The Japanese political scene is looking pretty dismal. The nation's finances are in a tragic state, with the public sector deficit exceeding 200% of GDP. The good news is that this money is owed by the Japanese people, which means that the government need only extort the money from its citizenry, or more likely print money to pay it off.
Since Sept 2007, Japan has had 6 changes in its prime ministers. This does not auger well for political direction. What does the future hold for Japan? In all probability, the future of Japan might be sooner than you think. The Japanese people were once a proud people, but after 2 decades of stagnancy, we might ponder just how soon their tolerance will break, or how soon a young, charismatic capable leader emerges. More probable perhaps is the spectre of a 'false hope'; a leader who promises much, but delivers very little.
This is a theme we have discussed before. Historically, the Japanese people, a repressed culture, when they have augmented change, have done so with great gusto. I suspect we will see a revival, perhaps of the nature we have come to expect from Apple Inc....and still maybe from Microsoft. We live in hope. I have yet to see a leader conveying the required skills.
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