Following years of subdued growth, the Japanese economy registered a good rebound in 2021 with a real GDP growth of 2.1%. The country’s reopening and boost to household consumption and consumer spending are key factors which supported 2022’s estimated 1.1% growth. However, soaring energy and food prices have weighed on Japan’s fiscal health as the government absorbed the price shocks through subsidy support.
• This Japan-centric macroeconomic thought leadership provides a growth snapshot of the country through the identification of growth conditions.
• A $200 billion fiscal support package has also been announced with aims to drive demand and investment momentum in 2023.
• A key feature of this piece is the focus on Japan’s social scenario, and how businesses can leverage long-term developments and policy reforms to drive sustainable investment opportunities in the healthcare and allied sectors.
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