Raising the consumption tax could once again hurt the economy more than help it.
For Heizo Takenaka's latest contributions to The Japan Times, see below:
To leave a legacy behind, the Abe administration should rise to the challenge of making the economy better for the next generation.
Policy discussions during the Heisei Era had the characteristics of being molded by the opinions exchanged on TV news and variety shows.
In response to the burgeoning trade war, Japan should carry out structural reforms of its economy and take the lead in promoting multinational free trade pacts.
Fundamental structural reforms must be pursued with the leadership of the prime minister and his office.
Where to draw a line of defense is an important decision for any administration. Abe seems to have done a poor job of it.
Currently ranked as the world's No. 3 city, Tokyo could top the list if it improves in three key areas.
The government must do more to cope with the major wave of the Fourth Industrial Revolution.
The government needs to recognize the difference with other countries in its seriousness toward economic reforms and take much deeper steps.
Japan needs to overhaul its labor market to make the most of its shrinking workforce.