A challenge to superficial and mistaken assumptions about Japan's top management among foreign businessmen, such as Japanese management's supposed long-term outlook, slow decision-making, and strong desire for new technologies. The hard facts to destroy these myths is provided, based on interviews with managers in 100 top Japanese firms. Current Japanese management practice is placed in the context of the business relations developed to rebuild the shattered economy after World War Two, and the monumental changes which took place after the crash of the bubble economy in 1992. New scenarios for Japan's future are discussed and examined.