Despite being the world’s second largest economy for years (and now the third largest behind the United States and China), Japan has struggled for two decades to remain one of the world’s leading economies. Many individuals as well as companies that enjoy the buying power of the Japanese market on their sales are concerned.
One of the thought-leaders in business has done extensive work in this are recently. McKinsey & Co has released an excellent report detailing how Japan can overcome the challenges that other developed nations are facing with offshoring, an aging population, and continuing to drive innovation. This report is available MGI (McKinsey Global Institute here.