The chief example are mobile phones, the poster child of Galapagos Syndrome[1]. Once Japan figured out mobile phones they stopped moving. They kept reiterating and ended up with the craziest mobile phones known to man, but they got 1HKO'd in broad daylight by the invention of the smartphone and haven't been relevant since.
Another is the Mitsubishi Regional Jet. With expertise building licensed F-15s and the pride of restarting Japanese domestic aviation manufacturing since the YS-11, they built one of the best regional jets ever and failed to sell a single one because they couldn't figure out how to document how the thing was made and thus the required certifications from the FAA and other authorities.
Both examples are of Japan simply not understanding what a good purpose made tool is, because they don't need to. Why would anyone want a smartphone? Why do we need to explain how this jetliner is made? Of course they realize why once they're crashed in the dirt, but by then it's way too late.
While not immune (eg: the ancient state of US banking), the rest of the world and the United States in particular on the other hand respect good products that shake the markets, people and companies who don't (eg: Boeing and Intel for recent examples) are tarred and feathered for their insolence.