In Japan, A New Generation Arises

Waiting for Japan to reform has grown into a game over the years. Everyone in the West plays it--policymakers, business leaders, economists, journalists--but no one especially likes it. There are never any winners, anyway--until now, perhaps. Demands for fundamental change are being made deep inside the Iron Triangle that has run the country since the end of U.S. Occupation--the corporate, political, bureaucratic nexus. For the first time, there are forces inside Japan for many of the economic reforms the U.S. has sought for decades. This is an opportunity Washington must not squander.

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