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.
So far the report card is good, but expect better for the future.
If it's really serious about rehabilitating its fiscal conditions, Japan should first get over deflation, even by expanding fiscal spending — and it still has room for fiscal expansion.
From the "turbulence" of external political developments to the gale-force Fourth Industrial Revolution, Japan needs to brace for the future.