Quote:
Originally Posted by AlienQ
In Japan all the Japanese buy domestically. They have a philosophy of selling huge outside thier country but inside they tend only buy thier own products.
Japanese laws have made it so that if you want to sell in Japan you have to make it in Japan. Imports to Japan is grossely taxed. America used to have the whole "Buy American" and Made in the USA addage and many American business laws pushed domestic manufacturing with domestic purchase.
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Japan's economy has been one of the slowest growing of industrial countries for almost two decades now. Their economy has only grown at a little less than 1.4% per year since 1990. The US by comparison has grown at 3.1% per year. (Source: IMF)