60 seconds with Keith Wade on Japan's economic outlook

Schroders chief economist and strategist Keith Wade highlights the reasons why Japan's economy could improve in 2015:

  • Japan is a big importer of oil and the fall in oil price will drive down inflation, meaning that real incomes in Japan will be positive, which will be a great help to the consumer.
  • The consumer is also going to benefit in 2015 as there aren’t any tax increases, which really hit the economy in 2015.
  • Finally, the fall in the yen means that the Japanese corporate sector is now very competitive, which should flow through into strong export growth and will support GDP growth in Japan.

The opinions contained herein are those of the author and do not necessarily represent the house view. This document is intended to be for information purposes only. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Cazenove Capital does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. This does not exclude or restrict any duty or liability that Cazenove Capital has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system. Cazenove Capital is part of the Schroder Group and a trading name of Schroder & Co. Registered Office at 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be taped and monitored. 

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