Japanese Manufacturing - From Summit to Plummet

http://www.economist.com/node/21547815

This article details the failure of many companies in the Japanese technology sector to remain profitable or competitive on the international market. All of the big electronics firms in Japan, like NEC and Sony, have lost massive percentages of their value since 2000, and are having huge difficulty recovering in the market. Some of the reasons cited for the failures of these companies are that Japanese Industry is not diversified enough and that many companies, like NEC, failed to innovate following the liberalization of trade policies within the country.
These companies have been staying in fields they can no longer compete in, using funds from other sectors to bankroll their failures. This leads to massive waste in capital and is hurting them severely in the long run.  These Japanese countries will need to take serious steps soon if they want to avoid being run out of business in the future.