Want To Compete With Japan? Invest In Japan
It is unfortunate that "most foreign companies don't invest in Japan because it costs too much" ("A cheap buck won't work," Top of the News, June 14). Companies looking for lower cost investments elsewhere in Asia ignore the potential strategic value of investing and competing in Japan. Ceding the world's second-largest economy to their Japanese competitors only makes Japanese companies more competitive elsewhere, since they earn higher profits in Japan than they would if there were more aggressive foreign competition.
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