Economy remains Japan's biggest problem in new era

Editor's note: The accession of Emperor Naruhito to the Chrysanthemum Throne was formally recognized in a ceremony on May 1, which marked the end of the Heisei era and the start of the Reiwa era. In a post published on his WeChat account, Qin Shuo, a financial commentator, commented:

Perhaps the biggest legacy of Akihito, father of the new emperor, is that Japan is no longer pursuing economic growth.

The scale of the economy is shrinking and the material desires of the people are shrinking. The material life of the next generation will be much simpler than the previous generation.