Building And Construction In Asia Pacific > Japan > Japan
The decline in residential and non-residential building starts in Q2 is expected to have accelerated, amid the state of emergency during April, subsequent social distancing measures on construction sites and a deterioration in Japan’s economy. Overall construction commencement value in 2020 is expected to contract 5.8%, while work done value will contract 6.3%. The rebound forecast for work done (+3.5%) value in 2021 is pared back slightly, with stronger recovery now pushed out to 2022 and 2023.
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