日本建筑行业市场前景及投资研究报告-培训课件外文版2024.4

INDUSTRIES

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MARKETSConstructionindustryinJapanCHAPTER

01OverviewShareofthenominalgrossvalueadded(GVA)bytheconstructionsectorinJapanfrom2013to2022ContributionofconstructiontothenominalGDPinJapan2013-20225.8%5.7%5.6%5.5%5.7%5.6%5.5%5.4%5.4%5.4%5.4%5.3%5.2%5.2%20225.2%5.1%5.1%5%5.0%4.9%2013201420152016201720182019202020214Description:In2022,businessactivitiesintheconstructionindustryaccountedfor5.2percentofthenominalgrossdomesticproduct(GDP)inJapan.Inrealterms,theGDPgeneratedbytheconstructionsectordecreasedby6.2percentyearonyear.

ReadmoreNote(s):Japan;2013to2022Source(s):CabinetOfficeJapanRealvalueaddedtothegrossdomesticproduct(GDP)bytheconstructionindustryinJapanfrom2013to2022(intrillionJapaneseyen)RealGDPoftheconstructionindustryinJapan2013-20223529.8129.6129.1829.3329.3428.913025201510527.8926.9727.1126.48020132014201520162017201820192020202120225Description:In2022,therealgrossdomesticproduct(GDP)oftheconstructionindustryinJapanamountedto27.11trillionJapaneseyen.Comparedtothepreviousyear,theGDPoftheconstructionindustrydeclinedby6.2percentinrealterms.Theconstructionindustryaccountedfor5.2percentofthenominalGDPinthesameyear.ReadmoreNote(s):Japan;2013to2022;chain-linked;benchmarkyear=2015Source(s):CabinetOfficeJapanTotalinvestmentinconstructioninJapanfromfiscalyear2014to2022withaforecastforfiscalyear2023(intrillionJapaneseyen)TotalconstructioninvestmentinJapanFY2014-20238070.3268.7967.870605040302010066.4462.3361.8361.3358.7456.6547.4920142015201620172018201920202021*2022*2023**6Description:Inthefiscalyear2022,totalconstructioninvestmentinJapanwasestimatedataround68.8trillionJapaneseyen,withbuildingconstructionaccountingforover60percentoftheseinvestments.Totalconstructioninvestmentswereforecastedtoincreasetoover70.3trillionyeninfiscalyear2023.ReadmoreNote(s):Japan;fiscalyears2014to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;valueinnominalprices;*Estimates.**Forecast.100Japaneseyenequal0.70U.S.dollarsor0.64euros[...]

ReadmoreSource(s):e-Stat(Japan);MLIT(Japan)ValueofordersreceivedforconstructionworksinJapanfromfiscalyear2013to2022(intrillionJapaneseyen)OrdervalueforconstructionsinJapanFY2013-2022181616.5415.8615.114.914.9314.8814.7914.3614.23141210813.27642020132014201520162017201820192020202120227Description:Infiscalyear2022,thevalueofordersforconstructionworksreceivedby50majorconstructorsinJapanamountedtoaround16.5trillionJapaneseyen,representinganincreaseof9.5percentcomparedtofiscal2021.Privateordersfromthenon-manufacturingsectoraccountedforthelargestshareofordersreceived.ReadmoreNote(s):Japan;fiscalyear2013to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;basedon50majorconstructorsSource(s):e-Stat(Japan);MLIT(Japan)ValueofoverseasconstructioncontractsawardedtocompaniesinJapanfromfiscalyear2013to2022(intrillionJapaneseyen)OverseasconstructioncontractvaluesignedbycompaniesinJapanFY2013-20222.52.061.942.052.01.51.00.50.01.851.821.791.681.61.551.1120132014201520162017201820192020202120228Description:Inthefiscalyear2022,constructioncompaniesinJapansignedoverseasconstructioncontractsworth2.05trillionJapaneseyen,upby14.6percentcomparedtothepreviousyear.ConstructionprojectsinAsiaaccountedforthelargestshareofoverseasconstructionprojectsthatyear.ReadmoreNote(s):Japan;fiscalyears2013to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyearSource(s):OverseasConstructionAssociationofJapan,Inc.LeadinggeneralcontractorsinJapanfromfiscalyear2019to2021,byaveragerevenue(inbillionJapaneseyen)MajorgeneralconstructioncontractorsinJapanFY2019-2021,byaveragerevenueRevenueinbillionJapaneseyen02004006008001,0001,2001,4001,6001,8002,0002,200KajimaCorporationObayashiCorporationTaiseiCorporation1,999.21,920.91,591.61,545.9ShimizuCorporationTakenakaCorporation*HasekoCorporation1,283.4855.1InfroneerHoldings682.9TodaCorporationPenta-OceanCosntructionKumagaiGumi509.1501437.2432.4SumitomoMitsuiConstructionHazamaAndoCorporationNishimatsuConstruction356.9350.59Description:KajimaCorporationwasthelargestgeneralconstructioncontractorinJapan,basedontheaveragerevenuegeneratedinthethreeyearsbetweenfiscalyear2019and2021.Thecompany'saveragerevenueamountedtoalmosttwotrillionJapaneseyen.ObayashiCorporationfollowed,withanaveragerevenueamountingtoover1.9trillionyen.ReadmoreNote(s):Japan;fiscalyears2019to2021;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;averageconsolidatedrevenuebetweenfiscalyear2019and2021;*FiscalyearsrunningfromJanuary[...]

ReadmoreSource(s):RICECHAPTER

02ConstructioncompaniesNumberoflicensedconstructionbusinessesinJapan2014to2023(in1,000s)NumberoflicensedconstructioncompaniesinJapan2014-2023500470.64472.92468.31472.47473.95475.29474.95467.64465.45464.89450400350300250200150100500201420152016201720182019202020212022202311Description:AsofMarch2023,therewerearound475thousandlicensedconstructionbusinessesinJapan.ThenumberofcompanieslicensedwithmunicipalgovernmentsortheMinistryofLand,Infrastructure,TransportandTourism(MLIT)declinedforthefirsttimeinfiveyears.Therearetwotypesoflicenses,ordinarylicensesandspeciallicenses,thatcompaniesmayholdatthesametime.ReadmoreNote(s):Japan;2014to2023;asoftheendofMarchofeachyearSource(s):MLIT(Japan)NumberoflicensedconstructionbusinessesinJapanin2023,bycapitalsizeNumberoflicensedconstructioncompaniesinJapan2023,bycapital120,000103,11697,801100,00080,00091,53768,27462,65660,00040,00020,000027,74412,2996,1003,0131,19491130312Description:AsofMarch2023,therewerearound103thousandlicensedconstructionbusinesseswithacapitalsizeofthreetounderfivemillionJapaneseyeninJapan,representingthemostcommontypeofbusinessintheconstructionindustry.Atthesametime,thereweremorethan68thousandsoleproprietors.ReadmoreNote(s):Japan;2023;asoftheendofMarchSource(s):MLIT(Japan)LeadingtypesofworklicensedconstructionbusinessesengageinJapanin2023ShareoflicensedconstructioncompaniesinJapan2023,bytypeofbusinessShareofcompanies15%0%5%10%20%25%30%35%40%Scaffold/construction/concreteworkConstructionengineeringPublicengineeringPavingwork37.6%30.5%27.6%20.3%SteelconstructionworkPipingwork18.7%18.6%18.3%18.1%WaterfacilitiesworkInteriorfinishingCarpentry16.5%16%14.8%13.7%13.3%StoneworkCoatingworkDemolitionworkElectricalwork13Description:AsofMarch2023,around37.6percentoflicensedconstructionbusinessesinJapanheldlicensestocarryoutscaffold,construction,andconcretework.UndertheConstructionBusinessAct,companiesmustobtainlicensesforeachtypeofconstructionworktheywanttocarryout.ReadmoreNote(s):Japan;2023;asofMarchofeachyearSource(s):MLIT(Japan)SalesrevenueoftheconstructionindustryinJapanfromfiscalyear2013to2022(intrillionJapaneseyen)ConstructionindustrysalesrevenueinJapanFY2013-2022160140149.8145143.3141.1136.7133.9128.5129122.5122.7120100806040200201320142015201620172018201920202021202214Description:Inthefiscalyear2022,theconstructionindustryinJapangeneratedsalesofapproximately149.8trillionJapaneseyen.Thisrepresentedanincreaseof9.6percentcomparedtothepreviousfiscalyear.

ReadmoreNote(s):Japan;fiscalyears2013to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;basedonsurveyresultsSource(s):MinistryofFinanceJapanOperatingprofitmarginofcorporationsintheconstructionindustryinJapanfromfiscalyear2016to2022OperatingprofitmarginofcompaniesintheconstructionindustryJapanFY2016-20224.7%4.6%4.6%4.5%4.4%4.4%4.3%4.3%4.3%4.2%4.2%4.1%4.0%3.9%3.8%4%3.9%202120162017201820192020202215Description:Inthefiscalyear2022,theoperatingprofitmarginofcorporationsintheconstructionindustryinJapanstoodatfourpercent.Thesalesrevenueoftheconstructionindustryincreasedby9.6percentinthesamefiscalyear.

ReadmoreNote(s):Japan;fiscalyear2016to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;basedonsurveyresultsSource(s):MinistryofFinanceJapanNumberofcorporatebankruptciesintheconstructionindustryinJapanfrom2013to2022NumberofbankruptciesintheconstructionindustryJapan2013-20222,5002,3472,0001,5001,0005001,8591,6121,5941,5711,4141,4141,2661,2041,0660201320142015201620172018201920202021202216Description:Around1,204businessesintheconstructionindustryinJapanfiledforbankruptcyin2022.Thiswasthefirsttimethatthenumberofcorporatebankruptciesintheconstructionindustryhasriseninthepastdecade.ReadmoreNote(s):Japan;2013to2022;bankruptcieswithliabilitiesof10millionyenormoreSource(s):StatisticsBureauofJapan;TeikokuDatabankCHAPTER

03EmploymentNumberofpeopleemployedintheconstructionindustryinJapanfrom2014to2023(inmillions)NumberofpeopleemployedintheconstructionindustryinJapan2014-202365.075.055.0354.994.954.944.854.834.79543210201420152016201720182019202020212022202318Description:In2023,therewerearound4.83millionpeopleemployedintheconstructionindustryinJapan.Thetotalnumberofpeopleemployedcomprisesself-employedworkers,familyworkers,andemployees.

ReadmoreNote(s):Japan;2014to2023;annualaverageSource(s):e-Stat(Japan);MinistryofInternalAffairsandCommunications(Japan)NumberofemployeesintheconstructionindustryinJapanfrom2014to2023(inmillions)NumberofemployeesintheconstructionindustryinJapan2014-20234.54.124.14.114.14.084.034.043.993.963.964.03.53.02.52.01.51.00.50.0201420152016201720182019202020212022202319Description:In2023,around3.99millionemployeeswereworkingintheconstructionindustryinJapan.Employeesrepresentedthemajorityofthetotalnumberofpeopleemployedintheconstructionindustry.ReadmoreNote(s):Japan;2014to2023;annualaveragefiguresSource(s):e-Stat(Japan);MinistryofInternalAffairsandCommunications(Japan)NumberofpeopleemployedintheconstructionindustryinJapanin2023,byage(in1,000s)NumberofpeopleemployedintheconstructionindustryinJapan2023,byage90080070060081069065052050046044038040030020010003203202103015to19years20

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65yearsandolder20Description:In2023,around810thousandpeopleemployedintheconstructionindustryinJapanwereaged65yearsorolder.Incontrast,210thousandpeopleaged20to24yearsworkedintheconstructionsectorinaverage.

ReadmoreNote(s):Japan;2023;annualaverageSource(s):e-Stat(Japan);MinistryofInternalAffairsandCommunications(Japan)MonthlyexcessordeficiencyratioofskilledconstructionworkersinJapanfromJanuary2019toDecember2023MonthlyexcessordeficiencyratioofskilledconstructionworkersinJapan2019-20232.5%2.0%1.5%1.0%0.5%0.0%Jan

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Nov20192019201920192019201920202020202020202020202020212021202120212021202120222022202220222022202220232023202320232023202321Description:InDecember2023,theseasonallyadjustedexcessorshortageratioofskilledconstructionworkersinJapanstoodat1.4percent,indicatinga1.4percentshortageofskilledworkforce.Theshortagerateofeightdifferenttypesofconstructionworkersdeclinedby0.4percentcomparedtothepreviousmonth.ReadmoreNote(s):Japan;January2019toDecember2023;3,000*;seasonallyadjustedfiguresforeightoccupationtypesintheconstructionindustry;*Licensedconstructioncompanieswithacapitalofatleastthreemillionyen.Excessordeficiencyratio=[...]

ReadmoreSource(s):MLIT(Japan)AveragemonthlywageindexintheconstructionindustryinJapanfrom2014to2023AveragemonthlysalaryindexintheconstructionindustryJapan2014-2023120103.4103.299.710099.79710080604020093.892.991.589.7201420152016201720182019202020212022202322Description:In2023,thewageindexintheconstructionindustryinJapanstoodat103.2indexpoints.Thisrepresentedadeclineof0.2percentcomparedtothepreviousyear.Theindexshowsthedevelopmentofaveragemonthlycashearningsintheconstructionindustry.ReadmoreNote(s):Japan;2014to2023;establishmentswith5employeesormore;2020asbaseyearwithanindexof100pointsSource(s):e-Stat(Japan);MHLW(Japan)CHAPTER

04ConstructioninvestmentInvestmentinconstructionasashareofthegrossdomesticproduct(GDP)inJapanfromfiscalyear2014to2022withaforecastforfiscalyear2023ConstructioninvestmentasshareofGDPinJapanFY2014-202313.0%12.4%12.5%12.0%11.5%11.0%10.5%10.0%9.5%12.3%12.3%12.3%11.2%11.1%11%10.8%10.5%9.1%20149.0%8.5%2015201620172018201920202021*2022*2023**24Description:Inthefiscalyear2022,totalconstructioninvestmentinJapanwasestimatedtoaccountfor12.3percentofthegrossdomesticproduct(GDP).Forthefiscalyear2023,thesharewasforecastedtoremainat12.3percentoftheGDP.Nominalconstructioninvestmentwasestimatedtoincreaseto68.8trillionJapaneseyeninfiscal2022.ꢀInrealterms,constructioninvestmentdeclinedby4.3percent.ReadmoreNote(s):Japan;fiscalyears2014to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;*Estimates.**Forecast.Calculation:constructioninvestment(nominal)/grossdomesticproduct[...]

ReadmoreSource(s):e-Stat(Japan);MLIT(Japan)TotalinvestmentinconstructioninJapanfromfiscalyear2014to2022withaforecastforfiscalyear2023,bysector(intrillionJapaneseyen)TotalconstructioninvestmentinJapanFY2014-2023,bysectorPrivateinvestorsPublicinvestors8070605040302010025.3424.2524.0325.1421.5922.4821.7820.9920.218.6144.9843.7744.5441.31202039.55201740.24201839.85201937.75201636.44201528.8820142021*2022*2023**25Description:Inthefiscalyear2022,totalinvestmentinconstructionbytheprivatesectorinJapanwasestimatedataround44.5trillionJapaneseyen.Privateinvestmentaccountedforabout65percentofthetotalinvestmentinconstructionthatyear.

ReadmoreNote(s):Japan;fiscalyears2014to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;valueinnominalprices;*Estimates.**Forecast.100Japaneseyenequal0.70U.S.dollarsor0.64euros[...]

ReadmoreSource(s):e-Stat(Japan);MLIT(Japan)RealgrowthoftotalinvestmentinconstructioninJapanfromfiscalyear2014to2022withaforecastforfiscalyear2023RealchangeintotalconstructioninvestmentinJapanFY2014-202325%19%20%15%10%5%6.7%3.4%20162.4%20170%-0.8%-1.5%2019-2.4%2018-2.6%-5%-10%-4.3%-4.9%2014201520202021*2022*2023**26Description:Inthefiscalyear2022,totalinvestmentinconstructioninJapandeclinedby4.3percentinrealterms,accordingtoestimates.Constructioninvestmentwasprojectedtocontinuedeclininginfiscal2023.ReadmoreNote(s):Japan;fiscalyears2014to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;realvalueswerecalculatedusingtheconstructioncostdeflatorwith2015asabaseyear;*Estimates.

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ReadmoreSource(s):e-Stat(Japan);MLIT(Japan)DistributionofinvestmentinconstructioninJapanfromfiscalyear2014to2022withaforecastforfiscalyear2023,bytypeBreakdownofconstructioninvestmentinJapanFY2014-2023,bytypeResidentialbuildingNon-residentialbuildingExtensionandrenovationCivilengineering120%100%80%60%40%20%0%34.5%34.8%33.4%34.5%35.5%36.7%37.3%38.5%38.2%40.6%26.5%12.4%25.6%13.3%23.1%12.5%23.4%12.7%24.9%12.7%24.9%15.9%22.1%15.8%21.8%15.1%22.2%16.1%20.3%32.9%201429.1%201529.3%201628.6%201727.9%201826.9%201924.2%202025.3%2021*25.2%2022*25.4%2023**27Description:Inthefiscalyear2022,residentialandnon-residentialbuildingconstructionwasestimatedtoaccountfor47percentofthetotalconstructioninvestmentinJapan.ConstructioninvestmentinJapanwasforecasttoincreaseto70.3trillionJapaneseyeninfiscalyear2023.ReadmoreNote(s):Japan;fiscalyears2014to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;valueinnominalprices;*Estimates.**Forecast.

ReadmoreSource(s):e-Stat(Japan);MLIT(Japan)DistributionofconstructioninvestmentinJapaninfiscalyear2022,bytypeandinvestorBreakdownofconstructioninvestmentinJapanFY2022,bytypeandinvestorExtensionandrenovation(publicsector)2.8%Residentialbuildingconstruction(publicsector)0.6%Non-residentialbuildingconstruction(publicsector)5.5%Civilengineering(publicsector)Civilengineering(privatesector)10.9%26.4%Extensionandrenovation(privatesector)13%Residentialbuildingconstruction(privatesector)24.6%Non-residentialbuildingconstruction(privatesector)16.3%28Description:Inthefiscalyear2022,investmentincivilengineeringbythepublicsectorwasestimatedtoaccountfor26.4percentofconstructioninvestmentinJapan.Investmentinbuildingconstructionbyprivateinvestorsaccountedforaround53.9percentoftheꢀtotalinvestmentinconstruction.ReadmoreNote(s):Japan;fiscalyear2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;basedonnominalprices;estimatesSource(s):e-Stat(Japan);MLIT(Japan)InvestmentinbuildingconstructioninJapanfromfiscalyear2014to2022withaforecastforfiscalyear2023(intrillionJapaneseyen)BuildingconstructioninvestmentinJapanFY2014-20235043.434540353025201510542.9143.1640.8640.8940.4940.1838.3137.0928.19020142015201620172018201920202021*2022*2023**29Description:Inthefiscalyear2022,investmentinbuildingconstructioninJapanwasestimatedatapproximately43.2trillionJapaneseyen.Thatyear,themajorityofinvestmentswereusedintheconstructionofprivatedwellings.Investmentinbuildingconstructionwasforecastedtoincreaseto43.4trillionyeninfiscalyear2023.ReadmoreNote(s):Japan;fiscalyears2014to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;valueinnominalprices;*Estimates.**Forecast.100Japaneseyenequal0.70U.S.dollarsor0.64euros[...]

ReadmoreSource(s):e-Stat(Japan);MLIT(Japan)CHAPTER

05ResidentialconstructionInvestmentinhousingconstructioninJapanfromfiscalyear2014to2022withaforecastforfiscalyear2023(intrillionJapaneseyen)ResidentialbuildingconstructioninvestmentinJapanFY2014-20232017.8317.561816141210817.2217.2617.1417.3216.7516.4816.1115.62642020142015201620172018201920202021*2022*2023**31Description:Inthefiscalyear2022,investmentinresidentialconstructioninJapanwasestimatedatapproximately17.3trillionJapaneseyen.Privateresidentialconstructionaccountedforthelargestshareofhousingconstructioninvestment,whichwasforecastedtodecreasetoaround17.8trillionyeninfiscalyear2023.ReadmoreNote(s):Japan;fiscalyears2014to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;valueinnominalprices;*Estimates.**Forecast.100Japaneseyenequal0.70U.S.dollarsor0.64euros[...]

ReadmoreSource(s):e-Stat(Japan);MLIT(Japan)NumberofnewconstructionstartsofdwellingsinJapanfrom2014to2023(in1,000units)NumberofnewhousingunitsstartedinJapan2014-20231,200967.24964.641,0008006004002000942.37909.3905.12892.26856.48859.53815.34819.62201420152016201720182019202020212022202332Description:In2023,approximately819.6thousandhousingstartswereinitiatedinJapan.Thisrepresentedadeclineof4.6percentcomparedtothepreviousyear.Thehighestfigureinthepastdecadewasrecordedin2016.

ReadmoreNote(s):Japan;2014to2023Source(s):e-Stat(Japan);MLIT(Japan)TotalfloorareaofdwellingconstructionstartsinJapanfrom2014to2023(inmillionsquaremeters)FloorspaceofresidentialconstructionstartsinJapan2014-20239078.1877.518070605040302010075.6875.3175.0674.8870.6769.0166.4564.18201420152016201720182019202020212022202333/statistics/1272923/japan-floor-space-dwelling-construction-startsIn2023,housingconstructionstartsinJapancoveredatotalfloorspaceofapproximately64.2millionsquaremeters,downfrom69millionsquaremetersin2022.Thefloorspaceofresidentialconstructionstartshasgraduallydecreasedinrecentyears.ReadmoreNote(s):Japan;2014to2023Source(s):e-Stat(Japan);MLIT(Japan)NumberofdwellingconstructionstartsinJapanfrom2014to2023,bystructure(in1,000units)NumberofresidentialconstructionstartsinJapan2014-2023,bystructureWoodenSteelframereinforcedconcreteReinforcedconcreteSteelframeConcreteblockOthers1,2001,0008006004002000201420152016201720182019202020212022202334Description:In2023,therewerearound454.4thousandconstructionstartsforwoodenstructuredwellingsinJapan.WoodasabuildingmaterialhasalongtraditioninJapan,andsingle-familyhomeswithwoodenstructuresarestillthenorm.Houseswithwoodenstructuresareestimatedtolastaround30yearsbytheMinistryofLand,Infrastructure,Transport,andTourism.ReadmoreNote(s):Japan;2014to2023Source(s):e-Stat(Japan);MLIT(Japan)NumberofdwellingconstructionstartsinJapanfrom2014to2023,bytypeofbuilding(in1,000units)NumberofresidentialconstructionstartsinJapan2014-2023,bytypeofbuildingDetachedhousesTenementhousesApartments1,2001,0008006004002000416.83117.05426.32109.25429.07410.63100.4384.97109.83375.9787.64369.68105.4356.668.7383.2472.18349.01379.7173.1170.21433.362016431.342018441.512019431.182021417.192014414.512015404.122022396.12366.8120172020202335Description:In2023,constructionworksforaround366.8thousanddetachedhouseswerelaunchedinJapan.Thenumberofconstructionstartsofsingle-familyhomesdecreasedcomparedtothepreviousyear.

ReadmoreNote(s):Japan;2014to2023Source(s):e-Stat(Japan);MLIT(Japan)CHAPTER

06Non-residentialconstructionInvestmentinnon-housingconstructioninJapanfromfiscalyear2014to2022withaforecastforfiscalyear2023(intrillionJapaneseyen)Non-residentialbuildingconstructioninvestmentsinJapanFY2014-20231815.6915.5415.416141210814.991514.7214.2613.7213.0812.57642020142015201620172018201920202021*2022*2023**37Description:Inthefiscalyear2022,investmentintheconstructionofnon-residentialbuildingsinJapanwasestimatedataround15trillionJapaneseyen,upfromabout14.99trillionyeninthepreviousyear.Non-housingconstructioninvestmentaccountedforroughly35percentofthetotalbuildingconstructioninvestmentthatyear.ReadmoreNote(s):Japan;fiscalyears2014to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;valueinnominalprices;*Estimates.**Forecast.100Japaneseyenequal0.70U.S.dollarsor0.64euros[...]

ReadmoreSource(s):e-Stat(Japan);MLIT(Japan)Floorareaofnon-residentialbuildingconstructionstartsinJapanfrom2014to2023(inmillionsquaremeters)Floorspaceofnon-residentialbuildingconstructionstartsinJapan2014-20236053.8252.9752.4350.5150.7548.6948.465040302010047.244.2443.45201420152016201720182019202020212022202338Description:In2023,non-residentialconstructionstartsinJapancoveredafloorareaofaround43.5millionsquaremeters.Thefloorspaceofnewconstructiondecreasedbyeightpercentcomparedtothepreviousyear.

ReadmoreNote(s):Japan;2014to2023Source(s):e-Stat(Japan);MLIT(Japan)Floorareaofnon-residentialbuildingconstructionstartsinJapanin2023,byuse(inmillionsquaremeters)Floorspaceofnon-residentialbuildingconstructionstartsinJapan2023,byuseFloorareainmillionsquaremeters02468101214WarehousesFactoriesOffice12.487.265.71Stores3.92SchoolsHospitalsOthers21.5410.5539Description:In2023,buildingconstructionstartsofwarehousesinJapancoveredanareaofaround12.5millionsquaremeters.Factoriesfollowed,withafloorspaceof7.3millionsquaremeters.Thetotalfloorareaofconstructionstartsfornon-residentialbuildingsdecreasedyearonyear.ReadmoreNote(s):Japan;2023Source(s):e-Stat(Japan);MLIT(Japan)FloorareaofwarehousebuildingconstructionstartsinJapanfrom2014to2023(inmillionsquaremeters)FloorspaceofwarehouseconstructionstartsinJapan2014-202314121013.2913.1612.4811.469.699.089.088.