This podcast episode discusses the recent rise of the Nikkei 225 stock index in Japan and the factors that have supported this growth. Despite a long history of economic challenges, Japan is showing signs of improvement, with a return to inflation, a shrinking government debt, and a renewed focus on shareholder interests. While challenges remain, including a declining population and low interest rates, Japan's stock market presents compelling valuations relative to other global markets and offers a potential opportunity for portfolio diversification. Overall, the episode highlights the resilience of the Japanese economy and suggests that it is turning a corner.