Yashiko looked down whenever he thought of his potential partnership with the Schulz family. 3
In the car, he sighed, saying, "Tanaka, Japanese economic development has been in a slump for a decade. Not only our family but the fortunes of a few prestigious families have been affected and shrunk. Also, our heirs are not as capable..." s
Tanaka asked hurriedly, "Chairman, Japan was once the most developed country in the world for a few decades ever since the world war. Why hasn’t it kept u p for the past ten years?"
Yashiko replied regretfully.
"There are many reasons contributing to this slowed-down economy. Firstly, there is a limited supply of natural resources and land in Japan. Secondly, there were no recent breakthroughs in the Japanese information technology industry.”
Yashiko continued emotionally, "Look, gone are those years when many Japanese sectors were on top of the world. These sectors have gradually lost their significance in recent years." 6
"Back in those days, Sony, Panasonic, Hitachi, and Toshiba were the established brands around the world. Sony had the world's best television that screened colorful pictures and sold over the world;
Sony Ericsson's mobile phones were popular globally, while Panasonic and Hitachi's home appliances and semiconductors were also very well-known. Look, where are these brands now? All losing its popularity!" s
"Oskia now produces the majority of television sets around the world due to its cost-effectiveness. Two gigantic makers share the world’s mobile phone industry. Apple Inc. from the United States owns one, and the remaining are shared between Huawei, Xiaomi, Vivo, and Oppo from Oskia. Where on earth would we find Japanese mobile phones? Even the Samsung brand from South Korea has long lost its attractiveness!" 6
Tanaka could not help but share the disappointment." You're right, Chairman. Japan has indeed lost its traditional competitiveness, especially in electrical products..."
Yashiko sighed and said, "Not only are we losing out i n electronics, but the Japanese steel industry also used to top the world, where even the Americans look highly upon our special raw steel. Nonetheless, the notorious scandal regarding bad steel has caused everything to tumble!" 7
"Originally, Shinkansen technology and high-speed rail technology were both innovated and pioneered by the Japanese. Nevertheless, who would have thought that Oskia's high-speed rail would come out on top, causing Japan, German, and France's HSR to come sorely lacking. Even Shinkansen technology had lost most of its overseas sales..." 6
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