Global Research 'Flagships' emerging – read-through from Japan's lost decades Haifeng Cao Analyst, China Diversified Financial Equity Research S1460519010001 Email: craig.cao@ubs.com Tel: +86 21 38668821 15 August 2024 This document has been prepared by UBS Securities Co. Limited. UBS does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors sho ...