The Impact Of Covid 19 On Japan S Economic Outlook
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The Impact Of Covid 19 On Japan S Economic Outlook
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Author : Panagiotis Tsigaris
language : en
Publisher:
Release Date : 2023
The Impact Of Covid 19 On Japan S Economic Outlook written by Panagiotis Tsigaris and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
For about three decades, the Japanese economy suffered a prolonged phase of economic stagnation but may have started, in late 2019, to emerge from this state with the implementation of Abenomics in late 2012 or early 2013. Abenomics consisted of “three arrows”, namely aggressive monetary policy, flexible fiscal policy, and growth strategy based on structural reforms. However, due to COVID-19, Japan's GDP decreased by 4.5% in 2020 from 0.7% in 2019. The economy increased by 1.7% in 2021, had stagnated at 1.4% in 2022, and is expected to slow down to 1.1% in 2023, and to 0.9% in 2024 (IMF Jan 2023 forecasts). IMF's January 2023 report is based on inflation peaking with low growth due to rising interest rates. In January 2021, a year into the COVID-19 period, IMF was hopeful, predicting a V-shaped growth pattern of 3.1% for 2021 and 2.4% for 2022 due to policy stimulus and the availability of vaccines. However, this did not materialize due to various geopolitical and economic shocks. The economic costs of the COVID-19 pandemic relative to its absence are estimated to be at least US$1.45 trillion (¥194.7 trillion) until 2030 under a continued low economic growth future path. The great economic stagnation that started in the early 1990s could potentially continue until the end of this decade. Moreover, the estimated US$1.45 trillion economic loss is equivalent to the erasure of 35% of GDP produced in 2019 during the Abenomics era.
Special Issue On The Impacts Of Covid 19 On The Japanese Economy
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Author : Yasushi Iwamoto
language : en
Publisher:
Release Date : 2021
Special Issue On The Impacts Of Covid 19 On The Japanese Economy written by Yasushi Iwamoto and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
The Japanese Economy In Review
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Author : Japan. Gaimushō. Jōhō Bunkakyoku
language : en
Publisher:
Release Date : 1968
The Japanese Economy In Review written by Japan. Gaimushō. Jōhō Bunkakyoku and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with Japan categories.
Japan S Economic Outlook
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Author : Thomas Arthur Bisson
language : en
Publisher:
Release Date : 1939
Japan S Economic Outlook written by Thomas Arthur Bisson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1939 with Finance categories.
Policy Advice To Asia In The Covid 19 Era
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Author : Changyong Rhee
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-05
Policy Advice To Asia In The Covid 19 Era written by Changyong Rhee and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-05 with Health & Fitness categories.
The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.
Economic Outlook For Southeast Asia China And India 2021 Reallocating Resources For Digitalisation
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2021-02-04
Economic Outlook For Southeast Asia China And India 2021 Reallocating Resources For Digitalisation written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-04 with categories.
The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services.
Post 2020 Climate Action
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Author : Shinichiro Fujimori
language : en
Publisher: Springer
Release Date : 2017-09-16
Post 2020 Climate Action written by Shinichiro Fujimori and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-16 with Science categories.
This book summarizes assessments of the Paris Agreement to provide an excellent introduction to this research field. The AIM/CGE (Asia-Pacific Integrated Modeling /Computable General Equilibrium) model, which is the core of AIM modeling framework, is used for the assessment. The first part focuses on global issues, presenting both short-term (a few decades) and long-term (century scale) assessments in the context of the Agreement’s ultimate climate goal. It also discusses policy implementation and climate risk. Part 2 is a collection of assessments of individual Asian countries, providing insights into the national situations and detailed analyses. It includes contributions from Asian countries as well as NIES (National Institute for Environmental Studies, Japan) members. The main conclusion is that many countries require changes to their energy systems change and societal transformation in order to meet emissions targets. Part 3 describes in detail the AIM/CGE model, which is used to evaluate the climate and energy policies by simulating the future economic and energy and environmental situation in the Asia-Pacific region. This section can be used as a standard text on CGE modelling in climate change mitigation.
Asian Development Outlook 2020
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2020-04-01
Asian Development Outlook 2020 written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-01 with Business & Economics categories.
After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region’s largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region reeling under massive economic shocks and financial turmoil. Across Asia, the authorities are responding with policies to contain the outbreak, facilitate medical interventions, and support vulnerable businesses and households. Assuming that the outbreak is contained this year, growth is expected to recover in 2021. Especially to face down fundamental threats such as the current medical emergency, innovation is critical to growth and development. As some economies in developing Asia challenge the innovation frontier, many others lag. More and better innovation is needed in the region to sustain growth that is more inclusive and environmentally sustainable. Five key drivers of innovation are sound education, productive entrepreneurship, high-quality institutions, efficient financial systems, and dynamic cities that excite knowledge exchange. The journey to creating an innovative society takes long-term commitment and hard work.
Policy Uncertainty In Japan
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Author : Ms.Elif C Arbatli
language : en
Publisher: International Monetary Fund
Release Date : 2017-05-30
Policy Uncertainty In Japan written by Ms.Elif C Arbatli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-30 with Business & Economics categories.
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.
Global Economic Prospects June 2021
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2021-08-03
Global Economic Prospects June 2021 written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-03 with Business & Economics categories.
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
