Japan Chart Pack Next PM will benefit from vaccine booster The race to become the new LDP leader – and with it PM – formally began on Friday. With Delta cases plunging and the vaccination rate having caught up with many other advanced economies, whoever wins... 20th September 2021 · 11 mins read
Japan Chart Pack Strong Q4 still on the cards With daily cases surging to unprecedented levels and states of emergency extended to mid-September this week, there may not seem to be much light at the end of the tunnel for Japan’s economy. However... 20th August 2021 · 10 mins read
Japan Chart Pack Vaccines should limit Delta damage While infections are now rising sharply nationwide – particularly in Tokyo where the Delta variant has the strongest hold – most of the vulnerable population are now fully vaccinated so we doubt... 22nd July 2021 · 10 mins read
Japan Chart Pack Vaccine bounce not too far away Japan’s now fast-moving vaccine rollout is set to gather more speed. PM Suga’s one-million-a-day goal could be hit on a 7-day average basis as soon as tomorrow. 18-to-64-year-olds have from today been... 16th June 2021 · 10 mins read
Japan Chart Pack Nationwide state of emergency touch and go Off the back of the weak Q1 GDP data, we now expect output to only rise 2% across 2021. The economy is unlikely to recover much in Q2 as cases are close to record highs and calls for a nationwide... 19th May 2021 · 10 mins read
Japan Chart Pack Osaka emergency to knock recovery back again Tokyo, Hyogo and Kyoto are soon expected to join Osaka in asking the central government to declare a third state of emergency. While together those four prefectures only generate a third of national... 21st April 2021 · 10 mins read
Japan Chart Pack Entering Q2 on a stronger footing With mobility rebounding and the state of emergency finally being lifted across all prefectures this weekend, economic activity should enter Q2 with some momentum. While the second state of emergency... 18th March 2021 · 10 mins read
Japan Chart Pack GDP will soon be back at pre-virus path The strong rise in output in Q4 2020 to just 1.2% below Q4 2019 levels bolsters our view that Japan’s economy will be back to the level it reached before the tax hike and close to its pre-virus path... 22nd February 2021 · 10 mins read
Japan Chart Pack Falling virus cases an upside risk this quarter Our forecast for a 1.5% q/q fall in consumption in Q1 rests on the assumption that some businesses in virus hotspots will be forced to close in order to contain Japan’s most severe wave of the... 20th January 2021 · 10 mins read
Japan Chart Pack Go To Travel suspension will weigh on consumption PM Suga’s decision on Tuesday to halt the Go To Travel campaign for two weeks from 28th December may put the recovery in services spending into temporary reverse. It comes after authorities in Tokyo... 17th December 2020 · 10 mins read
Japan Chart Pack Only light-touch restrictions on horizon for now Japan is in the midst of a third wave of COVID-19. Daily infections have already reached their previous early-August peak. Only the Hokkaido Government has responded with countermeasures so far... 17th November 2020 · 10 mins read
Japan Chart Pack Rising labour costs to prevent slump in inflation Inflation has held up better than we had anticipated in recent months. The surge in spare capacity suggests that it could weaken more sharply as social distancing measures are relaxed. But we only... 12th October 2020 · 10 mins read
Japan Chart Pack Boost from fiscal support yet to be fully felt The government has issued ¥95tn in government securities since the start of the current fiscal year in April, equivalent to a huge 17% of pre-virus GDP. It intends to issue another ¥35tn by March... 17th September 2020 · 10 mins read
Japan Chart Pack Second wave not capsizing the economy Despite the reintroduction of states of emergency in some prefectures, and renewed calls for jishuku (“self-restraint”) in many others, the steps taken by local authorities to curb the “second wave”... 13th August 2020 · 11 mins read
Japan Chart Pack Chances of localised lockdowns rising With coronavirus cases hitting record-highs in Tokyo and rising in other urban areas, the government announced on Monday that it plans to give local governments greater power to request business... 21st July 2020 · 11 mins read
Japan Chart Pack The long and winding road back to normality The recent spike in COVID-19 cases in Tokyo linked to nightlife establishments in Shinjuku underlines just how slow the road back to normality could be. Renewed outbreaks are likely to prevent a... 18th June 2020 · 11 mins read
