The Impact of Economic Policies

By 10/12/2023未分類

(Photo) Japanese painting by Nagasawa Rosetsu (1892 – 1951)

Recently, news broke that baseball star Shohei Ohtani has finalized his move to the Los Angeles Dodgers. A shining talent in the Major League Baseball’s home run competitions, it’s hard to imagine him returning to Japanese professional baseball.

This reminds us of the case of Ichiro Suzuki, who moved from Kobe’s Orix to Major League Baseball and retired without returning to Japan. Such situations stem from the failure of the Japanese government’s economic policies, particularly the consumption tax policy, which has led to no increase in Japanese salaries for 30 years.

Talented individuals are high taxpayers. The outflow of such high-value individuals from Japan is a consequence of the government’s economic policies, a fact that the Japanese public needs to recognize. To reverse this trend and retain domestic talent, thus revitalizing the economy, a revision of these economic policies is urgently needed.

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