Japan is considered the third-largest economy in the world and a highly developed free-market economy. From the European contact in the 16th century to the Abenomics age, Japan has experienced fluctuations from rapid economic growth to the economic bubble crisis in the 20th century. Under Shinzo Abe administration, the government is keen to bring out a forward and positive outlook for the Japanese people and economy. Japan can achieve this only by reforming the country’s economic system, a...