Impact of Russia-Ukraine War on Japan’s Economic Activity

The global economic order has moved into a new stage of uncertainty since the start of the Russian invasion of Ukraine in February.

As a result, major Western countries and Japan imposed a series of economic sanctions and continue to impose more. Most economists believe that those sanctions mostly isolated the Russian economy from the rest of the world.

However, Russian diplomacy over its partnership with Asian countries is still successful. China and India said earlier that their strategic partnership with Russia will not be affected by Western pressure. The medium-to-long term expectations show that the world economic structure might change again, with several economic blocks that have limited or competitive interactions.

That would have potential impacts on the performance of ...

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