Why is Japan’s growth rate negative?

Why is Japan's growth rate negative?Edit

Answer by Shuo Yang:

The underlying reason is its two dominant industries, consumer electronics and car, have been caught up or being challenged by South Korea(both car and consumer electronics), US(Apple), China and Taiwan(consumer electronics).

The next hope for Japan is robotics. Japan has strong advantage in robotics, but how will this industry boom remains to see.

Basically Japan and South Korea are with terrible congenital conditions: they have limited resources per capita, which means they have to work harder and longer than other countries so as to maintain a good life standard. Ironically, this may also be the reason why they can become a developed nation so fast, coz they have nothing to rely on except hardwork on technlogy.

Why is Japan's growth rate negative?


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