Although the domestic economy has come out of recession, the pace of Japanese recovery remains slo...
Although the domestic economy has come out of recession, the pace of Japanese recovery remains slow. While the Bank of Japan's recent decision to cut interest rates to zero again was a sensible move, it will not solve the country's problems on its own. The really positive developments are taking place at the corporate level. Many companies have restructured and cut their costs, and there is evidence that Japanese managers are focusing more on their shareholders. However, the need to restructure is challenging Japan's culture of a 'job for life'. So, although the trend will bring long-te...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes