Japan's sluggish economy has puzzled Japanese and foreigners
alike for a decade or more. How is it that a country that was until
recently the world's second-largest economy, and boasts first-world
levels of income, can be so mired in low growth and low
productivity at home? Yet Japan's marketplace isn't a monolith, and
some industries do show glimpses of what a better Japanese economy
would look like. The cosmetics business is a case in point.
Read the full article at The Wall Street Journal Asia online
