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Japan

23 5 5
19.01.2018

Makiko Eda has been named chief representative officer of the World Economic Forum's Japan office, effective April 1.

Eda has been president of Intel Japan since 2013.

The World Economic Forum hosts an annual meeting in Davos, Switzerland, at which leaders from around the world gather to discuss economic and other issues.

In her commentary submitted to The Asahi Shimbun, Eda addresses the challenges facing Japan amid rapid demographic and technological changes.

* * *

Japan is poised for dramatic economic growth. In 2015, Prime Minister Shinzo Abe pledged to boost its GDP to 600 trillion yen ($5.4 trillion) by the time Tokyo hosted the Olympics in 2020. As this would require consistent annual growth rates of 3 percent, there are some who might deem it unrealistic.

But the country’s economic turnaround means 600 trillion is within reach; and with this new shot of confidence, it’s a goal at least worth aiming for. Japan has just clocked its longest growth streak--seven consecutive quarters--since 1994. The rate for the last quarter was 2.1percent.

The interventionist stance of “Abenomics”--boosting the Japanese economy with government-spending packages the $17.8 billion plan announced before........

© The Asahi Shimbun