Fixing what really ails Japan

Conventional wisdom claims that Sapan's "economic miracle" stemmed from its unique model of government guidance and its revolutionary corporate manage ment techniques. An in-depth study proves this seriously wrong. Rampant gov ernment intervention has caused more business failures than successes, and a fundamental cautiousness has led Japanese companies to ignore strategic t hinking and shun risk. To pull our of its current slump, Japan must embrace competition, innovation, and bold leadership.