William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Key watchpoints will be whether corruption and cronyism worsen


Ferdinand "Bongbong" Marcos Jr. celebrates outside his headquarters in Mandaluyong on May 11: Hints might come from his cabinet choices. © AP
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."