The author calls on the younger generations to help overcome the stagnant economy in Japan and build one that stimulates people-oriented economic activities.
In addition to a debt-riddled real estate market, China's economy also faces youth unemployment, excessive public debt, and a society aging faster than Japan's.
Many countries are fighting inflation pressures while Japan's policymakers are attempting to raise them on a sustainable basis. Signs are they're succeeding.
Economic revitalization won't happen without taking risks. The trend of wage increases must be extended to small- and medium-sized enterprises.
