ASEAN+3 Macroeconomic Research Office

About Us
Established in 2011 by ASEAN+3 Finance Ministers, the ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization that aims to contribute to the macroeconomic and financial resilience and stability in the ASEAN+3 region. Read more

Who We Are

Mission and Vision

Organization

History and Milestones

Annual Reports

AMRO Factsheet

AMRO Agreement

What We Do

Surveillance

Regional Financing Arrangements (RFA)

Technical Assistance

Regional Knowledge Hub

ASEAN+3 Finance Process
Publications
AMRO’s publications aim to identify risks to economic growth and stability and to prescribe policies to address those risks. Read more

ASEAN+3 Regional Economic Outlook (AREO)

ASEAN+3 Financial Stability Report (AFSR)

Annual Consultation Reports

Policy Position Papers

AMRO History Book

Working Papers

Analytical Notes

Market Insights

Policy Perspectives

Other Research

Topics

Authors
Blogs
Read the commentaries and opinion pieces by AMRO staff and officials on pressing economic and policy issues. Read more

Topics

Authors
Data
Databases

Tools
News
Get the latest updates on ASEAN+3 macroeconomic and financial developments and learn more about AMRO's activities Read more

Press Releases

Videos

Events

AMRO LIVE

Speeches

Interviews

Newsletters

Courtesy Visits

Infographics

Presentations
Member Economies
AMRO’s member economies comprise the 10 member states of the Association of Southeast Asian Nations (ASEAN), and China; Hong Kong, China; Japan; and Korea. Read more

Brunei Darussalam

Cambodia

China

Hong Kong, China

Indonesia

Japan

Korea

Lao PDR

Malaysia

Myanmar

Philippines

Singapore

Thailand

Vietnam
Work With Us
Work with AMRO to contribute to the macroeconomic and financial resilience and stability of the ASEAN+3 region. Read more

Full Time Positions

Consultancies

Procurement Opportunities
Regional Knowledge Hub
ASEAN+3 Finance Process

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Annual Consultation Reports

AMRO’s 2024 Annual Consultation Report on Japan

March 4, 2025

Aruhan Rui Shi, Koon Hui Tee, Paolo Hernando, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Shunsuke Endo, Wee Chian Koh

The Japanese economy is projected to grow at 1.3 percent in 2025. While inflation has eased, it is expected to remain above the Bank of Japan’s target.