Has the bazooka of change been fired in Japan?

ON JAPAN

Nikko Asset's John Vail.

There is so much change in Japan it is difficult to explain its extent in a few paragraphs. But anyone who lives in Japan can feel the difference like night and day. Long-stalled construction projects are now progressing, tourists are swarming (with Tokyo occupancy rates at eight -year highs), shops are busy and restaurants require reservations once again. Many observers attribute this to ‘Abenomics’, but in truth it originated from firstly, the people, the great majority of whom voted for this historic change last November; and secondly, a Liberal Democratic Party (LDP) that decided to ...