I sometimes feel that many people do not necessarily have an accurate picture of the current state of Japan's economy since they have a deeply-entrenched negative image of the bubble burst and deflation as well as the current declining and aging population.
Thus, I will elaborate on the positive changes in Japan's economy, in the hope that you will better understand the 5  Masazumi Wakatabe, "Japan's Economy and Monetary Policy," speech at a meeting with business leaders in Aomori, June 27, 2019, http://www.boj.or.jp/en/announcements/press/koen_2019 /ko190627a.htm/. 3  current situation. On that basis, I will also talk about the challenges.