The writer is chairman of Fulcrum Asset Management
The election of Yoshihide Suga as the new prime minister of Japan on September 16 has triggered many obituaries for “Abenomics”, which was launched dramatically by his predecessor, Shinzo Abe, in December 2012. Japan is back on the radar screen of global macro investors, after a long period in the doldrums.
Key questions are whether Mr Suga will offer foreign investors new opportunities, and what lessons can be learnt from Abenomics by other countries that are well on the way to so-called “Japanification” — a combination of zero interest rates, low inflation, subdued output growth and very high public debt.