Much of our recent coverage of the Japanese economy has been distinctly gloomy, summed up in our forecast that GDP will fall outright this year. This view has been supported by the recent activity data. Nonetheless, with the holiday spirit in mind, it is also worth acknowledging two positives: asset prices have held up pretty well in the wake of the Great East Japan Earthquake, while inflation has failed to spike higher as some had feared.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services