Data post is here ICYMI:

Japan GDP preliminary for Q4 2021 +1.3% q/q (vs. expected 1.4%)

Yamagiwa now:

  • real gdp mostly recovered to pre-coronavirus levels
  • need to pay close attention to downside risks to economy from infection trends, global supply constraints and surging raw material costs
  • have to quickly implement economic measures, including ones against rising energy prices