Second, Japanese manufacturers concentrated on the domestic market at the expense of global growth.
Not only have the Detroit companies retreated in the face of Japanese advances in the American domestic market but their European subsidiaries have also long been ceding share, as have such European players as Peugeot-Citroen, Volvo, Jaguar, and, of course, Renault.
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Because they were so heavily protected, Japanese financial institutions monopolized their rich domestic market.
At the same time, Japanese firms have been facing a stagnating domestic market.
The market now expects domestic Japanese Government Bond (JGB) holders to cash out and seek higher yield solace in U.S. Treasuries and other high-grade foreign bonds.
For a start the cellphone market is far from the only one where Japanese domestic standards are unique.
Low yields on Japanese government bonds encouraged domestic investors to step gingerly back into the market through new investment trusts.
The Japanese agency will start collecting data next year on banks' assets, domestic market shares, and transactions with other financial institutions to measure the potential risks that banks could pose to the financial system, Nikkei said.
The data show that producing and selling locally for the Chinese domestic market is becoming a vital component of global operations of many Japanese companies.
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And beyond South-East Asia the airline has just broken into the Japanese market, teaming up with All Nippon Airways to launch a new domestic carrier.
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"Takeda is a strong competitor in the Japanese market, and is still seen as the benchmark in many respects for domestic companies and multinational companies alike, " says Mark Milton-Edwards, director of business development at AstraZeneca KK (Japan).
We see secular weakness from the Japanese OEMs due to strong smart phone sales from Apple, Samsung and HTC in the domestic market.
The optimism is based not on an expectation of rapid or large increases in domestic sales, but rather on confidence in the continued strength of overseas market demand for Japanese products.
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