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In Quest for Japan's Revival, Abe Secures His Own Comeback
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Yuka Hayashi describes the remarkable comeback of prime minister Shinzo Abe in Japan, his "Japan is Back," strategy and its personal overtones. He describes a visit- by Japanese known for taking that second or third chance and making it work through difficulties- to the prime ministers residence for discussion on the theme of "the second chance." The premier tells the visitors that Walt Disney would never have been heard of if he had not tried the sixth time after five failures, and not succeeded in Japan, which has a risk and failure averse business environment. Encouraging risk taking to setup new ventures and open up new frontiers and markets is part of the growth strategy for Japan. His personal struggle with ulcerative colitis during the period of his first term as prime minister, and the new drug discoveries that made it possible for him to recover, give Abe a fresh burst of energy this time. His story and Japan's story now coincide. Abe says the mission of the new LDP is to make sure that talent now flows from mature industries to the industries of the future.
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The comeback of Shinzo Abe as the LDP wins elections for both houses of parliament in 2013. Shinzo Abe emphasizes the importance of handling failure for Japanese startup companies and new ventures, and says this was his own experience in handling ulcerative colitis during his first term as prime minister. New advances in medicine made it possible for him to recover and plan his return to party leadership. He says it is wrong for people to associate the LDP with the Old Economy, when Japan is all about the future and new companies breaking new ground.
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