The largely untold story of Japan’s extraordinary manufacturing success in recent years – told here by Tokyo-based economist and author Eamonn Fingleton – has important lessons for Australia. For those who claim to understand the global economy, here’s a pertinent question: Which East Asian economic powerhouse recently announced the largest current-account surplus in world history? The answer is Japan, although very few readers of the American press are likely to have noticed. Given the continui…
