 0.6 -
2016 282,188 -1.8 -1.7 72.2 -0.6 -0.9 -2.9 0.1 -3.5 - -9.3 - -16.4 - -3.6 - 41.36 -0.1 - -0.3 - -0.2 - -0.3 -
2017 283,027 0.3 -0.3 72.1 1.9 0.0 0.6 -0.2 2.3 - 5.3 - 10.9 - 2.5 - 53.07 0.5 - 0.5 - 0.1 - 0.2 -
2017． Jan.-Mar. 279,278 -1.6 -2.0 73.0 1.2 -1.5 -1.2 -1.6 0.9 1.5 2.6 4.0 8.6 7.5 1.0 1.6 52.82 0.3 -0.4 0.2 -0.1 -0.2 -0.7 -0.3 -0.4
2017． Apr.-June 282,596 0.7 0.2 74.6 2.5 0.2 0.9 -0.1 2.2 0.6 4.4 -1.5 11.7 -1.0 2.4 0.7 49.70 0.4 0.4 0.4 0.6 0.0 0.5 0.0 0.7
2017． July-Sept. 276,106 0.8 0.0 70.3 2.0 0.7 1.4 0.4 2.8 0.3 8.3 0.9 12.8 -0.8 3.0 0.3 50.63 0.6 0.0 0.6 0.0 0.4 0.0 0.3 0.0
2017． Oct.-Dec. 294,130 1.3 0.5 71.3 1.9 0.6 1.3 0.3 3.3 0.9 6.1 2.6 11.0 5.1 3.5 0.9 59.12 0.6 0.6 0.9 0.4 0.4 0.6 0.7 0.4
2018． Jan.-Mar. 285,516 1.7 0.1 71.4 1.4 0.4 0.4 0.3 2.5 0.6 0.6 -1.3 3.8 0.5 2.6 0.6 64.09 1.3 0.3 0.9 -0.1 1.2 0.1 0.8 -0.3
2018． Apr.-June 281,129 -1.4 -2.2 69.4 1.3 -0.4 1.5 -1.3 2.4 0.6 2.6 0.4 7.5 2.6 2.4 0.6 71.75 0.7 -0.3 0.7 0.4 0.5 -0.2 0.6 0.5
2018． July-Sept. 282,380 1.8 0.5 70.2 P 2.1 P -0.5 P -2.6 P 0.5 3.0 0.9 2.5 0.8 11.5 2.9 3.0 0.9 73.86 1.1 0.5 0.9 0.2 1.1 0.6 0.9 0.3
2017． Sept. 268,802 0.6 -0.3 70.3 2.3 1.9 4.2 0.8 3.0 0.3 9.1 1.2 13.8 1.9 3.3 0.2 53.86 0.7 0.2 0.7 0.0 0.5 0.1 0.5 -0.1
2017． Oct. 282,872 0.3 0.0 71.2 -0.2 -0.7 -0.5 -0.9 3.5 0.4 9.7 1.8 15.6 2.7 3.8 0.4 55.58 0.2 0.0 0.8 0.3 -0.1 0.1 0.6 0.3
2017． Nov. 277,361 2.4 1.7 71.7 2.1 1.4 3.6 0.2 3.5 0.4 6.8 0.2 10.4 1.1 3.7 0.4 60.58 0.6 0.4 0.9 0.1 0.3 0.3 0.6 0.0
2017． Dec. 322,157 1.2 -0.1 70.9 3.6 1.1 0.8 1.3 3.0 0.2 2.3 0.3 7.3 1.9 3.2 0.2 61.41 1.0 0.3 0.9 0.0 1.0 0.3 0.8 0.0
2018． Jan. 289,703 3.6 1.9 74.5 1.5 0.4 -0.1 0.7 2.7 0.3 1.6 -0.6 5.0 -0.4 2.9 0.3 66.02 1.4 0.1 0.9 -0.2 1.3 -0.1 0.7 -0.4
2018． Feb. 265,614 0.9 -0.9 69.3 1.7 0.6 0.3 0.7 2.5 0.0 0.8 -1.0 4.4 -0.1 2.4 0.0 62.79 1.5 0.0 1.0 0.1 1.4 0.0 0.9 0.2
2018． Mar. 301,230 0.6 -0.7 70.6 1.0 0.1 0.9 -0.4 2.0 -0.1 -0.5 -0.9 1.7 -1.8 2.1 -0.1 63.29 1.1 -0.3 0.9 0.1 1.0 -0.3 0.8 0.1
2018． Apr. 294,439 -0.5 -1.3 70.2 1.5 -0.8 1.5 -1.8 2.0 0.3 1.9 0.3 5.1 1.3 1.9 0.2 68.43 0.6 -0.1 0.7 0.2 0.5 -0.1 0.6 0.2
2018． May 281,307 -3.1 -3.9 72.3 0.6 -2.0 -1.2 -2.4 2.6 0.5 2.4 1.5 6.8 2.9 2.6 0.6 73.66 0.7 0.1 0.7 0.1 0.4 0.0 0.5 0.0
2018． June 267,641 -0.4 -1.2 66.1 1.7 1.5 4.0 0.3 2.8 0.3 3.3 0.1 10.8 1.9 2.7 0.2 73.22 0.7 -0.1 0.8 0.0 0.6 0.0 0.7 0.0
2018． July 283,387 1.2 0.1 69.9 1.5 -1.6 -5.1 0.3 3.0 0.4 2.6 0.4 11.5 0.9 3.0 0.5 72.72 0.9 0.1 0.8 -0.1 0.9 0.1 0.8 0.0
2018． Aug. 292,481 4.3 2.8 70.7 2.7 -0.1 0.6 -0.4 3.0 0.0 2.8 -0.4 12.2 -0.6 2.9 0.0 72.13 1.3 0.5 0.9 0.3 1.2 0.7 0.9 0.5
2018． Sept. 271,273 -0.2 -1.6 69.9 P 2.1 P 0.4 P -2.6 P 1.7 3.0 0.3 2.1 0.5 10.8 0.6 2.9 0.2 77.02 1.2 0.1 1.0 0.0 1.2 0.1 1.0 0.0
2018．P Oct. 2.9 0.3 0.9 0.6 9.5 1.6 2.8 0.3 78.96 1.4 0.3 1.0 0.3 1.5 0.3 1.0 0.3
Ministry of Internal Affairs and Ministry of Economy Trade and
Released by Communications
Bank of Japan Bloomberg Ministry of Internal Affairs and Communications
Industry
(※) Family Income and Expenditure Survey: Two-or-more-person households (Including agricultural, forestry and fisheries households) in and after January 2000.
Figures　form January 2018 are "discontinuity-adjusted figures"
Current Survey of Commerce: Data is compared to them of previous year or month after store adjustment.
Corporate Goods Price Index: Changed to the 2015 base CGPI in January 2017.
Consumer Price Index: Base year changed in August 2016.
〔Foreign Trade Statistics〕
Exports and Imports on a Customs Clearance Basis (※)
Exports Imports
Machi- Machi-
Electric
nery and Office Passen- to to to Food- Crude Crude Oil
nery and Office from from from
Total
★ ☆ Metals Equip- Machi-
Equip-
ger
Total ★ ☆
Materials and
Equip-
ments U.S.A EU Asia stuff and Fuels Petroleum
ments
Machi- U.S.A EU Asia
ments nary nary
Cars Products
Billion Yen ％ Billion Yen Billion Yen ％ Billion Yen
CY * 1970 6,954.4 20.8 - - - - - - - - - 6,797.2 25.7 - - - - - - - - -
* 1975 16,545.3 2.1 - - - - - - - - - 17,170.0 -5.0 - - - - - - - - -
* 1980 29,382.5 30.4 - 4,844.6 4,090.9 515.0 - 5,265.9 7,118.1 3,766.4 8,258.5 31,995.3 32.0 - 3,326.4 21,364.7 13,176.9 2,239.3 233.6 5,558.1 1,779.9 8,271.6
* 1985 41,955.7 4.0 - 4,430.0 7,039.5 1,857.9 - 8,195.1 15,582.7 4,768.0 11,046.0 31,084.9 -3.8 - 3,718.8 17,729.8 9,732.2 2,971.4 370.4 6,213.4 2,126.9 8,867.9
* 1990 41,456.9 9.6 - 2,824.6 9,175.7 2,980.0 - 7,358.7 13,056.6 7,733.9 12,884.2 33,855.2 16.8 - 4,572.4 12,217.5 5,853.5 5,903.2 753.9 7,585.9 5,070.7 9,733.2
* 1995 41,530.9 2.6 - 2,699.1 10,009.7 2,889.2 10,646.6 4,979.7 11,333.0 6,600.1 18,081.3 31,548.8 12.3 - 4,783.8 8,107.2 3,358.9 7,997.0 1,481.4 7,076.4 4,579.7 11,566.1
* 2000 51,654.2 8.6 - 2,851.6 11,096.4 3,094.2 13,670.2 6,930.1 15,355.9 8,431.9 21,254.2 40,938.4 16.1 - 4,966.4 10,958.6 5,772.0 12,924.0 2,904.2 7,778.9 5,042.9 17,062.7
2002 52,109.0 6.4 - 3,227.4 10,598.8 3,005.3 11,924.2 8,774.6 14,873.3 7,662.9 22,438.7 42,227.5 -0.4 - 5,282.3 10,695.7 5,395.8 13,434.3 2,697.5 7,237.2 5,482.4 18,358.4
2003 54,548.4 4.7 - 3,388.5 11,024.8 2,619.1 12,857.2 8,895.0 13,412.2 8,351.4 25,318.3 44,362.0 5.1 - 5,104.6 12,008.4 6,324.2 13,973.6 2,744.8 6,825.0 5,670.0 19,726.8
2004 61,170.0 12.1 - 4,060.5 12,607.0 2,611.3 14,373.3 9,214.2 13,730.7 9,461.6 29,636.8 49,216.6 10.9 - 5,302.2 13,749.5 7,256.6 15,394.0 2,879.8 6,763.4 6,209.2 22,224.2
2005 65,656.5 7.3 - 4,769.9 13,352.4 2,574.7 14,549.2 9,928.8 14,805.5 9,651.8 31,795.6 56,949.4 15.7 - 5,558.8 18,065.0 10,301.0 16,814.7 3,027.3 7,074.3 6,470.2 25,278.7
2006 75,246.2 14.6 - 5,783.3 14,800.0 2,730.1 16,075.7 12,299.5 16,933.6 10,911.7 35,775.7 67,344.3 18.3 - 5,709.6 23,389.9 13,401.8 19,206.1 3,049.6 7,911.2 6,955.2 29,360.1
2007 83,931.4 11.5 - 6,718.8 16,631.4 2,911.6 16,949.8 14,317.0 16,896.2 12,397.9 40,400.1 73,135.9 8.6 - 6,040.8 25,876.4 14,260.4 20,239.1 2,778.4 8,348.7 7,662.7 31,563.9
2008 81,018.1 -3.5 - 7,152.1 15,927.7 2,532.8 15,368.1 13,736.1 14,214.3 11,429.8 39,966.2 78,954.8 8.0 - 6,211.8 33,196.7 18,640.8 18,736.4 2,533.8 8,039.6 7,291.7 32,033.9
2009 54,170.6 -33.1 - 4,724.9 9,668.5 1,710.4 10,771.1 6,693.3 8,733.4 6,749.2 29,338.3 51,499.4 -34.8 - 4,999.4 17,596.7 8,708.9 13,518.1 1,869.2 5,512.4 5,517.6 22,989.3
2010 67,399.6 24.4 - 5,992.5 13,316.6 1,811.0 12,650.5 9,174.1 10,374.0 7,615.8 37,827.4 60,765.0 18.0 - 5,199.4 22,163.8 10,998.7 16,070.3 2,199.6 5,911.4 5,821.0 27,511.1
2011 65,546.5 -2.7 - 5,997.1 13,803.3 1,582.3 11,600.1 8,204.2 10,017.7 7,619.3 36,685.9 68,111.2 12.1 - 5,854.2 27,086.5 13,640.9 16,176.2 2,131.6 5,931.4 6,411.0 30,391.3
2012 63,747.6 -2.7 - 5,805.4 12,842.8 1,470.3 11,405.1 9,225.0 11,188.4 6,500.6 34,855.0 70,688.6 3.8 - 5,852.3 28,856.2 14,709.0 17,333.7 2,164.8 6,082.1 6,641.8 31,305.7
2013 69,774.2 9.5 - 6,352.3 13,359.0 1,644.8 12,051.6 10,412.5 12,928.2 7,000.2 37,866.6 81,242.5 14.9 - 6,473.1 32,801.4 16,950.2 20,816.8 2,522.6 6,814.8 7,648.9 35,971.5
2014 73,093.0 4.8 - 6,598.1 14,218.4 1,633.9 12,650.0 10,919.4 13,649.3 7,585.3 39,518.2 85,909.1 5.7 - 6,731.8 33,282.1 16,580.9 23,248.7 2,714.8 7,542.7 8,168.8 38,618.1
71
2015 75,613.9 3.4 - 6,314.9 14,423.9 1,660.0 13,288.7 12,046.3 15,224.6 7,985.1 40,328.7 78,405.5 -8.7 - 7,002.1 23,071.2 10,006.3 24,274.4 2,578.0 8,059.8 8,625.0 38,358.5
2016 70,035.8 -7.4 - 5,219.5 13,613.5 1,411.6 12,322.5 11,332.9 14,142.9 7,981.7 37,107.0 66,042.0 -15.8 - 6,362.9 16,064.1 6,606.3 22,131.0 2,268.8 7,322.1 8,151.7 33,198.8
2017 78,286.5 11.8 - 5,906.8 15,684.8 1,531.7 13,695.3 11,825.4 15,113.5 8,656.9 42,920.0 75,379.2 14.1 - 7,017.6 20,565.0 8,699.2 24,489.9 2,560.1 8,090.3 8,756.6 37,026.1
2017． Jan.-Mar. 18,996.1 8.5 - 1,446.6 3,799.3 376.5 3,209.1 2,795.1 3,630.3 2,097.9 10,232.1 18,693.1 8.8 - 1,589.3 5,451.9 2,383.1 5,924.5 664.6 2,002.6 2,084.9 9,075.6
2017． Apr.-June 18,789.8 10.5 - 1,435.9 3,818.4 361.0 3,223.7 2,779.6 3,621.1 2,136.8 10,258.8 18,082.7 16.2 - 1,781.5 4,861.0 1,935.1 5,790.5 610.8 2,034.0 2,117.2 8,779.3
2017． July-Sept. 19,583.8 15.1 - 1,459.4 3,870.8 386.4 3,521.4 2,967.4 3,799.7 2,159.2 10,709.7 18,426.6 14.8 - 1,771.8 4,796.8 1,941.0 6,015.1 626.8 2,006.4 2,196.4 9,123.4
2017． Oct.-Dec. 20,916.8 13.0 - 1,565.0 4,196.4 407.8 3,741.1 3,283.2 4,062.4 2,263.0 11,719.4 20,176.9 17.0 - 1,875.1 5,455.3 2,440.0 6,759.9 657.9 2,047.2 2,358.1 10,047.8
2018． Jan.-Mar. 19,932.2 4.9 - 1,541.2 4,128.0 354.3 3,321.6 3,053.9 3,698.7 2,301.7 10,761.3 20,087.3 7.5 - 1,701.2 5,985.5 2,631.7 6,286.9 711.9 2,095.7 2,372.0 9,646.9
2018． Apr.-June 20,199.1 7.5 - 1,568.4 4,159.7 362.6 3,480.2 2,968.4 3,724.5 2,310.4 11,088.9 19,443.3 7.5 - 1,850.8 5,435.6 2,334.1 6,080.2 584.1 2,179.6 2,302.7 9,215.5
2018． July-Sept. 20,159.4 2.9 - 1,554.7 4,055.6 375.9 3,634.0 2,935.9 3,787.1 2,219.1 11,264.1 P 20,711.7 12.4 - 1,781.2 6,288.2 2,891.6 6,375.3 619.5 2,244.0 2,452.7 9,632.9
2017． Aug. 6,278.5 18.1 1.1 476.2 1,235.5 130.9 1,148.8 890.0 1,183.4 671.8 3,510.6 6,181.7 15.5 -0.4 605.7 1,670.0 673.1 1,916.5 198.3 650.1 757.1 3,000.6
2017． Sept. 6,810.7 14.1 0.5 502.7 1,331.3 127.5 1,238.1 1,055.0 1,297.5 766.5 3,704.4 6,156.9 12.3 2.7 579.7 1,498.1 621.4 2,091.2 209.3 682.8 750.4 3,091.1
2017． Oct. 6,692.9 14.0 1.6 497.3 1,309.7 134.5 1,193.6 1,058.7 1,281.8 753.4 3,712.1 6,414.4 19.0 0.3 613.8 1,625.1 702.1 2,151.4 203.0 637.9 803.9 3,205.1
2017． Nov. 6,920.0 16.2 1.9 514.3 1,372.0 131.8 1,233.3 1,108.7 1,368.5 717.4 3,894.5 6,814.8 17.3 1.7 644.1 1,763.7 779.1 2,336.2 222.4 709.5 767.6 3,459.9
2017． Dec. 7,303.9 9.4 0.4 553.3 1,514.7 141.5 1,314.3 1,115.8 1,412.1 792.2 4,112.8 6,947.7 15.0 5.5 617.3 2,066.5 958.8 2,272.3 232.5 699.9 786.6 3,382.8
2018． Jan. 6,086.3 12.3 -1.3 485.4 1,190.7 114.6 1,030.3 865.0 1,066.6 717.4 3,351.0 7,034.5 7.8 -6.5 583.0 2,034.3 888.6 2,232.3 239.8 717.0 818.4 3,464.1
2018． Feb. 6,463.3 1.8 -0.7 489.6 1,308.7 112.7 1,052.2 1,092.4 1,276.2 780.9 3,376.1 6,463.4 16.6 7.9 558.0 1,946.7 840.3 1,949.6 225.4 645.6 734.1 3,150.8
2018． Mar. 7,382.7 2.1 -2.7 566.3 1,628.6 127.0 1,239.1 1,096.5 1,355.9 803.4 4,034.2 6,589.3 -0.5 -6.2 560.3 2,004.6 902.8 2,104.9 246.7 733.1 819.4 3,031.9
2018． Apr. 6,822.3 7.8 4.5 495.7 1,404.8 122.0 1,160.9 1,071.2 1,286.4 819.3 3,654.4 6,201.6 6.0 -0.8 603.7 1,769.2 793.0 1,897.2 195.9 671.2 716.4 2,941.3
2018． May 6,323.6 8.1 -0.7 525.6 1,307.9 117.7 1,094.0 862.9 1,145.9 697.2 3,550.4 6,906.9 14.1 10.3 644.7 1,965.3 836.8 2,160.5 199.9 806.1 821.3 3,206.7
2018． June 7,053.2 6.7 -0.4 547.1 1,447.0 122.9 1,225.3 1,034.4 1,292.2 793.9 3,884.2 6,334.8 2.6 -5.1 602.3 1,701.0 704.3 2,022.5 188.2 702.3 764.9 3,067.5
2018． July 6,747.9 3.9 0.8 526.5 1,367.2 129.5 1,214.7 993.7 1,250.6 767.0 3,775.2 6,982.9 14.7 3.3 615.8 2,026.3 926.7 2,168.3 211.4 749.3 889.8 3,243.7
2018． Aug. 6,692.0 6.6 0.5 536.6 1,355.9 127.1 1,213.5 937.0 1,245.8 719.2 3,751.2 7,140.8 15.5 1.7 616.1 2,296.8 1,063.8 2,124.6 215.0 790.4 806.8 3,217.5
2018． Sept. 6,719.4 -1.3 -2.5 491.7 1,332.4 119.3 1,205.7 1,005.2 1,290.7 732.9 3,737.7 P 6,588.1 7.0 -1.7 549.3 1,965.1 901.1 2,082.4 193.1 704.3 756.1 3,171.7
Released by Ministry of Finance
(※)　Including "Gold ore" and "Non-monetary gold" in and after January 1976. EU: 10 countries since 1981, 12 countries since 1986, 15 countries since 1995, 25 countries since 2004, and 27 countries since 2007.
〔Foreign Trade Statistics (Continued)〕〔Balance of Payments〕
Indexes of Trade Balance of Payments (IMF Basis Not-seasonally Adjusted) (※)
Unit Value Quantum Index Current Account
Terms Goods and Services Second-
Exports Imports Primary
Exports Imports Classification of Trade Balance ary
Trade ★ ★ Exports Imports Services Income
Income
2015 = 100 (※) ％ ★ ★
Billion
CY * 1970 52.7 48.4 － 17.5 15.1 18.1 20.7 Billion Yen ％％ Billion Yen
Yen
* 1975 77.8 98.8 － 28.2 2.2 22.3 -12.5 CY * 1970 －－－－－－－－－－
* 1980 89.1 147.9 － 43.7 17.2 27.7 -5.5 * 1975 －－－－－－－－－－
* 1985 89.4 131.1 － 62.1 4.4 30.2 0.3 * 1980 －－－－－－－－－－
* 1990 76.9 89.7 － 71.3 5.6 48.2 5.7 * 1985 －－－－－－－－－－
* 1995 71.3 60.7 117.5 77.0 3.8 66.3 12.4 * 1990 －－－－－－－－－－
* 2000 71.1 63.7 111.6 96.1 9.5 82.0 11.0 * 1995 －－－－－－－－－－
2002 73.4 65.7 111.7 93.9 7.9 82.0 2.0 * 2000 14,061.6 7,429.8 12,698.3 48,963.5 8.2 36,265.2 16.5 -5,268.5 7,691.4 -1,059.6
2003 73.2 64.5 113.5 98.5 4.9 87.8 7.1 2002 13,683.7 6,469.0 12,121.1 48,902.9 6.2 36,781.7 -1.1 -5,652.1 7,810.5 -595.8
2004 74.2 66.8 111.1 109.0 10.7 93.9 6.9 2003 16,125.4 8,355.3 12,463.1 51,329.2 5.0 38,866.0 5.7 -4,107.8 8,639.8 -869.7
2005 79.0 75.2 105.1 109.9 0.8 96.6 2.9 2004 19,694.1 10,196.1 14,423.5 57,703.6 12.4 43,280.1 11.4 -4,227.4 10,348.8 -850.9
2006 84.1 85.6 98.2 118.4 7.7 100.4 3.8 2005 18,727.7 7,693.0 11,771.2 63,009.4 9.2 51,238.2 18.4 -4,078.2 11,850.3 -815.7
2007 89.5 93.1 96.1 124.1 4.8 100.2 -0.2 2006 20,330.7 7,346.0 11,070.1 72,026.8 14.3 60,956.7 19.0 -3,724.1 14,227.7 -1,242.9
2008 87.7 101.1 86.7 122.2 -1.5 99.6 -0.6 2007 24,949.0 9,825.3 14,187.3 80,023.6 11.1 65,836.4 8.0 -4,362.0 16,481.8 -1,358.1
2009 79.9 77.0 103.8 89.7 -26.6 85.3 -14.4 2008 14,878.6 1,889.9 5,803.1 77,611.1 -3.0 71,808.1 9.1 -3,913.1 14,340.2 -1,351.5
2010 80.0 79.8 100.3 111.4 24.2 97.1 13.9 2009 13,592.5 2,124.9 5,387.6 51,121.6 -34.1 45,734.0 -36.3 -3,262.7 12,631.2 -1,163.5
2011 80.9 87.2 92.8 107.2 -3.8 99.6 2.6 2010 19,382.8 6,857.1 9,516.0 64,391.4 26.0 54,875.4 20.0 -2,658.8 13,617.3 -1,091.7
2012 82.7 88.4 93.6 102.0 -4.8 102.0 2.4 2011 10,401.3 -3,110.1 -330.2 62,965.3 -2.2 63,295.5 15.3 -2,779.9 14,621.0 -1,109.6
2013 91.8 101.3 90.6 100.5 -1.5 102.3 0.3 2012 4,764.0 -8,082.9 -4,271.9 61,956.8 -1.6 66,228.7 4.6 -3,811.0 13,991.4 -1,144.5
2014 95.7 106.5 89.9 101.1 0.6 102.9 0.6 2013 4,456.6 -12,252.1 -8,773.4 67,829.0 9.5 76,602.4 15.7 -3,478.6 17,697.8 -989.2
72
2015 100.0 100.0 100.0 100.0 -1.0 100.0 -2.8 2014 3,921.5 -13,498.8 -10,465.3 74,074.7 9.2 84,540.0 10.4 -3,033.5 19,414.8 -1,994.5
2016 92.2 85.3 108.1 100.5 0.5 98.8 -1.2 2015 16,519.4 -2,816.9 -886.2 75,274.2 1.6 76,160.4 -9.9 -1,930.7 21,303.2 -1,966.9
2017 97.8 93.4 104.7 105.9 5.4 102.9 4.2 2016 21,061.5 4,388.8 5,517.6 69,092.7 -8.2 63,575.1 -16.5 -1,128.8 18,818.3 -2,145.6
2017． Jan.-Mar. 98.1 94.0 104.4 102.5 5.6 101.4 2.5 2017 21,951.4 4,229.7 4,955.4 77,285.5 11.9 72,330.1 13.8 -725.7 19,837.4 -2,115.7
2017． Apr.-June 96.4 92.0 104.8 103.1 4.7 100.3 5.9 2017． Jan.-Mar. 6,020.8 1,111.2 1,086.4 19,077.3 9.9 17,990.8 8.7 24.8 5,531.8 -622.2
2017． July-Sept. 97.1 91.8 105.8 106.6 6.2 102.4 2.7 2017． Apr.-June 4,598.8 669.6 957.4 18,275.8 10.6 17,318.3 14.9 -287.8 4,333.2 -404.1
2017． Oct.-Dec. 99.5 95.9 103.8 111.2 4.8 107.3 5.5 2017． July-Sept. 7,006.1 1,493.6 1,758.8 19,292.5 15.2 17,533.6 14.9 -265.2 6,079.2 -566.7
2018． Jan.-Mar. 98.8 97.4 101.4 106.7 4.1 105.2 3.7 2017． Oct.-Dec. 4,325.7 955.2 1,152.7 20,640.0 11.9 19,487.3 16.7 -197.5 3,893.1 -522.7
2018． Apr.-June 98.2 97.6 100.6 108.9 5.6 101.7 1.4 2018． Jan.-Mar. 5,882.1 937.3 724.6 20,116.1 5.4 19,391.5 7.8 212.7 5,607.3 -662.5
2018． July-Sept. 101.1 P 101.2 P 99.9 105.5 -1.1 P 104.4 1.9 2018． Apr.-June 4,977.5 454.3 1,066.1 19,921.1 9.0 18,855.0 8.9 -611.8 4,945.3 -422.0
2017． Aug. 96.4 91.1 105.8 103.3 10.9 103.9 4.0 2018．P July-Sept. 5,669.8 -118.9 103.0 20,094.4 4.2 19,991.4 14.0 -222.0 6,338.5 -549.7
2017． Sept. 97.5 92.6 105.3 110.8 4.2 101.8 0.3 2017． Aug. 2,400.7 352.3 334.6 6,184.0 16.6 5,849.4 15.1 17.7 2,247.9 -199.5
2017． Oct. 98.6 94.9 103.9 107.7 4.1 103.5 5.5 2017． Sept. 2,258.3 801.2 858.3 6,734.3 14.4 5,876.0 12.5 -57.1 1,668.3 -211.2
2017． Nov. 100.2 95.5 104.9 109.6 5.7 109.2 4.0 2017． Oct. 2,188.5 406.4 428.6 6,579.7 14.2 6,151.1 18.4 -22.3 1,942.6 -160.5
2017． Dec. 99.9 97.2 102.8 116.1 4.6 109.4 7.0 2017． Nov. 1,340.7 218.0 199.1 6,789.6 14.2 6,590.4 17.5 18.9 1,330.2 -207.5
2018． Jan. 100.3 98.1 102.2 96.3 10.8 109.8 3.3 2017． Dec. 796.5 330.8 525.0 7,270.7 7.9 6,745.8 14.6 -194.1 620.3 -154.6
2018． Feb. 99.7 97.3 102.5 102.9 -0.8 101.6 13.8 2018． Jan. 592.4 -823.8 -660.7 6,234.9 12.7 6,895.6 8.0 -163.1 1,529.0 -112.9
2018． Mar. 96.7 96.8 99.9 121.2 3.6 104.2 -4.2 2018． Feb. 2,108.2 345.3 197.7 6,427.6 0.9 6,229.9 17.8 147.6 1,946.8 -183.9
2018． Apr. 97.0 95.5 101.6 111.7 7.2 99.4 2.1 2018． Mar. 3,181.6 1,415.8 1,187.6 7,453.7 3.8 6,266.1 -0.7 228.2 2,131.5 -365.7
2018． May 98.4 98.4 100.0 102.0 6.4 107.5 6.6 2018． Apr. 1,891.3 114.7 559.9 6,629.3 7.3 6,069.4 7.9 -445.2 1,941.5 -164.9
2018． June 99.1 98.9 100.2 112.9 3.2 98.1 -4.5 2018． May 1,887.3 -310.3 -316.5 6,314.0 10.4 6,630.5 13.8 6.3 2,396.5 -198.9
2018． July 100.4 101.2 99.2 106.7 0.9 105.6 4.0 2018． June 1,198.9 649.8 822.7 6,977.8 9.4 6,155.1 4.9 -172.9 607.3 -58.3
2018． Aug. 101.7 100.7 101.0 104.5 1.1 108.6 4.5 2018．P July 2,009.7 -175.4 -1.0 6,770.8 6.2 6,771.7 16.6 -174.4 2,354.9 -169.8
2018． Sept. 101.2 P 101.8 P 99.4 105.4 -4.9 P 99.0 -2.7 2018．P Aug. 1,838.4 -225.4 -219.3 6,652.6 7.6 6,871.9 17.5 -6.1 2,289.1 -225.3
Released by Ministry of Finance 2018．P Sept. 1,821.6 281.8 323.3 6,671.0 -0.9 6,347.7 8.0 -41.5 1,694.5 -154.6
(※)　Base year changed in August 2018. Released by Ministry of Finance

(※) 　Figures are based on the IMF Balance of Payments Manual 6th Edition.
〔Balance of Payments (Continued)〕
Balance of Payments (IMF Basis) Continued (※) Gold &
Foreign Foreign Exchange
Exchange
Financial Account Current Account (Seasonally Adjusted) Reserves
Rates
Net Errors
Capital Financial Goods and Services (※) Inter-Bank Rates
Direct Portfolio Other and Second-
Account Derivatives Reserve
Omissions
Trade Balance Primary Including U.S.Dollar Spot
Invest- Invest- Invest- ary
(other than Assets Exports Imports Services Income Gold Central rate
ment ment Reserves) ment Income Tranche
☆ ☆ High-Low Average
Billion Million
Billion Yen Billion Yen ％ Yen ％ Billion Yen Yen Per 1 Dollar
Dollar
CY * 1970 - - - - - - - - - - - - - - - - - - 4,399 －～－－
* 1975 - - - - - - - - - - - - - - - - - - 12,815 285.00 ～ 306.85 296.85
* 1980 - - - - - - - - - - - - - - - - - - 25,232 203.00 ～ 262.50 226.45
* 1985 - - - - - - - - - - - - - - - - - - 26,510 200.35 ～ 263.40 238.05
* 1990 - - - - - - - - - - - - - - - - - - 77,053 124.30 ～ 160.10 144.88
* 1995 - - - - - - - - - - - - - - - - - - 182,820 80.30 ～ 104.25 93.31
* 2000 -994.7 14,875.7 3,690.0 3,847.0 509.0 1,568.8 5,260.9 1,808.8 - - - - - - - - - - 361,638 102.50 ～ 114.90 107.78
2002 -421.7 13,396.8 2,433.1 13,148.6 -263.0 -7,718.9 5,796.9 134.8 - - - - - - - - - - 469,728 115.90 ～ 134.80 125.14
2003 -467.2 13,686.0 2,964.3 11,473.1 -607.4 -21,672.8 21,528.8 -1,972.2 - - - - - - - - - - 673,529 107.03 ～ 120.95 115.94
2004 -513.4 16,092.8 3,578.9 -2,340.3 -259.0 -2,154.2 17,267.5 -3,087.9 - - - - - - - - - - 844,543 102.20 ～ 114.40 108.17
2005 -549.0 16,344.4 5,170.3 1,070.0 802.3 6,845.6 2,456.2 -1,834.3 - - - - - - - - - - 846,897 102.15 ～ 121.35 110.13
2006 -553.3 16,049.4 7,019.1 -14,796.1 -283.5 20,390.3 3,719.6 -3,728.0 - - - - - - - - - - 895,320 109.65 ～ 119.75 116.31
2007 -473.1 26,377.5 6,020.3 -8,251.5 -324.9 24,636.2 4,297.4 1,901.6 - - - - - - - - - - 973,365 108.25 ～ 123.95 117.76
2008 -558.3 18,650.2 8,924.3 28,188.7 -2,456.2 -19,206.7 3,200.1 4,329.9 - - - - - - - - - - 1,030,647 87.50 ～ 110.30 103.39
2009 -465.3 15,629.2 5,729.4 19,948.5 -948.7 -11,626.6 2,526.5 2,501.9 - - - - - - - - - - 1,049,397 86.00 ～ 100.80 93.61
2010 -434.1 21,709.9 6,251.1 12,701.4 -1,026.2 -8.9 3,792.5 2,761.2 - - - - - - - - - - 1,096,185 80.56 ～ 94.40 87.75
2011 28.2 12,629.4 9,310.1 -13,524.5 -1,347.0 4,401.0 13,789.7 2,199.8 - - - - - - - - - - 1,295,841 75.86 ～ 85.30 79.76
2012 -80.4 4,192.5 9,359.1 2,443.5 590.3 -5,149.0 -3,051.5 -491.1 - - - - - - - - - - 1,268,125 76.14 ～ 86.55 79.79
2013 -743.6 -408.7 14,245.9 -26,565.2 5,551.6 2,508.5 3,850.4 -4,121.7 - - - - - - - - - - 1,266,815 87.45 ～ 105.30 97.71
2014 -208.9 6,278.2 12,587.7 -4,833.0 3,764.4 -6,130.6 889.8 2,565.6 - - - - - - - - - - 1,260,548 100.95 ～ 121.52 105.66
2015 -271.4 21,876.4 16,131.9 16,029.4 2,143.9 -13,053.9 625.1 5,628.3 - - - - - - - - - - 1,233,214 116.41 ～ 125.35 120.87
73
2016 -743.3 28,276.4 14,529.3 29,649.6 -1,658.2 -13,666.2 -578.0 7,958.3 - - - - - - - - - - 1,216,903 99.80 ～ 121.30 108.77
2017 -287.2 17,664.2 16,827.1 -5,968.0 3,456.1 697.2 2,651.8 -4,000.0 - - - - - - - - - - 1,264,283 108.30 ～ 117.93 112.13
2017． Jan.-Mar. -67.1 5,609.1 6,066.5 -4,145.1 1,195.6 1,325.6 1,166.4 -344.7 5,360.0 896.8 1,294.0 18,835.2 4.5 17,541.1 7.4 -397.3 4,925.9 -462.8 1,230,330 110.39 ～ 117.93 113.56
2017． Apr.-June -142.4 4,398.2 3,583.1 -1,235.6 -191.7 1,717.9 524.6 -58.2 4,993.6 661.8 819.0 18,686.1 -0.8 17,867.0 1.9 -157.2 4,825.3 -493.5 1,249,847 108.30 ～ 114.15 111.06
2017． July-Sept. -20.3 4,581.7 3,464.6 4,855.1 532.0 -5,223.0 953.1 -2,404.1 5,805.6 1,320.1 1,578.3 19,486.7 4.3 17,908.4 0.2 -258.2 5,081.5 -596.1 1,266,310 108.36 ～ 114.18 110.97
2017． Oct.-Dec. -57.4 3,075.3 3,713.0 -5,442.4 1,920.2 2,876.8 7.7 -1,193.0 5,894.8 1,386.7 1,290.6 20,145.7 3.4 18,855.1 5.3 96.1 5,113.6 -605.4 1,264,283 111.18 ～ 114.37 112.95
2018． Jan.-Mar. -87.5 7,562.2 3,616.7 8,339.3 -404.9 -4,774.4 785.6 1,767.6 4,683.7 513.5 729.9 19,946.5 -1.0 19,216.7 1.9 -216.4 4,677.9 -507.6 1,268,287 104.90 ～ 112.79 108.12
2018． Apr.-June -63.5 5,309.5 3,529.7 -1,761.6 192.8 2,496.0 852.5 395.5 5,515.2 505.1 967.2 20,379.7 2.2 19,412.4 1.0 -462.1 5,509.2 -499.2 1,258,748 105.89 ～ 111.04 109.07
2018． July-Sept. P -21.8 4,265.2 3,741.5 9,669.9 393.4 -10,790.5 1,250.9 -1,382.8 4,247.5 -193.0 32.5 20,420.2 0.2 20,387.7 5.0 -225.5 5,009.9 -569.4 1,259,673 109.92 ～ 113.47 111.41
2017． Sept. -4.4 1,840.2 1,647.4 -29.4 162.1 -554.9 614.9 -413.8 1,837.7 399.3 489.8 6,480.6 -0.9 5,990.8 0.5 -90.5 1,636.7 -198.3 1,266,310 108.36 ～ 112.89 110.68
2017． Oct. -17.1 -537.8 804.0 -2,157.0 513.3 334.5 -32.7 -2,709.2 2,296.1 728.6 535.2 6,649.0 2.6 6,113.7 2.1 193.4 1,746.7 -179.3 1,260,925 112.00 ～ 114.15 112.96
2017． Nov. -21.7 1,748.6 652.7 -1,956.2 589.9 2,599.5 -137.2 429.6 1,865.2 403.6 482.4 6,772.2 1.9 6,289.8 2.9 -78.8 1,660.5 -198.9 1,261,242 111.18 ～ 114.37 112.92
2017． Dec. -18.7 1,864.5 2,256.3 -1,329.2 816.9 -57.2 177.6 1,086.6 1,733.5 254.5 273.0 6,724.5 -0.7 6,451.6 2.6 -18.5 1,706.3 -227.3 1,264,283 112.36 ～ 113.63 112.97
2018． Jan. -26.0 1,250.2 1,934.3 4,979.5 200.2 -6,379.8 516.0 683.9 1,862.7 442.4 525.7 6,866.6 2.1 6,340.9 -1.7 -83.2 1,574.0 -153.8 1,268,535 108.78 ～ 112.79 110.77
2018． Feb. -12.3 1,706.3 880.0 -1,541.6 -408.4 2,394.2 382.0 -389.6 993.3 -284.5 -281.9 6,514.3 -5.1 6,796.2 7.2 -2.5 1,468.6 -190.8 1,261,749 105.70 ～ 109.95 107.82
2018． Mar. -49.1 4,605.7 802.4 4,901.4 -196.7 -788.9 -112.5 1,473.2 1,827.6 355.5 486.1 6,565.6 0.8 6,079.5 -10.5 -130.6 1,635.2 -163.1 1,268,287 104.90 ～ 106.70 106.00
2018． Apr. 4.5 1,370.7 1,348.2 -1,982.8 -201.7 2,319.1 -112.1 -525.1 1,938.1 570.4 654.4 6,860.3 4.5 6,205.8 2.1 -84.0 1,508.7 -141.1 1,256,018 105.89 ～ 109.37 107.43
2018． May -22.3 3,269.0 542.2 1,959.7 219.0 178.0 370.0 1,403.9 1,793.1 -148.1 65.6 6,752.7 -1.6 6,687.1 7.8 -213.7 2,101.0 -159.8 1,254,477 108.50 ～ 111.04 109.69
2018． June -45.7 669.8 1,639.3 -1,738.5 175.5 -1.2 594.6 -483.3 1,784.1 82.9 247.3 6,766.7 0.2 6,519.5 -2.5 -164.4 1,899.5 -198.3 1,258,748 109.05 ～ 110.70 110.03
2018． July P -14.3 -831.9 1,133.4 2,962.3 167.4 -5,277.3 182.3 -2,827.3 1,484.7 82.4 157.8 6,882.9 1.7 6,725.1 3.2 -75.3 1,607.0 -204.7 1,256,276 110.35 ～ 112.95 111.37
2018． Aug. P -0.8 1,912.8 1,354.5 -275.0 148.7 334.8 349.8 75.2 1,428.8 -59.1 34.2 6,907.5 0.4 6,873.4 2.2 -93.3 1,709.0 -221.1 1,259,305 109.92 ～ 111.83 111.06
2018． Sept. P -6.6 3,184.3 1,253.5 6,982.6 77.3 -5,848.0 718.8 1,369.3 1,334.0 -216.3 -159.4 6,629.8 -4.0 6,789.2 -1.2 -56.9 1,693.8 -143.6 1,259,673 110.50 ～ 113.47 111.89
2018． Oct. 1,252,873 111.86 ～ 114.40 112.78
Released by Ministry of Finance Bank of Japan ＃
(※) 　Figures are based on the IMF Balance of Payments Manual 6th Edition.
Gold & Foreign Exchange Reserves: Figures are end of year or month.
＃　 Figures are calculated by Policy Planning and Research Division , Minister's Secretariat, Ministry of Finance.
〔National Accounts〕
Gross National Income Gross Domestic Product (Expenditure) (※)　　　　●
●
Gross Domestic (※)　　　● Gross Private Capital Formation
Private Consumption Private Non-Resi. Inventment Change in Private Inventories Private Residential Investment
Product
(Expenditure) (※) □ □ ☆
Percen-
☆
Percen-
☆
Percen-
☆
Percen-
tage tage tage tage
distribu- distribu- distribu- distribu-
□ FY FY FY FY 10Billion □ tion
10Billion □ tion
10Billion □ tion
10Billion □ tion
Yen Yen Yen Yen

10 Billion Yen ％％％％％％
CY * 1970 －－－－－－－－－－－－－－－－－－－－－－－－－－
* 1975 －－－－－－－－－－－－－－－－－－－－－－－－－－
* 1980 24,283.9 28,437.5 －－－－－－－－ 13,224.7 －－ 54.5 3,886.9 －－ 16.0 166.8 －－ 0.7 1,534.1 －－ 6.3
* 1985 32,540.2 35,060.2 7.4 7.2 6.3 6.3 7.6 7.3 6.6 6.7 17,670.7 5.7 4.1 54.3 5,362.9 17.6 17.9 16.5 180.5 *** *** 0.6 1,459.1 3.4 2.8 4.5
* 1990 44,278.1 44,737.0 8.0 8.6 5.6 6.2 7.9 8.4 5.1 5.6 23,470.4 7.9 5.2 53.0 8,871.2 12.1 9.5 20.0 236.8 *** *** 0.5 2,461.7 7.9 4.1 5.6
* 1995 51,254.2 43,710.0 2.2 2.7 2.7 3.4 2.2 2.8 3.0 3.8 27,416.5 2.1 2.5 53.5 8,045.0 6.5 8.3 15.7 163.2 *** *** 0.3 2,519.4 -5.5 -4.8 4.9
1997 53,414.3 45,549.9 1.6 0.9 1.1 0.0 1.7 0.9 0.9 0.1 28,519.2 1.9 0.7 53.4 8,641.8 3.5 4.0 16.2 272.7 *** *** 0.5 2,531.3 -10.1 -11.6 4.7
1998 52,787.7 45,036.0 -1.2 -1.4 -1.1 -0.9 -1.2 -1.5 -1.0 -0.9 28,349.0 -0.6 -0.6 53.7 8,451.2 -2.2 -1.2 16.0 176.2 *** *** 0.3 2,149.4 -15.1 -13.4 4.1
1999 51,965.2 44,922.5 -1.6 -0.8 -0.3 0.7 -1.6 -0.6 -0.2 0.8 28,479.4 0.5 1.2 54.8 7,876.4 -6.8 -4.9 15.2 -358.4 *** *** -0.7 2,125.8 -1.1 0.1 4.1
2000 52,670.6 46,171.2 1.4 1.2 2.8 2.5 1.6 1.5 2.7 2.6 28,658.9 0.6 1.6 54.4 8,276.8 5.1 6.4 15.7 -42.0 *** *** -0.1 2,127.6 0.1 0.1 4.0
2001 52,300.5 46,358.8 -0.7 -1.8 0.4 -0.6 -0.6 -1.8 0.4 -0.7 28,893.3 0.8 1.9 55.2 8,061.7 -2.6 0.0 15.4 18.1 *** *** 0.0 2,011.2 -5.5 -4.4 3.8
2002 51,598.6 46,413.5 -1.3 -0.8 0.1 0.9 -1.4 -1.0 0.1 0.8 28,826.4 -0.2 1.2 55.9 7,413.2 -8.0 -5.8 14.4 -185.0 *** *** -0.4 1,925.0 -4.3 -3.1 3.7
2003 51,540.1 47,122.8 -0.1 0.6 1.5 2.0 0.0 0.9 1.5 2.2 28,715.0 -0.4 0.7 55.7 7,398.1 -0.2 2.4 14.4 -22.8 *** *** -0.0 1,897.5 -1.4 -1.3 3.7
2004 52,096.5 48,161.7 1.1 0.6 2.2 1.6 1.4 0.9 2.3 1.6 28,927.5 0.7 1.3 55.5 7,564.5 2.2 3.8 14.5 161.2 *** *** 0.3 1,938.2 2.1 1.7 3.7
2005 52,413.3 48,962.5 0.6 0.9 1.7 2.0 0.9 1.3 1.3 1.5 29,154.3 0.8 1.2 55.6 8,155.6 7.8 8.5 15.6 74.1 *** *** 0.1 1,936.6 -0.1 -0.5 3.7
2006 52,688.0 49,657.7 0.5 0.6 1.4 1.4 1.0 1.0 1.0 1.2 29,444.4 1.0 1.0 55.9 8,339.6 2.3 2.1 15.8 17.7 *** *** 0.0 1,980.9 2.3 0.7 3.8
2007 53,168.8 50,479.2 0.9 0.4 1.7 1.2 1.3 0.6 1.5 0.6 29,603.5 0.5 0.9 55.7 8,406.8 0.8 1.0 15.8 191.5 *** *** 0.4 1,828.0 -7.7 -9.5 3.4
2008 52,071.6 49,927.1 -2.1 -4.1 -1.1 -3.4 -2.4 -4.6 -2.9 -4.8 29,495.3 -0.4 -1.0 56.6 8,204.7 -2.4 -2.8 15.8 300.1 *** *** 0.6 1,749.2 -4.3 -6.6 3.4
2009 48,950.1 47,222.9 -6.0 -3.4 -5.4 -2.2 -6.2 -3.3 -4.2 -1.1 28,631.3 -2.9 -0.7 58.5 6,896.7 -15.9 -13.4 14.1 -508.1 *** *** -1.0 1,427.4 -18.4 -16.4 2.9
2010 50,035.4 49,202.3 2.2 1.5 4.2 3.2 2.4 1.6 3.7 2.7 28,895.6 0.9 2.4 57.8 6,759.4 -2.0 -0.9 13.5 -11.7 *** *** -0.0 1,363.7 -4.5 -3.7 2.7
74
2011 49,140.9 49,145.6 -1.8 -1.1 -0.1 0.5 -1.5 -1.0 -1.0 -0.6 28,625.5 -0.9 -0.4 58.3 6,940.7 2.7 4.0 14.1 94.6 *** *** 0.2 1,433.8 5.1 4.9 2.9
2012 49,495.7 49,880.3 0.7 0.1 1.5 0.8 0.6 0.1 1.2 0.9 29,024.2 1.4 2.0 58.6 7,196.9 3.7 4.1 14.5 111.3 *** *** 0.2 1,457.4 1.6 2.5 2.9
2013 50,317.6 50,878.1 1.7 2.6 2.0 2.6 2.3 3.2 2.5 3.0 29,667.3 2.2 2.4 59.0 7,494.5 4.1 3.7 14.9 -66.5 *** *** -0.1 1,610.2 10.5 8.0 3.2
2014 51,387.6 51,068.7 2.1 2.2 0.4 -0.3 2.4 2.5 0.5 0.3 30,008.3 1.1 -0.9 58.4 7,994.5 6.7 5.4 15.6 -33.2 *** *** -0.1 1,595.9 -0.9 -4.3 3.1
2015 53,198.6 51,760.1 3.5 3.0 1.4 1.4 3.8 3.1 3.1 3.0 30,121.1 0.4 -0.0 56.6 8,341.3 4.3 3.4 15.7 117.4 *** *** 0.2 1,592.6 -0.2 -1.0 3.0
2016 53,853.3 52,257.8 1.2 1.0 1.0 1.2 0.7 0.6 1.3 1.1 29,985.2 -0.5 0.1 55.7 8,318.1 -0.3 0.6 15.4 11.7 *** *** 0.0 1,671.0 4.9 5.7 3.1
P 2017 54,653.9 53,156.0 1.5 1.7 1.7 1.6 1.8 2.0 1.4 1.4 30,329.7 1.1 1.0 55.5 8,606.6 3.5 2.8 15.7 -29.1 *** *** -0.1 1,744.6 4.4 2.7 3.2
FY 2017 (#) 55,030.0 － 2.0 - 1.9 - 2.6 - 1.8 - 30,520.0 1.6 1.2 - 8,760.0 4.8 3.4 - -20.0 * 0.0 * 0.0 - 1,750.0 3.0 1.1 -
FY 2018 (#) 56,430.0 － 2.5 - 1.8 - 2.7 - 1.8 - 31,150.0 2.1 1.4 - 9,230.0 5.3 3.9 - 70.0 * 0.2 * 0.1 - 1,790.0 2.2 0.6 -
2015． Jan.-Mar. 52,991.0 51,785.5 2.4 - 1.4 - 1.8 - 1.8 - 30,065.7 0.4 0.6 56.7 8,364.5 3.5 3.3 15.8 32.7 *** *** 0.1 1,560.5 2.9 2.7 2.9
2015． Apr.-June 53,172.9 51,769.6 0.3 - -0.0 - 0.6 - 0.4 - 30,128.0 0.2 -0.1 56.7 8,275.3 -1.1 -1.4 15.6 271.5 *** *** 0.5 1,588.4 1.8 2.0 3.0
2015． July-Sept. 53,372.3 51,837.7 0.4 - 0.1 - 0.3 - 0.3 - 30,259.7 0.4 0.4 56.7 8,355.7 1.0 0.8 15.7 97.1 *** *** 0.2 1,614.3 1.6 1.5 3.0
2015． Oct.-Dec. 53,261.1 51,677.8 -0.2 - -0.3 - -0.1 - -0.0 - 30,021.8 -0.8 -0.7 56.4 8,360.9 0.1 0.4 15.7 70.2 *** *** 0.1 1,606.9 -0.5 -0.5 3.0
2016． Jan.-Mar. 53,787.0 52,065.4 1.0 - 0.8 - 0.6 - 1.0 - 29,974.1 -0.2 0.3 55.7 8,306.2 -0.7 -0.1 15.4 42.7 *** *** 0.1 1,617.2 0.6 1.4 3.0
2016． Apr.-June 53,797.1 52,197.4 0.0 - 0.3 - -0.2 - 0.1 - 29,903.1 -0.2 -0.2 55.6 8,294.5 -0.1 0.1 15.4 199.4 *** *** 0.4 1,650.9 2.1 2.6 3.1
2016． July-Sept. 53,855.9 52,346.3 0.1 - 0.3 - 0.0 - 0.1 - 29,996.3 0.3 0.4 55.7 8,258.4 -0.4 -0.3 15.3 -41.4 *** *** -0.1 1,694.7 2.7 2.5 3.1
2016． Oct.-Dec. 53,999.3 52,466.5 0.3 - 0.2 - 0.2 - -0.0 - 30,077.6 0.3 -0.0 55.7 8,405.7 1.8 1.6 15.6 -151.1 *** *** -0.3 1,716.9 1.3 0.4 3.2
2017． Jan.-Mar. 54,070.3 52,763.2 0.1 - 0.6 - 0.6 - 0.5 - 30,192.3 0.4 0.5 55.8 8,486.5 1.0 0.6 15.7 -153.6 *** *** -0.3 1,744.0 1.6 1.1 3.2
2017．P Apr.-June 54,429.9 53,016.2 0.7 - 0.5 - 0.6 - 0.5 - 30,411.1 0.7 0.8 55.9 8,530.3 0.5 0.2 15.7 -158.6 *** *** -0.3 1,774.2 1.7 1.6 3.3
2017．P July-Sept. 55,005.4 53,391.9 1.1 - 0.7 - 1.2 - 1.0 - 30,242.4 -0.6 -0.6 55.0 8,684.7 1.8 1.5 15.8 44.4 *** *** 0.1 1,754.7 -1.1 -1.8 3.2
2017．P Oct.-Dec. 55,129.5 53,498.7 0.2 - 0.2 - 0.2 - -0.1 - 30,462.3 0.7 0.3 55.3 8,734.9 0.6 0.7 15.8 154.5 *** *** 0.3 1,706.4 -2.7 -3.2 3.1
2018．P Jan.-Mar. 54,873.1 53,352.4 -0.5 - -0.3 - -0.7 - -0.8 - 30,458.0 -0.0 -0.2 55.5 8,807.8 0.8 0.7 16.1 0.4 *** *** 0.0 1,674.8 -1.9 -2.1 3.1
2018．P Apr.-June 55,175.1 53,753.0 0.6 - 0.8 - 0.8 - 0.9 - 30,500.0 0.1 0.7 55.3 9,135.2 3.7 3.1 16.6 61.8 *** *** 0.1 1,651.6 -1.4 -1.9 3.0
2018．P July-Sept. 55,025.5 53,594.5 -0.3 - -0.3 - -0.4 - -0.7 - 30,605.8 0.3 -0.1 55.6 9,163.3 0.3 -0.2 16.7 3.3 *** *** 0.0 1,664.2 0.8 0.6 3.0
Released by Cabinet Office
(※)　National Accounts: Figures are based on the System of National Accounts 2008 and Quarterly Estimates of GDP: July - September 2018. (the 1st preliminary)
(1980 ～1993: chain-linked, base year = 2000、1994～: chain-linked, base year = 2011)
（#）　FY2017, 2018: The government decided on January 22, 2018 the "Fiscal 2018 Economic Outlook and Basic Stance for Economic and Fiscal Management" at the Cabinet.
＊: Contribution to Change of Gross Domestic Expenditures by Component.
〔National Accounts (Continued), National Income, Savings ratio〕
Gross Domestic Product (Continued) (※） ●
National Income (＊)
Government Expenditures Exports of Goods and Services Less : Imports of Goods and Services
Government Consumption Capital Formation including Savings
Inventories Percen- Percen- ratio
☆ tage ☆ tage Per
Percen- Percen- Percen-
☆ ☆ ☆ distribu- distribu- Capita (＊)
tage tage tage
distribu- distribu- distribution tion
tion tion tion
□ □ □ □ □
10 Billion 10 Billion 10 Billion 10 Billion 10 Billion
Yen ％ Yen ％ Yen ％ Yen ％ Yen ％ 10 Billion Yen Thousand Yen ％
CY * 1970 －－－－－－－－－－－－－－－－－－－－－－－
* 1975 －－－－－－－－－－－－－－－－－－－－－－－
* 1980 5,693.4 －－ 23.4 3,430.4 －－ 14.1 2,263.0 －－ 9.3 3,281.7 －－ 13.5 3,503.6 －－ 14.4 19,675.0 1,685 17.7
* 1985 6,763.1 0.5 -3.5 20.8 4,537.1 4.4 1.4 13.9 2,225.9 -6.7 -15.7 6.8 4,617.7 2.8 5.3 14.2 3,513.7 -4.7 -2.7 10.8 25,633.8 2,121 16.2
* 1990 8,820.6 8.4 4.6 19.9 5,902.5 7.2 3.3 13.3 2,918.1 11.0 7.6 6.6 4,586.3 8.5 7.2 10.4 4,169.0 15.7 8.1 9.4 33,944.1 2,750 13.5
* 1995 12,462.2 2.5 2.3 24.3 7,873.6 4.5 3.9 15.4 4,588.6 -0.6 -0.5 9.0 4,598.4 1.8 4.2 9.0 3,950.5 10.9 12.9 7.7 37,443.9 2,985 11.8
1997 12,884.8 -0.7 -1.7 24.1 8,332.4 2.6 1.4 15.6 4,552.4 -6.1 -7.1 8.5 5,634.6 13.0 11.1 10.5 5,070.0 6.6 0.3 9.5 39,180.5 3,109 10.4
1998 12,702.9 -1.4 -0.8 24.1 8,427.1 1.1 1.2 16.0 4,275.8 -6.1 -4.9 8.1 5,555.6 -1.4 -2.4 10.5 4,596.5 -9.3 -6.7 8.7 38,188.6 3,022 11.8
1999 13,034.3 2.6 4.4 25.1 8,585.6 1.9 3.5 16.5 4,448.6 4.0 6.0 8.6 5,171.5 -6.9 1.9 10.0 4,363.6 -5.1 3.6 8.4 37,556.1 2,967 10.5
2000 12,896.5 -1.1 -0.7 24.5 8,876.1 3.4 3.9 16.9 4,020.5 -9.6 -9.3 7.6 5,596.0 8.2 12.7 10.6 4,843.2 11.0 9.3 9.2 38,333.7 3,022 8.8
2001 12,971.1 0.6 1.1 24.8 9,170.7 3.3 3.4 17.5 3,800.3 -5.5 -4.2 7.3 5,349.9 -4.4 -6.7 10.2 5,004.7 3.3 1.0 9.6 37,751.3 2,969 5.6
2002 12,922.1 -0.4 0.5 25.0 9,353.4 2.0 2.7 18.1 3,568.7 -6.1 -4.6 6.9 5,685.3 6.3 7.8 11.0 4,988.2 -0.3 0.7 9.7 37,338.1 2,931 4.8
2003 12,678.4 -1.9 -0.6 24.6 9,376.9 0.3 1.8 18.2 3,301.5 -7.5 -7.2 6.4 5,998.9 5.5 9.5 11.6 5,125.1 2.7 3.4 9.9 37,648.7 2,950 4.3
2004 12,451.9 -1.8 -1.5 23.9 9,431.0 0.6 1.2 18.1 3,020.9 -8.5 -8.9 5.8 6,758.0 12.7 14.3 13.0 5,704.7 11.3 8.1 11.0 38,239.8 2,994 3.4
2005 12,301.5 -1.2 -1.3 23.5 9,495.8 0.7 0.8 18.1 2,805.7 -7.1 -7.7 5.4 7,344.4 8.7 7.2 14.0 6,553.3 14.9 6.1 12.5 38,715.5 3,030 3.4
2006 12,160.4 -1.1 -1.1 23.1 9,459.0 -0.4 0.1 18.0 2,701.4 -3.7 -4.9 5.1 8,363.1 13.9 10.3 15.9 7,618.1 16.2 4.7 14.5 38,865.8 3,040 2.4
2007 12,132.8 -0.2 -0.3 22.8 9,541.5 0.9 1.2 17.9 2,591.3 -4.1 -5.3 4.9 9,301.0 11.2 8.7 17.5 8,294.6 8.9 2.2 15.6 39,364.2 3,076 2.4
2008 12,088.4 -0.4 -1.1 23.2 9,560.1 0.2 -0.1 18.4 2,528.4 -2.4 -4.9 4.9 9,073.0 -2.5 1.6 17.4 8,839.1 6.6 0.7 17.0 37,719.1 2,946 2.5
75
2009 12,233.2 1.2 3.0 25.0 9,611.2 0.5 2.0 19.6 2,622.0 3.7 6.6 5.4 6,129.0 -32.4 -23.4 12.5 5,859.3 -33.7 -15.7 12.0 34,888.9 2,725 4.2
2010 12,297.6 0.5 1.0 24.6 9,752.7 1.5 1.9 19.5 2,544.9 -2.9 -2.4 5.1 7,523.7 22.8 24.9 15.0 6,792.9 15.9 11.2 13.6 36,246.5 2,831 3.7
2011 12,313.2 0.1 0.3 25.1 9,920.5 1.7 1.9 20.2 2,392.7 -6.0 -6.0 4.9 7,334.3 -2.5 -0.2 14.9 7,601.1 11.9 5.8 15.5 35,636.5 2,787 4.0
2012 12,471.6 1.3 1.9 25.2 10,024.1 1.0 1.7 20.3 2,447.5 2.3 2.8 4.9 7,199.0 -1.8 -0.1 14.5 7,964.5 4.8 5.4 16.1 36,021.6 2,823 2.6
2013 12,777.9 2.5 2.5 25.4 10,146.9 1.2 1.5 20.2 2,631.0 7.5 6.5 5.2 8,008.2 11.2 0.8 15.9 9,174.0 15.2 3.3 18.2 37,117.5 2,913 0.2
2014 13,088.9 2.4 0.7 25.5 10,356.2 2.1 0.5 20.2 2,732.7 3.9 1.1 5.3 9,013.5 12.6 9.3 17.5 10,280.3 12.1 8.3 20.0 37,596.2 2,954 -0.7
2015 13,248.9 1.2 0.8 24.9 10,529.7 1.7 1.5 19.8 2,719.2 -0.5 -1.9 5.1 9,357.1 3.8 2.9 17.6 9,579.7 -6.8 0.8 18.0 38,919.2 3,062 0.4
2016 13,336.6 0.7 1.0 24.8 10,649.2 1.1 1.3 19.8 2,687.3 -1.2 -0.3 5.0 8,711.3 -6.9 1.7 16.2 8,180.6 -14.6 -1.6 15.2 39,152.0 3,084 2.2
P 2017 13,496.5 1.2 0.6 24.7 10,729.1 0.8 0.4 19.6 2,767.3 3.0 1.3 5.1 9,683.6 11.2 6.7 17.7 9,178.0 12.2 3.5 16.8
FY 2017 (#) 13,590.0 2.1 1.3 - 10,780.0 1.5 1.0 - 2,810.0 4.2 2.6 - 9,650.0 9.0 4.8 - 9,230.0 10.8 3.3 - 40,290.0 - -
FY 2018 (#) 13,730.0 1.0 0.4 - 10,910.0 1.2 0.8 - 2,820.0 0.1 -1.2 - 10,250.0 6.2 4.0 - 9,790.0 6.1 3.4 - 41,410.0 - -
2015． Jan.-Mar. 13,257.7 0.5 0.5 25.0 10,507.2 0.7 0.9 19.8 2,750.5 -0.3 -1.1 5.2 9,503.0 -0.6 0.9 17.9 9,793.0 -6.1 0.8 18.5 9,598.0 - -7.3
2015． Apr.-June 13,198.2 -0.4 -0.2 24.8 10,465.8 -0.4 -0.0 19.7 2,732.3 -0.7 -1.1 5.1 9,313.2 -2.0 -3.4 17.5 9,601.7 -2.0 -2.3 18.1 9,599.7 - 1.1
2015． July-Sept. 13,226.4 0.2 0.2 24.8 10,513.7 0.5 0.4 19.7 2,712.6 -0.7 -0.6 5.1 9,528.1 2.3 2.8 17.9 9,709.0 1.1 2.7 18.2 9,422.1 - -1.2
2015． Oct.-Dec. 13,315.3 0.7 0.5 25.0 10,635.5 1.2 0.9 20.0 2,679.7 -1.2 -0.9 5.0 9,085.5 -4.6 -0.9 17.1 9,199.3 -5.2 -0.7 17.3 10,299.3 - 7.8
2016． Jan.-Mar. 13,427.3 0.8 1.0 25.0 10,773.1 1.3 1.3 20.0 2,654.3 -1.0 -0.1 4.9 8,767.6 -3.5 0.3 16.3 8,348.3 -9.3 -1.5 15.5 9,709.4 - -4.5
2016． Apr.-June 13,291.7 -1.0 -0.5 24.7 10,581.8 -1.8 -1.2 19.7 2,709.9 2.1 2.4 5.0 8,512.6 -2.9 -0.7 15.8 8,055.1 -3.5 -1.0 15.0 9,684.7 - 2.6
2016． July-Sept. 13,350.0 0.4 0.4 24.8 10,631.8 0.5 0.5 19.7 2,718.2 0.3 0.2 5.0 8,547.7 0.4 2.7 15.9 7,949.8 -1.3 0.3 14.8 9,351.9 - 0.6
2016． Oct.-Dec. 13,298.9 -0.4 -0.6 24.6 10,622.3 -0.1 -0.2 19.7 2,676.6 -1.5 -2.4 5.0 8,992.4 5.2 2.7 16.7 8,341.0 4.9 0.9 15.4 10,406.1 - 9.1
2017． Jan.-Mar. 13,360.2 0.5 0.2 24.7 10,661.3 0.4 0.3 19.7 2,698.8 0.8 -0.1 5.0 9,495.1 5.6 1.7 17.6 9,054.1 8.5 1.4 16.7 9,729.0 - -5.4
2017．P Apr.-June 13,561.4 1.5 1.3 24.9 10,733.1 0.7 0.4 19.7 2,828.3 4.8 5.2 5.2 9,409.5 -0.9 -0.2 17.3 9,098.1 0.5 1.7 16.7
2017．P July-Sept. 13,541.0 -0.2 -0.4 24.6 10,753.0 0.2 0.1 19.5 2,788.1 -1.4 -2.1 5.1 9,766.4 3.8 2.7 17.8 9,028.2 -0.8 -1.0 16.4
2017．P Oct.-Dec. 13,540.9 -0.0 -0.1 24.6 10,765.6 0.1 0.0 19.5 2,775.3 -0.5 -0.8 5.0 10,049.9 2.9 2.1 18.2 9,519.4 5.4 3.1 17.3
2018．P Jan.-Mar. 13,546.1 0.0 -0.1 24.7 10,773.1 0.1 0.0 19.6 2,773.0 -0.1 -0.6 5.1 10,047.8 -0.0 0.5 18.3 9,661.8 1.5 0.1 17.6
2018．P Apr.-June 13,563.8 0.1 0.1 24.6 10,788.0 0.1 0.2 19.6 2,775.8 0.1 -0.3 5.0 10,108.2 0.6 0.3 18.3 9,845.4 1.9 1.0 17.8
2018．P July-Sept. 13,548.7 -0.1 -0.2 24.6 10,813.5 0.2 0.2 19.7 2,735.2 -1.5 -1.9 5.0 10,031.9 -0.8 -1.8 18.2 9,991.9 1.5 -1.4 18.2
Released by Cabinet Office
(※)　National Accounts: Figures are based on the System of National Accounts 2008 and Quarterly Estimates of GDP: July - September 2018. (the 1st preliminary)
(1980～1993: chain-linked, base year = 2000、1994～: chain-linked, base year = 2011)
(＃)　FY2017, 2018: The government decided on January 22, 2018 the "Fiscal 2018 Economic Outlook and Basic Stance for Economic and Fiscal Management" at the Cabinet.
(＊)　National Income, Savings ratio: Base year for figures is 2011. (1980～1993: Base year for figures is 2000.)
〔Enterprises Profits〕
Financial Statements
Statistics of Corporations TANKAN (All Industries.) (※1)
(All Industries.) (※2)
Ordinary Investment Large Current Large Ratio of

Sales Profits and in plant and Sales Enterprises Enterprises Current Large
Losses equipment Profit Enterprises
(Manufactur (Manufactur
Profit to
ing) ing) (Manufactur
Sales ing)
★ ★ ★ ★ ★
％％
FY 1985 6.9 4.2 12.8 2.3 0.3 -5.7 -14.4 2.68 4.04
1990 9.2 -2.0 14.1 6.7 9.6 1.1 -1.9 3.41 5.15
1995 3.2 20.2 3.9 1.4 2.6 19.1 27.9 2.67 3.81
2000 3.7 33.2 8.6 2.8 4.9 18.0 32.3 2.87 4.61
2005 6.2 15.6 -3.9 4.8 6.7 12.3 16.5 4.01 6.48
2012 -0.5 7.0 4.0 0.6 -0.4 7.2 12.4 3.65 4.64
2013 2.5 23.1 6.6 5.5 7.1 28.4 48.7 4.44 6.45
2014 2.7 8.3 7.8 0.6 1.3 5.9 11.5 4.63 7.38
2015 -1.1 5.6 7.1 -1.3 -2.3 4.8 -5.3 4.91 7.15
2016 1.7 9.9 0.7 -1.5 -2.9 4.4 -0.5 5.21 7.33
2017 6.1 11.4 5.8 4.4 5.6 12.0 20.8 5.83 8.52
76
2018 [2.4] [0.2] [10.3] * 2.1 * 2.8 * -3.6 * -6.9 * 5.50 * 7.72
2014． Oct.-Dec. 2.4 11.6 2.8

2014・2H -0.9 0.5 7.3 20.2 4.68 7.53
2015． Jan.-Mar. -0.5 0.4 7.3
2015． Apr.-June 1.1 23.8 5.6
2015・1H 0.0 0.1 16.0 14.5 5.30 8.26
2015． July-Sept. 0.1 9.0 11.2
2015． Oct.-Dec. -2.7 -1.7 8.5
2015・2H -2.5 -4.5 -5.4 -23.0 4.54 6.07
2016． Jan.-Mar. -3.3 -9.3 4.2
2016． Apr.-June -3.5 -10.0 3.1
2016・1H -3.7 -6.1 -8.1 -25.8 5.06 6.52
2016． July-Sept. -1.5 11.5 -1.3
2016． Oct.-Dec. 2.0 16.9 3.8
2016・2H 0.7 0.2 18.4 33.1 5.34 8.06
2017． Jan.-Mar. 5.6 26.6 4.5
2017． Apr.-June 6.7 22.6 1.5
2017・1H 4.5 5.9 23.6 52.5 6.22 9.61
2017． July-Sept. 4.8 5.5 4.2
2017． Oct.-Dec. 5.9 0.9 4.3
2017・2H 4.3 5.4 2.0 -2.8 5.46 7.52
2018． Jan.-Mar. 3.2 0.2 3.4
2018． Apr.-June 5.1 17.9 12.8
2018・1H * 2.8 * 3.3 * -6.1 * -11.7 * 5.68 * 8.22
2018． July-Sept. [2.8] [-1.3] [14.4]
2018． Oct.-Dec.
2018・2H [2.1] [1.6] [7.1] * 1.4 * 2.3 * -0.9 * -1.3 * 5.34 * 7.25
2019． Jan.-Mar.
Released by Ministry of Finance Bank of Japan
(※1) 'TANKAN' (All Industries.) : * The figures are forecasted in the survey in September, 2018．
(※2) Financial Statements Statistics of Corporations (All Industries.) :
The figures do not include Finance and Insurance, and include pure holding company that has
financial institutions in subsidiary company since April - June, 2008.
Since fiscal year 2009, figures include Japan Post Holdings, Japan Post Service and Japan Post Network
The figures of investment in plant and equipment include investment in software since fiscal year 2002.
The figures in [ ] are forecast of half year / fiscal year of "Business Outlook Survey ",excluding Finance
and Insurance.
FINANCIAL STATISTICS OF JAPAN 2018
Published by Information Service Department
Policy Research Institute
Ministry of Finance
3－1－1 Kasumigaseki, Chiyoda-ku, Tokyo
100－8940 JAPAN
URL https://www.mof.go.jp/english/pri/publication/financial_statistics_of_japan/2018.htm
Printed in Japan

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ISSN 0289－1522

POLICY RESEARCH INSTITUTE

POLICY RESEARCH INSTITUTE

1-2 Net Total of General Account, Special Accounts, Budgets of

Government-Affiliated Agencies and Local Government Finance Plan·························· 3

1-3 Historical Trends of General Account ······································································ 4

1-4 General Account Budget Revenues ········································································· 4

1-5 Tax Receipt Estimates ·························································································· 5

1-6 General Account Budget Expenditures

(1) by Major Program ······························································································ 6

(2) by Purpose ······································································································· 6

(3) by Agency ········································································································· 6

1-7 Special Account Budgets ······················································································· 7

1-8 Budgets of Government-Affiliated Agencies ····························································· 8

1-9 Fiscal Investment and Loan Program (FILP) Plan ···················································· 9

1-10 Sources of Funds in the FILP ················································································ 11

1-11 FILP Classified by Function ·················································································· 11

1-12 Local Government Finance Plan ············································································ 12

(1) Percentage of National Income ············································································ 14

(2) Per Capita ········································································································ 14

2-3 National Tax Receipts ·························································································· 16

2-4 Statistics of Taxation about Self-assessed Income Tax ··············································· 18

2-5 Statistics of Taxation about Withholding Income Tax

(1) Amount of Withholding Income Tax······································································ 19

(2) Number of Withholding agents ············································································ 19

2-6 Statistics of Taxation about Corporation Tax (FY 2016)

(1) Taxation for current accounting period·································································· 20

(2) Number of corporations by income range ······························································· 21

(1) Amount of Inheritance Tax ················································································· 22

2-8 Statistics of Taxation about Consumption Tax (FY 2016)

(1) Amount of Consumption Tax ··············································································· 23

(2) Number of notifications of taxable business enterprises, etc. ···································· 23

2-9 Local Tax Receipts ······························································································· 24

(1) Exports ············································································································ 28

(2) Imports ············································································································ 29

3-2 Value of Exports and Imports by Principal Commodity ·············································· 30

3-3 Foreign Trade Indexes (Based on yen)

(1) Summary Indexes ······························································································ 31

(2) Quantum Indexes ······························································································ 31

(3) Unit Indexes ····································································································· 31

3-4 Value of Exports and Imports, Country by Commodity (2017)

(1) Exports ············································································································ 32

(2) Imports ············································································································ 33

4-2 Central Government Debt

(1) Outstanding Government Bonds and Borrowings ··················································· 38

(2) Outstandings Government Guaranteed Debts ························································ 38

(1) Summary Table ································································································· 40

(2) Breakdown by Region (CY 2017) ·········································································· 41

5-2 Direct Investment Assets/Liabilities

(1) Summary Table ································································································· 42

(2) Country Breakdown (CY 2017) ············································································ 42

(3) Breakdown by Region and Industry (CY 2017) ······················································· 43

(1) Recently Data ··································································································· 44

(2) Historical Data·································································································· 46

5-4 International Transaction in Securities ··································································· 47

5-5 Official Reserve Assets ························································································· 48

6. FINANCIAL STATEMENTS STATISTICS OF CORPORATIONS BY INDUSTRY

6-2 Ordinary profits ·································································································· 51

6-3 Raito of ordinary profits to sales············································································· 52

6-4 Investment in plant and equipment ········································································ 53

(1) All Industries ···································································································· 54

(2) Manufacturing ·································································································· 54

(3) Non-manufacturing ··························································································· 54

International Tourist Tax －－－ 60 60