Having spent nearly a decade in recession, the restructured Japanese economy is slowly beginning to grow again, and its systemic reforms are being put to the test. Now journalist and commentator Declan Hayes examines the fall and rise of Japan's economic infrastructure, starting with the giddy and elusive bubble economy that ultimately sapped the country and other Asian neighbors dry. Hayes explores the Western influence on Japan's economic crash, as well as its own faulty use of loans and credit lines secured with vastly over-valued real estate, and other contributors to its financial failures. From there he looks at today's Japan, restructuring its economy in accord with American and World Bank dicta, and dealing with the profound social changes necessary to recapture its economic momentum and ensure its continuing dominance as an economic superpower.
Japan's Big Bang
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Book Description
Editorial Reviews
Review
"Hayes ably documents how protectionism, cronyism, corruption, and lax accounting led to the collapse...entertaining and instructive." -- American Way Magazine
About the Author
Declan Hayes is a journalist and commentator currently living in Tokyo. He is also a Professor of business and economics at Sophia University in Tokyo. He has previously taught in Australia, Ireland, and Mexico and has lived and worked in Asia for the past twenty years.
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Most Helpful Customer Reviews
14 of 14 people found the following review helpful:
5.0 out of 5 stars
Great book,
By A Customer
This review is from: Japan's Big Bang: The Deregulation and Revitalization of the Japanese Economy (Hardcover)
This is a very good book. Prof. Hayes explains everything about Japan's business very well. Sometimes his English is hard to follow for me (I am Japanese) but his argument is not. It starts at the beginning about the marriages and mergers between Japanese and non Japanese companies. It tells that there are too many Japanese working in stupid jobs - like construction (10% of all Japanese workers, shops sales (another 10%)) and so on. It explains why this is silly, what Japan is doing to change it and the other problems. Prof Hayes is a gaijin but he understands Japan very well. I like this book very much.
8 of 8 people found the following review helpful:
5.0 out of 5 stars
Modern Classic,
This review is from: Japan's Big Bang: The Deregulation and Revitalization of the Japanese Economy (Hardcover)
This is a book that will be read for many many years to come. Prof. Hayes has summed up the whole economic experience of Japan in this great book. He shows the llogic of the Japanese position from the Japanese side and why Americans fail to understand Japan. Nor does he fall into the trap of the professional Japanologists - creating mysteries where none exists. Prof. Hayes cuts through the mists and gives us a clear explanation of what is going on in Japan and as to why Japan will continue to be America;s major competitor. If you want a book explaining Japan like no other has done, this is the book for you.
8 of 8 people found the following review helpful:
5.0 out of 5 stars
Japan made Simple,
By A Customer
This review is from: Japan's Big Bang: The Deregulation and Revitalization of the Japanese Economy (Hardcover)
This is a good book, written in simple English by someone who knows his area well. He has a good piece on the Osaka Mafia and other blots on the Japanese corporate landscape. This is a book that tells it as it is. Informative, amusing, a book worth reading and buying.
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