Japan has nothing to fear from an increase in foreign investment at home and
can equally take advantage of new external opportunities.
Despite falling behind China in terms of GDP, Sir John pointed out that
Japan’s GDP per head figure is far superior to that of its giant neighbour.
“Because Japan has been stuck in some economic difficulties for some
years, people tend to forget the scale and power of Japan,” he said,
adding that Japan’s attitudes towards business “revolutionised”
the British economic scene in the 1970s and ’80s and will have a key part to
play in the future recovery of the global economy.
Emphasising that Japan needs to move out of the deflationary spiral that has
plagued its economy for a number of years and back into solid growth, Sir
John added, “It is important for the world that Japan recovers and
grows. I think that will happen and I do not doubt that the importance of
Japan will be lost on British ministers.”
Related posts:
Views: 0