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Economics

Japan Could Get Boost If Shoppers Spend $180 Billion Saved During Pandemic

  • The pace of recovery hinges on consumers as production wanes
  • For 1st time since April, no prefectures are under restriction
Shoppers in the Nihonbashi district of Tokyo.

Shoppers in the Nihonbashi district of Tokyo.

Photographer: Soichiro Koriyama/Bloomberg
Updated on

Now that Japan has lifted its latest state of emergency over the virus, the economy could get a major boost if shoppers splash out with the extra $180 billion they saved while they were cooped up.

In place like the U.S. and the U.K., pent-up consumer demand has helped fuel strong recoveries, but whether the flood gates will open quite as wide in Japan is an open question.