Japan apparently needs to step up its game if it wants to regain its leadership in technology. Over the past few years, news articles have continually reported how South Korea, Taiwan and China have eclipsed Japan as the world’s technological powerhouses.
Japan’s heavy hitters like Sony, Hitachi, and Fujitsu, were once the darlings of the high-tech world. Now, challengers from neighboring countries have ended their dominance.
While it may appear Japan has lost some of its luster, its competitive edge cannot be measured simply by brand recognition. Japan’s established companies don’t fully reflect how the world’s third-largest economy continues to push technological frontiers.