Note from Publisher
In the 1980s, Japan was the envy of the world. From the ashes of World War II, through sheer hard work and dogged determination, the Japanese successfully turned the economy around to become the second largest in the world. The tremendously efficient Japanese manufacturers conquered the world with their high quality and price competitive products. The Japanese economic model became a favourite subject for academic research as well as a model for other economies to follow. Japanese manufacturing processes, such as the famed Just-in-time system, appeared in most management courses. Japanese culture was crazed like the K-pop culture of today. Japan was the pride of Asia !

However, today Japan is viewed as a symbol of failure. After more than two decades of stagnation/declines, Japan has not shown any signs of recovery. On the contrary, the rot has spread to her once-admired manufacturing sector. What a pity! i Capital has, on numerous occasion, written about the decline of Japan, often with great emotion.

One of the many reasons for the sad development in Japan is her refusal to admit the mistakes committed in the past and proceed to take corrective actions. Without coming to terms with her past, Japan could not move forward. On the contrary, China has admitted to the failures of a command economy and reformed. After 50 years, the Chinese government this week admitted that the Cultural Revolution was a mistake that should never be repeated.

Admitting one’s mistakes is not easy. However, it is a necessary step to break with the past and take on a new direction. Malaysia should take heed on the differing experiences of Japan and China.
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Non-Publication Dates

The weekly print edition of
i Capital is not published in the following 6 days in 2016.

  • 04/02/2016
  • 11/02/2016
  • 05/05/2016
  • 07/07/2016
  • 15/09/2016
  • 22/12/2016

However, www.icapital.biz will be updated as usual during the non-publication weeks.