Ignore the GDP figures – Japan is doing just fine

Japan's GDP figures suggest the country is in recession. But it’s an exciting place to be, and looks likely to stay that way, says Merryn Somerset Webb.

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Japan: still an exciting place to be

Today's FT (written last night) took a look at what might happen today. On the release of Japan's GDP data it noted that the "expectation is that the economy will rebound growing by an annualised 2.2% after an annualised 2.2% fall in the second quarter brought on by the consumption tax".

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.