ccording to the latest quarterly ‘tankan’ – a short-term survey of Japanese businesses by the Bank of Japan (BOJ) – business sentiment has greatly improved in Q2 2023. Japanese businesses expect to increase capital expenditure and project inflation to stay above the BOJ’s planned 2% inflation for the next five years, indicating its monetary stimulus policy has paid off. To future-proof its growth, Japan has embarked on a major decarbonisation effort, which has resulted in the ideal investment and trade climate for foreign businesses. Last year,
