Can the sun rise again in the ubiquitous information age? : Feasibility of a vigorous economic growth for Japan under the diminishing demographic trend
研究日本在人口老龄化和减少趋势下实现强劲经济增长的可行性，分析生产率增长潜力及信息技术投资对生产率复苏的影响，并探讨1990年代日本未能从新技术中获益的原因。
The purpose of this paper is to examine the feasibility of a vigorous economic growth for Japan, which is dealing with aging and diminishing demographics. We first analyze the potential growth rate of productivity that compensates this diminishing demographic trend, and then we examine the effect of investment in information technology on productivity resurgence. Besides, we investigate reasons and causes that prevented Japan from reaping the benefit of new technologies in the 1990s, reviewing corporate systems and government policies. These analyses reveal that it is feasible for Japan to achieve three percent economic growth if appropriate corporate reforms and policies are enacted. It seems that Japan is ready to grow, making the 1990s not only the "lost decade" but also the "born-again decade" to lead the merits of innovation in information technology.