What We Learn from the Decline of Japanese Electronics Industry

Abstract

The Japanese electronics industry has remarkably declined in the 21st century. Its domestic production in 2019 was less than half of the peak. The trade balance of it has shown deficit in recent years. The turning point was 1985. The deregulation of communication businesses and movements toward the end of the cold war have then established a new global sharing system of design and fabrication. Japanese electronics firms, however, disliked the new sharing system, and they have chosen the way for the decline.