Giants in Distress

"In a damning sign of the times, Fujitsu’s bosses recently called upon the firm’s 100,000 employees in Japan to buy its goods. This week shares in Hitachi and NEC fell to their lowest levels for three decades. All this seems to have prodded the giants into action: all have announced job cuts and factory closures of extraordinary brutality by Japanese standards." - The Economist

In the latest edition of The Economist, an article sheds light of the magnitude of the woes of the Japan's electronic firms that are going through one of their worst times ever. Once the rising stars of innovation and technology are now "too big" to deal with an ailing Japanese economy that no monetary policy actions are bringing it back to its feet. The companies are looking at abandoning the law of the samurai and are starting to surrender, the first being Sanyo Electric, which got bought over by Panasonic.

Has the pre-longed Japanese economic slowdown brought the sun to set in what was called "the land of the rising sun"?