Nothing To Lose But Their (restaurant) Chains

摘要

Bad times in Japan may one day come to be seen as good times for corporate Japan. During the country's "lost decade" in the 1990s, Japanese firms shed some staff, but failed to make deeper structural changes. The new crisis has brought a sense or urgency. Companies are beginning to contemplate radical restructuring-if only because the export markets that kept them going during the lost decade have now shut down (see page 72). Although today's pain threatens to be worse, the hope is that Japan harnesses its misfortune to bring about widespread corporate reform.