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Japan Infrastructure Report Q1 2009

Publication Date March 2009
Publisher Business Monitor
Product Type Report
Pages 70
ISBN Number 1752-5446
Product Code BMI03582
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Summary

Japan's infrastructure sector has long been mired, owing to economic stagnation, excessive red tape and the country's high level of development, all of which conspire to work against the emergence of impetus for construction work. A very modest recovery in 2006 and 2007 - entailing annual growth in construction-sector industry value of less than 1% year-on-year (y-o-y) in real terms - was followed by pronounced negative growth in 2008, which we estimate at -3.8% y-o-y. The prognosis for 2009 is little better, given that the intensification of the global economic downturn will weigh on Japan's exports. This will further constrain industrial and commercial construction, economic growth and real incomes and, in turn, residential construction. Our forecast for 2009 is for a further contraction in the real output of the construction sector, at a rate of just over 2% for the year as a whole. We anticipate growth to regain some momentum as the global economy recovers, but as the outlook weakens the risks are strongly to the downside.

The opening of a new 1,383-megawatt (MW) nuclear reactor in Japan's Aomori Prefecture has been delayed from March 2012 to November 2014, according to reports in November 2008. Construction work at the proposed plant got underway under the auspices of Electric Power Development Company in May 2008, but this was nearly two years behind the original schedule.

Chubu Electric Power was considering decommissioning two nuclear reactors, while building a new reactor. The two reactors reportedly earmarked for decommissioning are the No. 1 and No. 2 light-water reactors at Hamaoka Nuclear Power Station in Shizuoka Prefecture. Both these reactors have been suspended for some time and improvements to make them active again are believed to be too costly, hence the reported plan to build a new reactor. Decommissioning of the two old reactors is expected to be completed around 2035 while the new reactor should be built by 2018, according to the report.

Content

  • Executive Summary
  • SWOT Analysis
  • Japan Infrastructure Industry SWOT
  • Japan Political SWOT
  • Japan Economic SWOT
  • Market Overview
  • Japan
  • Recent Activity Of Japanese Infrastructure Majors Abroad
  • Global Overview
  • Mega-Urban Regions: Opportunities And Challenges For Infrastructure
  • Mega-Urban Regions: Investment Opportunities And Risks
  • Major Infrastructure Developments And Key Projects
  • Transport Infrastructure Overview
  • New And Ongoing Projects
  • Airports
  • Ports
  • Railways
  • Energy & Utilities Infrastructure Overview
  • New And Ongoing Projects
  • Power Plants And Transmission Grids
  • Oil And Gas Pipelines
  • Construction Overview
  • New And Ongoing Projects
  • Residential Construction
  • Commercial Construction
  • Major Projects Table
  • Industry Forecast Scenario
  • Business Environment
  • Regional Overview - Asia Pacific
  • Asia Pacific: Business Environment Ratings
  • Limits Of Potential Returns
  • Risks To The Realisation Of Potential Returns
  • Project Finance Ratings: Outlook For Asia Pacific
  • Industry Trend Analysis - Introducing BMI's Project Finance Ratings: Outlook For Asia Pacific
  • Foreign Direct Investment
  • Labour Force
  • Legal Regime
  • Macroeconomic Outlook
  • Political Outlook
  • Company Monitor
  • Country Snapshot: Japan Demographic Data
  • Section 1: Population
  • Section 2: Education And Healthcare
  • Section 3: Labour Market And Spending Power
  • BMI Forecast Modelling
  • How We Generate Our Industry Forecasts
  • Construction Industry
  • Sources
  • Business Environment Ratings
  • Project Finance Ratings Methodology
  • Construction Risks
  • Operating Risks - Commercial Construction
  • Operating Risks - Energy and Utilities
  • Operating Risks -Transport
  • List of Tables
    • Table: Value of Construction Orders Received, 100mn yen
    • Table: The World's 30 Largest Urban Agglomerations
    • Table: The World's Richest Cities In 2020 By GDP
    • Table: The World's Fastest-Growing Urban Areas
    • Table: Japan - Major Infrastructure Projects
    • Table: Japan - Economic And Construction Data, 2007-2013
    • Table: Regional Infrastructure Business Environment Ratings
    • Table: Design And Construction Rating
    • Table: Commissioning And Operating Rating
    • Table: Japan - Economic Activity
    • Table: Japanese Prime Ministers Since 1990
    • Table: Demographic Indicators, 2005-2030
    • Table: Rural/Urban Breakdown, 2005-2030
    • Table: Education, 2002-2005
    • Table: Vital Statistics, 2005-2030
    • Table: Employment Indicators, 2001-2006
    • Table: Consumer Expenditure, 2000-2012 (US$)
    • Table: Average Annual Wages, 2000-2012
    • Table: Infrastructure Business Environment Indicators
Product features / use
Level General Industry Strategies yes
Data Detailed Market Forecasts yes
Profiles Profiles of Key Companies yes
Features Contains SWOT Analysis yes
Extra Info Consumer Trends Highlighted yes

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