William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Governments will pay price of delaying tough reforms when the going was good

Repatriated overseas Filipino workers arrive at an airport after weeks of quarantine in Pasay City on May 26: people are the Philippine main export. © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."