Monitor JN Housing Starts y/y to gauge economic health through construction impacts on jobs and services.
This is a crucial economic indicator as building construction generates widespread economic impact. For instance, it creates jobs for construction workers, requires subcontractors and inspectors, and leads to the purchase of various construction-related services by builders.
What it Measures
The change in the number of new residential buildings that have started construction.
Usual Effect
A higher 'Actual' than 'Forecast' is beneficial for the currency.
Source & Frequency
MLIT (latest release) - https://www.mlit.go.jp/en/index.html • Released monthly, approximately 30 days after the conclusion of the month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
Ministry of Land, Infrastructure, Transport, and Tourism (MILT)