If Japan is to enjoy the full benefits of the region’s growth, it needs to adapt appropriately to such changes. Japanese firms have nurtured strong product lines and business expertise within a competitive domestic business environment.
The values of real GDP for fiscal 2022 onward are calculated by multiplying the actual figure for fiscal 2021 by all successive projected growth rates for each year. Sources: Cabinet Office; Bank of Japan. 3  Chart 4  I.