|Picture: Gion Matsuri Kyoto Japan|
“Japan is responsible for its own losses. The country’s delayed adaptation to the international environment and its weaknesses in international competition in terms of industrial bases, work force, businesses entrepreneurship, and globalisation – none of these things were forced on Japan by any external actor”
Yoichi Funabashi in the book “Examining Japan’s Lost Decades”
Source: Graceful decline in need of disruption by Greg Earl, Australian Financial Review, Wednesday June 24th, 2015, page 41.
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