Of the six headwinds, the issues of a historically strong yen, delayed creation of EPAs, and high corporate tax rates can be said to have been mostly resolved.
In particular, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11), which came into effect in December 2018, and the Regional Comprehensive Economic Partnership (RCEP), which came into effect in January 2022, have lowered barriers to exports and overseas expansion, raising hopes of more aggressive corporate activities taking advantage of these frameworks.