As Japan's economy, long called the 'lost 30 years' for its stagnation, shows signs of a rebound, the world's attention turns to Japan again. With change appearing as prices and wages move together, analyses suggest Japan is emerging from a long phase of stagnation.
According to economic analysis, Japan is showing moves to break out of its long framework of low inflation and low growth. Wage hikes and expanded investment continue, and change is detected in consumer and investment sentiment that had long been frozen.
광고 문의 · 300×250The 'lost 30 years' refers to the prolonged stagnation Japan experienced after its asset bubble burst in the 1990s. With low growth and stagnant prices lasting long, Japan carried many tasks to regain its growth engine.
The recent change focuses on the possibility of a virtuous cycle between wages and prices. But a cautious view is also raised that it remains to be seen over time whether this is a temporary bounce or leads to structural recovery.
The direction of Japan's economy also affects neighboring economies such as Korea, China and Taiwan. In an East Asia bound by trade and investment, the recovery of one pillar interlocks with the region's overall business flow.
Hwagyo Sibo reports the flows of neighboring economies around fact and indicators, leaning to neither optimism nor pessimism. Change in Japan's economy is important background information for Chinese-owned firms taking part in trade and investment in East Asia.
