policies to promote domestic production , would have to start with an effective framework for migrant workers. I don't know if the Japanese are ready for that. But Japan would definitely be a great place to establish businesses if it chooses to be hospitable to foreign companies and workers. Making all regulation and governments services available in English would also make a huge difference.
policies to promote domestic production , would have to start with an effective framework for migrant workers. I don't know if the Japanese are ready for that. But Japan would definitely be a great place to establish businesses if it chooses to be hospitable to foreign companies and workers. Making all regulation and governments services available in English would also make a huge difference.
I think that Japan and China (for different political reasons) have swapped places. Japan has chosen aggressive reflationary policies whereas China has decided to "lie flat" and opted for deflation.
The strongest equity market in Asia (recent rout notwithstanding) is in Japan, while the strongest bond market is in China.
Ultimately, the events of the last 10 years have taught me that it is the consumer that holds upper hand. The USA is still the consumer of last resort (for all its pros and cons).
policies to promote domestic production , would have to start with an effective framework for migrant workers. I don't know if the Japanese are ready for that. But Japan would definitely be a great place to establish businesses if it chooses to be hospitable to foreign companies and workers. Making all regulation and governments services available in English would also make a huge difference.
Already huge increase in number of South Asians working in Japan
I think that Japan and China (for different political reasons) have swapped places. Japan has chosen aggressive reflationary policies whereas China has decided to "lie flat" and opted for deflation.
The strongest equity market in Asia (recent rout notwithstanding) is in Japan, while the strongest bond market is in China.
Japan can devalue without upsetting the world now - while China cannot
VERY important point.
Ultimately, the events of the last 10 years have taught me that it is the consumer that holds upper hand. The USA is still the consumer of last resort (for all its pros and cons).