Japan Restored

Book excerpt: In Japan Restored, New York Times bestselling author Clyde Prestowitz envisions post-bubble Japan in the year 2050, when the country's economic prosperity will have made it a world leader in every area. In 1979, the book Japan as Number One: Lessons for America by Harvard University professor Ezra Vogel caused a sensation in the United States by pointing out that Japan was surpassing America as world economic leader; to this day, it remains the all-time bestselling non-fiction book by a Western author in Japan. The book was timely: Japan's subsequent "bubble era" of the 1980s saw the country booming. But since the economic bubble burst at the start of the 1990s, Japan has been in decline. Japan Restored takes up where Vogel left off. Written as a vision of Japan in the year 2050, Prestowitz looks back to the mid-2010s as such a low point for Japan that a special reform commission was set up that helped the country regain its former position as a leader in technology, in business, and geopolitically. Looking at education, innovation, the role of women, corporate organization, energy, infrastructure, domestic government, and international alliances, Prestowitz draws up a fascinating and controversial blueprint for the future success of Japan. In wake of the 2021 Olympics in Tokyo and the economic chaos caused by the Covid-19 pandemic, Japan Restored is as timely as the 1979 book that inspired it.