An in-depth look at Japan's economic malaise and the steps itmust take to compete globally
In Japanization, Bloomberg columnist WilliamPesek--based in Tokyo--presents a detailed look atJapan's continuing twenty-year economic slow-down, the politicaland economic reasons behind it, and the policies it could andshould undertake to return to growth and influence. Despite newPrime Minister Shinzo Abe's promise of economic revitalization,investor optimism about the future, and plenty of potential,Japanization reveals why things are unlikely to change anytime soon.
Pesek argues that "Abenomics," as the new policies are popularlyreferred to, is nothing more than a dressed-up version of the sameold fiscal and monetary policies that have left Japan withcrippling debt, interest rates at zero, and constant deflation. Heexplores the ten forces that are stunting Japan's growth and offersprescriptions for fixing each one. * Offers a skeptical counterpoint to the popular rosy narrativeon the economic outlook for Japan * Gives investors practical and detailed insight on the realcondition of Japan's economy * Reveals ten factors stunting Japan's growth and why they areunlikely to be solved any time soon * Explains why most of what readers believe they know aboutJapan's economy is wrong * Includes case studies of some of the biggest Japanesecompanies, including Olympus, Japan Airlines, Sony, and Toyota,among others
For many investors, businesspeople, and economists, Japan's longeconomic struggle is difficult to comprehend, particularly giventhe economic advantages it appears to have over its neighbors.Japanization offers a ground-level look at why its problemscontinue and what it can do to change course.