ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Japan's economy is contracting, 90% of economists say in survey

Coronavirus pandemic final blow after U.S.-China trade war and sales tax hike

The coronavirus pandemic is the final blow to Japan's economy after the U.S.-China trade war and sales tax hikes. The country's post-2012 economic recovery has passed its peak, according to 90% of top private-sector economists surveyed by the Japan Center for Economic Research. (Photo by Makoto Okada)

TOKYO -- Japan's post-2012 economic recovery has passed its peak, according to 90% of top private-sector economists surveyed by the Japan Center for Economic Research.

The domestic economy, which entered a long recovery phase in December 2012, began hitting turbulence last year: the U.S.-China trade war and the consumption tax hike in October, to 10% from 8%. The survey suggests economists now see the coronavirus as the final blow to the long recovery.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more