Restoring the primary balance should not be used as an excuse to avoid enacting pension system reform.
For Haruaki Deguchi's latest contributions to The Japan Times, see below:
Economic theories can't fully explain Japan's financial policies.
Tokyo's international competitiveness will decrease further unless drastic measures are taken to improve its infrastructure.
Prime Minister Shinzo Abe must place priority on resolving several major policy challenges confronting Japan before he tries to revise the Constitution.
The only way to fundamentally turn around Japan's falling fertility rate is to build a society free of gender discrimination.
The key concepts behind innovation are diversity and excellent higher education.
To move past the Heisei Era's economic malaise, Japan must invest in an education system that fosters people who can breed new ideas and launch new industries.
Britain's history was woven through its close connection with the continent, and it cannot prosper without it.
Many of the labor practices prevalent in Japan are quite extraordinary in light of global standards.
Japan should explore every conceivable policy measure to create a society that has the most favorable conditions in the world for giving birth and raising children.