asia king of the area is. it is china. ice no longer japan. japan had its heyday. it's much considered a has-been. that was in the 1980s. it is now struggling with a number of domestic problems. it has got to figure out what to do about stagnation and deflation. it is something it has struggled with. it has got to figure out how to deal with political problems. they've not been able to keep a consistent person in that top job to allow for economic policy. they have a demographic tsunami coming. that is this country has the fastest asian population with one of the world's lowest birth rates. it also has one of the largest gdp debt. japan has simply got to deal with it. corporate japan has also got to deal with it, namely the strong yen. yet, despite this torch passing,