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| Friday, 24 January, 2003, 13:39 GMT Look to football for revival clues, says Sony ![]() Inamoto puts one past Russia at last year's World Cup
Japan should scour its national football team and foreign-managed carmaker, Nissan, for clues to its economic revival, world leaders have heard. Nissan's turnaround under French-owned Renault showed there were alternatives to the Japanese model which, while fuelling the country's growth into a trade superpower, had lumbered it with economic stagnation in recent years, politician Motorise Furukawa said.
"Suddenly Japanese football is competitive," Mr Idei told the World Economic Forum's annual summit in Davos. But Mr Idei rejected a call by Carlos Ghosn, who spearheaded Nissan's revival, to stand for political office in Japan, and himself lead the country from economic malaise. "Nobody wants to be a candidate, if a businessman, to be head of Japan," Mr Idei said.
"I am sure the people in Japan are waiting for a revival," Mr Ghosn said, "but they are waiting for a hand." He said "nobody wanted to be head of Nissan in 1999," when the firm was "on the brink of collapse". Leaders gather The debate came on the second day of the week-long summit, which is expected to attract 2,300 leaders including Microsoft chairman Bill Gates, US Secretary of State Colin Powell, and World Trade Organisation head Supachai Panitchpakdi.
While the forum has been called under the banner Building Trust, it has become dominated by the prospect of a US-led war against Iraq, and fears that rising oil prices could wreak economic havoc. Alvaro Silva-Calderon, secretary-general of Opec, hinted on Friday that there was little hope of the oil producers' cartel acting further to curb prices rises. The cartel was already "doing all it can to bring world oil prices down", he said. Thugs hired In Japan, while oil prices were not viewed as economically helpful, civil servants, wielding significant discretionary powers, were seen as the major cause of the country's troubles. "Bureaucrats have been able to control the law, control the economy," said Jiro Tamura, professor of law at Keio University. In the legal system, "careful manipulation by bureaucracy" had left Japan with a judiciary too small to be effective. Opening a legal case represented a "life's work", Mr Tamura said, leaving disgruntled citizens to seek redress through intimidation. "Underground people solve problems for people in Japan," Mr Tamura said. |
See also: 29 Jan 03 | Business 27 Jan 03 | Business 20 Jan 03 | Business 10 Jan 03 | Technology Internet links: The BBC is not responsible for the content of external internet sites Top Business stories now: Links to more Business stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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