3.3 JAPAN

According to the Economic and Social Research Institute, Cabinet Office, Government of Japan, the real GDP growth in FY 2022 was 1.4%.

Plans are underway to hold major events even after the end of the Tokyo Olympics staged in 2021. For example, big projects such as venue construction, surrounding development, and integrated resorts (IRs) are coming up for the Osaka Expo. In addition, large-scale construction projects such as the Shinkansen maglev line, which is scheduled to open in 2027, and expressways are progressing steadily.