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Associated Press - December 27, 2010

Media Outlet: 

Associated Press



For once-confident Japan, 2010 may well mark a symbolic milestone in its slide from economic giant to what experts see as its likely destiny: a second-tier power with some standout companies but limited global influence. "One would think there would be more of a sense of urgency here," said Jeff Kingston of Temple University, Japan Campus. "At best, Japan will muddle through, meaning it will avert catastrophe, but it is hard to see anything but bleak prospects in a country that should be doing better given its enormous strengths."