Japan is the West's go-to example for an example of long-term stagnation in an industrialized nation, but the facts don't back that up, writes Eamonn Fingleton. Japan is a leader in early adoption and infrastructure, and "Japanese manufacturers have graduated to making so-called producers' goods. These typically consist of advanced components or materials, or precision production equipment. They may be invisible to the consumer, yet without them the modern world literally would not exist," Fingleton writes.

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