This Time, Japan's Recovery Seems for Real
Like cherry blossoms that symbolize springtime and renewal in Japan, signs of an end to the nation's 15-year economic slump are beginning to emerge. Shares are trading at five-year highs, property values are ticking up and consumer price deflation appears to be ending -- all indications that the world's second-largest economy appears poised for recovery. At the same time, say Wharton faculty and outside observers, Japan continues to face challenges as it grapples with sluggish and outdated financial institutions, massive government debt and strained political relations with its fast-growing neighbor, China. In this special section, we offer an overview of Japan's economy, a report on the move to reform its massive postal savings system, and an analysis of the important role China plays in Japan's recovery. In addition, we describe the impact that two Japanese Internet companies are having on corporate governance, and look at the revival of Japan's retail sector, with its continued emphasis on customer service and demand for high-quality brands.
Summary is courtesy of Knowledge @ Wharton (Wharton is the University of Pennsylvania's business school - one of the top b-schools in the US)
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Labels: business-impact, country-china, customer, governance, it-governance