Japan manufactures many products, including automobiles, consumer electronics and video games. Many prominent companies are based in Japan, including Sony, Nintendo, Toshiba, Casio, Canon and Honda.
Japan’s automobile industry is one of the largest in the world, with many of the top auto manufacturers based in Japan, including Honda, Toyota, Nissan and Subaru. Japan began increasing its automobile production during the 1950s, but it wasn’t until the 1970s that the industry achieved major sales, particularly in the United States. After the 1973 oil crisis, Japanese cars’ low prices, combined with their fuel efficiency, made them appealing to many consumers.
Japan is also well-known for its consumer electronics industry, which includes televisions, computers, cellphones, digital cameras and MP3 players. The Japanese electronics industry has historically been known for its innovation, introducing products including the Walkman, the VHS recorder and the first mass-produced laptops. In the 21st century, Japan’s consumer electronics industry has increasingly faced competition from other Asian countries, particularly South Korea, China and Taiwan, leading to declining sales and the merging of many companies.
Japan is also a major producer of video games and gaming consoles. Industry leaders Sony and Nintendo are both based in Japan, and the country dominated the market from the 1980s to the 2000s. As of 2014, Japan’s influence has waned due to increasing competition from Western developers, but the country is still a major manufacturer of video games.