Construction in Japan – Key Trends and Opportunities to 2018

Date: 2015-09
Pages:82
Price:

The Japanese construction industry recorded a compound annual growth rate (CAGR) of 0.14% during the review period (2009–2013). The country’s economy contracted following an earthquake, subsequent tsunami and nuclear disaster in 2011. In a bid to reconstruct and revitalize the economy during the review period, the government introduced economic reforms, such as an increase in subsidies and tax breaks for companies that invest in factories. The construction industry outlook is favorable, as a result of the government’s focus on reconstruction activities. According to the Ministry of Economy, Trade and Industry (MEIT), indices of construction activity increased from 87.5 in the fourth quarter of 2012 to 99.4 in the fourth quarter of 2013, registering growth of 13.6%. The construction industry’s output is expected to increase at a CAGR of 3.19% over the forecast period (2013–2018).

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