According to the Organisation for Economic Cooperation and Development (OECD), a grouping of affluent countries, domestic demand will power Japan’s economic growth in 2023 and 2024. Wage growth will gain momentum, while government support to help citizens manage the energy price shock, and investments in defence, are boosting consumption and investment. Unemployment, already very low, will continue to fall, the OECD forecasts.
Japan has long been known for its world-class infrastructure, with Shinkansen “bullet trains” a global icon. Yet some of its transport network and utilities are aging and in need of upgrading, from water and sewage pipes to
