Recent Statistical Survey Reports, September 2023

Statistical Survey Reports

Family Income and Expenditure Survey (July)

September 5, released by the Ministry of Internal Affairs and Communications

The average monthly income for a worker’s households with 2 or more family members was down 6.6% in real terms from the previous year. The change over the year of wages & salaries was down 6.6% in real terms from the previous year (household heads: -6.0% in real terms, spouse of household: -6.6% in real terms).

The average of consumption expenditures for a worker’s household with 2 or more family members was down 7.2% in real terms from the previous year.

Survey on Public Assistance Recipients (June)

September 6, released by the Ministry of Health, Labour and Welfare

The number of welfare recipients in June was 2,020,563 and the number of households of welfare recipients was 1,649,300.

Indexes of Business Conditions July 2023(Preliminary Release)

September 7, released by the Cabinet Office

The Coincident Index of Composite Index (CI, revised figures, 2020=100) in July was 114.5 decreased by 1.1 point from the previous month. And 3 months backward moving average increased by 0.33 point, and 7 months backward moving average increased by 0.16 point. So the Assessment of Coincident Index was "Improving" (The same as previous month)

The Leading Index was 107.6, a decrease of 1.2 point, and the Lagging Index was 106.1, a decrease of 0.5 point.

September 27 Indexes of Business Conditions July 2023 (Revision of the Preliminary Release)

National Accounts (The 2nd Preliminary Estimates Apr.-Jun.2023)

September 8, released by the Cabinet Office

Real GDP (Gross Domestic Product) growth rate (Seasonally Adjusted) at Apr.-Jun.2023 was 1.2% (4.8% on annual basis). Of real GDP growth rate, -0.6% was contributed by domestic demand and 1.8% by external demand.

Compensation of Employees (real) was 0.6% and compensation of Employees (nominal) was 1.1% (changes from the previous quarter (seasonally adjusted)).

Quartely Estimates of GDP: Apr. ~Jun. 2023 (The 2nd Preliminary Estimates) Growth rate of GDP from the previous Quarters(seasonally adjusted) Contributions of Domestic Demand and External Demand to Changes in GDP

Conditions Relating to Result of Summer Bonus Negotiation (major private enterprises) (2023)

September 8, released by the Ministry of Health, Labour and Welfare

The amount of agreed summer bonus was 845,557 yen, increased by 13,217 yen (1.59%) from a year earlier.

(*)The survey targeted 351 major private enterprises with the capital one billion yen or more, with 1,000 or more employees and the labour union, that could be grasped their results of negotiations.

Monthly Labour Survey (Provisional Report in July)

September 8, released by the Ministry of Health, Labour and Welfare

Total amount of cash earnings increased by 1.3% and contractual cash earnings increased by 1.5% (full-time employees 1.9%, part-time employees 2.2%) from a year earlier. Special cash earnings increased by 0.6% from a year earlier. Scheduled cash earnings increased by 1.6% and non-scheduled cash earnings increased by 0.5% from a year earlier. Real wage (total cash earnings) decreased by 2.5% from a year earlier and real wage (contractual cash earnings) decreased by 2.3% from a year earlier.

Total hours decreased by 0.8%, scheduled hours worked decreased by 0.6% and non-scheduled hours worked decreased by 2.0% from a year earlier.

Non-scheduled hours worked by manufacturing industry workers decreased by 2.1% from the previous month (seasonally adjusted).

September 26 Monthly Labour Survey (Final Report in July)

Indices of Industrial Production (Revised Report for July 2023)

September 14, released by the Ministry of Economy, Trade and Industry

The index of industrial production (seasonally adjusted, 2020=100) was 103.8 decreased by 1.8% from the previous month.

Consumer Price Index Japan (August)

September 22, released by the Ministry of Internal Affairs and Communications

The consumer price index for Japan in August 2023 was 105.9(2020=100), up 3.2% over the year. All items, less fresh food, the comprehensive index was 105.7, up 3.1% from the previous year. All items, less fresh food and energy, the comprehensive index was 105.2, up 4.3% from the previous year.

Survey on Labor Economic Trend (August 2023)

September 22, released by the Ministry of Health, Labour and Welfare

By the judgment of employment surplus or shortage DI as of August 1, 2023, regarding the trend of the sense of employment surplus or shortage, in the total of industries surveyed, regular staff, etc. accounted for 45 and the DI shows shortage for 49 consecutive terms. And, that of part-time workers accounted for 30 and the DI shows shortage for 56 consecutive terms.

Survey on Supply and Demand of Construction Labor

September 25, released by the Ministry of Land, Infrastructure, Transport and Tourism

Monthly Labour Survey (Final Report in July)

September 26, released by the Ministry of Health, Labour and Welfare

Total amount of cash earnings increased by 1.1% and contractual cash earnings increased by 1.3% (full-time employees 2.0%, part-time employees 2.0%) from a year earlier.

Special cash earnings increased by 0.6% from a year earlier. Scheduled cash earnings increased by 1.4% and non-scheduled cash earnings unchanged from a year earlier. Real wage (total cash earnings) decreased by 2.7% from a year earlier and real wage (contractual cash earnings) decreased by 2.5% from a year earlier.

Total hours decreased by 1.0%, scheduled hours worked decreased by 0.9% and non-scheduled hours worked decreased 2.0% from a year earlier.

Non-scheduled hours worked by manufacturing industry workers decreased by 2.8% from the previous month (seasonally adjusted).

Indexes of Business Conditions July 2023(Revision of the Preliminary Release)

September 27, released by the Cabinet Office

The Coincident Index of Composite Index (CI, revised figures, 2020=100) in July was 114.2, a decrease of 1.4 point. And 3 months backward moving average decreased by 0.77 point, and 7 months backward moving average increased by 0.11 point. So the Assessment of Coincident Index was "Improving" (The same as the Preliminary Release)

The Leading Index was 108.2, a decrease of 0.6 point and the Lagging Index was 105.7, a decrease of 0.8 point.

Consumer Price Index Ku-area of Tokyo (September) (preliminary)

September 29, released by the Ministry of Internal Affairs and Communications

The consumer price index for Ku-area of Tokyo in September 2023 (preliminary) was 105.8(2020=100), up 2.8% from the previous year. All items, less fresh food, the comprehensive index was 105.2, up 2.5% from the previous year. All items, less fresh food and energy, the comprehensive index was 105.3, up 3.8% from the previous year.

Labour Force Survey (August)

September 29, released by the Ministry of Internal Affairs and Communications

The unemployment rate (seasonally adjusted) was 2.7%, unchanged from the previous month. That for men was 2.9%, increased by 0.2 point from the previous month and that for women was 2.4%, decreased by 0.2 point from the previous month.

The number of unemployed persons (seasonally adjusted) was 1.85 million, increased by 10 thousand from the previous month.

The number of employees was 60.88 million, increased by 440 thousand from the previous year.

Among them, the number of regular employee was 36.37 million, increased by 480 thousand from the previous year and the number of non-regular employee was 21.14 million, decreased by 70 thousand from the previous year.

Employment Referrals for General Workers (August)

September 29, released by the Ministry of Health, Labour and Welfare

Active job openings-to-applicants ratio (seasonally adjusted) was 1.29, unchanged from the previous month.

The number of monthly active job openings (person(s)) (seasonally adjusted) increased by 0.1% from the previous month and the number of monthly active applications (person(s)) (seasonally adjusted) was decreased by 0.2% from the previous month.

New job openings-to-applicants ratio (seasonally adjusted) was 2.33, increased by 0.06 point from the previous month.

Active job openings-to-applicants ratio for regular staff (seasonally adjusted) was1.02, unchanged from the previous month.

Trend in Unemployment Rate and Ratio of Active Job
Openings to Applicants (seasonally adjusted)

Indices of Industrial Production (Preliminary Report for August 2023)

September 29, released by the Ministry of Economy, Trade and Industry

The index of industrial production (seasonally adjusted, 2020=100) was 103.8, flat from the previous month. According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in September and October.

Other Reports

Monthly Economic Report (September)

September 26 released by the Cabinet Office

The Japanese economy is recovering at a moderate pace. (The same as the previous month)

Private consumption is picking up. (The same as the previous month)
Business investment is picking up. (The same as the previous month)
Exports show movements of picking up recently. (The same as the previous month)
Industrial production shows signs of picking up. (The same as the previous month)
Corporate profits are improving as a whole. Firms' judgments on current business conditions are picking up. (In the previous month, “Corporate profits are improving moderately as a whole. Firms' judgments on current business conditions are picking up.”)
The employment situation shows movements of improvement. (The same as the previous month)
Consumer prices are rising. (The same as the previous month)

White Paper on the Labour Economy 2023