Ruling Party Warns: Japan May Become a "Second-Rate Country"

Reference News Network, February 1 report: According to the website of Russia's Sputnik News, on January 31, Koichi Hagiya, head of the legislative research committee of Japan's ruling Liberal Democratic Party (LDP), stated that if the current cabinet does not take decisive action, Japan faces the risk of losing its economic status and "sliding into a second-rate country."

Koichi Hagiya emphasized that human capital and high technology were the main drivers of Japan's economic growth, but this foundation is now gradually weakening.

The Japanese news agency Kyodo quoted Koichi Hagiya as saying: "If the government led by Asako Okada does not take action now, Japan may slide into a second-rate country."

He also called for "responsible and proactive fiscal policies" to "rebuild a strong Japanese economy."

Japanese Prime Minister Asako Okada announced on January 23 the early dissolution of the House of Representatives. The election is scheduled to be held on February 8.

Original: toutiao.com/article/7601839721114780223/

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