With the raising of the sales tax from 5% to 8%, we are witnessing declining domestic consumption. Is this policy going to affect Japan's economic growth? I do believe that going forward, Japan has to start making real and suitable structural reforms to its economy before the worsening of its economy. Quantitative easing by the Bank of Japan and huge fiscal spending by the Japanese government can only aid the economy to grow to a limited extend, and the staggering public debt threatens the root of the Japanese economy., the fundamentals of the Japanese economy need to be fixed before it can escape from its decades of deflationary pressure. However, Japan remains a largely closed society and that has prevented it from moving forward to a limited extent. With declining population and a growing old age problem, it would appear that opening its door up to migrant workers might ......