The Japanese GDP annual growth rate in 2015 was 0.5%. Although exports and production were affected by the economic slow-down in emerging countries, the Japanese economy as a whole continued to recover slowly.
According to statistics from the Japan Refrigeration and Air Conditioning Industry Association (JRAIA), domestic shipments of RACs in 2015 reached a total of 8,104,248 units, down 4.7 % compared with 2014.
Affected by the negative growth of Japanese economy from January to April 2015, the total number of RAC shipments reached 2,044,643 units in the period, down 18.8% compared with the same period of the previous year, when ‘rush’ demand has occurred prior to the consumption tax increase in April 2014. From May 2015 onwards, sales indicated positive growth trend except a few months.