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Long Term Long-Term Economic Forecast (2019-2060)

US and China Rival in GDP while Japan Ranks Fifth in 2060

Sumio SARUYAMA
  Lead Economist
Kengo TAHARA
  Principal Economist
Tatsuo KOBAYASHI
  Principal Economist
Kentaro INOMATA
  Senior Economist
Kazumasa IWATA
  President

2019/07/26

This is a summary of JCER’s long-term economic forecasts through 2060, which was released in Japanese in June 2019.

Key points:

  • Intangible assets are the source of growth while the population may shrink and age.
  • Sharing digital data is key to a healthy competition.
  • Leaving income inequality unaddressed intensifies protectionism, which can cause “a great stagnation”.

GDP (in 2014 US$) of major countries through 2060

2020/01/24

2060 Digital & Global Economy

Economic Forecast 2019-2060

Sumio SARUYAMAKengo TAHARA

2019/10/10

Energy tax based on CO2 emissions — Reduce emissions by 10% without negative economic impact

Practical first step in introducing carbon tax

Long-Term Forecast and Policy Proposal

2019/07/26

US and China Rival in GDP while Japan Ranks Fifth in 2060

Long-Term Economic Forecast 2019-2060

Sumio SARUYAMAKengo TAHARATatsuo KOBAYASHIKentaro INOMATAKazumasa IWATA

2019/05/27

60% reduction in Greenhouse Gas driven by Digital transformation of Economy

- 10,000-yen Carbon tax for an 80% Reduction by 2050
- Extensive Carbon Capture and Storage Necessary for Zero Emissions

Long-Term Forecast and Policy Proposal

2007/01/17

Demographic Change and the Asian Economy

Long-term Forecast of Global Economy and Population 2006-2050

2006-2050

Research Director:Takao KOMINE/ Assistant Director:Shigesaburo Kabe (Senior Economist)