Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 4 pages
Data source: Published sources
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https://casecent.re/p/19514
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Abstract
Japan''s technology industry, which had been weak since the bursting of the IT bubble, have suddenly been rejuvenated. Earlier, Japanese companies like Sony, Sanyo and Matsushita were considered to be the benchmark for tech goods worldwide. The recent development in other Asian countries like China, Korea and Taiwan have brought them at par with Japan. Companies like Lucky Goldstar (LG) of Korea started giving tough competition to their Japanese counterparts. Strong demand for Japanese electronics and other goods in recovering world markets had helped lift the economy out of a 10-year slump. Digital appliance products such as mobile phones and digital versatile disc (DVD) devices were propelling this movement. The case helps to discuss the effect of the technology industry on the Japanese economy and also its successful revival after the IT bubble bust.
About
Abstract
Japan''s technology industry, which had been weak since the bursting of the IT bubble, have suddenly been rejuvenated. Earlier, Japanese companies like Sony, Sanyo and Matsushita were considered to be the benchmark for tech goods worldwide. The recent development in other Asian countries like China, Korea and Taiwan have brought them at par with Japan. Companies like Lucky Goldstar (LG) of Korea started giving tough competition to their Japanese counterparts. Strong demand for Japanese electronics and other goods in recovering world markets had helped lift the economy out of a 10-year slump. Digital appliance products such as mobile phones and digital versatile disc (DVD) devices were propelling this movement. The case helps to discuss the effect of the technology industry on the Japanese economy and also its successful revival after the IT bubble bust.