Business daily

Davos 2016: Japan hit by Chinese market turmoil

The turmoil on the Chinese currency and stock markets has been hitting the world's third-largest economy, Japan, hard. The Nikkei share index entered bear territory earlier this week, having slumped by more than 20 per cent since its peak last June. This as the Japanese government is struggling with low growth, while trying to implement structural reforms in the economy. We spoke to William H. Saito, entrepreneur and adviser to Japan's Cabinet Office, at the World Economic Forum in Davos.