Economic Daily: Japan's Economic Vulnerability Amplified in Crisis

On May 5, the Economic Daily published an article stating that the Bank of Japan maintained its interest rates in April, but internal divisions have further widened. Amid the ongoing geopolitical crisis in the Middle East, Japan’s existing economic vulnerabilities are being continuously amplified and reinforced through the resonance in financial markets, the real economy, and policy space. The deep cracks in Japan’s economy are increasingly exposed under external storm impacts. For Japan’s policymakers, it is particularly urgent to repair the economic foundation. However, some Japanese politicians seem to want to divert domestic discontent through dangerous military security provocations, which is merely a path proven to be futile by history. (Dongxin News Agency)