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What Does Made in Japan Mean?

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What Does Made in Japan Mean?
What makes Japanese products better?

Japanese people pride themselves for taking existing products and making it more refined and sell them for cheaper. That is how they dominated the world in many industries. Now there are many competitors from other Asian nations which are making things cheaper than Japanese. Japanese are moving more away from cheap products.

I think that is a mistake. Japanese should continue to pursue the art of making things better at cheaper price through handwork and innovations.
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