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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Step1 who wrote (4299)6/5/2001 3:47:02 AM
From: TobagoJack  Read Replies (2) of 74559
 
Thanks Stephan.

I found something else on Japan ...

japanecho.co.jp

QUOTE
Japan's Enduring Misery, 55 Years Later (Haisen kara 55 nen: Nihon no sanjo). Jiro Yamaguchi, professor, Hokkaido University. Diamond, August 26, 2000.
It is now 55 years since Japan's defeat in World War II. A belief is now growing in Japan that the nation did not do anything wrong in the modern history of Asia. But what Japan needs now is the good grace to admit defeat, and the intelligence to analyze the reasons for losing. Because these two virtues are missing in Japanese society, Japan has been unable to fully admit its defeat, and this is the cause of its present malaise.
There is a common thread to the defeats incurred by Japanese organizations, from the Imperial Navy all the way to today's financial institutions and even to Snow Brand Milk Products. That is the inability to confront a reality that is distasteful to oneself and a self-serving assumption that what one does not want to happen will never happen.
The Liberal Democratic Party's attitude of treating lightly its defeat in the June general elections and of ignoring the severe criticisms of the electorate is rooted in the same attitude of ambiguity towards Japan's responsibility for past wars. Reviewing what it was that resulted in defeat is a prerequisite for setting Japan back on its feet. In this sense, I look forward to politicians of the postwar generation showing an understanding for environmental problems, for the rights of the minority, and for other nonmaterialistic values.
UNQUOTE
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