New Market Research Report: Japan Freight Transport Report Q1 2016

The Japanese freight industry will once more be led by the rail sector in terms of y-o-y tonnage growth, pencilled in to come in at 3.30% in 2016. Behind this mode will be air and road with annual growth of 1.30% and 0.34% respectively. Stymieing freight growth to some degree over the short term at least is the fact that Japan's largest export market is the US, which recently overtook China and receives 20% of total exports. The weakening JPY/USD exchange rate will continue to undermine Japanese exports in US dollar terms as any increase in shipment volumes fails to match up to the depreciation in the currency. Contrary to mainstream belief, the weakening of the yen is undermining the Japanese economy, but its effects are being concealed by the windfall gains of lower energy imports.

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The weakening yen continues to undermine Japan's economy by reducing export receipts in US dollar terms in spite of the rise in export volumes. However, these negative effects are being concealed by the windfall gains of lower energy imports, which look likely to remain in place over the medium term.

Perhaps the largest risk that could prevent the Bank of Japan (BoJ) from hitting its 2.0% inflation target is a continued collapse in Chinese stocks and a sharp deterioration in the economy. This would inevitably have a negative impact on Japan's export earnings (not only through slower Chinese demand but also a likely strengthening of the yen), causing a renewed slump in the economy and inflation, possibly triggering further monetary easing.

Road freight is set to see negligible y-o-y growth both over the short and medium term as the sector accounts for the vast majority of freight handled in Japan and is, thus, at something of a saturation point. However, there is some degree of optimism in the road freight sphere due to the fact that the annual contractions in growth seen in the noughties are set to be consigned to the past.

The Japan Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

BMI Research's Japan Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Japanese freight transport and logistics industry.

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on Japan to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
* Target business opportunities and risks in the Japanese freight transport sector

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