Economics: Japan's globally-oriented entrepreneurs believe in home-grown skills

Hand-crafted Japanese motorcycle helmets sell worldwide (photo:dpa)
Hand-crafted Japanese motorcycle helmets sell worldwide (photo:dpa)

Japanese business culture has huge respect for manufacturing even though it is of relatively little importance to overall economic output compared with the service sector. This report looks at why the country's entrepreneurial top talent concentrates on manufacturing.

WHY are Japanese entrepreneurs, the driving force behind the country’s Hidden Champions, concentrating on the industrial sector of the country’s business life when it accounts for only a quarter of national economic output?

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The question is especially pertinent as the few Japanese Hidden Champions in the service sector are considerably more profitable than their indust...

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