The Japanese/American Tech Deficit
Why do the Japanese get all the coolest gadgets, while the U.S. is left with the second-tier, less-innovative ones? The San Francisco Chronicle delves into this age-old mystery and provides a few explanations for those of us who don't live near Akihabara.
Then again, everything is cooler... in Japan!!!
--Chag
There are just a huge number of misconceptions about the Japanese flying around here. Some of it's understandable, but I'm gonna try to counter what I can.
The Japanese, especially the young ones, have huge disposable incomes, as a result of a culture where it's normal to share a tiny apartment in the city with other families. Because of this, they tend not to invest of their incomes in more permanent things, like houses.
Home ownership in Japan is only about 6% lower than it is in the United States. It's a fallacy that they all live in tiny little apartments - or that they all rent those apartments. Many city apartments are owned, not rented, and there are plenty of less urbanized areas just as there are here, with single-family homes. According to UN statistics, the ratio of urban to rural living is virtually the same in the US and Japan.
(I actually think people forget just how urban the United States is in discussions like this as much as they fail to realize how rural or suburban much of Japan is.)
In fact, the overall savings rate in Japan is much higher than it is in the United States (though the rate has been falling over time in both countries). So this idea that they just spend all of their disposable income on gadgets is wrong. They actually spend less money on gadgets than we do.