However fast companies are cutting capacity that once served Americans' debt-fuelled consumption, Japan's whole economic structure is geared towards meeting external demand.

ECONOMIST: Japan

China has already reaped all the easy growth that comes with starting from a low base, and now it needs to, among other things, encourage consumption, allow the renminbi to float, flatten the social structure, promote democratization, remove restrictions on labor, adopt the rule of law, and strengthen the social safety net.

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The Liberal Democratic Party (LDP) and the newly installed Minister of Finance and Economy, Mr. Yosano, has been fairly consistent in wanting to retain the insurance structure of the pension scheme, but has been willing to tap consumption tax revenues to fill part of the funding gap.

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Most people have one or more area of their lives that they find difficult to structure and control, whether it be personal finance, diet and exercise, media consumption, intoxicants, obsessive thoughts or behaviors whatever.

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