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A comment on What happened to the US machine tool industry?. Parent comment

Re:What happened to the US machine tool industry? by missedthecue on Thursday January 18, 2024 @03:12PM (#39046986)
This is as empty as saying trade unions caused it. Does Japan not have MBAs? It's all about comparative advantage.
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Re:What happened to the US machine tool industry? by bluGill on Thursday January 18, 2024 @03:45PM (#39047448)
Apparently Japan's MBAs can manage for longer term. At least in this one industry.
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Re:What happened to the US machine tool industry? by badpun on Thursday January 18, 2024 @03:46PM (#39047456)
From what I've heard, Japan has very different corporate culture, more focused on loyalty and social stability, than on maximizing profit. They can even keep unprofitable divisions of the company, because they don't want to fire people who work in them.

Would be nice if someone with first-hand knowledge of Japanese corporate world could confirm/deny it.

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