Building And Construction In Asia Pacific > Japan > Japan

Japan: Building and Construction in Japan 2021-2025: November 2021 Update

Total construction work done is forecast to rebound 2.7% in 2021 (down from our previous forecast of 5.1%). Activity in August grew at 1.5% as construction work was hampered by the continuation of  State of Emergency (SOE) measures as covid cases surged. Material supply issues and rising costs further impeded activity. These issues are expected to slowly resolve over the remainder of 2021 and 2022, which will also see activity gain momentum. Overall, construction activity is forecast to grow by 2.4% pa over the four years to 2025.

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