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Japan Wood Products Prices

16 C 31th January 2019

Japan Wood Products Prices
Dollar Exchange Rates of 
25th  January 2019
Japan Yen

Reports From Japan

Economy expanding but consumer spending flat
Recent reports from the Cabinet Office have been
interpreted as showing the economic recovery has now
extended to over 6 years however, analysts have pointed
out that, while economic data tends to support this,
Japanese consumers say they do not feel any

Although there have been modest wage increase over the
past years, consumer spending power has been eaten away
by a host of tax and social security contribution increases
such that consumers now have less to spend.

In its January Monthly Economic Report the Cabinet
Office kept its assessment that the economy is "recovering
at a moderate pace."

Strong exports on the back of the weak yen and business
investment have been the main drivers of growth but
recently the government lowered its forecast for export
growth due to the worsening trade dispute war between the
US and China. The Cabinet Office, report says exports
have weakened recently.


Bank of Japan lowers inflation forecast
In its most recent Economic Outlook Report the Bank of
Japan has lowered its inflation forecast for the next fiscal
year which begins in April 2019. The BoJ has shaved its
forecast to 0.9% from 1.4%.

The BoJ also said it will maintain its current monetary
which, along with the reduced inflation forecast,
underscores the difficulties faced in achieving a 2% annual
inflation. The latest inflation downgrade is the fourth
consecutive reduction.

The BoJ Quarterly Report can be found at:

Lowest consumer confidence since mid-2016
Japan's Consumer Confidence Index dropped for a fourth
consecutive month in January. While not a major
economic indicator, the movement of the index compiled
by the Cabinet Office, underlines concerns that consumers
are growing less optimistic about economic prospects.

The Consumer Confidence Index for January 2019 was
41.9, a level not seen since mid-2016. Prospects in all of
the four components assessed in the Cabinet Office
survey; overall livelihood, income growth, employment
and willingness to buy durable goods were reported as



LM        Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS         Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR            French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Plywood grades. Letter(s) on the left indicate face veneer(s), those on the right backing veneer(s). Veneer grade decreases in order B, BB, C, CC, etc. MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF         Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot  PHND             Pin hole no defect grade
Hoppus ton     1.8 cubic metres              Price has moved up or down

Source:ITTO'  Tropical Timber Market Report

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