Found interseting article in the Aug,19th 2010 issue of "The Economist"
Article states:
"Japan has long kept the cost of capital low, to boost investment or help stragglers. Since the financial crisis began, bureaucratic organs such as the Innovation Network Corporation of Japan and the Enterprise Turnaround Initiative Corporation have been handed $25 billion to revitalise ailing companies. Among the latter agency's first acts was to assist a dying wireless operator that bet on archaic technology.

Food for zombies

The system almost guarantees that fresh capital goes to the losers of yesteryear. Because struggling companies rarely die, new ones do not form. Japan's bankruptcy rate is half of America's; the rate at which it creates new firms is only a third as high. Japanese venture capitalists are few and far between. Japan's bureaucratic allocation of credit seldom spurs animal spirits. Rather, it nourishes zombies."
What are your thoughts?
Does anyone know information about Hitatchi's involvement in the formation of incj? Curious minds would like to know!