TOKYO -- At the end of 1989, with Japan's bubble economy blindly approaching the cliff's edge, Japanese companies made up about half the world's 100 most valuable corporations.
Growth stalls as CEOs hesitate to cut off unprofitable units

Japan Inc. could learn a thing or two from the West about focusing on core competencies and divesting unprofitable businesses.
TOKYO -- At the end of 1989, with Japan's bubble economy blindly approaching the cliff's edge, Japanese companies made up about half the world's 100 most valuable corporations.