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Japan is in trouble because Korea and now China have undercut them with cheap slave labor (30 cents and hour in China) and unlimited pollution (you cant even breathe in China now -estimated 1 million dead per year but who cares with a population of billions). But guess what? Vietnam is getting poised to even undercut China on wages. Meanwhile we wring our hands about the evils of past slavery in this country and continue to buy at WalMart and Rooms to Go whose whole sucess is based on Chinese slave labor. We are truly a once great nation that in one generation has lost all of its moral principles.

Japan put all it's marbles on technology. Now they are losing market share big time in large part because of cheap labor as you mentioned. Their automobile market share is dropping because their cars used to be reliable and cheap, a.k.a. Toyota, Datsun. Now they are expensive and Domestic autos are actually competing again.