Accordingly, I have authored a white paper, ‘Opportunities for a DPJ-led government to achieve sustainable fiscal reform,’ with Naomi Fink. Naomi is a market practitioner with eleven years of experience in financial institutions. She is currently Bank of Tokyo Mitsubishi’s Japan Strategist, based in Tokyo. All contributions herein represent her personal opinions and not those of her employer.
Our purpose is to suggest that the DPJ is actually quite well placed to move the Japanese economy in a different direction, but it needs a more focused economic strategy. Its growth strategy contains some good policies, but it is unfocused, barely deserving the label ‘strategy.’
Here is the abstract: ‘There is significant probability that the upcoming Japanese general election on 30 August will bring a change in government for Japan. In the attached White Paper, Tobias Harris and Naomi Fink examine the political implications of a DPJ leadership, outlining its potential benefits and challenges. Harris and Fink argue that if elected, the DPJ will have significant opportunities to enact positive fiscal and political changes in Japan, then outline policy prescriptions for the DPJ’s first year in office, focusing on fiscal reform.’
You can read the paper here.