by Georges Desvaux, Jonathan Woetzel, Tasuku Kuwabara, Michael Chui, Asta Fjeldsted, and Salvador Guzman-Herrera
March 2015
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Full ReportPDF–2MB
Two lost decades have taken a toll on Japan’s competitiveness, but the nation has a window of opportunity to shift its trajectory. A new McKinsey Global Institute report, The future of Japan: Reigniting productivity and growth, highlights potential avenues for growth and renewal, emphasizing areas where the private sector can take the lead. With its working-age population shrinking, Japan will have to rely on productivity as the main catalyst for economic momentum. While continued policy reform is necessary, the private sector is critical to capturing new growth opportunities. If individual companies take action to improve their performance, they could add trillions of dollars of value annually to the world’s third-largest economy.
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