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Friday, April 18, 2014

What the World Can Learn from a Japanese Economic Funk That Began More Than 20 Years Ago?

Japan had recently embraced the new strategy of economic growth to be achieved in 2020. Despite new Prime Minister Shinzo Abe’s promise of economic revitalization, investor optimism about the future and plenty of potential, Bloomberg columnist William Pesek argues that "Abenomics," is just another dressed-up version of the same old fiscal and monetary policies that have left Japan with crippling debt, zero interest rates, and constant deflation. His new book, Japanization: What the World Can Learn from Japan’s Lost Decades, shows what the world can learn from a Japanese economic funk that began more than 20 years ago.

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

By: William Pesek
ISBN: 978-1-118-78069-5
Japanization presents a detailed look at Japan’s continuing twenty-year economic slow-down, the political and economic reasons behind it, and the policies it could and should undertake to return to growth and influence.  It explores the ten forces that are stunting Japan’s evolution into a more vibrant, creative and competitive economic species; and presents prescriptions for each one.

The book contains critical information the business world needs to recognize the early warning signs and steer the market back towards positive growth:
  • Details the self-inflicted policy wounds undermining vibrancy
  • Demonstrates the ways in which most of what readers believe they know about Japan is wrong
  • Exhibits how Japan is a living laboratory for aging nations looking for policy options
  • Highlights how many of the attributes we often consider to be Japanese strengths are becoming weaknesses
  • Clearly explains just how fixable many of these challenges are
Japanization covers case studies of some of the biggest and most-observed companies, including Olympus, Japan Airlines, Sony, and Toyota; and Nobel Prize winners: Paul Krugman, Aung San Suu Kyi and Muhammad Yunus; big social thinkers like Malcolm Gladwell, and some of the best-known investors including Warren Buffett and Donald Trump; sports stars from Ichiro Suzuki to Hideki Matsui to Bobby Valentine and others.

For business professionals on the global stage, Japanization contains key information that can immediately impact the global financial trajectory.

The book explores where Japan went wrong, how it sank under the weight of hubris and political atrophy, and missed opportunity after opportunity to scrap an insular model based on overinvestment, export-led growth, and excessive debt.

Japanization is available at Wiley’s online shopping cart (www.Wiley.com) and at all major book retailers. To see a list of retailers in your region, go to: www.wiley.com/buy/9781118780695.

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