What Ms Watanabe can tell us about how to deal with low returns – Financial Times
In the early 2000s, global fund managers had to anticipate every move of “Ms. Watanabe” – a woman who did not exist. The period between 2002 and 2006, when the Bank of Japan’s zero interest rate policy began to become a permanent fixture, was the height of this fictional archetype of a conservative Japanese head […]
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