The conversation between human and AI assistant.
Why are Japanese companies losing to Chinese or Korean companies?
I see. What about market saturation in certain industries? How does that affect companies in these countries?
Market saturation can make it difficult for companies to differentiate themselves and compete based on price. For example, the Japanese automotive industry has faced fierce competition from South Korean and Chinese manufacturers, which has led to declining market share for Japanese automakers. On the other hand, Japanese companies have been successful in industries with high barriers to entry, such as the semiconductor industry.