A Communist Party newspaper has warned Japan that tying economic growth to 'militaristic adventurism' risks instability, with citizens bearing the costs. The piece criticizes Prime Minister Sanae Takaichi's 'Takaichinomics' as no cure for the economy but a poison accelerating its decay.
The People's Daily published a commentary on March 24 cautioning Japan against 'new militarism' and 'Takaichinomics,' warning of risks to stability. It states that Prime Minister Sanae Takaichi's administration's obsession with militaristic adventurism is 'by no means a cure for the Japanese economy, but a poison that will accelerate its decay.' The piece describes 'Takaichinomics' as a blend of aggressive public spending and increased investment in defence and economic security. It accuses Tokyo of masking governance failures through arms spending and fiscal expansion, a move some critics say could worsen Japan's massive public debt. The commentary notes Japan faces a 'dual squeeze' from an 'oil premium' and a struggling yen, with impacts spreading from the energy sector to daily lives.
