In this podcast interview, Richard Katz, a special correspondent for Toyo Keizai and author of The Contest for Japan's Economic Future, discusses Japan's economic challenges and potential for recovery. He reflects on Japan's history, the rise of its industrial power, and the current economic stagnation. Katz emphasizes the importance of entrepreneurship and innovation, arguing that Japan needs to move away from propping up outdated industries and focus more on supporting startups. He explains how the existing economic model, including the lifetime employment system and zombie companies, has stifled growth and innovation. Katz calls for a balance between supporting large firms and encouraging new ventures, highlighting the need for government policy changes to foster entrepreneurship and drive economic growth in Japan.
Richard's Links:
Substack: https://richardkatz.substack.com/
LinkedIn: https://www.linkedin.com/in/richard-katz-937308204/
Latest Book: https://www.amazon.com/Contest-Japans-Economic-Future-Entrepreneurs/dp/0197675107
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