Sonal Varma

Post-war Japan was the lead goose, which started out by producing low-value products such as garments. Then, as its costs rose, it relocated production in the 1960s to the next flock of geese, the newly industrialising economies of Hong Kong, South Korea, Singapore and Taiwan.
THE BOTTOM LINE

Asia’s new flying geese

Pedestrians in Tokyo's Ginza district, April 2023. Japan’s economy is finally breaking out of its decades-long deflationary mindset.

Asia’s time to shine