NOMURA CONNECTS

Insights & Thought Leadership: Connecting Markets East & West

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Annual Outlook

Japan Macro Outlook 2026

Nomura’s Japan economists and strategists discuss their views on the Japan economy in the year to come

4 min read | December 2025

Podcast & Videos

December 19, 2025

The Year Ahead – Asia: Mind The Gap

Economics

Asia Macro Outlook 2026: Mind The Gap

AI demand and the memory supercycle should sustain tech exports, but the outlook for non-tech demand is mixed. We see a North-South monetary policy divide across Asia.

5 min read | December 2025