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Japan Rebuilding its Economic Prowess in an Uncertain Global Business Climate

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Japan Rebuilding its Economic Prowess in an Uncertain Global Business Climate

Rachita Sharma, Managing Editor , 0

In 2024, Japan was overtaken by Germany as the third largest economy, a development that rang alarm bells for yen’s depreciating value. This led to the country undertaking drastic steps to strengthen the country’s economic position.

The IMF predicted that the Japanese economy would grow by 1.1 percent in 2025. signs indicated towards a return to pre pandemic levels of economic growth, propelled by rise in corporate investments and consumption.

However, the whole world was soon taken aback by the global tariff war. Japan’s economic growth was affected as well. Bank of Japan slashed the country’s growth outlook by half.

In times of adversity, there is some hope with Japan electing its new Prime Minister. In a ground-breaking moment for Japan’s democracy, Sanae Takaichi was appointed as country’s first female Prime Minister. Sanae has assumed office amid one of Japan’s most complex economic periods. The new Prime Minster faces the dual challenge of strengthening growth and rebuilding public trust.

It will be interesting to watch Japan tackle the challenges being thrown in its path. A key driver of growth in these crucial times are the country’s business leaders. It will be their vision, strength and business acumen that can help Japan reclaim its spot as one of the largest economies of the world.

In this edition of CEOInsights Asia magazine, we shine the spotlight on a few such leaders. In this edition, meet Onouchi Takahiro, Executive Director, FPT Consulting Japan and Vice President of FPT China. With 20 years of consulting experience at Accenture Japan, he brings deep expertise in advising enterprises on transformation strategies and driving large-scale projects.

We also feature the business insights shared by Dr. Makoto Sawaguchi, President and Board Director, Ppro-Japan. Makoto has over four decades of business experience in the pharmaceutical and CRO industries and 17 years in organization and people management in executive positions, both at global and local (Japan) CROs.

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