Japan's economy is in a sweet spot
Five years after the launch of Abenomics, the programme of massive monetary easing and fiscal stimulus under Prime Minister Shinzo Abe, Japan’s economy is in a “sweet spot”.
Five years after the launch of Abenomics, the programme of massive monetary easing and fiscal stimulus under Prime Minister Shinzo Abe, Japan's economy is in a "sweet spot", as Societe Generale's Takuji Aida told Bloomberg. GDP expanded at an annualised rate of 1.4% in the third quarter of 2017, the seventh successive quarter of rising GDP. This is the longest period of uninterrupted growth since 2001.
A stronger global economy, along with the weaker yen induced by quantitative easing, has given exports a boost. And companies have become more confident, says The Economist. Private investment has jumped by 15% in five years. Unemployment below 3%, has boosted consumption.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
-
Ground rents to be capped at £250 a year – what does it mean for you?The government has published draft legislation which would see ground rents capped at £250 per year for leaseholders. We examine what it means for homeowners and the housing market.
