John Redwood on a 'pioneering' Japan

Steady progress in growing per capita income

clock • 2 min read

The case against Japanese shares is often made based on the slow rate of economic growth and the changed behaviour of the Japanese economy after the big boom and bust of the late 1980s and early 1990s.

Since then, large budget deficits, a big build-up of state debt, endless monetary experiments, zero or negative interest rates and large infrastructure programmes have failed to generate inflation or faster growth. Navigating Japan's 'transition period' Japan stays as an outrider for the advanced economies, pioneering monetary and budgetary policies that look irresponsible yet fail to trigger inflation. The stockmarket remains well below the peaks it reached 40 years ago. The administration of Prime Minister Shinzo Abe has sought to force the pace and to get inflation up from ve...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asia

EFG's Afzal and Gerlach: A letter from Hong Kong

EFG's Afzal and Gerlach: A letter from Hong Kong

On a recent visit to Hong Kong and Singapore we took the opportunity to meet with market strategists as well as private and public sector economists to better understand the economic problems China is facing given economic sentiment is in the doldrums....

Moz Afzal and Stefan Gerlach
clock 28 March 2024 • 4 min read
Aviva Investors' Wakefield: Is Japan's stock-market sugar rush sustainable?

Aviva Investors' Wakefield: Is Japan's stock-market sugar rush sustainable?

New regulations to 'improve competitiveness'

Baylee Wakefield
clock 14 March 2024 • 4 min read
 abrdn's Yeo and Kwik: Will the dragon soar in 2024 for China?

abrdn's Yeo and Kwik: Will the dragon soar in 2024 for China?

'Cause to be optimistic'

Elizabeth Kwik and Nicholas Yeo
clock 09 February 2024 • 4 min read
Trustpilot