The fact that expressways, which correspond to the total road length of Japan’s expressways, have been built almost annually since 2005 is also a typical example showing the great demand for infrastructure in China. Therefore, emerging economies have, potentially, a capacity to achieve a relatively high growth rate.
Second, it can be pointed out that the large-scale accommodative monetary policies in advanced economies have led to an increase in capital inflows to emerging economies, thereby accelerated the economic expansion in emerging economies. Meanwhile, in advanced economies, the pace of recovery is likely to remain moderate for the time being, since those economies are burdened by the balance sheet adjustments.