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While they may be Japanese brands they aren't Japanese companies, they are multi-nationals. Much like the US they have outsourced all of their manufacturing. A
by stonemetal 10y ago
While they may be Japanese brands they aren't Japanese companies, they are multi-nationals. Much like the US they have outsourced all of their manufacturing. A strong Honda that manufactures their motorcycles in Thailand and their cars in North America doesn't translate into robust Japanese employment. Fewer local jobs means less money going into the local economy.
- Bartweiss 10y agoOn some level, Japan's story isn't one of high hopes and stagnant results, it's one of amazing growth in face of reality. Even in our tech-rich, service-driven economies, national growth is still largely a function of population, space, and resources. Over a half-century, Japan modernized to near the peak of first world nations on a crowded, resource-poor island. With that played out, they're sustaining their position largely by adding value to the workforces and production capacities of other nations. You're absolutely right that a lot of Japan's corporate strength doesn't translate to GDP growth, but even flat GDP is damned impressive in a lot of ways.