Japan Infrastructure Report Q3 2009

Publication Date	July 2009
Publisher	Business Monitor
Product Type	Report
Pages	75
ISBN Number	1752-5446
Product Code	BMI04063

Buy this product or for assistance call +44 20 7060 7474

PDF £250.00$416 | €280

FAX Order above formats by FAX

Summary

The global downturn continued to negatively affect Japan over the quarter with infrastructure projects in decline. BMI forecasts negative growth for the construction industry in Japan over 2009 with a substantial -11.2% drop in real growth y-o-y. The industry is expected to show decline throughout 2010, with growth reaching only 1.9% by 2013.

Construction on the Daidogawa Dam in Otsu, a small village in Japan, was halted by the country's transport ministry in April. The ministry said the freeze was necessary in order to consider propositions by the governors of Shiga, Kyoto, Osaka and Mie prefectures, who in February and March submitted requests to stop the construction. There was increased collaboration between Japan and Russia in the energy sector with both a hydropower plant and a wind farm in eastern Russia announced in May. The projects will see collaboration between Japan's Mitsui and J-Power and Russia's state-owned RusHydro Japan maintains the top spot in BMI's Infrastructure Business Environment, with an overall score of 71.6.

This is largely thanks to top scores for its investment climate and regulatory environment, as well as the great expertise of the domestic infrastructure majors, which are among the global leaders in the industry.

Japan scored rather worse for its Project Finance, ranking just seventh in its region. This was due to a low rating in inputs for Japan, which dragged its overall score down. This was exacerbated by deflationary pressures that resulted in an increase in the cost of debt, Japan's government launched a record fiscal stimulus of JPY15.4trn (US$154bn) in Q2. The package was the third initiated by Prime Minister Taro Aso since he took office last September, and took the cumulative total to JPY25trn (US$250bn), representing 5.5% of the country's GDP. The fiscal stimulus plan does not contain any specific provisions for infrastructure projects, or at least none have been announced as such. For this reason, Japan's industry value forecasts remain under pressure and the country's infrastructure market score has declined from the previous 72.5 to 57.5.

Content

Executive Summary
Market Overview
Japan
Recent Activity of Japanese Infrastructure Majors Abroad
Global Overview
Governments to The Rescue: The Global Surge in Infrastructure Spending
SWOT Analysis
Japan Infrastructure Industry SWOT
Japan Political SWOT
Japan Economic SWOT
Major Infrastructure Developments and Key Projects
Transport Infrastructure Overview
New and Ongoing Projects
Airports
Freight opportunities
Ports
Railways
Roads and Bridges
Energy and Utilities Infrastructure Overview
New and Ongoing Projects
Water
Power Plants and Transmission Grids
Construction Overview
New and Ongoing Projects
Commercial Construction
Industry Forecast Scenario
Business Environment
Asia Pacific Infrastructure Business Environment Ratings
Limits of Potential Returns
Risks to The Realisation of Potential Returns
Project Finance Ratings: Outlook for Asia Pacific
Foreign Direct Investment
Labour Force
Legal Regime
Macroeconomic Outlook
Political Outlook
Ichiro Ozawa and The DPJ: A SWOT Analysis
Company Monitor
Kajima Corporation
J-POWER
Tokyo Electric Power Company Co. (TEPCO)
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
Ratings Overview
Project Finance Ratings Methodology
Design & Construction Phase
Historical Data & Forecasts
Commissioning and Operating Phase - Energy and Utilities
Commissioning and Operating Phase -Transport
List of Tables
- Table: Value of Construction Orders Received, 100mn Yen
- Table: Infrastructure Stimulus Plans List
- Table: Japan - Major Infrastructure Projects
- Table: Japan Infrastructure Forecast
- Table: Regional Infrastructure Business Environment Ratings
- Table: Design and Construction Rating
- Table: Commissioning and Operating Rating
- Table: Overall Project Finance Rating
- Table: Japan - Macroeconomic Forecasts
- 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
- Table: Commissioning and Operating Phase - Commercial Construction