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As Sony struggles, many see cautionary tale for Japan

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When Sony announced some $6 billion in losses in May along with plans to cut 10,000 jobs, it wasn't taken here simply as evidence of an iconic electronic titan in trouble. To many Japanese, it symbolized a larger problem: a society clinging to outmoded ways and rigid seniority in a world where rewards increasingly go to the entrepreneurial. (csmonitor.com)

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