On the face of it, targeting Japan as a source of entrepreneurial growth companies might seem a little incongruous (Miles Costello writes). The country remains locked in a long-term battle to galvanise its economy, which has been ravaged even further in recent months by the effects of the coronavirus.
In fairness, it’s not all bad news. Japan has a thriving collection of technology-driven businesses, including, of course, Sony, the maker of Playstation consoles. It is also hoping to make a trading success of a new economic partnership agreement with Britain, struck in principle in September and expected to be formally signed this month.
The country is the favoured starting point for the Baillie Gifford Japan Trust, a near-£860 million investment vehicle that targets smaller and