Japan's digital deficit hits record 6.5 trillion yen as U.S. tech reigns

Japan's digital trade deficit hit a record high of 6.46 trillion yen ($43 billion) in 2024, reflecting the dominance of services provided by U.S. technology giants, recent government data showed.The size of Japan's IT deficit has more than tripled in the past decade from 2.02 trillion yen in 2014, according to preliminary data released by the Finance Ministry earlier this month.The ballooning imbalance can be attributed to Japanese companies being increasingly reliant on digital technologies provided by U.S. tech giants like Amazon.com Inc., Microsoft Corp. and Google LLC to improve efficie…READ FULL ARTICLE