Japan's economy and businesses are moving into the 21st century after a long and hard "lost decade" of company redesign. They emerge with new management systems in place, but with their values as social organizations unchanged. From the unique perspective of the author's pioneering analysis of the 1950s, the financial systems, personnel management methods, and R&D capabilities, are re-assessed. The book examines the role of the corporation in Japanese society, considering fresh implications of a declining population, the effects of forign investment, as well as as future directions in a fast-moving East Asia. The book offers a comprehensive analysis of the financial and industrial changes that have taken place in Japan by one of its most highly regarded commentators.

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