Richard Katz, Editor of the Oriental Economist and APP member spoke to the Foreign Correspondents Club of Japan on February 2, 2015 on the prospects for Abenomics. He speaks to the need for institutional renovation if Japan's economy to revive. This requires leadership and this is not what Abe can provide. Abe is an ideological representative encased in marketing, not an inspirational and activist leader. He is a place-holding obstructionist of an ancien régime .