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Japan's IT Industry: A Ray of Sunshine in the Economic Gloom

by Tomoo Matsubara

Currently, Japan is in the most severe economic recession the country has ever experienced. After the bankruptcy in 1997 of six securities firms (including two of the largest, Yamaichi Securities and Sanyo Securities), two big banks -- the Long-Term Credit Bank of Japan and the Nippon Credit Bank -- formally announced insolvency in 1998. Thanks to the benevolent bail-out law for insolvent banks that the government hastily enacted and administered, these banks are now under government control.

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Japan's IT Industry: A Ray of Sunshine in the Economic Gloom March 1999

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Cutter Consortium, founded in 1986, is a global IT advisory firm helping organizations forge solutions to the business technology challenges they face. Through its research, consulting, and training, Cutter assists enterprises as they create, implement, and maintain IT systems and organizations that support business objectives and encourage innovation. Cutter pushes the thinking in the field by fostering debate and collaboration between thought leaders from different domains, countries, and disciplines. As a completely independent entity that has no special ties to vendors, Cutter Consortium is beholden to no one and dedicated to providing completely objective, unbiased information to its clients. Cutter Consortium gives you access to the top thinkers in IT.

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