I like all the rebuttals but the top still strikes me as mostly unsubstantiated claims > That (gerontocracy) in turn has caused Japanese companies to fall behind foreign rivals as they miss technological revolution after revolution — microprocessors, smartphones, semiconductor foundries, battery-powered cars, etc. smartphones: Japan led the world until iPhone then everyone was catching up. Nokia, Ericsson, Microsoft.…
> Why should Japan have excelled here vs any other country? 30 years ago Japan was world-beating, today it isn't. You could say that to not be excelling is the norm, and the causes of success 30 years ago are the things to be investigated; nevertheless, this feels like a decline. > I watched several large bitcoin startups um, startup. I saw what must have been 11 different payment system appear (PayPay, D-Pay, ...),…
> Japan has dozens of payment systems but how many of them are competing outside Japan?
Why would they? Japanese companies speak Japanese and make things for Japanese. The exceptions are just that, exceptions.
And to be clear, my point is why is Japan called out for this? Where's the article that Germany is a failure because they don't have a global payments competitor? How about France? India? China? Why is only Japan that gets this special "you're a failing country because you don't have a global payment offering"