{"id":530,"date":"2010-12-24T06:42:15","date_gmt":"2010-12-23T21:42:15","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=530"},"modified":"2010-12-24T06:42:15","modified_gmt":"2010-12-23T21:42:15","slug":"wall-street-journal-december-22","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=530","title":{"rendered":"Wall Street Journal (December 22)"},"content":{"rendered":"<p>Two partners in Bain &#038; Company&#8217;s Tokyo office write \u201cJapan&#8217;s marketplace isn&#8217;t a monolith.\u201d They believe the cosmetics business provides \u201cglimpses of what a better Japanese economy would look like.\u201d During the past decade, cosmetics have benefited from deregulation such as the elimination of manufacturer\u2019s recommended prices and relaxed procedures with the Ministry of Health, Labor and Welfare. \u201cThese reforms have had dramatic implications. By spurring new and dynamic competition, deregulation unleashed a refreshing spirit of innovation in an industry that had grown stagnant.\u201d The authors believe companies, consumers and Japan\u2019s economy have benefited because the \u201cmore competitive market forces companies to think more creatively about consumers&#8217; needs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two partners in Bain &#038; Company&#8217;s Tokyo office write \u201cJapan&#8217;s marketplace isn&#8217;t a monolith.\u201d They believe the cosmetics business provides \u201cglimpses of what a better Japanese economy would look like.\u201d During the past decade, cosmetics have benefited from deregulation such as the elimination of manufacturer\u2019s recommended prices and relaxed procedures with the Ministry of Health, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[420,418,419,326],"class_list":["post-530","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-competition","tag-costmetics","tag-deregulation","tag-tokyo"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=530"}],"version-history":[{"count":0,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/530\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}