Japan was once miles ahead in terms of technological development. We were all fascinated by its modern and futuristic cities, its automobiles and electrical gadgetries. In the 80s, people were predicting that Japan will overtake the United States to become the largest economy despite having less than half its population. However, in the 90s things took a turn for the worst as Japan's property and stock market bubble burst. Ever since then, its rivals the U.S., Korea, Germany and even Taiwan are outcompeting in industry where it was once a market leader. For example, Korea made advances in robotics, TVs and ... (full story)