How Japan beat deflation and cleaned up corporate governance

The story of Japan has long been deflation. For the last 20 years or so, the country had been plagued by it, leaving its economy stunted. But the tide has finally turned.The initial catalyst was the increase in import costs in 2022 that pushed Japanese firms to raise prices, says Masaki Taketsume, manager of the Schroder Japan Trust, on the MoneyWeek Talks podcast.This led to a virtuous circle – increased earnings growth fed into higher wage growth. Higher wages fuelled consumption, leadin