by Scott Peterson
It seems to me that a sector that Japan could be a solid competitor globally would be in the commercial launch business. Basd on my cursory scan of the Japan Aerospace Exploration Agency's page on it's H-IIA-primary large-scale launch vehicle, the vehicle could be competitive
with other commercial launch ventures, such as International Launch Services and Sea-Launch.
In addition, investing in space exploration initiatives would provide high-paying jobs which should help domestic demand somewhat and could provide a source of national pride.
Development of a ballistic missile program would also generate jobs and would raise Japan's profile as a military force to be reckoned with. I don't think that Japan with a credible military is anything to be feared more than say the militaries of India or China.
Japan Real Time Charts and Data
Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Japan related comment. He also maintains a collection of constantly updated Japan data charts with short updates on a Storify dedicated page Is Japan Once More Back in Deflation?
