Collapse and transformation -- Japan's modernization and industrialization -- The formation and collapse of the public construction state -- From structural reform to institutional reform -- Development of global corporations -- The Japanese banking system and its nonperforming loan problem -- Reopening Japan and reforming the foreign policy regime -- The formation of the Japanese meritocracy system -- The central versus local government debate -- Fundamental change in agricultural policy -- Health care reform -- Building a new nation
Summary
"In this book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of "Mr. Yen," envisions a social and economic revolution that encompasses all sectors of Japanese society. Whereas previous analyses of Japanese policies of the past decade focus narrowly on such issues as nonperforming assets and deregulation, Sakakibara provides a new perspective."--BOOK JACKET
