Japan’s female leader is a bright beacon, but do her sums add up?

My scepticism towards soaring markets with unconvincing fundamentals was nurtured by working in Tokyo in the mid-1980s, when the Nikkei index took off like a rocket.

Shamelessly boosted by traders and analysts alike, share prices rose to absurd heights before crashing in the early 1990s and taking with them any notion of Japan as the next great economic power.

✍️ Martin Vander Weyer