Japan's economy could see record turnaround- if pandemic is kept under control.

Byline: S. Kamal Hayder Kazmi

Japan's economy is expected to make its sharpest rebound in decades this year, with consumption set to pick up toward the end of 2021 as the impact of the COVID-19 pandemic on the broader economy eases.

The world's third largest economy is projected to grow 3.42 percent in the next fiscal year, which will run to March 2022, after shrinking 5.37 percent this fiscal year, according to an average of forecasts by 35 economists polled by the Japan Center for Economic Research.

If the estimate is borne out, it would see a turnaround from the economy's worst contraction to its highest growth since fiscal 1995, when comparative date became available.

Such a scenario, however, could be delivered a serious blow after Prime Minister...