Japan's economic growth is slowing into the head wind of inflation accelerating. This morning's inflation report (PPI for June) came in at +5.6%. That's a 27 year high! Japan's cheap money cycle will continue to haunt their economy until they raise interest rates from where they are now (negative real rates).
Global Stagflation is here.
*Full Disclosure: I am own Taiwan via the EWT country etf as of yesterday.