No, the United States will not follow the footsteps of Japan
. First, Japan experienced a huge financial bubble in 1990 that came about because of the excessive increase in the money supply that, though not translating into an increase in consumer prices, did fire up stock and land prices.
Indeed, Japanese managers are increasingly embracing the concept of grafting, which was first described in a book by Inazo Nitobe called Bushido: The Soul of Japan
However, the acid test of Japan
's relevance will come if and when the other leading economies, most obviously the United States, confront the end of their expansions.
(1) The people of Japan
never want to turn back the clock and revive its militarist past.
The Bank of Japan
undertook drastic steps to lower interest rates to save domestic banks and non-financial companies after Japan's bubble burst.
Is most of Japan
's land cropland, forestland, or industrial?
Mobile Suit Gundam, and Neon Genesis Evangelion (1995-96) all involve the necessary arming of Japan
for the purpose of self-defense, if not the defense of all mankind.
In the late 1960s, representatives of Japan
's toy industry decided to pursue European markets more aggressively.
Most military analysts believed a full-scale invasion of Japan
itself would be necessary, and costly.
Sanwa will pay Allergan a royalty based on net sales of POSURDEX(R) in Japan, make development and commercialization milestone payments and reimburse Allergan for certain expenses associated with Allergan's continuing conduct of POSURDEX(R) Phase III pivotal studies outside of Japan
. Allergan and Sanwa will work collaboratively on the clinical development of POSURDEX(R), as well as overall product strategy and management.
"They clearly know that Japan is an excellent target for M & A activities," says Takashi Kanasaki, COO of Japan
Credit Rating Agency.
As a very good friend of Japan
, the Deputy Secretary of State, Richard Armitage, has put it, "Japan is putting its skillful hands on the tiller of the international community, no longer content simply being a passenger," but charting "a course to a direct and rightful role in shaping a better future."