Such improvement in economic metabolism illustrates the abstract concept of strengthening the growth potential of Japan’s economy. Needless to say, the process of exploring frontiers is very tough. However, we should note that Japan has an advantage in international competition in terms of geography, in that it is located in Asia, which is the driving force behind global economic growth.
27  See Cetorelli and Goldberg (2012), Bekaert, Hoerova and Lo Duca (2013), Miranda-Agrippino and Rey, (2014) and Bruno and Shin (2015b). 28  See Georgiadis and Mehl (2015), Rey (2013) and Rey (2015). 29  Davis and Presno (2015). 30  See Jeanne and Korinek (2013), Mendoza and Bianchi (2011) and Brunnermeier and Sannikov (2015).