# Japan's Economic Outlook 2021–22 | Post

> Scotiabank forecasts Japan's real GDP to grow 3.0% in 2021 after a 4.9% contraction in 2020. Renewed COVID-19 infections and state of emergency measures covering about one-third of output threaten the recovery. The BoJ is expected to keep ultra-loose policy longer than other major central banks.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/47846-japan-s-economic-outlook-2021-22-post
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Weaker Japanese demand and a prolonged loose BoJ stance point to a softer yen, which raises the local cost of dollar-denominated feed imports. The effect on commodity prices is modest.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.international-economics.asia-pacific.japan-s-economic-outlook-2021-22--april-28--2021-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.