The Business Times
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Sonal Varma

THE WRITER IS CHIEF ECONOMIST FOR ASIA EXCLUDING JAPAN AT NOMURA.

While Japan is still a small player, its decision to relax defence export restrictions is set to open new markets for Japanese defence contractors.
THE BOTTOM LINE

Defence is becoming Asia’s next industrial policy

2026-08-17T10:20:27.000Z
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

2024-06-03T21:00:00.000Z
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

2023-06-05T21:50:00.000Z
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