Japan's Big Bang: The Deregulation and Revitalizatiion of the Japanese Economy - Hardcover

"The buck stops here."

"In Japan, the buck keeps circulating."

Although Japan has proved remarkably adept at earning the big bucks, she has proved incredibly clumsy at handling them. Much of the wealth she earned during the 1970's and 1980's has been frittered away in the 1990's. None has accepted responsibility for this; they have instead preferred to pass the metaphorical buck. The Big Bang is an attempt by the Japanese to stop the hemmorage of their hard-earned dollars. Part of this rejuvenating process involves making the buck stop. It means making incompetents suffer the consequences of their mistakes. It means stopping Japan's financial institutions using dishonest accounting practices to hide their losses. It means owning up to past mistakes. It means the total transformation of Japan's corporate culture. It means the abandonment of old, obsolete ways and the wholehearted adoption of new and modern ways of handling both money and responsibility. It means what it says. It means a Big Bang, a total reformation of the way Japan works.