Why Japan feels poor after its consumer electronics industry collapsed

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When I traveled to Japan and stayed at a hotel in Shinjuku, Tokyo, it was a recently remodeled hotel, but
all the appliances were Chinese brands like Haier or Hisense.
These were products you wouldn't even see in Korea.
Since this was a relatively famous hotel chain in Japan, I can only imagine what other places are like.
In Osaka, I stayed at a hotel that wasn't exactly luxury, but it was a decent-sized 4-star hotel.
The appliances were Sony and Toshiba, but they looked like they were 20 to 30 years old.
In Korea, even if you go to a cheap motel, everything is either LG or Samsung. If a hotel or motel
filled itself with Chinese products like they do in Japan, they would go out of business due to bad reviews and word-of-mouth.
They say that although they are called "Japanese electronics," most have been sold to China, and Chinese products now hold over 50% of the market share.
In the past, when you thought of TVs or home appliances, you thought of Japan; when you thought of electronics, you thought of Japan. How did Japan end up like this....
• Brand divestiture and business downsizing: Companies like Toshiba (white goods division sold to Midea), Sanyo (acquired by Haier), and Sharp—many of Japan's representative companies—have sold their home appliance divisions to China or other firms, or have scaled them down.
• Shift toward B2B models: Surviving companies such as Sony (image sensors/entertainment), Panasonic (automotive components/batteries), and Hitachi (social infrastructure) have largely pivoted their business structures from consumer electronics to B2B and components/materials sectors.
• Even in the Japanese TV market, Chinese brands like Hisense (No. 1) and TCL have significantly increased their market share, reversing the past status quo as Chinese appliances now exceed 50% market share.