David Pilling, Asia editor for the Financial Times, and author of the recently-released “Bending Adversity: Japan and the Art of Survival”, says Japan’s economic descent is exaggerated. Pilling allows that the country suffers from challenging demographics and its debt-to-GDP ratio has risen to about 140 percent, which will impact the country in the long-term. But he says the standard of living is better than reports would suggest. He says the current determination to beat deflation is a decisive move and bears watching with “at least some expectation” for success. Pilling speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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