Analyzes why deregulation and other aspects of systemic ecomic restructuring have proceeded so sluggishly. If Japan continues to underperform ecomically, it threatens to distance itself from trade liberalization, and will likely react to regional and global issues in a more nationalistic manner. Lincoln argues that reform is likely to remain less forceful than necessary for a restoration of ecomic growth.
Edward J. Lincoln is a senior fellow in Asia and Economic Studies at the Council on Foreign Relations. His previous Brookings books include Arthritic Japan (2001), Troubled Times: U.S.-Japan Trade Relations in the 1990s (1999), Japan's New Global Role (1995), and Japan's Unequal Trade (1990). In the mid-1990s, Lincoln served as special economic advisor to Walter Mondale, former U.S. ambassador to Japan.