How Japan Inc. Does Business
Many of the country's "structural" difficulties cannot be overcome by the government or by increased consumer spending ("Japan's real crisis," Special Report, May 18). For example, Japanese companies--and Korean ones, too--still focus on market share rather than profits. Such tactics are not a plot of Japan Inc., but rather a business model dangerously out of date. If a competitor brings out a new product, a Japanese company seems compelled to release a similar product, saturating the market and bringing down profits.
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