There are plenty of reasons why investors could justifiably feel pessimistic about the future, but stock market valuations are not one of them.
Second quarter GDP growth shows improved domestic demand but further easing measures from the central bank look likely.
Both the Bank of Japan and Bank of Canada left interest rates on hold, as expected, while tweaks to guidance imply a more accommodative stance.
We examine whether Japanese households have taken on more risk in search of higher returns, and consider the implications for other developed markets.
Japanese companies continue to respond positively to the improving domestic conditions as they begin to regain some pricing power after almost two decades of deflation.