Japan should form its own economic system, rather than simply emulating that of the United States, by making use of its advantages and changing to meet new needs, the newly appointed chief of a government think tank said July 1.

Speaking at an inaugural news conference, Masahiko Aoki, new director general of the Research Institute of International Trade and Industry, said economic systems differ from one country to another and that there is no single answer that is perfect for all nations. “Japan definitely must have its system reformed,” he said. “But you cannot bring and implant the American system here overnight. We must think up and build a new system (which fits Japan).”

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.