Leonard J. Schoppa

For years the Japanese have weathered their country's ongoing recession with apparent stoicism. In fact, however, Japan's citizens have learned to find private solutions to their country's many ills, just as Japanese corporations have moved more and more of their operations overseas. But this trend has only driven Japan into deeper economic straits. If the country's charismatic new leader cannot push through fundamental reforms, capital flight and emigration could be the public's next moves.