RaboResearch - Economic Research

Economic Comment

Japan: Wave of concern

As we expected, the Bank of Japan did not move during its last meeting and will likely remain in wait and see mode for a while. In the meantime, a second wave of coronavirus infections is hurting Japan’s economic recovery.

Economic Comment

Japan: Even more stimulus, yet not enough

Japan’s government has increased its stimulus package to a whopping 43% of GDP. This, together with increased central bank stimulus, will prevent bankruptcies and unemployment from rising sharply. However, Japan’s economy is already suffering and we still think it will shrink by 4.8% this year.

Economic Report

Japanse economie en centrale bank modderen voort (Dutch)

Wij verwachten dat de groei van de Japanse economie en inflatie de komende jaren aan de lage kant zal blijven. Het Abenomics-programma zal daardoor de boventoon blijven voeren, met als voornaamste kenmerk dat het zeer ruimte monetaire beleid van de Bank of Japan nog een tijd lang zal voortduren.

Economic Quarterly Report Dutch version

Global economic outlook: clouds in the rear- view mirror, storm on the horizon?

Economic growth is expected to slow down only slightly this year as global economic conditions are not as dramatic as recent financial markets turbulence suggests. There is no simple and accessible alternative to further monetary easing, whose effectiveness is diminishing while the negative side effects are compounding.