Earlier quoted context omitted.
That doesn’t explain why japanese manufacturers who used to make sports cars in the 90s don’t anymore. It’s a mixture of enthusiasm and conspicuous consumption. Most enthusiasts love 90s japanese cars, but the average person sees an old mazda and recoils. But put an old ferrari in front of anyone and they have a completely different reaction.
Didn't the US put in a trade agreement that crushed the Japanese economy by overvaluing its currency?
The Japanese economy continued to grow until the mid 1990s. I think the real culprit was low birth rate in the prior 20 years did not train the next generation of productive workers. China, South Korea most of Europe face similar issues