The U.S.-China trade war may lead to broader damage, as tit-for-tat tariffs reduce overall exports, undermine total global trade flows and impede world economic growth.
For Koichi Hamada's latest contributions to The Japan Times, see below:
While some advocate introducing daylight savings time in Japan to save energy and extend outdoor time for workers, the economic benefits might not be worth the complications.
It is time for Japan to unleash the third "arrow" of Abenomics: a long-term growth strategy underpinned by structural reforms.
Policies aimed at reaping the benefits of openness may not be politically expedient today, but would reap benefits tomorrow.
Free trade, migration and foreign direct investment promise far-reaching potential gains for all parties involved.
The Fourth Industrial Revolution will amount to a major test for a Japanese education system focused on reciting facts and performing formulaic calculations — precisely the areas where humans cannot compete with intelligent machines.
Biased news, which may delivered even by traditional news organizations, can be very damaging, not least for political leaders.
The U.S. faces serious political challenges, but economically it remains on sound footing.
Japan, New Zealand and other countries are working to revive the Trans-Pacific Partnership without the United States.
Accommodating aggressive behavior by "defectors" from international cooperation like North Korea will never bring peace, but establishing cooperation as the only viable option might.