June 8, 2010

WHY WOULD A DYING NATION BE CONFIDENT?:

Japan: Land of the setting sun?: More than a decade's economic stagnation had virtually paralysed Japan. While remaining the world's second-largest economy, it watched China's rise with part anxiety and part greed. (Business Standard, 6/08/10)

Has the 'Land of the rising sun' become the 'land of a setting sun'? Nobody should write Japan off so easily. It is still the world's second-largest economy.

While China may grab that position sooner than later, Japan still invests more in R&D and new technology development than China.

Japan has been home to wide-ranging innovation, especially in energy and nano-technology.

However, Japan does require economic stimulation and political stability. Above all, Japan has to regain its self-confidence and reclaim its position as one of the most enterprising nations of our times.

Posted by Orrin Judd at June 8, 2010 6:07 AM
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