Reviving Japanese Economy: Fundamental Restructuringin Core Industrial Management

Japanese economy has been in a slow phase for almost a decade now. Despite changing prime ministers every one or two years, over the last ten years, and despite numerous supplementary measures to revive, the economy has not been picked up. Though some pundits are saying that the Japanese economy would not pick up until the United States economy picks up, from the slowdown following September 11th incident, it may be wishful thinking. The U.S. economy was growing ten years, from 1990 till 2000, and it did not do any good in Japan’s GDP growth.

Though, many kinds of “reformsEare being proposed to remedy the Japanese economy, the studies by the author reveals that the needed reforms are more fundamental in nature. Author considers the core of the Japanese economy, which is the manufacturing and exports. By looking at the hierarchy of the Japanese industry, author’s research, reported for the first time here, finds that the lower layer companies in this hierarchy lack manageria...