Publication

This report describes how during the last ten years Japan has undergone a difficult period of economic stagnation. The authors explain how the country, even in this challenged state, is making gradual changes to its traditional financial system - changes also driven by Japan's desire to catch up with technological innovation and to resuscitate its economy. The report, however, states that many of the reforms are controversial within Japan, since they aim at the heart of traditional Japanese business practices. In a three-step conclusion, the authors outline how the United States may integrate into and profit from Japan's transitioning economic framework.