Therefore, it seems inevitable that the economy will register significant negative growth for  Japan's net acquisitions of direct investment assets in 2019 included about 7 trillion yen of "reinvestment of earnings," which does not involve demand for dollar purchases against the yen. 1  4  fiscal 2020.
Thereafter, as the impact of COVID-19 wanes globally and overseas economies return to a steady growth path, the economy is likely to mark relatively high growth for fiscal 2021, and then continue to grow firmly for fiscal 2022.