The recent financial and corporate governance scandal that engulfed Olympus, one of Japan’s best-known and most respected companies, together with Japan’s stagnant economy of the past 20 years and its demotion from being the world’s second largest economy, has raised questions about the style and effectiveness of Japanese-style management, which for decades was revered and even feared by the Western world. This book provides a unique, insider’s perspective of the crisis of Japanese management that has contributed towards Japan’s current economic woes. It contains analyses of how major Japanese corporations such as Toyota, Canon, Nippon Steel & Sumitomo, Hitachi and Olympus have been really managed. The author argues controversially that, in parallel to the expansive economic policies of Prime Minister Shinzo Abe, Japan’s economic growth in the future will also depend on a radical reformation of its management style and practices.