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Japan's ability to meet these challenges is of more than local interest. The nation is the world's second largest economy and the U.S.'s key ally in Asia. And given Japan's recent economic history, the way in which it copes with the current crisis could provide some insights into how the rest of the world can get through it as well...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

...interview with TIME in Tokyo, Ichiro Ozawa, the leader of the opposition Democratic Party of Japan and the front runner to be Japan's next Prime Minister (if he can avoid the fallout from a scandal over political fundraising), said "giving a sense of security to the population" was key to economic recovery. Ozawa argues that only if families feel that their basic needs have been taken care of - needs like health care and provision for retirement - will they go out and spend money on new cars and clothes. There's a lesson for the U.S. there too. Health-care...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

Japan can play a key part in getting growth going again. But that will require it to change, to expand its domestic economy rather than rely, as it has long done, on its exports...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

Over the course of Zapatero's first term, the PP requested that the government answer hundreds of questions about the alleged cover-up, while party leader Mariano Rajoy went so far as to suggest that a key piece of physical evidence - a backpack loaded with explosives - may have been planted in order to lend credence to the Islamist theory. These doubts were fanned by the center-right newspaper El Mundo, and Catholic radio station COPE into a full-fledged conspiracy campaign. Yet even after the country's national court found absolutely no connection between ETA and the Madrid attacks, Rajoy...

Author: /time Magazine | Title: Five Years After the Madrid Bombings | 3/11/2009 | See Source »

...controversial ruling, the Supreme Court barred Sharif and his younger brother Shahbaz from standing for elected office. The decision triggered the collapse of the Punjab government led by Shahbaz as Zardari moved swiftly to impose governor's rule on the largest and wealthiest province, handing over control to a key ally, Salmaan Taseer. The Sharifs have since been staging political rallies across Punjab, rallying support for the protest march with a series of inflammatory speeches denouncing Zardari's government...

Author: /time Magazine | Title: In Pakistan, Zardari's Crackdown Betrays Weakness | 3/11/2009 | See Source »

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