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Japanization: What the World Can Learn from Japan's Lost Decades by William Pesek

Japanization: What the World Can Learn from Japan's Lost Decades

by William Pesek
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Book cover type: Hardcover
  • ISBN13: 9781118780695
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Wiley
  • Publisher Imprint: Wiley
  • Publication Date:
  • Pages: 226
  • Original Price: USD 34.95
  • Language: English
  • Edition: N/A
  • Item Weight: 504 grams
  • BISAC Subject(s): World / Asian and Economic Conditions

From the Inside Flap

Japan is the world's third-largest economy, Asia's only Group of Seven nation, and printer of one of the three truly international currencies -- so why can't it emerge from a 20-year economic malaise? Financial columnist William Pesek knows. In Japanization: What the World Can Learn from Japan's Lost Decades, Pesek examines the various factors that contribute to Japan's economic stagnation, and presents the solutions that can overcome the major forces stunting its growth.

While the infiltration of certain cultural traditions into the financial sphere has been responsible for some major issues, Pesek also delves into the impact stodginess and stubbornness can have when they become engrained, referring to Japan as "the economy that time forgot." In the book, Pesek explores the result of Japan's tendency to apply regulatory "Band-Aids" to staunch the economic bleeding from wounds that run much deeper within the economy's structure. Pesek also describes how many of these wounds are self-inflicted, and details ways in which other countries can avoid making the same mistakes.

The book uses case studies from major corporations including Olympus, Sony, and Toyota to illustrate the complex scenarios at work, and touches on the thoughts of Nobel Prize winners, respected social thinkers, and well-known investors. What happens in Japan affects markets the world over, so business professionals everywhere have a vested interest in reversing the current Japanese economic climate.

Governments and corporations around the world fear the spread of "Japanization" and the deflation and economic weakness it implies, but this book contains the critical information the business world needs to recognize the early warning signs and steer the market back toward positive growth. For business professionals on the global stage, Japanization: What the World Can Learn from Japan's Lost Decades contains key information that can immediately impact the global financial trajectory.

WILLIAM PESEK is a Bloomberg columnist in Tokyo. He provides opinions and commentary on economics, business, markets, and politics throughout Asia. His columns routinely appear in publications around the globe. Previously, he was a columnist for Barron's, writing about global economics, politics, and financial markets. William was the winner of the Society of American Business Editors and Writers (SABEW)'s 2010 award for commentary.

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