You used such strong sarcastic tone as if that statement is so ridiculous, but the truth has been that the Japanese tech industry is in the process of being MURDURED by everyone, from the Americans to the Koreans and to the Chinese.

Sure Nintendo has been able to protect their moat relatively well (after losing their home console castle), but just like the overall Japanese economy, their traditional culture is really limiting how they can compete in today's cutting edge tech markets.