Japan Infrastructure Report

Published 15 May 2015

  • 118 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 the government's aggressive stimulus measures have already begun to wear off. This again underscores our long-held view that Japan's fiscal stimulus programme is not sustainable for the infrastructure sector and significant structural reforms are needed to restore competitiveness. To this end, a new market on the Tokyo Stock Exchange for infrastructure funds has the potential to boost private participation in the industry, while simultaneously taking pressure of f government expenditure. 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

  • The opening of a new market for infrastructure funds in Japan will boost the funding environment for domestic and regional infrastructure significantly. According to the Nikkei Asian Review, the Tokyo Stock Exchange (TSE) - a unit of the Japan Exchange Group (JXG) - could open a market for infrastructure funds as early as April 2015. The market will target funds that invest in infrastructure projects, such as renewable energy facilities, as well as airports and railways. The creation of such a market will allow investors to buy and sell funds listed on the exchange as shares and receive dividends based on the returns generated by the infrastructure.

  • Narita International had long sought to develop an offering for budget flights and in April opened a terminal to handle the growing number of budget airlines for domestic and short-haul overseas flights. The terminal will be exclusively for low-cost airlines. It has a three-storey main building and a two-storey satellite facility. Australian airline Jetstar will run domestic and international services, as too will Japan's Vanilla Air, while South Korean Jeju Air will run an international service and Spring Japan will run a domestic service....

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Japan 2013-2018)
10
Table: Construction And Infrastructure Industry Data (Japan 2019-2024)
11
Transport Infrastructure - Outlook And Overview
22
Table: Transport Infrastructure Industry Data (Japan 2013-2018)
22
Table: Transport Infrastructure Industry Data (Japan 2019-2024)
23
Table: Competitiveness Of Japan's Infrastructure
25
Major Projects Table - Transport
33
Table: Major Projects - Transport
33
Energy And Utilities Infrastructure - Outlook And Overview
36
Table: Energy And Utilities Infrastructure Data (Japan 2013-2018)
36
Table: Energy And Utilities Infrastructure Data (Japan 2019-2024)
37
Table: Fact Box: Proposed Changes In Fourth Basic Energy Plan
39
Table: Factbox: Nuclear Restart Applications
49
Major Projects Table - Energy & Utilities
62
Table: Major Projects - Energy & Utilities
62
Residential/Non-Residential Building - Outlook And Overview
70
Table: Residential and Non-Residential Building Industry Data (Japan 2013-2018)
70
Table: Residential and Non-Residential Building Industry Data (Japan 2019-2024)
70
Table: Japan - Public Housing Plan For Disaster-Hit Victims, Units
72
Table: Japan - Status Of Land Acquisition For Mass Relocation Projects
72
Industry Risk/Reward Ratings
80
Japan - Infrastructure Risk/Reward Index
80
Rewards
80
Risks
81
Asia Pacific - Infrastructure Risk/Reward Index
82
Developed Markets: Favoured
82
Giants Of Asia: Rewards Sizeable, Risks Sizeable
84
South East Asia: Environment Deteriorating Slightly
86
Table: Asia Pacific Infrastructure Risk/Reward Index
87
Market Overview
88
Competitive Landscape
88
Table: EQS
90
Company Profile
91
Kajima
91
J-Power
95
Taisei
100
Global Infrastructure Overview
105
Industry Trend Analysis
105
Table: Multilaterals And Development Bank Infrastructure Support Programmes
109
Methodology
111
Industry Forecast Methodology
111
Sector-Specific Methodology
112
Risk/Reward Index Methodology
116
Sector-Specific Methodology
117
Table: Infrastructure Risk/Reward Index Indicators
117
Table: Weighting Of Indicators
118

The Japan Infrastructure Report features BMI Research'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.

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