Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Japanese construction takes a dive

  • Comment

The value of construction orders in Japan has fallen for the first time this financial year

Official figures showed that 3.9 trillion Yen was spent on construction in August 2012.

This is down from 4.1trillion Yen in the previous month, representing the first time orders have dropped since April.

A six per cent drop in private sector construction spending was behind the dip.

The government continued to increase its investment in construction but this had a limited impact as its output is dwarfed by that of the private sector.

The Royal Institution of Chartered Surveyors has previously warned of an end to the construction boom in Japan in early 2013.

But it said the government would continue to invest in the sector in the short term.

RICS economist Andy Wu said: ‘The construction sector is likely to continue to be underpinned by higher activity in the public non-residential segment and an acceleration of public civil engineering projects in the near term.’

Overall construction orders remained well up on the same period last year.

Parts of Japan require major rebuilding following the devastating earthquake and tsunami of March 2011.


Subscribe to AJ for £3 per week

Subscribe today and receive 47 issues of the magazine, 12 issues of AJ Specification and full access to TheAJ.co.uk and the AJ Buildings Library

Are you a student?

Students can subscribe to the AJ for £8 per month or £1.60 per week! Click here to start receiving the most recommended magazine for architecture students

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs

AJ Jobs