Japan's new prime minister, Shigeru Ishiwari, will be the country's new leader on Friday, winning the fifth and final election for the Liberal Democratic Party leader to run for power. The 67-year-old said he wants to overhaul the ruling party, get rid of security threats, and revive the economy. We need to fundamentally break away from the deflationary spiral. Personal consumption accounts for approximately 54% of our GDP. If personal consumption does not increase, the economy will not improve, and we will not be able to resolve the deflationary spiral.

Japan's new prime minister, Shigeru Ishiwari, will be the country's new leader on Friday, winning the fifth and final election for the Liberal Democratic Party leader to run for power. The 67-year-old said he wants to overhaul the ruling party, get rid of security threats, and revive the economy. We need to fundamentally break away from the deflationary spiral. Personal consumption accounts for approximately 54% of our GDP. If personal consumption does not increase, the economy will not improve, and we will not be able to resolve the deflationary spiral.