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" ... Japan's technological prowess marries neatly with the country's demographic challenge. Technology is a big part of the remedy to a shrinking labor pool, a deep aversion to immigrant labor and a pressing need to boost labor productivity. From cuddly robotic Robear nurses to replace human caregivers to Pepper, the humanoid robot that can read human emotions, Japan will be a valuable case study for other aging societies on how to do more with less through robotics technology and advanced manufacturing. Stiff competition from China, South Korea, Taiwan, Germany and the United States in this field will act as an additional catalyst on Japan's reform to the keiretsu system. Over time, we can expect to see a new generation of Japanese corporate executives team up with political reformers to take on a formidable bureaucracy backed by senior voters who are still clutching to the legacy economic model. ... "
" ... The true reason that Japan recovered from WW2 so rapidly wasn’t a miracle. It was a masterfully managed economic strategy that included aid from policymakers and the collaboration of private sector groups called “keiretsu” that included suppliers, manufacturers, and banks with a shared interest in increasing the value of each other’s shares. These collaborations created close alignment between the market and supply chains that helped meet the country’s reconstruction needs while also rapidly capitalizing on new business opportunities. ... "