I have a soft spot for Japan that dates back three decades or so, when I first traveled there for Microsoft. Today, of course, Japan is intensely interesting to anyone who follows global economics. Why were its companies—the juggernauts of the 1980s—eclipsed by competitors in South Korea and China? And can they come back? Those questions are at the heart of this series of dialogues between Ryoichi, an economist who died in 2013, and his son Hiroshi, founder of the Internet company Rakuten. Although I don’t agree with everything in Hiroshi’s program, I think he has a number of good ideas. The Power to Compete is a smart look at the future of a fascinating country.