In the old days, at least in Hong Kong, you were stuck if you intended to boycott Made in Japan as they dominated. Today, apart from Cameras, and perhaps some car niches, you can get away by not buying Japanese. White Goods makers like Haier does not necessarily lose to Japanese makers. Chinese can buy Samsung or Korean, and Japanese flatscreens are not really the leading brands (Chinese brands like TCL, Haier, Hisense do have a market). Lenovo enjoys a stellar repuation amongst the mass market in China (number 1 best seller in Hong Kong). And Japanese cars do not dominate in China as most cars on the road are joint ventures by VW and GM (Chinese cars do quite well in second tier cities like Xian). In terms of smart phones, there is no contest as few Japnese brands do well, as they are squeezed out of the high end by Apple and Samsung and the low ends by Chinese brands.

China's domestic industrial capacity is way more capable when compared to Korea in the 90s. A friend of mine, who is a great fan of Japan, even admits this country has no future (Japan). Even in Germany, Hyundai is selling cars, so their cars aren't too bad.