A thoughtful prediction of Japan's economic decline, from an editor at the Economist who for three years was that...

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THE SUN ALSO SETS: The Limits to Japan's Economic Power

A thoughtful prediction of Japan's economic decline, from an editor at the Economist who for three years was that influential magazine's Tokyo bureau chief. Although acknowledging the current ascendancy of Japan in global economics, Emmott finds that changes already under way in the Japanese economy (increased consumer demand, the appreciation of the yen) and in the Japanese life style (more conspicuous consumption), combined with Japan's hesitancy to become a world-class military power (and especially a nuclear power), ensure that Japan will not become a world, dominant superpower. The author goes on to detail steps that America must take to guarantee its continuing leadership of the world economy: in all, then, a cogent, informed forecast.

Pub Date: Nov. 2, 1989

ISBN: N/A

Page Count: -

Publisher: Times Books

Review Posted Online: N/A

Kirkus Reviews Issue: Oct. 15, 1989