This is the lecture given at the 30th Information Science and Technology Study Meeting (INFORUM '93). The author first points out that current recession, called Heisei Recession, originated from the failure of Japanese management system based on Japanese-way of management, and then discusses what Japanese-way of management is, when it started and how it has been developed. He describes reasons why Japanese-way of management has failed, including high yen value, stagnation of domestic demand. He concludes that Japanese-way of management is hard to be adjusted to the society of maturity, suggesting that we should review such management way and construct new type of economic system urgently. To this end we need to grasp real needs of consumers, and obtain high ability of technical development which can't be copied by others. Many examples to know what items of Japanese-way of management should be examined are given.
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