MFAT Report: Japan: Economic Update – 2024 in review and prospects for 2025

2024 saw mixed results for the Japanese economy. Japan has narrowed its trade deficit, and a record number of foreign tourists visited Japan. Japanese business profits look set to hit record highs for a fifth consecutive year and the stock market is at an all-time high. Interest rates are rising, and inflation is within the Bank of Japan’s target range, with the core consumer price index at 2.5%. 

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