BMI's Executive Summary

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The Japanese construction industry contributes over 6% to the nation's gross domestic product (GDP). Strictly pursued delivery times and quality systems in Japan constitute benchmarks for the global construction industry. BMI forecasts the industry to touch US$333.21bn in 2008, contributing nearly 6.20% to GDP.

Housing construction has been a revenue source in Japan, primarily because of the low average lifespan of dwellings. But the Japanese economy is now been driven by the surge in demand for goods, including construction machinery, from China. There is some renewed interest in industrial construction, with players like Sharp, Canon, Suzuki Motor and Fanuc building manufacturing facilities in Japan. Major infrastructure projects currently on the anvil in Japan include high-speed magnetic trains connecting Tokyo and Nagoya; the 300m tall commercial building in Osaka, and the NAND flash memory plant at Yokkaichi. Conversion of old buildings for new uses is also a fast-growing trend in the Japanese construction industry.

The Japanese government is under pressure to trim its infrastructure spend. On the other hand, a regulatory labyrinth and over promotion of 'special interest groups' make it difficult for foreign construction players to compete in Japan. This is against the backdrop of slackening domestic demand. Then again, a rapidly ageing population has serious implications for labour supply in the medium term, especially in the face a xenophobic aversion to the immigration option.

In the emerging situation, the Japanese construction industry is likely to post flat growth performance, with many players seeking projects overseas. BMI forecasts the construction industry to reach a value of US$328.23bn by 2012 and grow at an average rate of 1.40% during 2008-2012.

Contents

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Chapter 1 – Industry Trends And Developments

Market Overview

Japan's Economy In 2006–2007

Japan's Construction Industry In 2006–2007

Major Companies

Chapter 2 – Key Projects

Transport

Utilities

Hotel Construction

Commercial Construction

Table: Japan — Major Infrastructure Projects

Table: Japan — Major Infrastructure Projects (cont)

Chapter 3 – Business Environment Rankings

Introduction

Table: Asia Business Attractiveness Ranking

Business Attractiveness Rankings — Methodology

Regional Overview

Business Environment Ranking

Economics — Long–Term Risk

Politics — Long–Term Risk

Construction Growth

Competitive Environment

Anticipated Potential

Chapter 4 – SWOT Analysis

Japan Infrastructure Industry SWOT

Japan Economic SWOT

Japan Political SWOT

Chapter 5 – Industry Forecast Scenario

Risks

Table: Japan Infrastructure Forecast

Chapter 6 – Macroeconomic Outlook

Table: Japan – Macroeconomic Forecasts

Chapter 7 – Competitive Landscape

Table: Japan Infrastructure — Key Players

Chapter 8 – Company Monitor

Kajima Corporation

Taisei Corporation

Shimizu Corporation

Nishimatsu Construction Company

Chapter 9 – BMI Forecast Modelling

How We Generate Our Industry Forecasts

Construction Industry

Sources

Competitive Landscape for Asia Infrastructure Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by sales, % market share, employees, registration date and ownership structure. Company profiles include fully researched senior executives and contact details, business activity and leading products and services. SWOT (strengths, weaknesses, opportunities, threats) of the state’s business environment, infrastructure sector, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Network of Asian Infrastructure Sources

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BMI's Asian Infrastructure Reports are based on an extensive network of multilateral organisations, government departments, infrastructure industry associations, chambers of commerce and company reports. Information sources include: