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Japan
Publication year - 2018
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12380
Subject(s) - economics , protectionism , investment (military) , momentum (technical analysis) , unemployment , consumption (sociology) , downside risk , international economics , international trade , monetary economics , macroeconomics , finance , social science , sociology , politics , political science , law , portfolio
Reasonable domestic momentum will support GDP growth of 1.1% in 2018 and 2019 as global trade softens. Low unemployment and a pick‐up in wage growth will bolster consumption and incentivise investment in labour‐saving technology. Meanwhile, firms continue to expand capacity and increase R&D expenditure for new technologies, boosting investment. In addition, the 2020 Tokyo Olympics are providing positive momentum. The most notable downside risk to the economic outlook is protectionism, which may weigh on trade via the Asian supply chain and undermine sentiment, possibly amplified by a slowdown in global growth.