Global NewsJapan’s Economy May Be Near Inflection Point

Japan’s Economy May Be Near Inflection Point

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Japan’s economy may be reaching an inflection point after over two decades of sluggish growth and low inflation, Dong Chen, head of Asia macroeconomic research at Pictet Wealth Management, writes in a note. External shocks due to the pandemic and the Russia-Ukraine war may support a more sustained inflation outlook, and Japan could also benefit from the continuing supply-chain reshuffling against the backdrop of rising U.S.-China tensions, given its status as a U.S. ally and its strength in some high-tech sectors, Chen writes. Japanese corporate profits have grown since the mid-2010s, while labor productivity is improving,…

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