Japan reality check: what is Japan's economy good at?
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Japan reality check: what is Japan's economy good at?
1–6 of 6 posts
Re: Japan reality check: what is Japan's economy good at?
#2Mass production with fine tolerance at scale. Tesla has a q problem, Japan invented six sigma. (not really: motorola did but Japan "gets it") Tokyu hands is stuffed to the gills with tchotke made to micron tolerance.
Submarines. No, really. They're good. Military export is hard, competitive business.
Pocky. And multicolour flavoured kitkats. They do kitkat better than the British original.
Shinkansen: they are a national railway NOT built in China. And I'm willing to bet the supply chain behind them is indigenous too. Same for almost everything above: if there's a domestic feedstock or part, they're using it.
Re: Japan reality check: what is Japan's economy good at?
#3Food security. Japanese aren't starving, and Japanese farmers are a protected species. Sure, they'd have shortages if trade slowed but compared to many other economies, farming is understood to be strategically necessary. Mass production with fine tolerance at scale. Tesla has a q problem, Japan invented six sigma. ( not really: motorola did but Japan "gets it") Tokyu hands is stuffed to the gills with tchotke made t…
Re: Japan reality check: what is Japan's economy good at?
#4Food security. Japanese aren't starving, and Japanese farmers are a protected species. Sure, they'd have shortages if trade slowed but compared to many other economies, farming is understood to be strategically necessary. Mass production with fine tolerance at scale. Tesla has a q problem, Japan invented six sigma. ( not really: motorola did but Japan "gets it") Tokyu hands is stuffed to the gills with tchotke made t…
Interesting that you focused on specific production sectors while the article is more broad and abstract.
Arguably national strategic domestic preference, and technology transfer inbound to marketable reproducible product design? That's the common quality I was arguing to.
I believe they have a bi-facing model: national enterprise uses offshore to produce export goods under the brand, and domestic supply preferences onshore (eg cars) which suggests a pretty good IPR model.
Nobody much says the Japanese fintech sector is the rational choice against London. So post brexit they didn't say "let's all move to Japan" which suggests they aren't the big cheese there? (They went to Dublin and Frankfurt) but maybe with HK losing favour, Japan is a good pick?
Re: Japan reality check: what is Japan's economy good at?
#5I once asked what JP got from the Plaza Accord (DE got reunification); this would seem to be the answer. Why fret over a little parochial stagflation when one is getting good returns by investing in the global economy?
Re: Japan reality check: what is Japan's economy good at?
#6Food security. Japanese aren't starving, and Japanese farmers are a protected species. Sure, they'd have shortages if trade slowed but compared to many other economies, farming is understood to be strategically necessary. Mass production with fine tolerance at scale. Tesla has a q problem, Japan invented six sigma. ( not really: motorola did but Japan "gets it") Tokyu hands is stuffed to the gills with tchotke made t…