Report published August 28, 2026
Japan Economic Calendar: Macro Indicators & JGB Auction Preview (August 2026)
Source and citation context
- Report date
- August 28, 2026
- Analysis as of
- Not stated in source
Authors / editors: Shuji Tonouchi
Finvaulta summarizes Mitsubishi UFJ Morgan Stanley's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
MUMSS previews Japan's economic calendar for the week of August 31–September 4, 2026, featuring July Industrial Production, Retail Sales, and Household Expenditure data alongside 10-year and 30-year JGB auctions. They forecast preliminary July industrial production at -0.7% MoM and retail sales at +2.9% YoY.
Key Takeaways
- 1.Japan's July industrial production is projected to contract by 0.7% MoM after June's increase, though underlying AI-related demand remains solid.
- 2.Retail sales value is forecast to accelerate to +2.9% YoY in July driven by household appliances, though real-term consumption recovery remains gradual due to price pressures.
- 3.Key market events include the 10-year JGB auction (~¥2.6T) on September 1, a speech by BOJ Policy Board member Hajime Takata on September 2, and the 30-year JGB auction (~¥600B) on September 3.
Table of Contents
- Next Week's Economic Indicators
- Appendix A
Report data
Next Week's Economic Indicators
| Metric | Estimate | Context |
|---|---|---|
| Indices of Industrial Production (preliminary) | -0.7% | MUMSS forecast vs consensus -0.9% |
| Retail sales value | 2.9% | MUMSS forecast vs consensus +3.0% |
| New housing starts | 8.8% | MUMSS forecast vs consensus +9.0% |
| Real consumption expenditure (two-or-more-person households) | -1.5% | MUMSS forecast vs consensus -1.7% |
| 10yr JGB auction planned issuance | 2.6 JPY trillion | Planned issuance for September 1 auction |
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Authors / Editors
Reported Data Context
- Indices of Industrial Production (preliminary): -0.7 % (Jul 2026 est.) · Source: MUMSS
- Retail sales value: 2.9 % (Jul 2026 est.) · Source: MUMSS
- New housing starts: 8.8 % (Jul 2026 est.) · Source: MUMSS
- Real consumption expenditure (two-or-more-person households): -1.5 % (Jul 2026 est.) · Source: MUMSS
- 10yr JGB auction planned issuance: 2.6 JPY trillion (2026-09-01) · Source: MUMSS
Securities
Themes
Regions
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