QOTD -- COVID19 and 5G
The Bank of Japan continued the growing global policy momentum anticipating difficult days ahead today. Its Outlook for Economic Activity and Prices paints an overall dour picture of demand trends during the forecast period.
But a bright spot does exist:
Geopolitical tensions and the growing backlash against Chinese 5G technology will generate a positive outlook for Japanese 5G technology in the near term.
However it is far from clear that technology sales from retail personal computers to industrial-grade 5G telecommunications equipment will be sufficient to cushion the blow to tourism and hospitality revenues from not hosting the Olympics this summer.
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