In contrast, since 2002, various industries have taken the lead in production and have been successively replaced. For example, when the production of IT-related goods decreased, production in materials industries increased. I can point out two contributing factors, closely related to globalization. First, on the demand side, the engine of world growth has been diversified.
High economic growth continued in countries such as China, India, Russia, and some in the Middle East, and Japan's exports to these countries increased considerably. As a result, the variety of goods exported, previously confined mainly to IT-related and durable consumer goods, broadened to include goods such as construction machinery and materials.