In April 1998, Prime Minister Hashimoto saw serious problems both with its program of six systemic reforms and its financial policy. Japan had effective recession in six years, unable to keep the miracle achieved growth in earlier decades. Hashimoto has proposed to reform social security, tax policy, administration, regulation, education, and especially the financial system. But institutional rigidities – the bureaucracy, labor policy, corporate governance, and the aging population … Read more »

In April 1998, Prime Minister Hashimoto saw serious problems both with its program of six systemic reforms and its financial policy. Japan had effective recession in six years, unable to keep the miracle achieved growth in earlier decades. Hashimoto has proposed to reform social security, tax policy, administration, regulation, education, and especially the financial system. But institutional rigidities – the bureaucracy, labor policy, corporate governance, and the aging of the population, etc. – has change extremely difficult
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from
Richard H.K. Vietor,
Stephen Lynagh
Source: Harvard Business School
27 pages.
Release date: 01 May 1998. Prod #: 798 083 PDF-ENG
Japan: “free, fair and global?” HBR case solution