I think some of it comes down to "shareholder's value". 15 or 20 years ago, many stock market investors didn't care much about it. If certian product sells well being said to be good long-term quality, then it means it must be a good company with future. So those manufacturers competed for the reputation based on that quality. Now the time has changed and the "disclosure" is getting more and more transparent and investors has become possessed with financial numbers based on such "transparency" , often only annual or quarterly basis. Yes, management's pay is also often linked to that very short-sighted stock price up/down.
Btw, Fatparrot, one thing to remember. "Jap" is a BAD word with historically racial and discriminatory implication. You have to be careful NOT use in public whatever your intention is. Therefore, three-letters abbrebiation for Japan is JPN.
Now, talking about the Japanese stuff. Based on the theory above (very general description and there is always exception, needless to say), recent acquisition of Marantz, Denon, and McIntosh by a large US equity fund implies the same path. For those who are not familiar with Private Equity Investment Fund, the fund managers buy out a company or companies with potential but bad management, and try to MAXIMIZE the value in order to sell the stock again to someone else or the public in a few to several years. These guys are, by definition, NOT interested in the longer term business. The fund managers replace the companies' management, often times from its own management firm, and watch the operation day-to-day, let alone squeeze every single penny from anywhere in the chain. In this instance, by combining these three low-mid-high end audio equipment manufacturers, the fund manager will further streamline the operation for sure. I don't know the fund's plan on this "investment" in detail or if it is good or bad for those brands, but certainly there may be a quality issue at hand in the near future. I really hope that high-end audio is immune to this capitalism, but wherever people spend bucks, there comes the capitalist. It's just another sad truth of the "freedom" we enjoy and advocate. I guess we should buy high-end from small manufacturers whose motivation to keep going is pure "hobbiest" mentality? Sorry if I got too carried away.
Just my two cents or less. Ken