Japan is back, says economist

China, watch out. Japan is a contender again, says top Nomura economist Richard Koo.

FinanceAsia How do you see the rivalry between China and Japan stacking up
Richard Koo Frankly, itÆs a horrendous challenge for Japan. China is simply so big. If ten per cent of the Chinese population were doing what the Japanese are doing now, they would be level with Japan.

The Chinese are hard-working and creative in many ways û from nuclear submarines to satellites.

The importance of China goes back a long way. You could argue that countries like...

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