Originally Posted by
ksandness
I wouldn't write Japan off any time soon. They have shown an astounding ability to reinvent themselves, whether it was becoming the first Asian country to industrialize in the late nineteenth and early twentieth centuries or becoming a major economic player, hosting the Olympics, and launching the first Shinkansen a mere 19 years after having all their major cities bombed flat.
I don't really agree with the article but then the rebuttal isn't convincing to any extent (the part where they talk about GDP seems designed to mislead).
However, I don't think Japan is getting out of the current predicaments anytime soon. It would take leadership and a willingness to accept change and pain that accompanies it, and I don't really see all of them, especially political leadership.