Brace yourselves

Article Abstract:

There are three major changes affecting the Japanese economy. Foreign investment is increasing, though from a low base. Foreign companies are starting to enter the Japanese market. Banking reform is taking off, and there have been mergers and a move toward specialization. There have also been accounting changes, with a move toward international standards. There is a need for further reform of management, since companies have yet to adapt to more difficult business conditions.

Foreign investments

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Ready, set, compete: Japan's oil industry

Article Abstract:

Japan's Ministry of International Trade and Industry is reversing its longstanding policy towards the oil industry and is encouraging competition. The hope is that a leader will emerge from industry concentration that will be able to compete on an international level.

Petroleum industry

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An unMITIgated success

Article Abstract:

The MITI is laying out money to help its growth industries improve, thus aiding Japan's economy. Nomura Research Institute forecasts growth in informations services, waste management, housing, and leisure-related industries in Japan.

Industrial policy

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