The Japanese economy will improve in 2021. Assuming the vaccination programme is successful and the Coronavirus (COVID-19) pandemic remains contained, domestic demand should return in 2021, driving the economy. The export sector should also increase as global demand returns. The delayed 2020 Olympic Games will be held in the summer of 2021. Growth of real GDP will be 3.0% in 2022 and will gradually reach around 3.5% annually by 2028.
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