Japan can achieve stable economic growth if it incites leaders to free and creative thinking

Article Abstract:

Japan's extremely rigid economic and political systems and its continued resistance to needed economic reforms are hurting the country's economic prospects. Its AAA rating was recently downgraded by Moody's Investors Service to AA-1, despite Japan's abundant savings, competent labor force, sophisticated technology, external assets of nearly $1 trillion and its $214 billion in foreign currency reserves, which is the world's largest. To achieve long-term, sustainable economic growth, Japan will need a new generation of leaders who possess practical skills and are flexible thinkers.

Political aspects, Economic development

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Pay Japan's executives to perform

Article Abstract:

eJapanese companies have to restructure and eliminate their obsolete corporate governance practices to solve the economic stagnation that is gripping the country. Microeconomics or decisions at the corporate level are perceived as the root cause of Japan's economic crisis. Historically, Japanese executives that get promoted are those that do not commit fatal mistakes. This trend is being replaced due to demands by capital markets and large institutional investors for responsible management and profits.

Japan, Personnel administration, Management development, Business, Officials and employees, Economic aspects, Executive ability, Microeconomics

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