Japan’s post-COVID economy
- DX acceleration is a path to green growth - Growth strategy under decarbonization constraints
2021/04/07
The spread of the novel coronavirus has had a significant impact on economies and societies worldwide. Japan, which already faces structural problems such as population decline and aging, is now facing additional economic constraints following Prime Minister Yoshihide Suga’s declaration that the country will decarbonize. Digital transformation (DX) of society is the key to maintaining growth in such a scenario. The 47th medium-term economic forecast explores the path to green growth through DX.
Fig. Positive growth rate will be maintained only under the reform scenario
Source: Cabinet Office “Annual Report on National Accounts” forecasted by JCER after FY2020.
- 2022/06/01
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Japan’s economy after Russian invasion of Ukraine
- Soaring resource prices, risk of zero growth in the mid-2020s - Tighter sanctions may cause negative growth - DX effective for both countering high resource prices and for improving productivity in medical and long-term care
Economic Forecast 48th FY2021-FY2035
- 2021/04/07
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Japan’s post-COVID economy
- DX acceleration is a path to green growth - Growth strategy under decarbonization constraints
Economic Forecast 47th FY2020-FY2035
- 2020/08/11
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Economy before and after the Coronavirus Crisis
- Real GDP level will fall by 2% due to rapid expansion of debt - Prolonged virus outbreak and intensified international friction will result in “nightmare scenario”
Economic Forecast 47th FY2020-FY2035
- 2019/04/25
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Toward Human Capital Investment to Support Domestic Demand
~The Key to Growth in a Shrinking Economy~
Medium-Term Economic Forecast 45th FY2018-FY2030
- 2018/11/29
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Investments Shift to Support Domestic Demand
- During an “Economic War of Attrition”-
Medium-Term Economic Forecast 45th FY2018-FY2030