Paper Summary:

This paper discusses economic reforms required by China and Japan for economic advance. For China, the biggest obstacles to overcome is to depoliticize the economy; while in Japan there is a need to end corporate collusion and protective regulations which keep economic growth depressed.

From the Paper:

"In "Japan: The System That Soured", Richard Katz maintains that, "The changes in Japan are likely to be at least as far-reaching as the reforms that Deng Xiaoping made in China in the ...s." For both China and Japan, the economic and social reform process is ongoing with significant reforms still required by both nations that are plentiful and interconnected. To continue economic advancement, both China and Japan need to implement a number of reforms. Chief among these reforms for China is a..."

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