Tuesday, December 28, 2010

Japan�s Economic Future in Doubt: A National Introspective


It�s not been a good year for Japan. China has recently overtaken the Land of the Rising Sun as the world�s second biggest economic power and a recall of over ten million vehicles by one of the nation�s biggest and most respectable companies, Toyota, kicked off a global PR debacle that some analysts predict will take years to recover from.

Add to that Japan�s aging population, its growing national debt and heavy reliance on manufacturing, all of which are effectively killing what was once thought destined to be the world�s leading economic superpower. The departure of its fourth Prime Minister in three years and a nasty diplomatic row with China over the detention of a trawler captain by the Japanese Coast Guard is also hurting.

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