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The Nikkei View

Philippine President Marcos needs to learn from father's mistakes

New leader faces tough choices on infrastructure and fiscal health

For Ferdinand Marcos Jr. to tap the Philippines' significant potential, the new president needs to ditch his father's economic playbook.   © Reuters

Ferdinand "Bongbong" Marcos Jr., the 64-year-old son of the late Philippine dictator Ferdinand Marcos, takes his oath as the country's 17th president on Thursday.

His desk will be stacked with pressing issues. He needs to decide how to address the South China Sea, amid the U.S.-China tug of war over the region. The Ukraine conflict has pushed up food and energy prices, squeezing the economy. A weak currency adds to the sting.

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