While far from being an Oriental Studies expert, Japan is a favourite subject of mine. In the The Japanese Mind, Robert Christopher makes the case that Japan has the capacity for massive systematic restructuring, when it recognizes a need for it. Case in point the 30's miltary troika-led economic machine, followed by adoption of democratic processes and massive industrialization post-WWII. Both were complete 180 degree shifts to the current government and economic structures. With the current recession lasting for a decade [does anyone even remember the Japanese Bubble?], perhaps now is the time that will start making adjustments. Consolidation activity is a natural phenomenon in mature markets, however with Japan maybe this is beginning of a New Age.
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