Although Japan knows it should carry out structural reforms and stimulate domestic demand to get out of its protracted economic slump, it is still waiting for someone to take the initiative and actually do something.
This was the dominant view among participants at an international conference held earlier this week in Okinawa, according to Itochu Corp. Chairman Minoru Murofushi, who jointly chaired the talks.
Most participants believed Japan, the world's second-largest economy, will stage a comeback if its corporate managers and political leaders hurry up and introduce structural reforms and stimulate domestic demand, Murofushi told The Japan Times.