A crisis exposes the contradiction inherent in a society in various forms. That is an important lesson from history. The confusion caused by the COVID-19 crisis has brought various problems of Japanese society into focus. But that also means an opportunity to drastically reform ...
For Heizo Takenaka's latest contributions to The Japan Times, see below:
Extraordinary measures are needed.
The COVID-19 pandemic will likely prompt Japan to fully embrace the digital shift.
The coronavirus pandemic has made it clear that Japan lags far behind other countries in putting new digital technologies to actual use.
Rebuilding Japan's fiscal health will be impossible without overhauling the social security system.
A key challenge for the economy going forward is to how to invigorate Japanese firms' investments in intangible assets.
Japan is lagging behind many other countries when it comes to innovation.
The government's challenge will be to put together a spending package that shores up consumer spending and increases the economy's growth potential.
The adoption of a social security policy for the purpose of a competition policy must be avoided.
The Cabinet must pursue management of the economy that will achieve near-term stimulus and medium- to long-term growth.