In the increasingly multilateral trade and policy environment of the twenty-first century, Japan faces several conflicting challenges. Internationally, Japan's trade prowess, increasing manufacturing presence around the world, and economic leadership in Asia have made the country an integral...

Circumstances have changed dramatically between the early 1990s, when the world hailed Japan as one of its economic superpowers, and the early twenty-first century, as the country entered its second decade of economic stagnation. Domestically, Japan's industries have experienced major structural...