More recently:
The Japanese team builds a new canoe plant in Kentucky and decide to change their status to an American team. The real American team has gotten their act together, and though they aren't practiced, they now have 8 rowers rowing in the same direction and one person steering. After years of losses, they can only afford to use the old equipment but with some updates to try and be competitive.
The Japanese team, with their new, costly, high tech canoe and paddles take off in the lead. One quarter of the way into the race, the Japanese team's paddles start snapping. Their team captain denies the snapping, at first ignoring the complains of the rowers, then suddenly and silently replaces all the paddles on the on the canoe. Meanwhile the actual American team, with their older and cheaper but proven and reliable oars, has caught up to the Japanese.
With their new paddles, the Japanese team takes off again racing towards the finish line when suddenly their canoe springs a leak and river sludge starts seeping up into their canoe. This slows the team down greatly, but again the team captain denies the problem. Then, looking at his 79 cent timex watch, the Japanese captain notices the Americans consistently and steadily gaining again. The captain quickly patches the leak and bails out the canoe.
By this point the Americans have completely caught up to the Japanese. Both teams cross the finish line so close as to require a photo finish. In the end, the Japanese team won but only by a hair.
From the stands the sports reporters print a glorious victory for the Japanese and the crushing defeat of the Americans. In their articles they cite the wonders of Japanese advanced technology* and lambaste the Americans for using outdated equipment. No mention is made in the articles about the paddle snapping or river sludging incidents.
Japanese canoe sales soar.
American canoes end up at Willy's Ride a Rapid canoe rental shop.
*Not counting 79 cent timex.