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These challenges are indeed real and enormous, as you point out. Nevertheless, we should also keep in mind Japan's proven ability to utterly transform itself i
by lovemenot 12y ago
These challenges are indeed real and enormous, as you point out.
Nevertheless, we should also keep in mind Japan's proven ability to utterly transform itself in a short time. Meiji and post-WWII are two precedents. Each of these change events required the following conditions:
- clear development model to proceed towards
- external pressure creates (perceived) existential threat
Such conditions do not pertain in Japan now, yet they may do so again in the future. I feel sure that the first is a necessary condition to transformative change. The second condition is perhaps optional.
- rrggrr 12y agoIt will be about 10 years before, demographically speaking, Japan can literally work its way into growth. Others have posted about the country's reluctance to embrace immigration and I'm afraid that is the necessary transformation unless they can find a way of innovating or enhancing productivity on a massive scale.