In his 1986 autobiography Made in Japan, Akio Morita, co-founder of Sony, said this about his homeland’s rise to industrial pre-eminence: “While the US has been busy creating lawyers, we have been busier creating engineers.”
A quarter-century ago, Japanese companies and their diligent, technically adept workers had the global economy by the tail.
Their grip faltered in the 1990s, with the bursting of the country’s asset bubble. But even today many in Japan are counting on advanced technology to shelter their industries from South Korean and Taiwanese competition.
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