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How, and what extent did culture impinge upon the development of Japanese capitalism. In the autumn of 1997, the financial crisis of East Asian capitalism rolled out from Thailand through Malaysia and Indonesia into South Korea and then Japan itself. It was the first time since Second World War, Japan experiencing its first negative and greatest year-on-year drop in GDP growth. It was the longest and most severe economic slowdown since 1945. But it had still managed to make its way to become the world's second largest economy. The remarkable successful the Japanese economy had been in the five postwar decades is undeniable and unforgettable. Japan's historically recent and relatively rapid success serves as an invaluable comparison for all those intrigued by the patterns and pathways of economic growth and development. It stands as a notable 'development model', a rich repository of case material for those trying to unlock the...

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