COVER STORY

January/February 2020 (ISSUE 229) VOLUME 39 No.1

C O N T E N T S

Japanese Economy
After the Olympic& Paralympic
Games Tokyo 2020
1

PUBLISHER’S NOTE

The Assumption of Natural Disasters &How to Prepare for ThemBy Kazumasa Kusaka

2

COVER LEAD

Japanese Economy After the Olympic &Paralympic Games Tokyo 2020
By Naoyuki Haraoka

4

COVER STORY

49 SPECIAL ARTICLE
Youth Unemployment in Malaysia & the Region
By Calvin Cheng & Juita Mohamad

54 HISTORY OF RELATIONS OF ASIAN COUNTRIESUchiyama Shoten: Rethinking Interwar Sino-JapaneseIntellectual Exchange
By Andrew T. Kamei-Dyche

58 ECONOMISTS’ VIEWS ON THE GLOBAL ECONOMYLand Acquisition for Infrastructure Development ThroughLand Trusts
By Naoyuki Yoshino & Nicolás Galarza Sanchez

PERSPECTIVES ON GLOBAL RISKS: THE 3RD JEF GLOBAL RISK SYMPOSIUM

62 1 The EU & Japan: Partners for Stability in theIndo-Pacific?
By Eva Pejsova

66 2 Contrasting Policies Regarding North Korea & Iran
By Mark Fitzpatrick

69 3 The North Korean Economy After Economic Sanctions
By Yong Sueng Dong

74 ECONOMIC INDICATORS FOR JAPANRush in Private Consumption & Negative
Repercussions: Was It Different This Time?
By Nobuo Iizuka

NEXT ISSUE
Our March/April 2020 issue will revisit geopolitical risks andhighlight how private businesses could be involved in mitigating
them, on the assumption that such businesses would be seriously
affected by these risks. Our next issue will be published on ourwebsite on March 10, 2020.

Japanese Economy After the Olympic &Paralympic Games Tokyo 2020
41 Interview with Ryan Sweet, Economist at Moody’s Analytics
US Economy Slowing Down in 2020, But
Recession Is Unlikely
By Japan SPOTLIGHT

82 Interview with Will Denyer, US Economist at Gavekal
Research Hong Kong OfficeWorld Economic Outlook for 2020 – Optimismwith Prudence About Policy Uncertainties
By Japan SPOTLIGHT

12 3 A Perspective on the Chinese Economy in 2020
By Long Ke

16 4 Roundtable with Nobuyasu Atago, Kyohei Morita & Naoki
Murakami

Japanese Economic Outlook for the Year of
the Olympic & Paralympic Games Tokyo
2020 – Searching for Stable Growth Beyond
By Japan SPOTLIGHT

22 5 Policy Uncertainty in Japan & Its Effects

By Elif Arbatli Saxegaard, Steven J. Davis, Arata Ito & Naoko Miake

27 6 Interview with David Bickle, President, the BritishChamber of Commerce in JapanThe Legacy of the Rugby World Cup 2019
in Japan Will Be Good for the Olympic &Paralympic Games Tokyo 2020
By Japan SPOTLIGHT

31 7 Interview with Hiroki Nakamura, JOC Career Academy

Program Manager, National Training Center, JapaneseOlympic Committee

Legacy of the Olympic and Paralympic
Games Tokyo 2020 – the Prominence ofSport in the Nation’s Life
By Japan SPOTLIGHT

35 8 Digital Tourism in Japan’s Inbound Travel

SectorBy Terrie John Lloyd

38 9 Walk This Way: Universal Value in theJapanese Countryside
By Adam Fulford

42 10 Film Tourism: Something for Everyone
By Barry Natusch

45 11 Interview with Kousuke Kinoshita & Aya Sakamoto,
Nihonbashi Urban Planning and Development
Department, Mitsui Fudosan Co., Ltd.

Nihonbashi, the Oldest District in Tokyo,
Reborn as “Entrepreneurial Town”
By Japan SPOTLIGHT

Publication date: January 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/

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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.