Japan Infrastructure Report

Published 04 February 2015

  • 105 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Japan Infrastructure Report

BMI View: The rapid decline in construction and infrastructure growth in Japan is a sign that the government's aggressive stimulus measures have already begun to wear off. This once again underscores our long-held view that Japan's fiscal stimulus programme is not a sustainable path forward for either the infrastructure sector or the broader economy, and that significant structural reforms are needed to restore competitiveness. Following an estimated 1.6% contraction in 2014 , we expect the construction industry to recover only slightly in 2015, with a forecasted real growth rate of 0.8%.

Key Trends And Developments

In January 2015, Japan's government signed a deal to accelerate construction of two Shinkansen rail lines in the country. The Liberal Democratic Party has campaigned to speed up extension of the Shinkansen network to expand the economic recovery to all regions. The government and ruling association agreed to bring forward the completion date for the 121km Kanazawa-Tsuruga extension of the Hokuriku Shinkansen from 2025 to 2022. The authorities will decide in Q315 whether to open the Kanazawa-Fukui section as early as 2020. The adjacent 228km Nagano-Kanazawa section of the Hokuriku Shinkansen will be opened in March 2015.

In December 2014, Central Japan Railway Company (JR Central) began construction work on the JPY5.5trn (USD46.45bn) Chuo maglev line between the Japanese cities of Shinagawa and Nagoya. The stations at these two locations will be underground. The remaining four intermediate stations on the line will be located at Sagamihara, Kofu, Iida and Nakatsugawa. Major construction work on the 286km line is scheduled to start in 2015, with the project expected to be completed in 2027.

In January 2015, The New Kansai International Airport Company announced that it had shortlisted 20 bidders for a multibillion dollar concession to operate Japan's New Kansai International Airport for a 44-year period. The bidders include Singapore's Changi...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Infrastructure And Construction Industry Data (Japan 2012-2017)
10
Table: Infrastructure And Construction Industry Data (Japan 2018-2023)
11
Transport Infrastructure - Outlook And Overview
18
Table: Transport Infrastructure Industry Data (Japan 2012-2017)
18
Table: Transport Infrastructure Industry Data (Japan 2018-2023)
20
Table: Competitiveness Of Japan's Infrastructure
22
Major Projects Table - Transport
30
Table: Major Projects - Transport
30
Energy And Utilities Infrastructure - Outlook And Overview
31
Table: Energy And Utilities Infrastructure Data (Japan 2012-2017)
31
Table: Energy And Utilities Infrastructure Data (Japan 2018-2023)
32
Table: Fact Box: Proposed Changes In Fourth Basic Energy Plan
35
Table: Factbox: Nuclear Restart Applications
43
Major Projects Table - Energy & Utilities
52
Table: Major Projects - Energy & Utilities
52
Residential/Non-Residential Building - Outlook And Overview
56
Table: Residential and Non-Residential Building Industry Data (Japan 2012-2017)
56
Table: Residential and Non-Residential Building Industry Data (Japan 2018-2023)
56
Table: Japan - Public Housing Plan For Disaster-Hit Victims, Units
58
Table: Japan - Status Of Land Acquisition For Mass Relocation Projects
58
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
65
Table: Major Projects - Residential/Non-Residential and Social Infrastructure
65
Industry Risk/Reward Ratings
66
Japan - Infrastructure Risk/Reward Ratings
66
Rewards
66
Risks
67
Asia Pacific Infrastructure Index
68
Developed Markets: Favoured
69
Giants Of Asia: Rewards Sizeable, Risks Sizeable
71
South East Asia: Environment Deteriorating Slightly
72
Table: Asia Pacific Infrastructure Risk Reward Index
74
Market Overview
75
Competitive Landscape
75
Table: EQS
76
Company Profile
78
Kajima
78
J-Power
82
Taisei
87
Global Infrastructure Overview
92
Global Industry Overview
92
Table: Construction Industry Value, Real Terms, % Change
93
Table: BMI's Top 5 Markets
97
Methodology
99
Industry Forecast Methodology
99
Sector-Specific Methodology
100
Risk/Reward Index Methodology
104
Sector-Specific Methodology
105
Table: Infrastructure Risk/Reward Index Indicators
105
Table: Weighting Of Indicators
106

The Japan Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Japan Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Japanese infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Japan to test other views - a key input for successful budgetary and planning in the Japanese infrastructure market.
  • Target business opportunities and risks in the Japanese infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Japan.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc