Japan did not have much leverage at the time because it was highly reliant on the United States for its security, and the world at the time was much more polarized than it is now, regardless of the present troubles of this and recent years. Japan's domestic market alone did not provide the economies of scale, and it did not have a market for its exports of major tech aside from the United States, NATO allies in Europe, and to a lesser extent Korea, Southeast Asian, Latin American, and Middle Eastern countries. China was much less a factor to the global economy at the time... [Boy oh boy, how China has so thoroughly transformed itself from since the 70s and 80s...]I agree the huge difference here is that China, contrary to France and Japan, is not a US satellite state.
The sell of Alstom to General Electric was green lighted by Emmanuel Macron, at the time deputy chief of staff for French President. Many in France think that this favor to Americans helped his future political career. He become Economy Minister shortly thereafter.
I don't know the details for Japan, but after Toshiba was attacked by US judges, Japan politicians sided with US against Toshiba and Toshiba even apologized (appalling!) to US....for being screwed by US.
The fact that China is independent and has a strategic autonomy creates a lot of troubles to China (as we can see everyday), but gives also some big benefit to Chinese companies, that know that their government will be with them and not against them.
Strategic autonomy is a big thing and should be defended at any cost. It is like freedom but at state level, instead of at individual level. We in Europe lost it 70 years ago.
BTW regarding startegic autonomy, I am honestly impressed by how much ASML and his government are still resisting US pressure. It is really surprising for me.
Pride is one of the main things that presently makes Japan not ditch its alliance with the United States for neutrality or indeed even a defacto alliance with China... Somehow, there are those in the LDP who still feel that China is inferior and that human resource wise and organizationally Japan is far better than China, even though many or most lament that the reality is no longer the case.
If I were Japan, I'd hint at that if the Americans were to go on and keep on testing me... But presently, the Americans are not antagonizing Japan, because they do not want Japan to turn on the US.