Vaclav Smil

Japan: A Sinking Economy in the Land of the Rising Sun (Part 3/3)

Jan 14, 2013

In the last part of this series, Vaclav Smil further discusses the rise and fall of many of Japan’s famous manufacturing companies in the light of Japan’s economic performance over the past two decades In 2007 Japan’s global trade surplus reached about $83bn and despite the subsequent global economic downturn,...

Japan: A Sinking Economy in the Land of the Rising Sun (Part 2/3)

Jan 06, 2013

Vaclav Smil discusses Japan’s economic challenges with particular reference to the rise and fall of many of its famous manufacturing companies. Domestic debt ownership has obvious advantages. Above all it allows the country's government finance to be isolated from the outside world and to keep bond yields very low. But...

Japan: A Sinking Economy in the Land of the Rising Sun (Part 1/3)

Dec 19, 2012

After two decades of relative decline, decision makers in Tokyo need to tackle serious reforms to boost Japan’s economic system. This is the first part of a series perusing the country’s economic challenges. "Adding insult to injury" sounds like a lawyerly phrase compared to its painfully evocative Japanese equivalent nakitsura ni...