Upon assuming the presidency of Japan Bank for International Cooperation on April 1, Hiroshi Okuda told reporters that Japan today is lagging behind the rest of the world in both politics and economy by a wide margin.

“We are probably about two to three laps behind,” said Okuda, 79, whose resume includes president of Toyota Motor Corp. as well as chairman of Keidanren.

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.