The Rising Sun?

In today's economic world we hear all kinds of predictions about the future. We see our industrial might being transferred to other countries in order for companies to make more money. It seems that the high pay U.S. workers are accustom could even be unsustainable. To look local, just go up the river and see how many plants are making as much money as they have in the past.
With our country facing such changes it seems that Japan is not the same way. Their export industries are making money. The Article "Sun still Rising- Japanese Invincible Might" argues that Japan has purposely kept their growth quite. It even argues that Japan has a "monopolistic leadership in more and more area of advanced manufacturing". Japan also has industrial wages that are 20 to 30 per cent higher that the U.S. Japan has found a way to flourish in this modern World Trade environment.
My question is what can the U.S. learn from Japan? Should the U.S. worry more about Japan or China and why?