Business Monitor International


Japan Infrastructure Report

Published 12 May 2014

  • 109 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: We believe the ongoing decline in Japan's construction growth could be a sign that the economic stimulus implemented by the government in 2013 is already starting to wear off. We have long highlighted that these stimulus measures would need to be accompanied by structural reforms in order to have positive long-term effects, but progress with these reforms remains limited. In particular, we note that rising constraints from within Prime Minister Shinzo Abe's Liberal Democratic Party (LDP) and its coalition partner New Komeito will likely prevent the highly touted 'Third Arrow' from having a major impact on the economy. Along with Japan's serious, long-term fiscal problems, it will be difficult for the government to carry out the necessary reforms that could lift long-term construction and infrastructure demand. 

Key Trends And Developments

On June 27, the Japanese government launched the tender for the right to operate facilities at the Sendai Airport, in the city of Natori, Miyagi Prefecture. The tender is managed by the Ministry of Land, Infrastructure, Transport and Tourism and is the first public-private-partnership (PPP) infrastructure tender since Japanese Prime Minister Shinzo Abe was elected into office in December 2012. The airport concession is to initially have a tenure of 30 years, with an option to extend to a maximum of 65 years. The concession is expected to be awarded by end- 2015. The launch of the operating tender is a positive step for the outlook of Japan's infrastructure sector as it could reduce government expenditure on existing assets, generate additional funds for fixed asset investment and increase the competitiveness of the country's infrastructure market.

A consortium comprising Japanese firms Itochu Corporation, Kyudenko Corporation and Mitsui  Engineering & Ship Building will construct a 45MW solar park on Kyushu Island, south-western Japan. Itochu will own a 50% stake in the joint venture, while the remaining 30%...

Table of Contents

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 2012-2017)
10
Table: Construction And Infrastructure Industry Data (Japan 2018-2023)
11
Transport Infrastructure - Outlook And Overview
19
Table: Transport Infrastructure Industry Data (Japan 2012-2017)
19
Table: Transport Infrastructure Industry Data (Japan 2018-2023)
20
Table: Competitiveness Of Japan's Infrastructure
22
Major Projects Table - Transport
29
Table: Major Projects - Transport
29
Energy And Utilities Infrastructure - Outlook And Overview
30
Table: Energy And Utilities Infrastructure Data (Japan 2012-2017)
30
Table: Energy And Utilities Infrastructure Data (Japan 2018-2023)
31
Table: Fact Box: Proposed Changes In Fourth Basic Energy Plan
33
Table: Factbox: Nuclear Restart Applications
41
Major Projects Table - Energy & Utilities
49
Table: Major Projects - Energy & Utilities
49
Residential/Non-Residential Building - Outlook And Overview
55
Table: Residential and Non-Residential Building Industry Data (Japan 2012-2017)
55
Table: Residential and Non-Residential Building Industry Data (Japan 2018-2023)
55
Table: Japan - Public Housing Plan For Disaster-Hit Victims, Units
57
Table: Japan - Status Of Land Acquisition For Mass Relocation Projects
57
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
64
Table: Major Projects - Residential/Non-Residential and Social Infrastructure
64
Industry Risk/Reward Ratings
65
Japan - Infrastructure Risk/Reward Ratings
65
Rewards
65
Risks
66
Asia Pacific - Infrastructure Risk/Reward Ratings
67
Developed Markets: Favoured
68
Giants Of Asia: Rewards Sizeable, Risks Sizeable
70
South East Asia: Political Risks Rises
72
Table: Asia Pacific Infrastructure Risk Reward Ratings
75
Market Overview
76
Competitive Landscape
76
Table: EQS
77
Company Profile
79
Kajima
79
J-Power
83
Taisei
88
Global Infrastructure Overview
93
Middle East/North Africa Presents Strongest Investment Profile
93
Methodology
99
Industry Forecast Methodology
99
Sector-Specific Methodology
100
Risk/Reward Rating Methodology
104
Sector-Specific Methodology
105
Table: Infrastructure Risk/Reward Rating Indicators
105
Table: Weighting Of Indicators
106

The Japan Infrastructure Report features Business Monitor International (BMI)'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 multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

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 & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

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 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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc