The key factors we should keep in mind in projecting future developments in the Japanese economy are therefore the progress in the structural adjustment of industries, that is, the emergence of new products or industries that will promote future economic growth. A careful look at individual industries reveals some positive signs.
In production, for example, an increasing number of firms and industries are shifting to goods with international competitiveness. More specifically, the production of producer goods and capital goods that are capital-intensive and technology-intensive has been increasing while the production of labor-intensive consumer goods has been declining. These changes are also reflected in imports and exports of goods.