Japan: Moving in the right direction?

JAPAN

Kenichi Amaki, portfolio manager at Matthews Asia asks if the main objective of "Abenomics" , to combat Japan's deflationary condition, have really worked.

Economists largely believe the fastest economic acceleration in developing nations historically happens at a GDP per capita level of $5,000 to $15,000. Many economies in Asia have now arrived at this ‘sweet spot' - a level of economic growth comparable to Japan between 1960 and 1980, when its consumption blossomed. But over the last decade, Japan has been one of the most problematic parts of Asia. Towards the end of 2006, Japanese equity markets managed to keep up somewhat with the rest of the world, before fading again from the global investment map as the yen continued rising against ...