Itazura ichiban wrote:Where is Koizumi-san when you need him? :puppydog:
Japanfs Biggest Problem? Weak Leaders
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Chairman of Resona Holdings Inc. Eiji Hosoya in November 2010.
Eiji Hosoya is the man who masterminded the massive privatization of Japanfs sprawling national rail network 23 years ago. He still speaks of shinkansen – Japanfs ultra-cool and ultra-fast bullet trains – with a passion. Today, nimble and a youthful-looking 65, hefs the chairman of Resona Holdings, the countryfs fourth-largest bank that suffered the ignominy of nationalization in 2003.
Banking may seem an odd choice for a man whofs worked for Japan National Railways and East Japan Railway for over 30 years, but government insiders thought Mr. Hosoya had what it took to turn around a failed and decaying bank.
But Mr. Hosoya, one of Japanfs most respected business leaders, says more broadly that Japan may also fail and continue to stagnate if the country doesnft take urgent action to turn its fortunes around. The problem with Japan is that gwe have weak leaders,h said Mr. Hosoya bluntly. gUnless Japan changes, in five years from now, the country will become so weak.h
Mr. Hosoya says Japan needs to aggressively capitalize on its three biggest strengths: its strong service culture; technology; and, more broadly, Japanese culture. gWe have to appeal to South Korea, China and Taiwan – this is the volume zone for Japan and its services,h he said.
He also said it was crucial for Japan to sign the Trans-Pacific Partnership, a wide-ranging trade pact, by next year. gWe need to open the country and TPP is the future,h he said.
http://blogs.wsj.com/japanrealtime/2010/11/22/japans-biggest-problem-weak-leaders/