William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Move shows MSCI right in not considering the country a 'developed market'

The KOSPI has had a rockier 2023 than peer market indexes like Japan’s Nikkei Stock Average. © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."