The Argument is a feature dedicated to promoting dialogue and deeper understanding of contentious issues by introducing various viewpoints.

Abenomics has reportedly won praise abroad, but a security bill passed by the Diet last month has dampened confidence in global financial markets about the outlook for Japan.

In December, the Diet passed a revision of the Foreign Exchange and Foreign Trade Act that requires foreign investors to notify authorities when acquiring stakes of 1 percent or more in listed companies whose business is related to national security. The current threshold is 10 percent.