Oil and inflation, Ghosn and corporate governance

The slump in global oil prices will deliver a windfall to Japanese firms and households but it creates a headache for the Bank of Japan: lower energy prices will knock half a percentage point off headline inflation over the next few months. Meanwhile, Carlos Ghosn’s defenestration has this week put the spotlight back on Japan’s corporate governance failings. But while they are a concern for investors, they don’t appear to be holding the economy back.