Task Force Report No. 28
During the last ten years, Japan has undergone a difficult period of economic stagnation. Only now is the country showing preliminary signs of emerging from an economic slowdown. In response to its difficulties, Japan is gradually making changes to its traditional financial system—changes driven by Japan’s desire to catch up with technological innovation and to resuscitate its economy. However, many of these reforms are controversial within Japan since they aim at the heart of traditional Japanese business practices. In a three-step conclusion, this Task Force outlines how the United States may integrate into and profit from Japan’s transitioning economic framework.
