Japan
An adversary to the West in WWII, Japan is an example of a market that moved rapidly from frontier to emerging to developed market status and is now considered one of the strongest allies of both the U.S. and Europe. Japan’s rise to economic strength has been well-documented as one of the biggest post-WWII achievements and its high-quality, high-tech goods have permeated nearly every corner of the globe.
Since its boom times of the 1980s, Japan’s economy might be stagnating, but it still holds plenty of sway in the world’s economy. Its government has been working to increase consumption and jump-start growth through an ambitious, three-pronged fiscal and monetary approach.
In our view, the quantitative easing regime the Bank of Japan began in 2013 that continues today should help support global liquidity and trickle down to emerging markets in the region.
