“Digital deficit” has become a buzzword in Japan as the annual balance of payments deficit in digital services has more than doubled over the past five years to about ¥5.5 trillion ($34 billion) and imports of AI processors go through the roof. Amazon, Apple, Facebook, Google and Microsoft dominate the internet-based businesses, while Nvidia and […]
Japan frets over its ‘digital deficit’
Digitalization key to maintaining competitiveness and overcoming the shortage of labor