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Uncovering Japan’s economy

January 2023 / 42 min


Key Points

  • 2022 began with a sense of optimism, but macro-economic factors created a difficult backdrop and Japan was no exception
  • The Trust bought some new positions, eg in skincare, but also stuck with long-standing holdings in robotics and automation
  • Japan is emerging from the challenges of deflation and Covid’s legacy and we’re confident the country is moving forward