This has been Japan's year. After several decades of non-existent growth, Prime minister Shinzo Abe's reforms are finally starting to pay off. Economic growth and inflation is returning to the Asian nation, and this is having a substantial positive impact on consumers. Overnight, Japan’s Cabinet Office reported annualized growth of 1.4% in the third quarter, down from a revised pace of 2.6% in the second quarter. Even though the reading was lower than Q2, it was just above the median forecast of 1.3% and marks the country's longest growth streak since 2001 (seven consecutive quarters), but are robots aka labor-saving...
Labor-Saving Technology Holding Back Japan’s Growth?
Rupert Hargreaves
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Subscribe and get an extra 30% off annual with code LETTERSSign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.Rupert covers everything value investing for ValueWalk