Japanese Economy in Transition ? Prospects and Implications for the World Economy, by Jean-Pierre Lehmann The spectacular growth of the Japanese economy during the years of the « bubble economy », in the course of which the net increase in the Japanese GNP was the equivalent of the total GNP of France, will not be repeated in this décade. Japan is currently facing an economie crisis. However, following the years of economie overheating and the « unorthodox » behaviour and wild speculation of both individuals and corporations, the crisis will have a « cleansing » effect. What we will see soon is a return to business as usual... « Japanese-style ». The structures, the strategies, especially in the areas of globalization and technological inno...