After seven long years of economic malaise, it is clear that something has gone awry in Japan. Unless Japan undertakes sweeping reform, official forecasts now warn, growth will steadily dwindle. How could the world's most acclaimed economic miracle have stumbled so badly? As this important book explains, the root of the problem is that Japan is still mired in the structures, policies, and mental habits of the 1950s-1960s. Four decades ago while in the "catch-up" phase of its economic evolution, policies that gave rise to "Japan, Inc". made a lot of sense. By the 1970s and 1980s, when Japan had become a more mature economy, "catch-up economics" had become passe, even counterproductive. Even worse, in response to the oil shocks, Japan increasingly used its industrial policy tools. not to promote "winners", but to shield "losers" from competition at home and abroad. Japan's well-known aversion to imports is part and parcel of this politically understandable, but economically self-defeating, pattern. The end result is a deformed "dual economy" unique in the industrial world. Now this "dualism" is sapping the strength of the entire economy. The protection of the weak is driving Japan's most inefficient companies to invest offshore instead of at home. Without sweeping reform, real recovery will prove elusive. The challenging thesis articulated in this book is receiving widespread media attention in the United States and Japan and is sure to provoke continuing debate and controversy.

Ozawa Ichirō was the axis on which Japanese politics turned for more than two decades. He helped to reshape the electoral system, political funding rules, the evolution of the party system, the nature of executive government, the roles and powers of bureaucrats, and the conduct of parliamentary and policymaking processes. Admired and reviled in almost equal measure, Ozawa has been the most debated and yet least understood politician in Japan, with little agreement to be found amongst the many who have debated his patent political assets and palpable political flaws. This book examines the political goals, behaviour, methods and practices of Ozawa Ichirō, and in doing so, provides fascinating insights into the inner workings of Japanese politics. It explores Ozawa’s paradoxical and conflicting contributions in terms of two contrasting models of ‘old’ and ‘new’ politics. Indeed, therein lies the problem of understanding the ‘real’ Ozawa: he remained a practitioner of old politics despite his rhetorical agenda of change to bring about new politics. In seeking to unravel the Ozawa enigma, Aurelia George Mulgan reveals his primary motivations, to establish whether he sought power primarily to enact reforms, or, whether his reform goals simply disguised power-seeking objectives. This volume seeks to illuminate Ozawa’s true character as a politician, and untangle the complex elements of old and new politics that he represents. Through an in-depth study of Ozawa and his political activities, this book shows how the Japanese political system works at the micro level of individual politicians, political relationships and systems. As such it will be of huge interest to students and scholars of Japanese politics, Asian politics and political systems.

Table of contents

A valuable addition to ABC-CLIO's Global Studies series, this resource covers Japan in two main sections—a narrative history and an extensive general reference section. Japan: A Global Studies Handbook offers a friendly introduction to this vital, ancient country. In a series of practical, readable essays, this title explores Japan's island geography and its influence on the nation's history. Japan traces the "economic miracle" that was born in the ashes of World War II and grew into an economy seven times the size of China's—but at considerable social cost. It examines Japan's vibrant cultural traditions—from the 11th century's The Tale of Genji to karaoke, sushi, and the "salary man." Japan entices readers to continue their exploration by offering an inviting collection of jumping-off points: a timeline of Japanese history; a mini-encyclopedia of significant people, places, and events; and an annotated bibliography covering all aspects of Japanese society.