Japan's economy has a number of things going for it right now, not least of which is the unwavering support of one of the world's richest central banks.
It is also benefiting from record levels of employment that have driven a significant rise in average earnings after the best period of sustained economic recovery it has seen in 20 years or more. Tourism to the island nation is also booming; it is expected to hit 40 million visitors a year by 2020 and there is a Rugby World Cup before that. There are also encouraging signs the government is looking to make life easier for Japanese companies. Its Finance Ministry is now pushing hard for legislation that will encourage corporate restructuring and, hopefully, help to unwind the knotted...
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