What's needed is not just measures for the unemployed, but re-training and re-educating all layers of the workforce so they can actively adapt to the changes.
For Masaharu Takenaka's latest contributions to The Japan Times, see below:
Reform of the Japanese public pension system in accordance with the nation's aging population is becoming increasingly unavoidable.
What is the condition that makes it possible for Japan to sustain budget deficits over a long period of time?
It is premature to think that a decline in the public pension benefits is inevitable given to the aging of the population and the low birthrate.
The Japanese people's tendency to still lean toward pessimism over the state of the economy may be attributable to their cultural traits.
Why does a stock market fall in Japan lead to a stronger yen, while a surge in share prices has the opposite effect?
Parties on both the left and right in developing countries have entered into a chaotic age.