I think there’s enough time for them to catch up, look how far the Koreans have come in less than ten years
South Korea, Taiwan, and China slayed Japan because they played for keeps and pulled no punches. Japan simply does not have the correct mindset to deliberately (re)conquer and succeed.
If this sounds brutal and/or flippant, allow me to say that I'm saying this as a Japanese-American. I will happily use my blood to shit talk my heritage, because honestly it's a fucking shame and it's even more shameful that Japan can't (read: won't) dig themselves out.
Anyone who is familiar with computing history should know of Japan's practically disasterous fall from grace in nearly everything related to the computer industry. I've also seen that exact cycle of falling play out countless times in their other industries.
I'm sick and tired of Japan continuing to lose and eat dirt, I would be ecstatic to be proven wrong. But Japan just doesn't have the mindset to (re)win customers in the 21st century.