In 2022, the global economy will likely decelerate moderately into midyear in response to a confluence of headwinds, including China’s Evergrande default woes and crude oil price inflation. The Japanese economy should resume growing, though a strong rebound in consumption driven by revenge spending looks unlikely. In its postpandemic economic policy, Japan should prioritize structural reform and growth strategy over wage increases and redistributive policies.

Download (554KB)

About the Author

• 

  Takahide Kiuchi

  Executive Economist

  Financial Technology Solution Division