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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PMD Act Japan

Planning to Enter the Medical Device Field in Japan? Get Familiar With the PMD Act

By Frank Piller, General Manager Products at TÜV Rheinland Japan   After basic regulations for pharmaceuticals and medical devices had remained unchanged for a long time in Japan, the country enacted the Pharmaceutical and Medical Device Act or PMD Act in November 2014. Officially called “The Act on Securing the Quality, Efficacy and Safety of Pharmaceuticals, Medical Devices, Regenerative and […]

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Meetings in Japan

JETRO Publishes New Invest Japan Report, Says Foreign Tech Contributes to Innovation

Japan sees significant increases in inward foreign direct investment, or FDI, according to the “Invest Japan Report 2017” just published by the Japan External Trade Organization (JETRO). In a new trend, the report finds foreign technology contributing to innovation in Japanese society. Significant increase in Japan’s inward FDI Japan’s inward FDI stock at the end of 2016 was 27.8 trillion […]

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ABB and Kawasaki announce cobot collaboration

Setting Sights on Bright Cobot Future, Robot Leaders Join Forces

Collaborative robots can be the next big thing – and robot market leaders ABB and Kawasaki Heavy Industries are moving quickly to make that happen. Just a few days back, the two heavyweights announced in Tokyo a formal cooperation. Shortly after, also in Tokyo, ABB launched its latest YuMi collaborative robot at iRex International Robot Exhibition 2017. Also known as […]

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