Japanese Prime Minister Shinzo Abe has picked a strange role model upon which to base his cunning plan to save the Land of the Rising Sun’s economy.
In a speech to the Japanese Diet, Abe was asked about his cunning plan to get Japan to start growing again. Things are not going that well in Japan and there are those who would like it to do a little better.
“Over there, Nintendo made hanafuda cards, but gradually the people playing hanafuda decreased. However, that company called Nintendo makes hanafuda cards and whatnot, and I believe that only by doing that, it wasn’t able to protect hanafuda,” Abe said.
He said that Nintendo used technical expertise to lead the way in developing home video game consoles while at the same time keeping the traditional hanafuda cards. He thinks that this is something that the Japanese can learn.
Four years ago, Abe might have had an argument with his Nintendo comparisons. If Abe had time to check Nintendo financial statements, he might have not mentioned the outfit.
While he did make a good point about how Nintendo was able to protect its traditional business and at the same time expand into new areas, he failed to spot that the company, which depended on Italian plumbers is going down the gurgler.
Still, it could have been worse, he could have claimed that Sony was a success story.