How troubled is Japan's sophisticated economy and ageing society really?
This article goes some way explaining but fails to point which way Japan might ultimately be headed for.
This article goes some way explaining but fails to point which way Japan might ultimately be headed for.
It is not unrealistic to accept that the country has entered a phase of relative decline by merit of main competitors rather than its own demise.
I take the view that there are new challenges facing Japan whose peak was reached many years ago. I also believe the nation could still surprise itself and many across the world for it is not done with by any means.
In fact, the trouncing it was subjected to by Mother Nature last year might in the longer run provide the country with renewed impetus and sense of collective purpose.
While other developed economies strugge to get by Japan's looks set to post substantial growth on the back of public investment (reconstruction) and private spending.
Exports will eventually bounce back strongly once the yen settles to fairer rates and industry chiefs weigh in all the options left to them.
I take the view that there are new challenges facing Japan whose peak was reached many years ago. I also believe the nation could still surprise itself and many across the world for it is not done with by any means.
In fact, the trouncing it was subjected to by Mother Nature last year might in the longer run provide the country with renewed impetus and sense of collective purpose.
While other developed economies strugge to get by Japan's looks set to post substantial growth on the back of public investment (reconstruction) and private spending.
Exports will eventually bounce back strongly once the yen settles to fairer rates and industry chiefs weigh in all the options left to them.
It is a measure of how strong Japan remains - despite the most severe punishment of all dealt by Nature - that just over a year later nuclear stations have shutdown but will soon start up again, hopefully on improved safety envelopes.
In the world's third largest economy moving from 27-30% nuclear power generated electricity to other sources on such short timespan is a huge achievement in and of itself.
The trade balance swung into deficit, a new experience to the country in a longtime, but evidence points to a narrowing gap over the coming months.
In the world's third largest economy moving from 27-30% nuclear power generated electricity to other sources on such short timespan is a huge achievement in and of itself.
The trade balance swung into deficit, a new experience to the country in a longtime, but evidence points to a narrowing gap over the coming months.
Japan's leadership, both political and economic, however, must have realised that the country's present and future prosperity can only be sustained if it should retain most of the industrial base intact.
If the economic model hasn't changed significantly over the last 1-2 decades, despite every advance made by the new economy and claims to the contrary, home manufacturing is critical to any country aspiring to matter on a global scale.
Japan Inc. knows it, which probably explains the country's limited deindustrialisation so far.
If the economic model hasn't changed significantly over the last 1-2 decades, despite every advance made by the new economy and claims to the contrary, home manufacturing is critical to any country aspiring to matter on a global scale.
Japan Inc. knows it, which probably explains the country's limited deindustrialisation so far.
Japan simply cannot afford to hollow itself out (of industry) after painstakingly building up its level of wealth and hard earned development over consecutive decades.
The paucity of natural resources and propensity to natural calamities - both beyond the scope of the archipelago's inhabitants - leave JAPAN no option but to produce and sell.
It is too soon to count the Japanese people out.
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