2003 Volume 54 Issue 3 Pages 429-442
After achieving a spectacular economic growth through 60's to 80's of the 20th Century, Japan seems to have lost its momentum and stays stagnant in the last 10 years of so-called ‘a lost-decade’. What has been wrong? Here, I will discuss the historical background and the social structure of modern time Japan and their relevance to the global changes driven by information and transportation technology which affected political, economical, and social environments of the world or so-called ‘globalization’. In this context, it will become clear that the mechanism that has supported the success of modern time Japan will no longer be workable in this time of ‘globalization’ of 21st Century and will left alone even in Asia. To avoid such perspective, radical changes in nurturing future leadership is urgently needed.