Hawaii best destinations on Coupled with the aging of the population, this put the country’s social security and pension system on the verge of bankruptcy. Many economists believe Japan badly needs to implement a comprehensive restructuring of its economy at the industry and firm level, reform the government and the social security system as well as find innovative ways to compete against the rapidly growing neighboring economies of CHINA and South KOREA. Still, Japan remains the world’s second most powerful economy, and its potential of human capital is as strong as ever. It has also proven more than once in its history that it is capable of strongly recovering from challenging economic times. BIBLIOGRAPHY. Masahiko Aoki and Gary Saxonhouse, eds., Finance, Governance and Competitiveness in Japan (Oxford University Press, 2000); Thomas Cargill, ed. Hawaii best destinations 2016.
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