Why is software so special?
I would argue that the kind of risk aversion that holds back software companies is just as evident in most of Europe as it is in Japan. It is also the norm in a bunch of American companies in the tech industry, especially the older ones. And China, which is also often brought up as a society where individuality is not valued in business (due to "Confucianism" and similar tropes), is not held back by similar risk aversion and has a massive software industry that can compete internationally.