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Economics and investment: Japan enters a new era

The country was once synonymous with stagnation but today it is in a better place

By Duncan Weldon   July 2019

Crowds gather to celebrate the ascension of Natsuki Sakai/AFLO/Press Association Images

At the end of April, Japanese Emperor Akihito stepped down. Emperor Naruhito’s ascension marks the beginning of a new era; the question for investors is whether the new Reiwa era will bring any more joy than the turbulent Heisei era that preceded it. 

In the decades after the Second World War, Japanese growth was rapid. By the time Emperor Akihito came to the throne in the late 1980s, many were predicting the Japanese model would surpass that of the…

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