Asian economic review Volume 79 Issue 1-2
We will discuss why Japan succeeded after the Meiji Restoration and why she has been stagnated since 1990s, and propose the conditions for the revitalization of the Japanese economy based on M.E. Porter’s factor condition and Michio Morishima’s view of population history. Michio Morishima maintains that the quantity and quality of population is the foundation of economy and society. This paper focus on values which is one of the qualitative aspects of human beings.