Text: Recognizing that Japanese business is not down for the count--and remembering the role it played in getting us to where we are--is a necessary step toward a saner appraisal of where this economy might be going.
Entailment: Recognizing Japanese business isn't down for the count, and remembering its role in getting us where we are is key in understanding this economy.
Contradiction: Recognizing Japanese business isn't down for the count, and remembering its role in getting us where we are is not important in understanding this economy.