Exploring theNew Economy
Under Covid-19

November/December 2020 (ISSUE 234) VOLUME 39 No.6

COVER STORY

Exploring the New Economy
Under Covid-19

C O N T E N T S
1What Will Be the Consequences of the Changein Japanese Leadership?
COVER LEAD

Exploring the New Economy Under Covid-19
By Naoyuki Haraoka

4

COVER STORYSPECIAL ARTICLE

35 1 Anime Businesses Move Online to Survive thePandemic
By Roland Kelts

39 2 Will “America First” Leave America Alone?
– The Trump Administration’s Trade Policyin the Indo-Pacific Region
By Darah Phillip

43 3 Growth Triggers in Asia-Pacific: Quality Infrastructure& Digital Economy
By Priyadarshi Dash

47 4 Covid-19 & Environmental Sustainability
By Vesselin Popovski

51 5 Trends in North Korea: the Impact of Economic
Sanctions, Growing North-South Tension & Reform
Under Self-Reliance
By Mitsuhiro Mimura

55 6 History & Risk
By Vaclav Smil

57 7 LOST & FOUND COWBOY – Uplifting Cross-Cultural
Online Comedy in the Time of Pandemic (Part 1)
By Atsushi Ogata

61 ECONOMISTS’ VIEWS ON THE GLOBAL ECONOMY
Taxation on Waste Will Lead to Optimal Portfolio
Allocation in Green Investment

By Naoyuki Yoshino, Farhad Taghizadeh-Hesary & Muhammad Zubair Mumtaz

65 JAPANESE VENTURES & THE FUTURE OF THE ECONOMYInterview with Mitsuko Sugano, Senior Fellow, Corporate Research &Development Center, Toshiba Corporation

Toshiba Applying Nanotechnology in Search of MedicalRemedies
By Japan SPOTLIGHT

NEXT ISSUE
The Jan./Feb. 2021 issue will highlight the Global Economic Outlook
2021, as growing attention will be paid to public health and theeconomy under the pandemic next year. The views of IMF, OECD,
World Bank and ADB representatives will be presented. Our nextissue will be published on our website on Jan. 10, 2021.

1 Interview with Udith Sikand, Senior Emerging MarketsAnalyst, Gavekal Research Ltd.

Global Investment Analyst Provides Views
on the Prospects for a New Economic
Society with Covid-19

PUBLISHER’S NOTE

By Kazumasa Kusaka

24By Japan SPOTLIGHT

82 With Fiscal Expansion in Response to theCoronavirus, Abenomics 2.0 Can Bring
Japan Out of Deflation
By Takuji Aida

14 3 Impact of Covid-19 on Financial Markets –Japanese Economy Peaked Prior to the Virus
By Koichi Kurose

18 4 Expansion of PCR Testing Is the Key to an

Exit Strategy, But Which Is More Important– Sensitivity or Frequency of Tests?
By Kazumasa Oguro

22 5 Interview with Dr. Karl Aiginger, Director of the Policy
Crossover Center: Vienna-Europe

Industrial Policy to Be Highlighted in theAge of the Pandemic
By Japan SPOTLIGHT

25 6 Interview with Dr. Gary Hamel, Co-author of the book
Humanocracy

How Can We Revive Organizations as
Innovative as the People Inside Them?
By Japan SPOTLIGHT

31 7 Interview with Darrell Rigby, Partner, Bain & Company

The Crisis in Public Health & Economy –Innovation to Tackle the Challenges
By Japan SPOTLIGHT

68 STUDENT VIEWMomofuku Ando’s Impact on Japan with His InstantRamen Invention in 1958
By Shenger Zhou

70 ECONOMIC INDICATORS FOR JAPANHas the Japanese Economy Bottomed Out?
By Nobuo Iizuka

Publication date: November 10, 2020 (Published on the 10th of every odd month)
Publisher: Kazumasa Kusaka, Chairman & CEO, Japan Economic Foundation (JEF)
Editor-in-Chief: Naoyuki Haraoka
Editorial Staff: Masako Watanabe, Asuka Niwa
Design: PRITECH Co., Ltd.

https://www.jef.or.jp/journal/Copyright ©1982-2020 Japan Economic Foundation. All rights reserved.
Materials may not be reproduced without written permission.

The opinions expressed in the articles published in Japan SPOTLIGHT are those of the authors and do not necessarily reflect the views of the Japan Economic Foundation.