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Photograph of the Tokyo skyline
Insights

Japan After Abe's Death

The sudden death of former Prime Minister Abe was profoundly shocking and will undoubtedly have a lasting impact both culturally and politically in Japan. In this article economist Takayuki Toji discusses Abe's legacy and the potential impact this could have on the Japanese political landscape and economic policy.
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Insights

The Transformation of Japanese Companies

In the face of the changes in the external environment as a result of COVID, many transformations are taking place in Japanese companies. However, I believe that there is also a medium- to long-term structural change occurring in the background: the generational shift in the workforce has increased risk tolerance and willingness to change in Japanese companies.
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Japan city view night
Insights

The Effect of Global Inflation in Japan

Rising inflation is continuing to affect economies around the world, however the rate of inflation in Japan has been comparatively low in comparison to the US and the EU. In this article, economist Takayuki Toji examines the impact of inflation on real wage growth in Japan as well as the Bank of Japan's monetary policy. 

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Insights

Supporting Change in Japanese Companies

The corporate environment has been transformed dramatically over the last 31 years. While the rules of competition have changed, many of Japanese companies have not made the necessary adjustments. However, it can also be said that the capabilities of Japanese companies are sometimes underestimated. This article explores how SuMi TRUST is supporting companies in their efforts to maximise their corporate value and promote better changes by identifying their issues and the drivers for change.
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River skyline by Yu Kato
Insights

Japan Outlook in 2022

The emergence of the new variant Omicron poses new challenges to recovering economies, but what is the outlook for Japan in 2022? While rising energy prices and supply chain constraints continue to pose a risk, the normalisation of economic activities following a rapid uptake in vaccinations suggests an optimistic view towards economic recovery.
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Insights

The End of “Suganomics”

On 3rd September 2021, Prime Minister Suga announced at a meeting of the Liberal Democratic Party (LDP) board members that he will not run for the LDP presidency, with the election scheduled to take place on 29th September.
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Insights

Japan's Economy and Vaccination Rollout Progresses

Japan's real GDP growth rate was -3.9% on an annualised quarter on quarter (QoQ) basis in the January-March 2021, the first negative growth in three quarters, mainly due to a fall in personal consumption. However, if the vaccination rollout progresses, the Japanese economy is expected to recover due to a pick-up in personal consumption, etc.