L’economia giapponese non è più guidata dalle esportazioni
japan I think is interesting there’s a there’s a lot of shifts that have gone on uh there in terms of society in terms of the economy so one of the things that that has happened recently is in the last 2 three years Japan has very much lent in to the having fun spending that we were talking about by promoting its tourism industry and to the extent that tourism has replaced a lot of the goods exports you Japan has become a tourist destination instead of a a goods exporter indeed my parents have just come back from uh frittering away my inheritance on a an expensive cruise around Japan
UBS Global Wealth Management Chief Economist Paul Donovan explains Japan’s weak Yen made its export economy shift — but tourism is booming. This simple currency move changed Japan’s entire flow of capital.
#MebFaber #StockMarket #Finance #Investing #Japan
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