Moving on from Japan's 'lost decade'

After a torrid 15 years of deflation, it is time to forget about 'the lost decade' in Japan.

Inflation has returned and while it is far away from satisfying the Bank of Japan's aspirations, the key point is not the level but the momentum: the direction of the travel is clear.  Legg Mason's Shiozumi: Why Abe's 'bully pulpit' will revitalise Japan Moreover, due to a very tight job market - the jobs-to-applicant ratio is at a 43-year high - we can expect wage inflation, as well price inflation, to continue to grow.   While the actions of the Bank of Japan and Abenomics tend to steal the headlines, the real story has been a domestic recovery quietly gathering steam. For exa...