Reform process in Japan likely to be slow-moving

While the Japanese government is expected to begin 2003 full of good intentions with regard to economic and financial reform, little solid progress is expected. Paul Chesson, head of Japanese investment for Invesco Perpetual, says there will be continued attempts at reform early this year in Japan with the government looking at the economy as a whole as well as the troubled banking sector. Although there have been positive signs of a change at a corporate level, a common feeling is that Japanese authorities will continue to muddle through as they have done for the past 10 years, without...