But it will not be achieved without strong public policies and forward-looking business strategies.
For Adair Turner's latest contributions to The Japan Times, see below:
The commonplace gloom about Japan's prospects is grossly overdone — many countries would be lucky to have its problems.
China's huge and increasingly affluent domestic market will make exports less vital to growth.
Over the next year, the bitcoin price could double, soar tenfold, or collapse by 95 percent or more, and no economic analysis can help predict where in that range it will lie.
China could become a highly respected and admired leader in the fight against global climate change.
China's continued economic success calls into question longstanding assumptions about the optimal balance of state and market mechanisms in driving economic development.
The benefits of having a rapidly growing youthful population is fast fading as advances in automation reduce labor-intensive employment opportunities.
Dramatic progress in renewable electricity is a hugely positive development; but the benefits are most easily grasped in developed, relatively sparsely populated countries.
Contrary to glib assumptions, globalization of capital, trade and migration flows are not "good for everyone."
Neither negative interest rates nor further expansion of the BOJ's already huge program of quantitative easing will be sufficient to offset the strong deflationary forces that Japan now faces.