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In this unusually candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of "Mr. Yen”, envisions a social and economic revolution that encompasses all sectors of Japanese society.

In this work, Eisuke Sakakibara of the powerful Japanese Finance Ministry describes the fundamental, structural differences between the American and Japanese economies, defends the Japanese approach, and warns that U.S. policies seeking to Americanize our strongest competitor are doomed to fail. This ground-breaking study is vital reading for anyone concerned about the world's two economic superpowers and the global economy being shaped by the...

In this unusually candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy.

Describes the fundamental structural differences between the American and Japanese economies, defends the Japanese approach, and warns that US policies, seeking to Americanise their strongest competitors policies, are doomed to fail.