Capital spending and domestic demand buoyed the Japanese economy in the first quarter of 2023, with 2.7% year-on-year growth outstripping analysts’ expectations by more than a percentage point. This pace will keep the country’s GDP ahead of Germany’s for another year.
This economic strength feeds into the booming pet insurance market, which has grown by 50% over the past three years alone to a value of more than JPY100bn ($720m), according to reporting by Nikkei Asia. There are around 20 companies offering pet insurance, and they
