In the 1990s, Japan was a dominant force in the tech world. Consumer electronics brands like Sony, Panasonic, Toshiba, and Nokia brought in billions in revenue. The glitz of Tokyo's neon lights only added to the luster.
Over the last decade, however, Japanese tech brands have seen a fall from grace. A lack of outward focus has been a driving factor, as Japan is a highly insular society. Immigration is almost non-existent, and major companies seldom look to other parts of the world for inspiration on ways to innovate.
Had Japanese brands captured the mobile market as it began to take off, experts suggest, the economy might be in a different position today.