Cartels of Japan

Amid the world today, Japan is a weak link in the chain of the world economies. It is not the miracle it used to be. Japan, after the war, has made some decisions that caused some problems for the future. Those decisions ultimately caused the economic distress it is now striving to get out of. One such decision was the approval of the formation of cartels. This was enhanced with the government passing of the …

…that is to open up to the world. In doing so, the present governing party is unable to see the light at the end of the tunnel. Like how the governing parties after the Meiji restoration could not foresee the out come of their decisions. However, the benefits that will be reaped will be better than the present one. Japan ultimately has to get rid of it's cartels so that the economy can fully function.