The Japanese economy is slowly recovering. In the second quarter of 2020, GDP growth rate was a grim -28%. The third quarter showed a recovery of 23%, but there are still many problems.
For Heizo Takenaka's latest contributions to The Japan Times, see below:
There’s still no end in sight for the pandemic crisis, but as Japan’s economy averts a worst-case scenario, how to revitalize its industries is becoming a major issue.
The new Japanese government will be successful if early and small successes can be achieved to give it momentum.
The government faces a difficult road ahead in guiding the economy through all the twists and turns of the pandemic.
A "shock therapy" policy that identifies clear targets and timelines, and implements reforms in one go, is needed to push forward Japan's digital transformation.
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 ...
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.