BUSINESS · LEADERSHIP · JAPAN · LIFE
Spencer Wolfe
AINEO Networks – Thoughts And Insights For Business Professionals
If you ask me, I would say yes. Can Japan pull out of it? Yes, but it is going to take some work. Interesting write up from Business Insider that was originally posted via University of Pennsylvania's Wheaton School here.
Japan is currently facing a myriad of intractable and unprecedented challenges -- from a demographic crisis to border conflicts to a strong yen. The population is aging quickly. The energy sector is still reeling from the March 2011 Tohoku earthquake, tsunami and nuclear disaster. The younger generation, having grown up amid deflation and economic stagnation, is loath to take career risks. Students are studying abroad in fewer numbers. Tepid economic growth, combined with massive public sector debt and continued deficits, will likely produce a fiscal crisis in the near future -- despite the fact that more than 90% of the debt is held domestically. Gross public debt to GDP now stands at nearly 250%. In spite of government efforts to raise cash by boosting the consumption tax rate, a financial implosion may come soon if interest rates ratchet up. It appears that Japan is stuck in an economic Catch-22.
Those who can figure out how to reharness the economic power of Japan will do very well economically.
Although I know a new year is really just a line drawn by whomever invented the calendar, it's always great to have a fresh start. Always great to have a fresh start.
A picture of a small part gate near our Tokyo office. Amazing they even have a park between all these tall buildings.
All the best for 2013!
Recently I've heard about people treating their team poorly.
Managers and bosses have got to remember to treat others well. What you do will comes back to you.
Spread the good!








