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Looking ahead 2018

Japanese people must embrace reforms

Government is doing its bit, now time for everyone else

| Japan

Shinzo Abe's critics often suggest that the Japanese prime minister has yet to tackle serious structural reforms. They are quite wrong.

Abe has been advocating and embracing structural reform ever since he took office in 2012. Reforms in corporate governance, agriculture cooperatives and labor markets are some of the examples where specific measures have been implemented. It is true that benefits from these reforms have not become fully visible yet. The areas that need reform in this country to promote economic growth are the areas facing certain "structural problems" and thus require some time to address them. A quick fix cannot be expected.

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