Japan: apparently no de-globalization as it ages?

Special FT insert on Japan's business climate.

Two things I took note of:  Gov seeks to lure foreign investors (not a usual headline re: Japan) because it realizes "that the country has come to rely on the outside world to support growth"; and banks looking to expand externally to counter stagnate growth at home.

Point being: Japan's demographic decline isn't making its business climate less open but just the reverse.  The biz community and government see an even more compelling logic for deeper connection with the global economy.

Comments

[Jeff]

Japanese demographic stats are not to be trusted. A lot of the superannuated Japanese actually died a long time ago, and their families simply never reported their deaths, and kept cashing their pension checks. The problem is so pervasive that the practice has fouled their national longevity stats.