I’ve read this happened because sometime in the 80s comrade Reagan decided to own the Japanese instead of letting competition do its work (for cars, but with electronics similar things followed). He’s somehow often associated with liberal capitalism and so on, but the guy believed that “monopolies are efficient”, but at the same time by some magic if a monopoly stops being efficient, then all the capital and technology base for competition to replace it will just materialize in one place in one moment all by themselves. So I’m not even sure if “comrade” is irony. The ironic part is that the US president whose term coincided with Soviet system conclusively losing the Cold War is also the one who supported state capitalism and ideologic pressure in society.