According to a July 2023 economic outlook report by the Bank of Japan (BOJ), “as a virtuous cycle from income to spending gradually intensifies, Japan’s economy is projected to continue growing at a pace above its potential growth rate.” Beyond pent-up demand and stimulative financial conditions, the BOJ highlighted investments in the labor market, digitalization, productivity, and R&D related to decarbonization as primary growth drivers.
Japanese electronic components manufacturers continue to have a strong presence, producing one-third of the world’s total demand. According to the Japan Electronics and Information Technology Industries Association, the
