History repeats itself

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Once again, it is the intervention of foreigners that is causing Japan to open up to the outside world. And a more open corporate sector and fundamental changes in governance could mean an end to the view of Japan as a value trap, explains Joseph Mariathasan

In 1853 a small fleet of four black US navy ships, led by USS Powhatan and commanded by Commodore Matthew Perry, anchored at Tokyo Bay and opened up Japan to international trade after 250 years of ...

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