Votaxe Want to Read saving…. Return to Book Page. Madhava Das marked it as to-read Feb 14, As in the previous book, Goswami locates himself as both a student and a teacher, as one who continues to learn from his own guru and who aims to help others benefit from what he learns. The author describes a path that is not without moments of great challenge and discouragement. While traveling, lecturing on Krishna consciousness, and instructing disciples worldwide, he published over hundred books including poems, memoirs, essays, novels, and studies based on the Vaishnava scriptures.
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In little over ten years they reshaped Japan from top to bottom. That well-known tale has left a perennial optimism among the Japanese that they can, when absolutely necessary, change direction. Others, especially foreigners, are not so sure.
He started surprisingly well. But his first attempt at a third arrow of structural reforms to unleash growth, an announcement in June , fell flat. That infuriated outsiders and strengthened suspicions that his focus on economic reform had wavered. This week Mr Abe is back with a proper third arrow. There are two reasons for thinking that this time it will hit the target. First, the country has reached a point at which almost all Japanese realise that reform of some sort is needed.
Second, Mr Abe is at last pursuing schemes of such breadth that they touch on nearly every area of the economy that demands change. The wrinkled society Japan has changed in the 20 years of stagnation.
Demography is the main reason. Like telltale grey hairs, the signs of ageing are everywhere. A think-tank has just predicted that some municipalities, or half of the total, will have disappeared by , as women of childbearing age migrate to big cities. Centenarians are the fastest-growing segment of the population, and over one-tenth of houses are already vacant, chiefly because of ageing. Among farmers, whose average age is a staggering 70, resistance to reform from those who wish to keep agriculture small-scale and inefficient is dying along with the resisters.
Another prompt is sluggish growth. Twenty years of underperformance has practical consequences. Shareholder capitalism is spreading and many large firms are setting themselves ambitious aims for profitability. Nearly 5m protected, permanent staff are now surplus to requirements yet cannot be laid off, even with severance pay. Voters now understand the need for Japan to stand up for itself. That leads to some ugly nationalist poses, but it also makes economic reform seem more urgent—even to ugly nationalists.
It seeks to free up an overly restrictive health-care sector, to ease the way for local and foreign entrepreneurs in Japan and to overhaul corporate governance. Some measures take on deep cultural taboos, such as allowing Japanese households in a series of special economic zones to sponsor foreign maids to help care for children and the old. And more is still to come. Together, all this represents a coherent vision of a more innovative and globally minded society.
Part of its strength is its breadth: it is less a single arrow than a 1,strong bundle of acupuncture needles. His successors diluted his reforms. Nowadays, Mr Abe faces little serious opposition outside the LDP: the opposition Democratic Party of Japan is nowhere near reviving itself after its trouncing at the polls in December That opinion is shifting in favour of reforms does not mean the country is united behind them.
Many powerful interest groups, from farmers to doctors to big business to—strongest of all—the civil service, will fight them. Tries, shoots and leaves? In some areas—notably the labour market, where permanent workers enjoy excessive protection—Mr Abe must go further. And across the range of reforms, he will have to force change on those still determined to resist. Mr Abe needs to stay focused on his target and avoid being hobbled by interest-groups or sidetracked by nationalism.
But the scale of what he has put forward this week is breathtaking. It offers the best chance for many years of revitalising Japan. That is something everybody should welcome. This article appeared in the Leaders section of the print edition under the headline "The third arrow".
Guru Reform Notebook
In little over ten years they reshaped Japan from top to bottom. That well-known tale has left a perennial optimism among the Japanese that they can, when absolutely necessary, change direction. Others, especially foreigners, are not so sure. He started surprisingly well. But his first attempt at a third arrow of structural reforms to unleash growth, an announcement in June , fell flat. That infuriated outsiders and strengthened suspicions that his focus on economic reform had wavered. This week Mr Abe is back with a proper third arrow.
JAPA REFORM NOTEBOOK PDF
Japa Reform Notebook