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A Tokyo-based columnist for Bloomberg describes the political and economic reasons behind Japan's two-decade economic slow-down and discusses why Prime Minister Shinzo Abe's promise of a rosier future isn't realistic under the country's current monetary policies.
List of contents
Preface ix
Acknowledgments xiii
Chapter 1: How Japan Papers Over Economic Cracks with Monetary and Fiscal Policy 1
Chapter 2: The Female Problem: How Institutionalized Sexism Kills Growth 39
Chapter 3: The 1,000,000,000,000,000 Yen Monster: When a Debt Market Becomes So Big It Dominates Everything 67
Chapter 4: The Fukushima Effect: How Rampant Cronyism Holds Japan Back 95
Chapter 5: Galapagos Nation: How Isolation Stunts Japan's Evolution 125
Chapter 6: Hello Kitty Isn't a Foreign Policy: How Amateurish Diplomacy Undermines Japan 155
Chapter 7: Will Abenomics Save the World? 185
Bibliography 213
About the Author 219
Index 221
About the author
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.
Summary
Presents an overview of Japan's economic malaise and the steps it must take to compete globally. This book gives investors detailed insight on the real condition of Japan's economy. It offers a ground-level look at why its problems continue and what it can do to change course.
