According to Jeita data, Japanese exports of audio and visual equipment, digital cameras and music players have plummeted over 60% to 649 billion yen since 2007, largely due to increased international competition from Apple (NasdaqGS: AAPL).
“Japan has lost in this transition from the flip-phone to smartphones,” Gerhard Fasol, president of consultancy Eurotechnology Japan, said in the article. “That’s an old issue, but the fallout is coming now.”
iShares MSCI Japan Small-Cap ETF
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Max Chen contributed to this article.