B. Japan's Economy Japan's economy was in a soft patch until around the first half of 2016, reflecting the turmoil in global financial markets and the slowdown in emerging economies in that period. However, the economy turned up through the end of the year in line with the pick-up in emerging economies.
FinTech Sector – the way forward 26. India has the third largest FinTech eco-system in the world. While regulation can play a supporting role, FinTechs themselves have to ensure the balance between innovation and risks arising therefrom.