Word: postconsumerist
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...Cherish Old Allies (and Cultivate New Ones) It's no small matter that China, and not the U.S., is now Japan's largest trading partner. If overleveraged America really is destined to be mired in a postconsumerist funk for the foreseeable future, Japan needs to redouble its efforts to strengthen trade and diplomatic ties with its neighbors - not only to counteract China's growing influence in Asia, but also to grab a greater share of fast-growing Asian markets. "Japan can benefit from high Asian growth rates even with low domestic demand," says JPMorgan's Kanno. Closer relationships with Asian...
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