Domestic Japan Story Is Really Interesting to Us, Says Morgan Stanley's Garner

The video discusses Japan's economic journey since 2012, highlighting its improved productivity and corporate efficiency. Japan now leads the G7 in productivity growth, with significant corporate ROE improvements. Despite cyclical challenges, domestic sectors like banks show promise. The macroeconomic data, including GDP and inflation, are analyzed, with a focus on private CapEx. The video also explores how technological advancements and an aging society contribute to productivity, challenging the notion that aging hinders economic growth.

What significant changes in Japan's productivity have been observed since 2012?

How has Japan's corporate return on equity (ROE) changed from 2012 to the present?

What factors are contributing to the improvement in corporate governance and efficiency in Japan?

What role does private capital expenditure play in Japan's economic outlook?

Discuss the implications of Japan's aging society on its productivity according to the report.