Is Japan totally exceptional or is it a typical market economy? Is the poor macroeconomic performance of the 1990s down to archaic institutions or short term monetary and budgetary policies? Is the Japanese manufacturing system based on solid ground or does the bursting of the bubble highlight fundamental structural weaknesses? Should the Japanese authorities preserve the main tenets of their post-World War II economic institutions or should they do more to embrace market led capitalism? The contributions to Japanese Capitalism in Crisis show that there can be a middle ground between these...