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Item Description Ozawa, Terutomo en_US 2008-11-19T19:18:32Z 2008-11-19T19:18:32Z 2001 en_US
dc.description For more about the East-West Center, see <a href=""></a> en_US
dc.description.abstract Just over a decade ago, the phenomenal economic growth of Japan was admired and even feared. It had pursued a successful strategy of industry upgrading to catch up with the West, maximizing bank-based, state-directed financing. Ironically, the very institutional setup that was required for success eventually resulted in a devastating economic downturn. Japan remains languishing in a state of economic stagnation, but that may change: market forces are now driving Japan to carry out major reforms. A market-oriented business environment is crucial, and thus Japan is being propelled toward deregulation and institutional reform. In particular, its traditionally protected, inner-dependent sector must be opened to competition in order to improve efficiency, and obstacles to direct foreign investment must be eliminated. Although the process is a gradual one that has been further hampered by the slump in the U.S. economy, dramatic changes are in motion, creating promising roles and opportunities for foreign investors as well as potential for Japan to realize a new economic vitality. en_US
dc.format.extent 8 pages en_US
dc.language.iso en-US en_US
dc.publisher Honolulu: East-West Center en_US
dc.relation.ispartofseries AsiaPacific issues ; no. 57 en_US
dc.subject.lcsh Japan - Economic conditions en_US
dc.subject.lcsh Investments, Foreign - Japan en_US
dc.title Putting the pieces in place for Japan's economic recovery en_US
dc.type.dcmi Text en_US

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  • AsiaPacific Issues [120]
    Papers in the AsiaPacific Issues series address topics of broad interest and significant impact relevant to current and emerging policy debates. These eight-page, peer-reviewed papers are accessible to readers outside the author's discipline.

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