ASEAN+3 Macroeconomic Research Office

Press Releases

ASEAN+3 Policymakers Should Rebuild Policy Space and Address Long-term Challenges Amid Positive Outlook

April 8, 2024

The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.

Videos

Watch Spotlight on Japan: Highlights from the 2023 Annual Consultation Report

March 8, 2024

Watch the highlights of AMRO’s 2023 Annual Consultation Report on Japan.

Press Releases

Japan: Timely Normalization of Fiscal and Monetary Policy Needed to Manage Inflation and Fiscal Risks

March 7, 2024

The Japanese economy is forecast to grow at a steady pace of 1.1 percent in 2024 after a strong recovery of 1.9 percent in 2023.

Annual Consultation Reports

AMRO’s 2023 Annual Consultation Report on Japan

March 7, 2024

Fujiii Akifumi, Jae Young Lee, Jinho Choi, Jungsung Kim, Paolo Hernando, Runchana Pongsaparn, Wee Chian Koh, Zin Zin Mar Han

The Japanese economy is forecast to grow at a steady pace of 1.1 percent in 2024 after a strong recovery of 1.9 percent in 2023.The Japanese economy is forecast to grow at a steady pace of 1.1 percent in 2024 after a strong recovery of 1.9 percent in 2023.

Press Releases

Japan: Recalibrating Policy Mix to Tackle Post-Pandemic Challenges and Contain High Inflation

November 17, 2023

The Japanese economy is projected to grow by 1.9 percent in 2023 and 1.1 percent in 2024.

Blogs

BOJ Will Need to Be More Flexible Given Inflation Uncertainties

August 10, 2023

Jae Young Lee, Jinho Choi

Inflation has made a comeback in Japan, with the CPI surging as high as 4.3% this year, a level unseen for three decades. What should the BOJ do to strike a balance between stimulating economic growth and ensuring price stability?

Blogs

How Japanese Banks Can Better Manage Foreign Currency Funding Risks

April 21, 2023

Trung Thanh Vu

In March 2020, Japanese banks experienced stress in their U.S. dollar funding due to a liquidity crunch in the U.S. dollar funding market.

Blogs

Rising to the Occasion: Is Japan Poised for Historic Wage Increase?

March 24, 2023

Kana Yoshioka

With global inflation at levels not seen since the 1970s, wage developments have taken on greater significance.

Blogs

Japan Tackles Climate-related Transition Risks

March 17, 2023

Sota Nejime

In accordance with the Paris Agreement, the Japanese government pledged to cut greenhouse gas (GHG) emissions by 46% by 2030 and achieve carbon neutrality by 2050.

Videos

Watch Japan: Addressing Challenges through More Flexible Monetary Policy and Fiscal Prudence

February 23, 2023

Watch the highlights of AMRO’s 2022 Annual Consultation Report on Japan. The Japanese economy is forecast to grow by 1.2% in 2023 after a moderate 1.1% recovery in 2022. Private…

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