Boxes in the Outlook for Economic Activity and Prices (Outlook Report)
The Bank releases the Outlook for Economic Activity and Prices (Outlook Report) quarterly (usually in January, April, July, and October). The boxes in the report present analyses of important topical issues. The following is a list of boxes published in previous reports (from 2016 onward).
2026
| Date | Outlook Report | Title |
|---|---|---|
| Aug. 3, 2026 | July 2026 [PDF 1,330KB] | (Box 1) Developments in Raw Materials Imports in Response to the Situation in the Middle East [pp. 53-55] |
| (Box 2) Impact of Increased Global AI-Related Demand on Japan's Economy [pp. 56-59] | ||
| (Box 3) Background to and Impact of Upward Pressure on Prices in Business-to-Business Transactions [pp. 60-65] | ||
| (Box 4) Effects of Policy Interest Rate Hikes on Households [pp. 66-68] | ||
| Apr. 30, 2026 | April 2026 [PDF 1,407KB] | (Box 1) Assumptions for Crude Oil Prices in the Baseline Scenario and the Impact of Worsening Terms of Trade on Japan's Economy [pp. 54-58] |
| (Box 2) Impact of a Surge in Crude Oil Prices on Japan's Prices [pp. 59-64] | ||
| (Box 3) Risk Scenario Analysis regarding the Impact of the Situation in the Middle East [pp. 65-67] | ||
| (Box 4) Impact of Increased AI-Related Demand on Japan's Exports [pp. 68-70] | ||
| Jan. 26, 2026 | January 2026 [PDF 1,117KB] | (Box 1) Impact of Tariff Policies on the U.S. Economy, and Robust Global AI-Related Demand [pp. 46-50] |
| (Box 2) Tightness in Labor Market Conditions and Differences between Industries [pp. 51-53] | ||
| (Box 3) Pass-Through of Import Price Increases to Domestic Prices [pp. 54-58] |
2025
| Date | Outlook Report | Title |
|---|---|---|
| Oct. 31, 2025 | October 2025 [PDF 1,341KB] | (Box 1) Impact of U.S. Tariff Policies and Outlook for Exports [pp. 48-52] |
| (Box 2) Background to Resilient Business Fixed Investment [pp. 53-55] | ||
| (Box 3) Increase in Food Prices and Its Impact on Private Consumption [pp. 56-59] | ||
| (Box 4) Impact of Wage Increases on Prices [pp. 60-63] | ||
| Aug. 1, 2025 | July 2025 [PDF 1,749KB] | (Box 1) Situation surrounding Trade Policies and Their Impact: An Update [pp. 46-49] |
| (Box 2) Policy Uncertainties and Business Fixed Investment [pp. 50-52] | ||
| (Box 3) Background and Impact of the Recent Rise in Food Prices [pp. 53-57] | ||
| May 2, 2025 | April 2025 [PDF 1,839KB] | (Box 1) Situation surrounding Trade Policies and Its Impact [pp. 48-52] |
| (Box 2) Productivity Trends in Japan [pp. 53-56] | ||
| (Box 3) Labor Market Conditions and Labor Mobility across Firms [pp. 57-59] | ||
| (Box 4) Recent Developments in Wage Increases and Price-Setting Behavior [pp. 60-62] | ||
| Jan. 27, 2025 | January 2025 [PDF 1,945KB] | (Box 1) Recent Developments in Services Balance [pp. 46-48] |
| (Box 2) Labor Supply Constraints and the Substitutability between Capital and Labor [pp. 49-51] | ||
| (Box 3) Labor Supply Constraints and Corporate Investment Activity [pp. 52-53] | ||
| (Box 4) Labor Market Conditions and Wages [pp. 54-56] | ||
| (Box 5) Trend in Services Prices [pp. 57-59] |