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What Makes Japan’s Economy Exceptional?

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What Makes Japan’s Economy Exceptional?
People walk past Japanese national flags in a shopping district in Tokyo on March 19, 2024. Kim Kyung-Hoon/Reuters
Law Ka-chung
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Commentary

Japan has always been regarded as different from other countries. Beginning in the early 1990s, it experienced decades of prolonged deflation and zero interest rates. Now, it is considering an interest rate hike when other countries are preparing to cut rates.

Law Ka-chung
Law Ka-chung
Author
Law Ka-chung is a commentator on global macroeconomics and markets. He has been writing numerous newspaper and magazine columns and talking about markets on various TV, radio, and online channels in Hong Kong since 2005. He covers all types of economics and finance topics in the United States, Europe, and Asia, ranging from macroeconomic theories to market outlook for equities, currencies, rates, yields, and commodities. He has been the chief economist and strategist at a Hong Kong branch of the fifth-largest Chinese bank for more than 12 years. He has a Ph.D. in Economics, MSc in Mathematics, and MSc in Astrophysics.
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