The recall of some 15 million cars due to defective airbags manufactured by Takata Corporation, which are believed responsible for five deaths, is one of the most damning indictments and illustrations of Japan’s fall. While Abenomics is directed primarily at macro-economic policy, including seeking to restore competitiveness through a weaker yen, the reality is that the Japanese manufacturing corporations that inspired admiration and awe – in some cases fear – across the world are not what they used to be. The travails of Sony
Sony, once the iconic global Japanese brand held to be synonymous with quality and innovativeness, could serve as the illustrative narrative of Japanese industry’s rise and fall.
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