Is the Japanese Economy a Looking-Glass on Our Future? Politique étrangère, Vol. 76, No. 1, Spring 2011
Supposedly bogged down by a drawn-out crisis, Japan currently produces as much as China.
Its economy is faced with tough challenges, such as the lack of political leadership, public sector debt, and a rapidly aging population. But Japan’s assets are just as tangible as the difficulties it faces: technological excellence, dynamic trade, financial power, and economic and commercial leadership in Asia. Strong political leadership, re-instilling faith in the country, could be the key to boosting the economy.