05 Dec 2023 First Eagle Investments: Japan - The Sun Also Rises ( Portfolio )

After decades of rapid growth following World War II, Japan’s dynamic, export-led economy had become the envy of the capitalist world, perhaps distracting attention from the debt-fueled asset-price bubble that had begun to emerge in the mid-1980s. Today there are signs the Japanese economy may finally be on a new horizon of sustained recovery following many years of dusk.