Sumitomo Mitsui Financial Group 2021 Financial Overview
Residential land and condominiums *2
Residential land in all locations in Japan
Residential land in Tokyo
Condominium in Tokyo
Japanese economy
Real GDP growth rate (annualized QOQ change)"¹
(contribution, %)
30
20
10
220
Household sector
Net Exports
Private non-resi.investment
Public demand
Inventories
-Real GDP
150
140
130
120
0
(10)
(20)
(30)
110
100
90
80
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 123
2013 2014 2015 2016 2017 2018 2019 2020 2021
70
70
1 Indicators to measure progress out of deflation *3
CPI
(%)
4
excl. fresh food
excl. fresh food & energy
3
2
1
0
(1)
20082009201020112012201320142015201620172018201920202021
(%)
GDP deflator
GDP gap
O-Unit labor cost
8
4
0
(4)
(2)
12 34 12 34 12 34 12 34 12 34 12 34 12 34 12 34 123
2013 2014 2015 2016 2017 2018 2019 2020
2021
(8)
(12)
1 2 3 4 1 2 3 4123412341234123412341234123
2013 2014 2015 2016 2017 2018 2019 2020 2021
*1 Cabinet Office. Seasonally adjusted series. Household sector = Private consumption + Private residential investment,
Inventories = Change in private and public inventory, Public demand = Government consumption + Public investment
*2 Ministry of Land, Infrastructure, Transport and Tourism. Real Estate Economic Institute Co., Ltd.
Condominium in Tokyo is the first half of the year.
*3 Statistics Bureau, Cabinet Office and Ministry of Internal Affairs and Communications
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