There are two factors that underlie the projections, where Japan's economy will continue to recover while overseas economies will slow. The first is the difference in the timing of the resumption of economic activity.
In Japan, as a result of prolonged vigilance against COVID-19 compared with overseas economies,  3  pent-up demand, such as for dining-out and travel, will start to materialize clearly going forward (Chart 7). The government's domestic travel discount program was launched last month to support such materialization.