Restrained Growth For Japan

July 2006 | Industry Forecast

Full-year sales for 2005 showed a return to health for the Japanese market, with domestic sales up by 0.54%. This was in line with our forecast for constrained sales based on an anticipated slowdown in economic growth. However, this is reason to be optimistic going into 2006. The rate of GDP expansion fell from 4.3% (y-o-y) in Oct-Dec 2005 to 1.9% in Jan-Mar 2006, but because of the unusually high figure for Q405, many analysts had in fact been expecting a sharper slowdown in Q106.

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