BUSINESSWEEK ONLINE : OCTOBER 25, 1999 ISSUE
INTERNATIONAL -- ASIAN COVER STORY

Change in Japan: Progress...


FOREIGN INVESTMENT
Direct and portfolio investment from abroad is on track to hit $125 billion this year, a record

DEREGULATION
Finance-sector deregulation is already putting downward pressure on brokerage and banking fees

TECHNOLOGY
Internet use is taking off, with the number of Japanese Netizens expected to rise 35%, to 23 million, between 1999 and 2000

SOCIETY
Women are gaining more freedom at work, and more college graduates are seeking jobs with foreign companies and startups



   ...And Obstacles



BANKING
The banks have been rescued, but there has been little progress in selling off the bad debt and clearing the market

TELECOMMUNICATIONS
Phone giant NTT still has a stranglehold on phone prices, imposing ruinous costs on Japanese who want Net access

RESTRUCTURING
There has been progress, but the really hard stuff--plant closings, mass layoffs--still lies ahead

REGULATORS
It's still unclear how reform-minded the Ministry of Finance and the ruling Liberal Democratic Party really are

DATA: BUSINESS WEEK


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RELATED ITEMS
A New Japan? (int'l edition)

ASIAN COVER IMAGE: Japan: Is It Really Ready to Change?

TABLE: Change in Japan: Progress...And Obstacles

Marriage Goes the Way of Lifetime Employment (int'l edition)

Commentary: An Inflexible Japan? Look Again (int'l edition)



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