Economic optimism
The New York Times has offered up an analysis of Japan’s positive economic signs, a common theme in the news recently. They manage to do so with a lot more depth than the typical news piece, however. Here’s just a taste:
Even more important [than Koizumi’s reforms], they say, has been a slow but steady revolution in Japan’s clubby business culture, as hard times forced companies to become leaner and more aggressive. Japanese managers have been discarding their traditional distaste for confrontation and ending lifetime job guarantees. And the companies are investing heavily in new technology.
Well worth reading.
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