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Country Economic Forecasts > Japan

  • March 2017
  • -
  • Oxford Economics
  • -
  • 14 pages


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The JPY/USD is forecast to depreciate to 121.5 by end-2018, which will help an ongoing recovery in exports during the next two years. Moreover, fiscal and monetary policy will remain supportive, with government infrastructure spending set to rise and cash handouts and solid employment to underpin a modest recovery in household consumption. We forecast GDP to grow by 1.3% pa in 2017 and 2018, with domestic demand set to become an increasing driver of growth.

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