‘Third World’: Why locals don’t share investor enthusiasm for Japan
Japan is enjoying an investment and tourism boom, but many Japanese are struggling to make ends meet. Could this be another false dawn for the land of the rising sun?
Tokyo | After decades of being shunned for more exciting markets such as China, Japan is back in vogue among investors as it emerges from decades of stagnation and deflation.
Prices are rising in the world’s third-largest economy for the first time in 30 years; wages, though still low, are increasing for the first time in decades and the Japanese sharemarket hit a 33-year high in November.
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