The private sector also needs to clear out the cobwebs. Rules often take precedence over results at many old-line corporations here. Japan's answers may be different than the tax revolts, corporate downsizing and entrepreneurial spirit that helped revitalize America's society. I'm no believer in imposing American values on Asian societies. But action, Japan-style, is badly needed.
Japan has great wealth, unparalleled public safety, and high levels of technology and education.
Since the financial bubble burst in 1990, however, it has failed to get back on stride. The hope was that a weakening of the yen would boost exports, while an active prime minister would challenge the powerful ministries. A sense of false optimism developed. This may be the year Japan's citizens face up to some fundamental challenges that are deeply rooted in Japan's society. David Lammers is EE Times Bureau Chief in Tokyo.