Can the Japanese economy survive without manufacturing? 

This is an interesting topic; depending on what we are, the answers may well vary, and they all make sense, but in my view, the Japanese economy can’t survive, at least not thrive, without manufacturing. Now let me explain the details.     

First, Japanese manufacturing still has many advantages: first, companies still hold countless valuable intellectual property and technologies. Second, they have excellent human resources, and some corporate researchers have even won Nobel Prizes for their achievements. They have all contributed to boosting Japan’s global competitiveness, and they will continue to do so in the future.     

Next, I understand some may argue that only 20% of the GDP comes from the manufacturing sector. However, this number demonstrates the success of Japanese manufacturing in globalization. In addition, the service and manufacturing industries are closely intertwined and impossible to separate. For example, Sony is involved in both equipment production and cóntent management, resulting in a synergy effect.           

Therefore, even though manufacturing output appears to be declining, it is still vital for Japan. So, we need to make more efforts to boost it. Thank you for your attention. [184 Words Type-N]