Thais spar over pension reforms [part 2]
Japan emerges from the shadows | A new generation embraces M&A | Nikkei heads for 24,000 by 2010… or sooner | Debt is not a dirty word | Funds get activist in Japan
The rise of private defined contribution
JAPAN MIGHT HAVE suffered from a lengthy and debilitating recession, but there’s no mistaking the fact that the world’s second-largest economy is still a wealthy country. Despite years of deflation, a frugal supper in the back streets of Tokyo will still cost as much as a smart dinner for two in most western cities, the price of a coffee will make you think twice about answering Starbucks’ siren call and it is inadvisable to step into a cab: London taxis look like a bargain by comparison.
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