Fumio Kishida's "New Japanese Capitalism" Might Be Just What the Country Needs

The country's new prime minister says he wants a "virtuous cycle in which raising the incomes of a wide range of people stimulates consumption"

For decades, Japan has been giving us a glimpse of our future. What were once considered exotic or freakish characteristics of the country’s economy have since become the norm across much of the world’s production centers. Similarly, policies that were once viewed as outlandish responses to Japan’s unique problems have since been adopted or imitated els…