Japan economics thread

[gadgetcool5]

Why Japan is largely a spectator in the coronavirus vaccine race​

TOKYO >> Japan’s development of COVID-19 vaccines is far behind that of other countries, and the Japanese public is unlikely to have access to domestic vaccines until 2022.

Industry sources blame the situation on a failure to promote consolidation within the pharmaceutical industry and the sheltering of small Japanese companies from international competition.

The day the U.K. became the first western country to begin inoculating its citizens, biotech startup AnGes Inc. — Japan’s front-runner — announced it had started a mid- to late-stage clinical trial of its vaccine.

A total of 52 vaccine candidates were in clinical evaluation worldwide as of mid-November, according to the World Health Organization. The one under development by AnGes was the only Japanese contender. Other candidates from Japan are still in pre-clinical evaluation.

Please, Log in or Register to view URLs content!

I hate to keep beating up on Japan, but it's just a cautionary tale of what can happen if a country loses its vitality. In today's globalized marketplace you need big champions, you can't rely on small mom-and-pop companies competing on price with an undifferentiated product to move up the value chain. You need large companies with the R&D budget to advance technological frontiers.

Similarly, you can't protect everything behind an isolationist, autarkic domestic market and expect that your companies will be able to compete with global companies that go head to head with the whole world.

 

[ansy1968]

Why Japan is largely a spectator in the coronavirus vaccine race​

TOKYO >> Japan’s development of COVID-19 vaccines is far behind that of other countries, and the Japanese public is unlikely to have access to domestic vaccines until 2022.

Industry sources blame the situation on a failure to promote consolidation within the pharmaceutical industry and the sheltering of small Japanese companies from international competition.

The day the U.K. became the first western country to begin inoculating its citizens, biotech startup AnGes Inc. — Japan’s front-runner — announced it had started a mid- to late-stage clinical trial of its vaccine.

A total of 52 vaccine candidates were in clinical evaluation worldwide as of mid-November, according to the World Health Organization. The one under development by AnGes was the only Japanese contender. Other candidates from Japan are still in pre-clinical evaluation.

Please, Log in or Register to view URLs content!

I hate to keep beating up on Japan, but it's just a cautionary tale of what can happen if a country loses its vitality. In today's globalized marketplace you need big champions, you can't rely on small mom-and-pop companies competing on price with an undifferentiated product to move up the value chain. You need large companies with the R&D budget to advance technological frontiers.

Similarly, you can't protect everything behind an isolationist, autarkic domestic market and expect that your companies will be able to compete with global companies that go head to head with the whole world.

@gadgetcool5 ,

That's the idea behind US sanctioning of Chinese tech firm, to make them irrelevant. Fortunately the CCP had studied the Japan situation back in the 80's and 90's and not retaliated knowing that it can survived using its huge domestic market. Remember Japan had the tech but not the market while China had the opposite. Japan need the outside world to survive (the US sanctioning of JApan led to the pearl harbor attack, the US is trying to do the same thing to China) while China thru her history can survived by just eating bitterness.

The US hatred and feared Japan is still anchor from WW2, most of the leaders of the western world had experience the horror of war and they haven't forgotten Japan especially the Pearl harbor attack. And of course the humiliation of being defeat by a rice eating Asian is unfathomable. Now the road block for continuing Western dominance is the CCP and Putin cause both of them are student of history, they had lived it and survived. That experienced and wisdom alone is hard to beat.

 

[gadgetcool5]

Eclipsed by Chinese rivals, Panasonic quits solar cells and panels​

With the withdrawal of Panasonic, Kyocera and Sharp will be the only major companies in Japan that produce solar batteries and panels. The global share is now dominated by Chinese manufacturers such as JinkoSolar, and the Japanese makers who once led the market are losing ground.

Please, Log in or Register to view URLs content!

The story of Japan part #32,869

 

[Hendrik_2000]

Eclipsed by Chinese rivals, Panasonic quits solar cells and panels​

With the withdrawal of Panasonic, Kyocera and Sharp will be the only major companies in Japan that produce solar batteries and panels. The global share is now dominated by Chinese manufacturers such as JinkoSolar, and the Japanese makers who once led the market are losing ground.

Please, Log in or Register to view URLs content!

The story of Japan part #32,869

That the story of Japan across whole swath of industry from pot and pant to consumer electronic think of TV, Stereo, etc to computer and cell phone Japan just stop inventing because of bureaucracy and lack of entrepreneur spirit and play safe of financial institution. They know what todo but the elite still hamstrung by their obsession of superiority . China is their only salvation. They still have very educated and highly skilled population with work ethic So all is not lost but they have to decide. It up to them to choose

 

[subotai1]

Eclipsed by Chinese rivals, Panasonic quits solar cells and panels​

With the withdrawal of Panasonic, Kyocera and Sharp will be the only major companies in Japan that produce solar batteries and panels. The global share is now dominated by Chinese manufacturers such as JinkoSolar, and the Japanese makers who once led the market are losing ground.

On the other hand, Panasonic is Tesla's partner in all of the battery plants (which are for more than just cars). So, its not exactly leaving the game.

 

[gelgoog]

On the other hand, Panasonic is Tesla's partner in all of the battery plants (which are for more than just cars). So, its not exactly leaving the game.

I thought the cars Tesla made in China used Chinese batteries and Tesla is developing their own battery? Does not bode well for Panasonic in the long term especially when Japanese automakers like Toyota have cold feet with regards to EVs. The exception is Nissan and AFAIK they use LG Chem batteries.

 

[gadgetcool5]

Nikkei Back Above 30,000 After More Than Three Decades​

The last time the Nikkei traded above 30,000 was Aug. 3, 1990, a day after Iraq's surprise invasion of Kuwait poured cold water on investors expecting the peace will prevail after the end of Cold War in late 1989.

Compared to the 1988-1990 period, most investors see the Nikkei's rise above 30,000 as less frothy. The market is traded at about 17 times expected earnings, higher than recent years but not about 50 times in 1990.

Please, Log in or Register to view URLs content!

Finally some good news for Japan.

 

[PiSigma]

Nikkei Back Above 30,000 After More Than Three Decades​

The last time the Nikkei traded above 30,000 was Aug. 3, 1990, a day after Iraq's surprise invasion of Kuwait poured cold water on investors expecting the peace will prevail after the end of Cold War in late 1989.

Compared to the 1988-1990 period, most investors see the Nikkei's rise above 30,000 as less frothy. The market is traded at about 17 times expected earnings, higher than recent years but not about 50 times in 1990.

Please, Log in or Register to view URLs content!

Finally some good news for Japan.

How is this good news? Their stock market is 30 years behind on inflation... This is more than a little pathetic.

 

[gadgetcool5]

Sony's sole attempt to enter streaming service market (which every major US media studio now has) by buying Crunchyroll may be blocked by the US DOJ

Sony’s Deal for Anime Platform Crunchyroll Faces Uncertainty (Report)​

Please, Log in or Register to view URLs content!

“If the DOJ decided to try to block the deal, the only impact would be to keep Sony, which owns no other streaming services in the U.S., a tiny player in streaming, while benefiting companies like Netflix and Amazon,”

 

[gadgetcool5]

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

This is a bad look for Toyota. They are just now bringing all-electric vehicles to the US, but at the same time, they are telling the government to slow their rollout when it comes to electric vehicles.

Those “tremendous challenges” that Wimmer is talking about are all things that other automakers have been actively addressing for years now, and Toyota would be on top of them, too, if they didn’t waste years and billions of dollars trying to make hydrogen fuel cells work in passenger vehicles.