Recovery may prove too slow for sickly Japan

Most of the hardest decisions regarding Japan's economy, including serious pension reform, the privatisation of Japan's massive postal savings system and the break-up of the corrupt, money-gobbling public works corporations in which its money has been misinvested, are expected to be deferred until after next July's elections to the Upper House. But unless reform accelerates sharply, Japan could be doomed to repeat the CRIC cycle - Crisis, Response, Improvement, Complacency - with far fewer resources than were available to it when the bubble burst. (Quotes from original text)