Our customer at Fidelity International has written an article about how some of key patterns are playing out for the economy in Japan. Find a quick preview below, and read full story here.
Japanese businesses have steadily deleveraged and built up their cash reserves over many decades. They remain over-capitalized in the form of dividends and share buybacks, which should favor shareholders in the longer term. Debt levels, by comparison, have risen in the US and have remained roughly stable in Europe over the past decade.