Japan’s royals on Monday also made theirThe mood at the Kanda Myojin shrine on the first business day of 2023 was upbeat, with many visitors optimistic about a positive economic outlook ahead as large parts of the world gradually move past the pandemic.
“We are seeing more from other Asian countries who feel Japan’s real estate is cheap. And we want to welcome more foreign customers.”Prime Minister Fumio Kishida’s administration said it projects real gross domestic product to expand 1.5 per cent in the fiscal year beginning in April. Despite the positive outlook from the government, economists are adopting a cautious approach due to external factors such as risks of a global recession, and continued energy and supply chain disruptions on the back of the ongoing war in Ukraine.