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Japan faces high inflation, an aging population, capital outflows, and heavy government debt. According to Liu Baocheng, Dean of the Center for International Business Ethics at the University of International Business and Economics in Beijing, these structural issues make Prime Minister Sanae Takaichi's growth goals hard to reach. He suggests that Takaichi needs to be more patient, work closely with employees, boost efficiency, and reduce reliance on the US market. Above all, Liu says, she must face economic realities and proceed with caution.
Japan faces high inflation, an aging population, capital outflows, and heavy government debt. According to Liu Baocheng, Dean of the Center for International Business Ethics at the University of International Business and Economics in Beijing, these structural issues make Prime Minister Sanae Takaichi's growth goals hard to reach. He suggests that Takaichi needs to be more patient, work closely with employees, boost efficiency, and reduce reliance on the US market. Above all, Liu says, she must face economic realities and proceed with caution.