Real GDP
outputJPNRGDPEXP
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Economic indicator correlations for Japan. See how 12 macro indicators move together and how Japan's GDP correlates with other major economies.
Coverage
Real GDP
outputJPNRGDPEXP
CPI (YoY)
pricesCPALTT01JPM657N
Unemployment Rate
laborLRHUTTTTJPM156S
3-Month Interbank Rate
ratesIR3TIB01JPM156N
10-Year Bond Yield
ratesIRLTLT01JPM156N
Industrial Production
outputJPNPROINDMISMEI
Exports
tradeXTEXVA01JPM667S
Imports
tradeXTIMVA01JPM667S
Consumer Confidence
confidenceCSCICP03JPM665S
M1 Money Supply
monetaryMANMM101JPM189S
PPI Manufacturing
pricesPIEAMP01JPM661N
Retail Trade
outputSLRTTO01JPM657S
Intra-Country
#1
3-Month Interbank Rate vs 10-Year Bond Yield
Corr +70%288 pts
1.718
#2
10-Year Bond Yield vs Consumer Confidence
Corr +52%421 pts
1.361
#3
Real GDP vs Industrial Production
Corr +63%120 pts
1.313
#4
Industrial Production vs Imports
Corr +38%806 pts
1.097
#5
Exports vs Imports
Corr +36%830 pts
1.046
#6
Industrial Production vs Exports
Corr +34%806 pts
0.986
#7
Unemployment Rate vs 10-Year Bond Yield
Corr -34%447 pts
0.908
#8
Real GDP vs Exports
Corr +40%128 pts
0.853
#9
Unemployment Rate vs Consumer Confidence
Corr -29%502 pts
0.773
#10
3-Month Interbank Rate vs M1 Money Supply
Corr -31%260 pts
0.746
#11
Unemployment Rate vs M1 Money Supply
Corr -24%766 pts
0.686
#12
Real GDP vs Consumer Confidence
Corr +28%120 pts
0.579
#13
Industrial Production vs Consumer Confidence
Corr +18%502 pts
0.490
#14
Unemployment Rate vs 3-Month Interbank Rate
Corr +20%288 pts
0.488
#15
Unemployment Rate vs Industrial Production
Corr -13%830 pts
0.372
Cross-Country
Level series (rates, unemployment, confidence) are used as-is; flow/stock series (GDP, trade, money supply, housing, prices) use period-over-period growth (%). Pairwise Pearson correlations. Ranking score = absolute correlation × log10(overlap + 1).
Minimum overlap filter: 20 data points.
Diagnostics
PPI Manufacturing (PIEAMP01JPM661N): FRED request failed with status 400 Bad Request.
Retail Trade (SLRTTO01JPM657S): FRED request failed with status 400 Bad Request.