From:
Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "Japan’s Fiscal Dilemma." Professor Ito states in the article that, "Soon after announcing his intention to pay for the planned increase in Japan’s defense budget by raising taxes, fierce opposition, including from his own party, forced Prime Minister Fumio Kishida to backtrack. But, to protect future generations, Japan must maintain fiscal prudence rather than continue to amass debt."
