Some economists estimate that the pandemic has forced Japanese households to save about ¥13 trillion ($118 billion), or roughly 4% of Japan's annual consumption.
For Noriyuki Suzuki's latest contributions to The Japan Times, see below:
Gone are the days when Japan was dominant in semiconductor and battery production, industries that are increasingly relevant in the modern world.
The core consumer price index, excluding volatile fresh food items, marked the ninth straight month of decline.
The firm has forecast sales to increase 4.5% to ¥7 trillion, with net profit rising to 27.2% to ¥210 billion.
Aviation experts say the strategy being pursued by full-service carriers ANA and JAL could be a double-edged sword.
Ministry data showed the nationwide core consumer price index was down for the eighth month as energy prices fell, although the pace of decline eased.
With Kuroda's term set to end in April 2023, delivering on his promise of hitting a 2% inflation target may be much harder than setting a new record as the longest-serving chief.
The recent turmoil in Myanmar has many Japanese companies on the alert for any signs of worsening prospects for what they see as a promising market.
Prime Minister Yoshihide Suga's pledge to make Japan carbon neutral by 2050 has driven trading houses to review their heavy reliance on natural resources.
With annual wage negotiations between management and labor unions getting into full swing in February and March, companies appear reluctant to raise pay after a difficult 2020.