A forced hike in wages is both a powerful stick and a nutritious carrot that will boost productivity, and thus the future prosperity of Japan.
For Jesper Koll's latest contributions to The Japan Times, see below:
The Reiwa generation of university and high school graduates will enjoy a natural tailwind propelling them toward economic prosperity.
The Reiwa Era is poised to become a great one for Japan.
Fostering greater entrepreneurship is the best way for Japan to achieve sustained economic growth.
Japan's newfound globalization marks a success for Abenomics because it has made Japan strong again both at home and abroad.
The outlook for Japan in 2019 is bright.
The real issue for the Japanese economy in 2019 is not the tax hike, but how quickly and how determined Team Abe will reassert its promised focus on structural reform.
Make no mistake — good deflation is an integral part of economic management in Japan.
For many reasons, Pax Nipponica or Pax Sinae cannot work. But Pax Sinea-Nipponica would almost certainly be very welcomed by the Asia Pacific region.
Japan's renaissance as the world champion surplus saver and source of financial capital is a key consequence of Abenomics and the domestic economic recovery.