Decline of Entrepreneurship Blamed for Japan Woes

Worn out and resigned to its dwindling status, Japan Inc. is said to be quietly shuffling off the world stage. But dont tell that to Kenji Hasegawa, who is ready to conquer the global auto market with his nifty innovation, a bolt that doesnt need a nut. Or Chiaki Hayashi, who makes millions teaching big-name companies to be creative again.

As different as they seem — Hasegawa runs auto-parts supplier Lockn Bolt Corp. and Hayashi is a rare woman to help found a Tokyo startup — both highlight the potential of innovation and entrepreneurship in a nation that is often typecast as facing an unrelenting decline.

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