Focus on Japanisation

Business Life, a Channel Islands-based magazine aimed at the financial sector, commissioned Phil to look at whether Europe was suffering from Japanisation – a structural shift to a low growth, low inflation near-zero interest rates that the Asian superpower has seen for almost 30 years.

He spoke to many analysts including Holger Schmieding at Berenberg Bank who disputed the idea that Japan was “suffering”, Andrew Milligan at Aberdeen Standard Investments looked at the impact on banks and advisers to high wealth individuals and Amit kara at the National Institute of Economic and Social Research highlighted the challenge that investment managers will face to secure higher yields in Europe and other Japanised economies.

The article is here.