On April 30th, an editorial piece by RJIF Chairman Yoichi Funabashi, “The west can look for answers in Japan’s lost decades” was published in the Financial Times.
“Advanced economies are contending with the same challenges that have beset Japan — rising public debt, low inflation expectations, slow growth, an ageing population and China’s challenge to the global economic system. Western nations, too, fret about lost decades…” The editorial highlighted the ways in which western countries, particularly the European Union, can learn critical lessons from Japan’s experiences and how to avoid repeating the same mistakes.