Quote:
Originally Posted by park123
Japan is a group of small islands with a hollowed-out industrial base. Certainly compared to the days of Made in Japan in the 1980s. Almost all consumer items are imported these days. Often under Japanese brands, but the items are no longer made in Japan. So the fact that Japanese nominal salaries are half of what they were 20 years ago compared to their peers in the USA, makes a difference.
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Japan sounds a lot like the U.K. That doesn't necessarily mean that London (or Tokyo) are dropping off the radar.