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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).”

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