Editorial

EU Data Protection GDPR bits and bytes

GDPR: A Curse or a New Milestone in Data Protection Regulation?

Data has become a valuable resource and currency over the past years. Methods of data processing, profiling and automated decision making are improving constantly, enhancing business processes and customer relations. From the perspective of the EU, it was just about time to update the old 1995 Data Protection Directive to protect its citizens against data and privacy breaches. Adopting the […]

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Ministry of Economy, Trade and Industry (METI)

Path to Power: New METI Report on Corporate Law and International Competitiveness

The Ministry of Economy, Trade and Industry (METI) said it has released a report on Corporate Law and International Competitiveness, covering ideal approaches to legal functions in Japanese companies. It is the result of work by the Study Group for Development of Ideal Approaches to Legal Functions in Japanese Companies for Enhancement of International Competitiveness, which aims at discussing policy […]

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JAXA Tanegashima Space Center

JAXA and JAMA Work Together on AI Systems for Self-Driving Cars

The Japan Aerospace Exploration Agency (JAXA) said that it started collaboration with the Japan Automobile Manufacturers Association (JAMA) on quality assurance of AI platforms designed to drive autonomous automobiles. In working with Japan’s car industry, JAXA aims to obtain the knowledge necessary to develop safe AI software onboard spacecraft. Through developing spacecraft and other pursuits, JAXA has acquired and built […]

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Global digital business

EU-Japan Trade Deal Lacks Digital Ambition

When the EU signed a free trade agreement with South Korea in 2010, it guaranteed protection against liability for Internet platforms – a key ingredient to maintaining Internet freedom. When the EU signed a free trade agreement with Japan last year, the guarantee against liability for Internet platforms was missing. Guarantees also were gone on the freedom of data flows […]

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Society 5.0 Japan

How Society 5.0 Will Change Japan

The Japanese vision of Society 5.0 promotes the Super Smart Society, in which Information Technology and Artificial Intelligence will change a plethora of things. Much that is now performed by humans will then be carried out by computers. Sweeping changes in business and production will make jobs obsolete and create new ones at the same time. Society 5.0 will change […]

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Japan Bitcoin Innovation

Japanese Regulation Paves the Way for Bitcoin Innovation

Japan has undoubtedly become one of the world’s leading bitcoin hubs in recent years. Through a combination of popular interest, major exchanges and regulation, the country has not only established itself as a cryptocurrency authority, but it has started to lead the way in terms of innovation. Indeed, since the Financial Services Agency gave its seal of approval to bitcoin […]

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Hays Salary Guide 2018 Marc Burrage

Money Motivates in Japan, Too – Hays Salary Guide 2018

People working in Japan are not happy with their pay, and they are increasingly motivated by money. These are the key findings of the recently published 2018 Hays Asia Salary Guide, which underscore the major shift away from lifetime employment and seniority-based pay that is happening in Japan right now. Indeed, “less than 10 percent of workers aged 40-45 have […]

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Japan Monozukuri Manufacturing

Record Profits at Japanese Manufacturers, Wholesalers – METI Survey

Japan’s Ministry of Economy, Trade and Industry (METI) has released results of its 2017 Basic Survey of Japanese Business Structure and Activities. The report surveyed 28,550 companies with the goal to shed light on how management strategies of Japanese enterprises and industrial structures evolve. Sales and profit conditions Sales per company decreased by 2.9 percent year-on-year to 3.04 billion yen […]

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World Robot Summit 2018

Japan Launches World Robot Summit, Competition Prize Money to Top 100M Yen

The Japanese government underlines the country’s strength in robotics by launching the World Robot Summit 2018 in October this year. The event will bring together the world’s most advanced robots and robotic technologies along with researchers and developers of robots and key government and private industry players. Hosted by the Ministry of Economy, Trade and Industry (METI) and the New […]

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Rakuten Walmart Press Conference

Rakuten and Walmart Form Strategic Alliance

Rakuten and Walmart are joining forces to launch an online grocery delivery service in Japan and a new eBooks and audiobooks offering in the U.S. The new strategic alliance looks to use each company’s strengths and assets to make sure that customers are served better. The new online grocery delivery service in Japan is slated for launch at the beginning […]

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Japanese companies engineer

Japanese Companies Upbeat on SW Asia, Mood Recovers on China – JETRO

Japanese companies see improved business confidence in Asia and Oceania in 2017, according to a recent survey by the Japan External Trade Organization (JETRO). While being particularly upbeat on opportunities in Southwest Asia, motivation to expand business in China has recovered as well. Increasing profitability With 67.4 percent of respondents estimating an operational profit – an increase by 4.6 percent […]

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Tourist spending in Japan

Tourist Spending in Japan Snowballs to More Than 4 Trillion Yen in 2017

Tourist spending in Japan topped a record-breaking 4.4 trillion yen ($39.7 billion) in 2017, according to a recent survey by the Japan Tourism Agency (JTA). An increase of 17.8 percent from the previous year, this marked the first time that travel expenditures exceeded 4 billion yen and the fifth record year in a row. By country and region, spending of […]

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Tokyo Station Marunouchi Side

Japanese Overseas Subsidiaries Increase Sales for 6th Quarter in a Row

Total sales of Japanese overseas subsidiaries have improved 8.6 percent from the previous year for July to September 2017, according to a recent survey published by the Ministry of Economy, Trade and Industry (METI). This marks the sixth consecutive quarter of increasing sales. Sales by Region Sales in Asia, the region with the highest ratio of overseas subsidiaries at 50.7 […]

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Japanese Automotive Industry - Honda

Japan Decides on Basic Hydrogen Strategy

The Japanese Ministry of Economy, Trade and Industry (METI) has recently decided on a Basic Hydrogen Strategy to build a world-leading hydrogen-based society. The strategy outlines future visions that Japan should achieve with an eye on 2050, and serves as an action plan to accomplish these visions by 2030. As part of the strategy, Japan aims to reduce hydrogen costs […]

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