The Nikkei 225 is down 10% for the year while Japan’s GDP shrank an annualised 0.8 percent in the third quarter, as global recession risks and higher import costs weighed on consumption. Also, core inflation climbed 3.7 percent in November which is at its four-decade high and raising pressure on the central bank to roll back its massive stimulus. Japan has bucked the trend and continues to keep interest rates at ultra-low levels. How will all this play out in 2023 and what investment strategy should investors consider? For answers we speak to Zui Shiromoto, Investment Manager, Neuberger Berman.

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