Analysis by Region - Asia Pacific - Japan

Analysis by Region - Asia Pacific - Japan

We've maintained our 2023 GDP growth forecast for Japan at 0.9%, following a 1.5% expansion in 2022. We believe that pent-up demand and easing supply chain disruptions will continue to support the economy. However, the recovery will pause in H1 2023 due to the increasingly sluggish external environment, as suggested by some leading indicators.


Japan: External headwinds will limit growth in 2023
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Economic policy

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