Works - NOMURA Koji

Monthly GDP Growth (JMGDP_202409)

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.10

, 

Database science, Joint

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JMGDP is a monthly GDP estimate for Japan developed and published by the Nomura Lab at the Keio Economic Observatory (KEO), Keio University. It features a production-side approach across 36 industries with double-deflation-based value-added estimation, offering a perspective on economic conditions distinct from the expenditure-based official statistics. Estimates are released around the end of each month with an approximate one-month lag behind the reference period, and have been published continuously since October 2022. A quarterly counterpart, JQGDP, is also available, enabling direct comparison with the Cabinet Office's JSNA quarterly estimates.
Update the estimates until August 2024.


Energy Cost Monitoring for Japan (ECM_JPN_202408a)

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.09

, 

Database science, Joint

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ECM_JPN_202408aは、EITE推計値の7月値までの更新と、四半期RUEC指標の国際比較の日本語版（第8節全体）の公表を開始。

Bhutanese Productivity Accounts 1990–2022 (2024 BTPA)

Koji Nomura and Sho Inaba

United Nations Economic and Social Commission for Asia and the Pacific, 

2024.09

-

2024.12

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Database science, Joint

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Reffer to Nomura (2025) Hydropower-Led Economic Growth in Bhutan: Development of Industry-Level Productivity Account, 1990–2022, for the details of BTPA 2024.

Energy Cost Monitoring for Japan (ECM_JPN_202408)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Nomura Lab at Keio Economic Observatory, 

2024.08

, 

Database science, Joint

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ECM_JPN_202408は、ECM推計値の7月値までの更新と、予測値の2025年6月までの公表を開始。なお、前回推計値にあった2024年4月–5月の電力価格指数におけるミス訂正と、U.S. EIA Short-term Energy Outlookでの化石燃料価格予測値の改訂により、ECM推計値は下方改訂されている。

Multilateral Energy Cost Monitoring (ECM_202408)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Keio Economic Observatory, Keio University, 

2024.08

, 

Database science, Joint

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The PLI (price level index) is estimated through May 2024, RUEC (real unit energy cost) through Q1 2024 (forecast is through Q4 2024), and the EITE (energy-intensive trade-exposed) output index through June 2024.

PLI/RUEC covers seven countries (Japan, China, South Korea, the U.S., the UK, Germany, and France) and EITE covers four countries (Japan, China, the U.S., and Germany).

Quarterly GDP Growth (JQGDP_2024Q2) Second Estimate

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.08

, 

Database science, Joint

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JQGDP_2024Q2 is the first estimate (released 7/31) and the second estimate (released 8/30) of the Q2 2024 GDP estimate.

Monthly GDP Growth (JMGDP_202408)

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.08

, 

Database science, Joint

　View Details

JMGDP is a monthly GDP estimate for Japan developed and published by the Nomura Lab at the Keio Economic Observatory (KEO), Keio University. It features a production-side approach across 36 industries with double-deflation-based value-added estimation, offering a perspective on economic conditions distinct from the expenditure-based official statistics. Estimates are released around the end of each month with an approximate one-month lag behind the reference period, and have been published continuously since October 2022. A quarterly counterpart, JQGDP, is also available, enabling direct comparison with the Cabinet Office's JSNA quarterly estimates.
Update the estimates until July 2024.


Energy Cost Monitoring for Japan (ECM_JPN_202407a)

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.08

, 

Database science, Joint

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ECM_JPN_202407a publishes updated EITE production indices up to June values, as well as new EITE import index and EITE import-output ratio index for Japan and Germany.

Multilateral Energy Cost Monitoring (ECM_202407)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Keio Economic Observatory, Keio University, 

2024.08

, 

Database science, Joint

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The PLI (price level index) is estimated through April 2024, RUEC (real unit energy cost) through Q1 2024 (forecast is through Q4 2024), and the EITE (energy-intensive trade-exposed) output index through May 2024. PLI/RUEC covers seven countries (Japan, China, South Korea, the U.S., the UK, Germany, and France) and EITE covers four countries (Japan, China, the U.S., and Germany).

Energy Cost Monitoring for Japan (ECM_JPN_202407)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Nomura Lab at Keio Economic Observatory, 

2024.08

, 

Database science, Joint

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ECM_JPN_202407 begins publishing China's EITE Manufacturing Production Index and EITE Sectoral Production.

Quarterly GDP Growth (JQGDP_2024Q2) First Estimate

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.07

, 

Database science, Joint

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JQGDP_2024Q2 is the first estimate (released 7/31) and the second estimate (released 8/30) of the Q2 2024 GDP estimate.

Monthly GDP Growth (JMGDP_202407)

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.07

, 

Database science, Joint

　View Details

JMGDP is a monthly GDP estimate for Japan developed and published by the Nomura Lab at the Keio Economic Observatory (KEO), Keio University. It features a production-side approach across 36 industries with double-deflation-based value-added estimation, offering a perspective on economic conditions distinct from the expenditure-based official statistics. Estimates are released around the end of each month with an approximate one-month lag behind the reference period, and have been published continuously since October 2022. A quarterly counterpart, JQGDP, is also available, enabling direct comparison with the Cabinet Office's JSNA quarterly estimates.
Update the estimates until June 2024.


Multilateral Energy Cost Monitoring (ECM_202406)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Keio Economic Observatory, Keio University, 

2024.07

, 

Database science, Joint

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The PLI (price level index) is estimated through March 2024, RUEC (real unit energy cost) through Q1 2024 (forecast is through Q4 2024), and the EITE (energy-intensive trade-exposed) output index through May 2024. PLI/RUEC covers seven countries (Japan, China, South Korea, the U.S., the UK, Germany, and France) and EITE covers four countries (Japan, China, the U.S., and Germany).

Energy Cost Monitoring for Japan (ECM_JPN_202406b)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Nomura Lab at Keio Economic Observatory, 

2024.07

, 

Database science, Joint

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ECM_JPN_202406b started the mid-month update of the EITE manufacturing production index (earlier publication of the EITE index) (this time updated to the May estimate) and also started the publication of EITE sectoral production.

Energy Cost Monitoring for Japan (ECM_JPN_202406a)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Nomura Lab at Keio Economic Observatory, 

2024.07

, 

Database science, Joint

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ECM_JPN_202406a revises its quarterly benchmark estimates of nominal and real GDP in line with the release (July 1, 2024) of the JSNA 2nd Preliminary Report (revised figures) due to the retroactive revision of the Ministry of Land, Infrastructure, Transport and Tourism's "General Construction Statistics".

Monthly GDP Growth (JMGDP_202406a)

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.07

, 

Database science, Joint

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JMGDP_202406aでは、国土交通省「建設総合統計」の遡及改定によるJSNA2次速報(改定値)の公表（2024年7月1日）に伴い、その名目・実質GDPの四半期ベンチマーク推計値の改訂を行っている。測定期間は2024年5月まで。

Quarterly GDP Growth (JQGDP_2024Q1a)

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.07

, 

Database science, Joint

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JQGDP_2024Q1a（2次予測）では、国土交通省「建設総合統計」（2024年6月25日公表）の遡及改定に伴い、JSNA2次速報(改定値)（2024年7月1日公表）と同様な名目・実質GDPの改訂を行っている。

Energy Cost Monitoring for Japan (ECM_JPN_202406)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Nomura Lab at Keio Economic Observatory, 

2024.06

, 

Database science, Joint

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測定期間は2024年5月まで。米国のEITE（エネルギー多消費）製造業の生産推移に関する速報推計値の公表を開始。

Monthly GDP Growth (JMGDP_202406)

Koji Nomura and Sho Inaba

Nomura Lab at Keio Economic Observatory, 

2024.06

, 

Database science, Joint

　View Details

Update the estimates until May 2024.

Energy Cost Monitoring for Japan (ECM_JPN_202405a)

Koji Nomura, Sho Inaba, and Mansaku Yoshida

Nomura Lab at Keio Economic Observatory, 

2024.06

, 

Database science, Joint

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測定期間は2024年4月まで。ECM_JPN_202405aでは、日独のEITE（エネルギー多消費）製造業の生産推移に関する速報推計値の公表を開始した。