Young Japanese are not actively fighting for reform, but they are staging a quiet rebellion that is inexorably eroding the country’s existing systems. Ultimately this could fundamentally transform Japan’s institutions and public policies.
Ever since its bubble economy burst at the beginning of the 1990s, Japan has been surprising and disappointing the rest of the world with its dismal economic performance. Paul Krugman of Princeton University expressed it starkly in Japan’s leading business daily the Nihon Keizai Shimbun, better known as the Nikkei, on January 3.