The Rise of Corporate Governance in Japan

The big change this time around is that for the first time in 30 years, we have meaningful inflation in Japan. The government understands that if without wage growth, without financial asset income growing, then sooner or later, it will become a social problem. So that's why the government is so focused on doing something about it. And that's part of the drive towards trying to make companies in Japan, raise their dividends and buy back more stock. Only 10% of Japanese household assets are in the stock market, compared with the US where that figure is closer to 40%.