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The decline of Japan

Updated: Nov 16, 2020

Japan is continuously having many problems. Just recently, Japan’s economy contracted by 7.8 percent - the worst decline on record. Not only its economy, radiation, and continuous declines in many industries such as technology, automobile, and J-Culture are becoming noticeably big.

First, I want to ask you a question; what does Japan have that can compete with Apple and Samsung on a global market in terms of technology? Just a few decades ago, virtually everything in the electronics world, from televisions to microwaves and digital music players were Japanese. However, now, it is becoming more and more nonexistent.

"People used to have Sony homes," said Tony Costa, an analyst at Forrester Research. "You're just not seeing that any more."

How many of you use products such as phones, tablets, laptops, and television made by Sony, Panasonic, or Sharp?

The hard truth is that Japanese electronics companies have done nothing more than tread water for a decade and a half, as Gerhard Fasol, founder and CEO of Eurotechnology Japan, points out. -

“If you just look at the sales, the top eight companies of the Japanese electrical sector have about $600bn in sales combined… but for 15 years they have had no growth… so it is very clear that their business model doesn’t work anymore.”

It’s not only technology, even Japan’s automobile industry and its safety standard has also been falling behind judging from reports and articles;

Tax hike sends Japan auto sales into first decline in 3 years - Nikkei Asia

Nissan recalls 1.2 million Japan vehicles for re-inspections - USA Today

Nissan plans to recall more than 1.2 million vehicles in Japan - CNBC

Japan to Ask Automakers to Recall Vehicles With Faulty Takata Airbags - The New York Times

Japan auto industry seeks to avoid suspending operations, but worker safety priority - Reuters

Besides the technology and the automobile industry, Japanese culture has also been in decline. Just a few decades ago, J-dramas, J-pop, and J-fashion were on the rise.

The export of Japanese television programs overseas started in the 1970s and the rapid growth of Japanese television programs globally especially in Asia started in the early 1980s.

However, in the 21st century, the glory of Japanese dramas seems to have faded and been replaced by the “Korean wave”. Perhaps the younger generation nowadays has not even heard of “J-Pop”.

Many people are saying that Japan is focused too much on the domestic market.

Every single K-pop/K-drama push was carefully calculated by the Korean conglomerates while the Japanese market sat on their laurels. Even anime with all its overseas audience is hardly even an afterthought for many anime studios.

On top of all of this, we have to keep in mind that Japan currently has the highest aging population in the world.

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