Japanese economy is still attempting to rebound from an extremely turbulent
the March 11 earthquake and tsunami that killed at least 22,000 people.
Major Japanese nuclear power plant issues aside; the country's government and
business economy must try to salvage its fiscal year.
Due to these prolonged economic issues, Japanese tech companies also languish as they face numerous
There is a constant change that has drawn criticism from Japanese legislators;
they are pressuring companies to keep products flowing outside of the country.
Although Japanese-made products are practically everywhere in the US, there is
growing concern not enough tech-savvy products are being released.
remains in the red as the Japanese game maker continues to look for ways to
generate revenue in current products. To help spur interest, Nintendo plans to
drop the cost of the 3DS almost $130 later this month in Japan. The 3DS earned
fast attention from gamers, but has struggled to keep interest up.
Nintendo should face an extremely interesting challenge when the Sony
PlayStation Vita hand-held is released in the US later this year for
$299. Even the Vita will face pressure in the United States competing with
Nintendo and mobile phone gaming systems.
Panasonic's acquisition of Sanyo will lead
to job cuts and corporate reshuffling, while tech-based companies also look
to expand their product portfolios.
Companies will continue to have trouble in a rough global economy, with the
Japanese infrastructure still recovering from the March tsunami. The entire
Japanese economy is still in recovery mode, and its stock market recently
suffered when more doubt arose in the US economy.
Companies such as Sony, Toshiba, Canon, and other long-time superpowers must
evolve and perhaps open the door for more foreign products to hit the US and
European markets. Japanese tech news sites routinely
announce consumer electronics products that are destined for the
Japanese market only.
Japanese consumer spending still remains low -- and isn't expected to change
immediately -- while Japanese companies also struggle.