Japan's Economy Has Turned Around: The Economist
In its first issue of the new year, the Economist says Japan is back:
"Shaking off a long slump, Japan looks to an era of strength. Despite continuing problems, businesses and individuals are ready to realize [the economy's] full potential.
"Fifteen rough and troubled years since the collapse of the infamous asset bubble of the late 1980s, Japan finally seems to have turned itself around. A continuing wave of shake-ups has completely redrawn the political map. In the corporate world, the "survival of the fittest" norm rules more ruthlessly than ever. During the long economic slump and deflation, the weak and unfit were shown the exits and only the strong and innovative survived.
"Now that the economy is back on a recovery track, we can recognize some facets of Japan's underlying power. Although the economy still faces serious problems, such as the declining birthrate and the rising public debt, the year 2006 may open an era of strength for the country, as well as for companies and individuals."
"Shaking off a long slump, Japan looks to an era of strength. Despite continuing problems, businesses and individuals are ready to realize [the economy's] full potential.
"Fifteen rough and troubled years since the collapse of the infamous asset bubble of the late 1980s, Japan finally seems to have turned itself around. A continuing wave of shake-ups has completely redrawn the political map. In the corporate world, the "survival of the fittest" norm rules more ruthlessly than ever. During the long economic slump and deflation, the weak and unfit were shown the exits and only the strong and innovative survived.
"Now that the economy is back on a recovery track, we can recognize some facets of Japan's underlying power. Although the economy still faces serious problems, such as the declining birthrate and the rising public debt, the year 2006 may open an era of strength for the country, as well as for companies and individuals."
posted by Blogmaster | 12:43 AM
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