As the various triggers for a recession align themselves together once again here in the West, it is useful I think to remember the strange inverse relationship that our economies have with Japan. For the last ten years or so of expansion, growth and success in the US and European economies, Japan has languished in a recession. That's right, for all the time that we have had these good times, the Japanese have had bad times. Conversely, back in the 1980s, when the US and Europe struggled with serial recessions, the Japanese economy boomed and seemed on its way to becoming a new standard for all industrialized economies. So now the question is, as we slide into a recession, does that automatically mean that Japan Inc. will suddenly thrive and grow again? Let's keep an eye on it.