My belief is that the late 1970s and early 80s was the peak or plateauing for analog technology and for stereo, which was pushed aside by the TV sound systems. At least two analog engineers agree with me on this.
The late 70s early 80s stereo gear was designed to compete in an ultra competitive market with all of the big electronics companies giving it their best shot to capture market share and profits. Since the big boys were in, their purchasing power, assembly plants, and shared engineering resources helped to keep down the cost of the equipment.
The US dollar at this time was $35 an oz to gold, today it is what $1600 oz, so the US purchasing power was 45x in inflated numbers and compared to the Yen was probably 10x stronger at the time. A lot of the totl Japanese stuff was all hand assembled and hand soldered and designed by a totl audio engineer who was probably earning $20K a year in today money.
In a way, the TOTL audio products of this era, were heavily subsidized by the medium and low end stereo purchasers who paid much of the overhead costs for the manufactures and retailers. The totl were the statement products and the pride and joy of the company and our good luck today.
When the Yen was strong 20 years ago, in addition to buying a lot of over-priced real estate, they sucked probably a couple of hundred million dollars worth of speakers and audio gear off of the US used market and back to Japan.