Buffett Bets Big on Japan, But Kishida's Stalled Reforms Leave Economy Stuck in Slow Lane
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Warren Buffett's big bets on Japan helped drive a stock market rally, but reforms have stalled under PM Kishida.
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Kishida failed to deliver on "new capitalism" plans to increase incomes and startup activity.
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With growth slowing and inflation rising, BOJ stimulus that boosted stocks may be tapered.
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China may now be a better bet than Japan as stimulus revives its battered shares.
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To keep 'safe haven' status, Japan must urgently upgrade growth engines and competitiveness.