Some may appear verbatim , but in general I will preserve the core concepts while changing the phrasing. Obviously, this works best if you combine both theoretical and empirical points in your counter to him. All that needs be done is overcome the pessimism that has generated the current cyclical downturn of the economy. Use the savings-investment balance approach to explain the evolution of Japan's macroeconomy over the past 30 years, and to project a future scenario for the economy. Possible examples include inflation data, GDP growth data, trade balance data, and data on government budgetary deficits.
Japan is a good example that Keynesian fiscal policies work.
Sectoral and other questions Japan plays an important and constructive role in the structure of security and trade in the Pacific. Cartels in Japan should not be a concern of US policymakers. It's after all the Japanese who pay the cost of such policies via high prices that lower their welfare, not ours. Structural reform is practical, and would rapidly improve the livelihood and real income of the average Japanese, with few macroeconomic side-effects. Japan is the engine of growth for Asia, and if it stalls, recovery elsewhere is inevitably hampered.