National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Japan
Index 2015=100, Annual
NAEXKP01JPA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.91
Year-over-Year Change
7.37%
Date Range
1/1/1994 - 1/1/2022
Summary
This annual index measures Japan's nominal effective exchange rate, adjusting for inflation. It provides insight into the competitiveness of Japan's currency relative to its major trading partners.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The nominal effective exchange rate (NEER) index tracks the value of the Japanese yen against a basket of currencies, weighted by trade volume. It is a key indicator of Japan's international trade and economic performance.
Methodology
The data is calculated by the Bank for International Settlements using exchange rate and inflation data.
Historical Context
Policymakers and analysts use this index to assess Japan's export competitiveness and monitor exchange rate movements.
Key Facts
- The index base year is 2015.
- The index increased by 2.3% in 2021.
- Japan is a major exporter, so the exchange rate is closely watched.
FAQs
Q: What does this economic trend measure?
A: This index measures the nominal effective exchange rate of the Japanese yen, adjusting for inflation. It tracks the yen's value relative to a basket of currencies of Japan's major trading partners.
Q: Why is this trend relevant for users or analysts?
A: The NEER index provides insight into Japan's export competitiveness and is closely monitored by policymakers and market analysts to assess the country's economic performance and trade position.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using exchange rate and inflation data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to evaluate the impact of exchange rate movements on Japan's trade balance and competitiveness, which informs monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The index is published annually, so there may be a delay in the most recent data being available. The index also only reflects nominal changes, not real exchange rate adjustments.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP01JPA661S), retrieved from FRED.