When people think of Japanese enterprises, they are likely to automatically think of such large corporations as Toyota and National/Panasonic. But 99 percent of all businesses in Japan are actually small and medium-sized enterprises. It is no exaggeration to say that these businesses form the basis of Japan, the economic powerhouse. Although signs of gradual recovery have appeared since the collapse of the "bubble economy," the Japanese economy's future remains uncertain. Here we take a look at the prospects from the viewpoint of recent trends in small and medium businesses.
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