Does this create American Jobs?
Anyone who knows Japan knows that the Japanese are extremely, often seemingly irrationally, cautious and risk averse.
Any number of social and economic phenomena can be pointed to as evidence of this fact. World leading rates of buying and holding all manner of personal insurance policies would be just one example. For corporations, exceptionally—and, for sellers, unnervingly and expensively—long and pain-staking procurement or new project due diligence procedures, resulting, as often as not, in no decision, other than to require further study, would be another.
The Japanese’ risk-aversion is part and parcel with the equally rare and entirely admirable personal and professional responsibility to try to avoid mistakes that might cause loss or inconvenience to others—and particularly the companies and institutions that employ them–felt by almost everyone in Japanese society.
Read the rest of the story: The Nikkei to Japan’s Manufacturers: To Survive, Invest Abroad.