After nearly a decade of unconventional monetary easing and negative interest rates, Japan is now moving towards policy normalization and revitalizing its economic growth. In a carefully planned series of actions earlier this year, officials appear ready to leave behind the country’s 25-year struggle with deflation, aiming to create a positive cycle of rising incomes, increased spending, and stable price growth.
These developments are being closely monitored worldwide. As the world’s fourth-largest economy, valued at nearly US$7 trillion in purchasing power parity (PPP), Japan plays a central role in global innovation and design, while also being a key player in Asia’s complex geopolitical and security dynamics. Additionally, Japan holds significant positions in both the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP).
Learn more here: https://www.edc.ca/en/trade-matters/japan-opportunities-for-canadian-business.html
