In The 2nd Quarter Japanese authority reported that Japan may have negative growth in the 2nd quarter as a result of a weak internal consumption market. However, increasing industrial consumption and capital expenditure may still fuel the unstable and minor growth in the second half of the year. In these few years, Japanese had bad experience in investing on the retail business in Asian countries. Many department stores had been closed down or down-scaled. Also due to Japanese business culture, a lot of enterprises that financed and supplied these department stores suffered too.
Japanese enterprises are famous in making continuous minor improvements to excel their competitors.
However, in the new economy, they seem to have to make more drastic changes to adapt such changes in the new economy. The traditional Japanese business culture is now subject to the greatest challenges and changes that they have not come across before. The publisher is not liable for any loss or damage for the information published in this website. Mr. Ricky W.O. Lau of 'IT Concept' except those stated otherwise.