- May 22, 2017
- May 16, 2017
- May 12, 2017
The "output gap" -- which serves as an indicator for the level of economic activity, and, consequently, for the pressure for price change -- and the "potential growth rate" -- which reflects the growth capacity of Japan's economy from a longer-term perspective -- are useful concepts for judging economic and price conditions. It should be noted, however, that as these cannot be observed as objective data, they have to be estimated by some means.
The Bank of Japan's Research and Statistics Department prepares these data on a regular basis for assessing the state of Japan's economic activity and prices, and it also releases the estimation results on the Bank's website on a quarterly basis. These estimates are, in principle, released on the third business day in January, April, July, and October.
For estimation methods, see Box 1 of the April 2017 issue of the Bank's "Outlook for Economic Activity and Prices." Further details will soon be available in the following paper:
Kawamoto et al. "Methodology for Estimating Output Gap and Potential Growth Rate: An Update," Bank of Japan Research Paper, forthcoming.
Please keep in mind that the data need to be viewed with some latitude as the output gap and potential growth rate estimates may differ considerably depending on the estimation methods and also as they are subject to estimation errors.
|Apr. 28, 2017||Data||[XLSX 30KB]|
|Apr. 28, 2017||Chart||[PDF 77KB]|
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