"Abenomics" is Progressing!
5.Heading toward…
Heading toward…
Japan, from a forerunner full of challenges of developed economy to a trailblazer of finding their solutions
- Today, according to Mr. Richard Haass, the United States faces a raft of formidable challenges as follows;
- The government deficit and the debt.
- Energy
- Immigration
- Politics
- Education
- Infrastructure
- Economic Growth
- “Foreign Policy Begins at Home”（Basic Books 2013）
- Many developed countries including Japan face similar challenges. In particular, challenges relating to demographics, government debt, immigration and economic growth.
- Given the rapidly aging population, Japan will be the first developed country to address many of these issues. Fortunately, the political resolution and public support seen since the last election has allowed Japan to take significant steps forward.
- By pursuing the three arrows strategy of Abenomics and by ensuring that these arrows hit their targets, the Abe administration will successfully prepare Japan to overcome the challenges it faces.
- In the process, Japan aims to be a paragon for other developed nations facing similar challenges in the near future.
