Economics

Japan’s Economy Seen at Risk of Shrinking Again Due to Omicron

Citigroup, BNP Paribas and Dai-Ichi Life see growth sputtering
‘The situation is changing fast’ says one worried economist

In January, Japan’s daily infection numbers jumped to a record of over 80,000. — In January, Japan’s daily infection numbers jumped to a record of over 80,000.
Photographer: Noriko Hayashi/Bloomberg

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By Toru Fujioka

February 1, 2022 at 4:13 AM UTC

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The odds are shortening that Japan’s economy will shrink again this quarter, according to analysts who see the latest surge in virus cases dragging out the country’s bumpy recovery from the pandemic.