Despite a number of unclear factors surrounding the global economic situation, including U.S. President-elect Donald Trump's fiscal and trade policies, Japan will likely see its economy grow this year on the back of the weak yen and government steps to stimulate sluggish consumption, economists have said.
They predict that 2017 will be a rather positive year for the nation's economy, as the government looks to craft more measures to help boost consumption. These moves are likely to include lowering social insurance premiums, creating scholarships and rasing wages for nursery school teachers. The yen's weaker trend against the dollar will also help boost Japanese exporters' revenues, the economists noted.
On the subject of trade, however, they say Japan will need a rethink of its strategy.