Japan’s Economic Future in Doubt: A National Introspective


It’s not been a good year for Japan. China has recently overtaken the Land of the Rising Sun as the world’s second biggest economic power and a recall of over ten million vehicles by one of the nation’s biggest and most respectable companies, Toyota, kicked off a global PR debacle that some analysts predict will take years to recover from.
Add to that Japan’s aging population, its growing national debt and heavy reliance on manufacturing, all of which are effectively killing what was once thought destined to be the world’s leading economic superpower. The departure of its fourth Prime Minister in three years and a nasty diplomatic row with China over the detention of a trawler captain by the Japanese Coast Guard is also hurting.