Impact of Global Trade Tensions on the Japanese Economy – Beyond Trade Spillover

Rising protectionism continues to threaten multilateralism and economic integration globally. As a key player in global trade, Japan has been feeling the impact of economic headwinds emanating from the escalation of the on-going U.S.-China trade tensions, particularly as it is entering into trade talks with the U.S. Although short-term downside risks are rising for Japan, its economy could benefit in the long run from a changing global production network as it is nimble and experienced in coping with global trade reconfigurations.

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Japanese Bank’s Rapid Expansion to ASEAN: Mutual Gains and Vulnerabilities

Over the past decade, the ASEAN region has been back on the radar of Japanese banks in their efforts to expand globally. While the relative size remains small, Japanese banks’ lending to ASEAN has grown the fastest, rising almost fourfold since 2009.

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A Tale of Two Sides of Easy Monetary Policy in Japan

Over the last 20 years, the Bank of Japan (BOJ) has come up with a series of unconventional monetary policy measures to fight against the country’s prolonged deflation. These include the Zero Interest Rate Policy in 1999, the Quantitative Easing (QE) policy in 2001 to increase money supply to financial markets, the Quantitative and Qualitative Monetary Easing (QQE) policy in 2013 that doubled the monetary base, and the Negative Interest Rate Policy (NIRP) in 2016.

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Japan: Moderate Growth and Inflation amid External Risks and Long-term Challenges

The Japanese economy is expected to maintain moderate growth around its potential amid headwinds from global trade conflicts and domestic structural challenges, according to the 2018 Annual Consultation Report on Japan published by the ASEAN+3 Macroeconomic Research Office (AMRO) today.

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Japan: Growth Gaining Traction with Moderate Inflation amid External Uncertainties and Structural Challenges

Abenomics has been successful in lifting the Japanese economy’s growth potential and inflation, while the policy framework needs to be reviewed and recalibrated to enhance its effectiveness to revitalize the economy.

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Japan: Higher Growth and Inflation Achieved, yet Challenges Remain to Sustain Strong Performance

SINGAPORE, April 3, 2018 – Abenomics has successfully raised both growth and inflation for Japan, while challenges remain in sustaining the strong performance in the medium-term. This is according to the…

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Japan: Economy Achieves Higher Growth and Inflation, but Policy Challenges Remain for Sustaining Strong Performance

Abenomics has successfully raised both growth and inflation for Japan, while challenges remain in sustaining the strong performance, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to the country from October 31 to November 10, 2017.

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