With this motivation, those of us active in evolving global markets - whether as private sector participants or as policy officials - have been endeavoring to understand the sources of instability that have flared up at times in recent years.
In this context, the government decided the Japan Revitalization Strategy 2016 in June 2016 and launched the 10 strategic public-private joint projects, in which the public and private sectors share knowledge and strategy, and cultivate new promising markets (Chart 4). Looking at the list of projects may leave an impression that it is an all-around list of challenges facing Japan's economy.