Japan's industry 'champions' defy tradition to succeed in world trade

The 'hidden champions' break away from Tokyo's traditions (photo:dpa)
The 'hidden champions' break away from Tokyo's traditions (photo:dpa)

Japan is still a largely inward-looking country, but 200 of its medium-size companies have become world market leaders by defying language and cultural barriers to dominate their market.

Japan's industry 'champions' defy tradition to succeed in world trade

‘HIDDEN champions’ are at the vanguard of globalisation in Japan. The 200 medium-sized companies, known to few except experts, are ranked at the top of their respective world markets.

Their leading position is significantly more pronounced than that of giants such as Toyota, Honda and Sony, which are household names worldwide, and their respective global market share often exceeds 50 per...

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