Terrie LloydBy Terrie Lloyd
This Year has been a banner year for Japan. After something like 14 years of near recession, the country has discovered that there is such a thing as rebirth. Exporters are experiencing massive profit growth, and are busy reinvesting in plant, M&A, and R&D.
Watching TV last night reminded me, though, that this rebirth could be temporary. I can’t help noticing that Shinzo Abe, the nation’s new PM, is no Junichiro Koizumi. Maybe it’s just the foreigner in me, but I liked the way Koizumi jousted with the establishment and threatened the nation’s many cozy self-interest groups. I just don’t see that in the Abe government, so one wonders whether the period of reconstruction is now over. If it is, then that means the opportunities for foreigners will decrease as well, as the wagons are circled for the next down curve.