Japan
The consumer will lead a very modest recovery in Japan
Japan’s GDP contracted in January-March with consumption, investment and net trade all declining
JapanPressure on Japan’s prime minister will mount
The ruling party incurred significant losses at recent by-elections
JapanEast Asian trilateral summit will ease tensions
Reports indicate that Japan, China and South Korea will hold a summit at the end of May
East AsiaTourism to Japan will increase
Depreciation of the yen has contributed to a post-pandemic surge in tourism to Japan
JapanEast Asian manufacturing and trade to pick up modestly
Japan’s March industrial output picked up and China’s April manufacturing PMI was solid, but its services PMI slowed
East AsiaBy-election results will weaken Japan’s government
By-elections have seen the ruling party lose seats, including in a stronghold
JapanSteady but small Japanese rate rises are likely
The Bank of Japan (BoJ) left monetary policy unchanged but is ready to act again
JapanJapan’s wage hikes will expand income gaps
Annual ‘shunto’ negotiations have yielded a record wage increase
Japan
