Abe believes Japan can learn from Nintendo in regards to growth.
Yes, you read that headline correctly. When asked about his growth strategy for Japan, Mr. Abe stated that the country can learn from Nintendo.
His exact words were, “Well, for example, there’s a company called Nintendo. Over there, they 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.”
He continued, stating, “So Nintendo used technical expertise to lead the way in developing home video game consoles. And at the same time, it is keeping the traditional hanafuda cards. For sure, I think this is something that we can learn from.”
Do you believe he’s correct? And what about the timing of comparing to Nintendo, considering the company’s financial issues?