Developed Markets- Highlight
7 Aug 2018
With drastically changing demographics set to transform many Asian countries into elderly-centric economies, the Ageing Asia event looked to learn the lessons of those nations that have already successfully managed this reinvention.
Effective 23 August, the use of a provision allowing goods assembled abroad from U.S. components to avoid the additional 25 percent tariff imposed on imports from mainland China will be narrowed significantly.
Japan is the world’s third largest economy, and its service sector contributes about 70% of the country’s GDP, with wholesale and retail trade, real estate services, and professional, scientific and technical activities as the major service pillars. Since 2012, Japan’s government has adopted a “three arrows” strategy to reinvigorate the economy. The so-called “Abenomics” comprises expansionary monetary policy, flexible fiscal policy and structural reform.