Japan Autos Report - Business Monitor International - Industry Reports

Japan Autos Report

Japan Autos Report - Business Monitor International - Industry Reports
Japan Autos Report
Published Aug 13, 2016
36 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Japanese Prime Minister Shinzo Abe announced on June - ---- that he would delay the planned two percentage point increase in the country s sales tax by two and a half years from April ---- to ---- over concerns it could damage domestic demand and derail economic growth. The rise in the sales tax from -.- to --.- was initially meant to take place in October ----, but was then moved to April ---- and has now been pushed back even further to October ----. ...The rise in the sales tax from -.- to --.- was initially meant to take place in October ----, but was then moved to April ---- and has now been pushed back even further to October ----. This delay in the sales tax increase will remove the surge in demand for new passenger car purchases by households and businesses that we had previously anticipated ahead of the hike in April ----. As a result, we have revised down our passenger vehicle sales growth forecast to a contraction of -.- in ---- - down from a previously forecasted expansion of -.- . ...As a result, we have revised down our passenger vehicle sales growth forecast to a contraction of -.- in ---- - down from a previously forecasted expansion of -.- . Furthermore, we now only expect a recovery in the passenger vehicle market in ---- as consumers and businesses make their new car purchases ahead of the newly proposed sales tax increase date.

...BMI View: Weak economic activity and the delay in the implementation of the sales tax will drag on passenger car sales while a slowing construction industry and weak fixed investment will weigh down demand for commercial vehicles. Given this, we forecast a -.- contraction in total vehicle sales in ----. ...Given this, we forecast a -.- contraction in total vehicle sales in ----. Passenger Car and Commercial Vehicle Sales (---------) Passenger car sales, units (LHS) Commercial vehicle sales, units (LHS) Vehicle sales, units, y-o-y (RHS) ---- ---- ----f ----f ----f ----f ----f - -,---,--- -,---,--- -,---,--- --- -- - - f = BMI forecast. Source: BMI, JAMA Key Views Vehicle sales will contract -.- in ----. ...An ageing and shrinking population will pose a threat to passenger car sales. Commercial vehicle sales growth will be constrained by a sluggish growth in the construction sector and weak fixed investment.

...Economic growth in Japan remains sluggish despite low unemployment, a negative interest rate environment and other government stimulus measures. According to our Country Risk team, the delay in the sales tax hike will fail to support economic growth, which we forecast to grow a meagre -.- in ---- and -.- in ----. ...

  
Source:
Document ID
1748-9997
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Japan Autos Report" Aug 13, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Japan-Autos-Report-2026-11>
  
APA:
Business Monitor International - Industry Reports. (2016). Japan Autos Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Japan-Autos-Report-2026-11>
  
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