Industry - Country Industry Forecasts - Japan
The industrial production outlook in 2024 for Japan remains poor, with output forecast to contract by 1.2% in 2024, a 1.4ppt downwards revision from our previous forecast. This reflects sluggish domestic demand, particularly in consumption, which was varied in Q1. The long-term outlook continues to face headwinds of a declining and ageing population, whilst the short-term outlook reflects the weak external environment.
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