Definitive Work by a Leading Macroeconomist! 'Japan: Decline or Revival? Zeitgeist and Animal Spirits' Released Today!

Shinchosha Co., Ltd. released the latest book by Hiroshi Yoshikawa, Professor Emeritus at the University of Tokyo and a leading authority in macroeconomics, titled 'Japan: Decline or Revival? Zeitgeist and Animal Spirits' on Thursday, May 21, 2026.

This book serves as an answer to the 1999 bestseller 'Why Japan Will Decline' by the late Michio Morishima, a world-renowned economist and Professor Emeritus at the London School of Economics.

From the Introduction: 'A society that should be functioning well changes over time. It does not always change for the better... In this book, I have chosen to use the slightly old-fashioned term, "Zeitgeist."

[Key Highlights of the Book] - Both Argentina and Japan share a common point: the expansion of economic disparity. - The reason for the lack of improvement in birth rates is the existence of an "Factor X" that negates the positive effects of policies. - The stagnation of innovation is driven by the transformation of the people's "Zeitgeist."

[Book Overview] Title: Japan: Decline or Revival? Zeitgeist and Animal Spirits Author: Hiroshi Yoshikawa Format: 46-ban (224 pages) Price: 1,760 yen (tax included) Release Date: May 21, 2026 ISBN: 978-4-10-603946-1 URL: https://www.shinchosha.co.jp/book/603946/