JAPAN: HITTING ROCK BOTTOM

WHY JAPAN MAY NOW BE WORTH AN INVESTMENT

The U.S. has certainly had a hard time cracking the Japanese market, which doesn't seem to want our cars, computers, film or steel. Don't even mention rice. But last week we finally found something the Japanese truly need: made-in-the-U.S.A. management style. It's the brutally honest kind, which has littered boardrooms with the carcasses of middle managers--and incidentally, enabled us to thrive in a viciously competitive global economy. Europeans are now buying it by the caseload, but Japan has been a country in denial. Its tattered stock market and eight-year malaise have left this once feared economy in desperate need of action.

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