Article: JAPAN: COMPETITIVE CHALLENGES REQUIRE FASTER JAPANESE REFORM.

Japan's recovery from its "lost decade" of economic growth has come thanks to impressive and painful but regrettably incomplete reforms, senior government and business leaders told participants at the World Economic Forum on East Asia today. Addressing the challenges posed by the rapid rise of China and India in the global economy will require that Japan's next government seize the opportunity to increase the pace with which they internationalize Japan, its industries and workforce. "Japan has changed enormously in the last five years, but did we change sufficiently? The answer is no," said Heizo Takenaka, Minister for Internal Affairs and Communications and for the ...

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