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The headlines from Japan paint a bleak picture of bad loans, ballooning government debt, increasing unemployment & stock market losses. The political scene has also offered little encouragement, with strong institutional obstacles to reform & mostly ineffective political leadership that fails to address pressing challenges. Japan's predicament seems all the more stark when compared to the robust economic growth of neighboring China. Yet Japan remains the world's second largest economy, & there are important forces for change at work in Japanese society. This report maintains that if these are reinforced the country is likely to find a new political footing & thereby regain its economic footing. Charts & tables.Wilson, Pete is the author of 'Can Japan Come Back Report of the Pacific Council on International Policy Task Force on Understanding Tomorrows Japan' with ISBN 9780756731366 and ISBN 0756731364.
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