Japan At the Brink

Matsushita, the 82-year old electrical entrepreneur and tycoon, sees Japan living beyond its means and losing its moral fiber. He proposes a three-year freeze on wages and prices, the universal compulsory purchase of low-interest government bonds, and the abolition of half the country's students and universities. These Draconian visions found a surprising response in Japan, to judge from the 620,000 copies of this book sold there.