The post-Cold War era has been difficult for Japan. A country once
heralded for evolving a superior form of capitalism and seemingly
ready to surpass the United States as the world's largest economy
lost its way in the early 1990s. The bursting of the bubble in 1991
ushered in a period of political and economic uncertainty that has
lasted for over two decades. There were hopes that the triple
catastrophe of March 11, 2011-a massive earthquake, tsunami, and
accident at the Fukushima Daiichi nuclear power plant-would break
Japan out of its torpor and spur the country to embrace change that
would restart the growth and optimism of the go-go years. But
several years later, Japan is still waiting for needed
transformation, and Brad Glosserman concludes that the fact that
even disaster has not spurred radical enough reform reveals
something about Japan's political system and Japanese society.
Glosserman explains why Japan has not and will not change,
concluding that Japanese horizons are shrinking and that the
Japanese public has given up the bold ambitions of previous
generations and its current leadership. This is a critical insight
into contemporary Japan and one that should shape our thinking
about this vital country.
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