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Japan's Phoenix Economy
Vol. 82, No. 1 (Jan. - Feb., 2003), pp. 114-129
Published by: Council on Foreign Relations
Stable URL: http://www.jstor.org/stable/20033433
Page Count: 16
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It is hard to be optimistic about Japan's economy, given that Tokyo has already frittered away a decade. But a corner has been turned. The Japanese people increasingly realize that without reform the situation will only get worse. This new awareness was the force behind Prime Minister Junichiro Koizumi's election in 2001. The bad news is that it may take another decade to get the economy back on track.
Foreign Affairs © 2003 Council on Foreign Relations