William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Even if managed well, it will not address poverty, inflation or corruption


Ferdinand Marcos Jr. in Manila on Oct. 5: The Philippine president is prioritizing a tired idea from yesteryear rather than forging a new path. © AP
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."