By S. Carpenter
This publication contends that structural reforms, the basic 3rd arrow in Abe's 'Abenomics', won't take place. accordingly, Abenomics is simply a mixture of reckless financial coverage and ambiguous financial rules in order to fail to regenerate Japan's fragile financial system and minimize sovereign debt.
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Extra resources for Japan Inc. on the Brink: Institutional Corruption and Agency Failure
However, it was not until I began working for Japanese corporations and government agencies that I saw Japan Inc. unmasked. Research methodology An important feature of this book is how issues are introduced and addressed through the medium of work experiences in Japanese organizations which serve to highlight the integration of business and government in the socio-political context. Fluency in Japanese was requisite to having direct access to information culled from sources within those organizations.
Prior to the war, Japan was a debtor nation that imported goods and services from America and Europe. But as the export-driven economic boom continued, it became a creditor nation with a trade surplus. Although Japan saw no action during the war, it took advantage of its position as a member of the Allied powers to expand into Manchuria. Germany’s engagement in Europe reduced the number of troops in Manchuria thus weakening its military presence in the territory which had been leased from China in 1898.
Foreign media have been objecting for years about the barriers and are obliged to work within a certain context and conditions and, therefore, reporting is confined to accommodating these conditions. Their publications may not assess the entire story and their analyses of current events may also be incomplete. However, it also must be emphasized that there is little information sharing between divisions in Japanese organizations, which will be discussed in a subsequent chapter. The efforts of academics and commentators to access reliable information is further complicated by the insularity of organizations and their reticence to open their doors to outside observation by both Japanese and non-Japanese.
Japan Inc. on the Brink: Institutional Corruption and Agency Failure by S. Carpenter