Neptune's Taylor: This is the last roll of the dice for Japan

Heavily indebted Japan is relying on its largest corporations to boost earnings and lift the country into a recovery phase, according to Neptune's Chris Taylor.

The manager of the group's Japan Opportunities fund said the Japanese government faces "one last roll of the dice" to deal with the deficit, and improving corporate earnings and tax hikes will be crucial to its success. He explained how Prime Minister Shinzō Abe and his government are working with the large corporates in Japan to raise wages, fuelling the domestic recovery, and to raise tax revenues by ¥40trn to reduce the country's debt pile. Japan's gross government debt to GDP reached 227.2% in 2014, an all-time high. Taylor said: "The government spends roughly ¥100trn and r...