The Nikkei is saying that the new package will have four pillars -- infrastructure development, financial support for small businesses, mobilization of underutilized human resources, and disaster prevention measures.

Abe correctly said in 2013 that the economy needed to be turned around with three arrows. The third arrow, which was supposed to be deregulation and reform is in our opinion where he has failed.

The Japanese government is now plotting a future course based on software/content and soft (tissue) engineering. If really happening, it will create all kinds of opportunities for start-ups both local and inbound.

Tuesday, June 26th, 2013, marks our final issue of the American Chamber of Commerce in Japan magazine, the ACCJ Journal, published since 2008 by Japan Inc. Communications.

In light of the daily onslaught of "feel good" news about Abenomics, those of us in business are starting to wonder when all the positive commentary will translate into actual improved sales and earnings in our own teams.