Industry Trends

Industrial Trends in Japan

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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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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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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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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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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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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Mount Fuji Shizuoka Industry Zone

Japanese Manufacturers Set up Close to 500 New Sites in First Half – METI

Manufacturing companies in Japan invested in 499 new factory locations between January and June 2017, according to a report by the Ministry of Economy, Trade and Industry (METI). Up 9.4 percent compared to the previous year, this marked the return to a level comparable to that of 2014. The total area covered by new factory locations stood at 569 hectars, […]

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TPP Comes Roaring Back

TPP Comes Roaring Back as 11 Countries Reach Agreement

Trans-Pacific Partnership (TPP) negotiations have made substantial progress when negotiators on Nov. 10 reached agreement for a way forward at the TPP Ministerial Meeting held in Vietnam. This marks an important milestone for building the broader free trade area in the Asia-Pacific region, which experienced a stumble block when U.S. President Trump pulled out of negotiations back im January. Yet […]

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Japan UK Brexit

Brexit: What Will Japanese Companies Do?

After invoking Article 50 on March 29, the United Kingdom is set to leave the European Union by March 2019. Yet with only 18 months to go and after a third failed round of negotiations, it looks increasingly possible that the parties may miss reaching a deal. Such a scenario is problematic for non-European multinationals, many of which steer their […]

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Tokyo Buildings

JETRO Releases Global Trade and Investment Report 2017

Japan’s trade balance last year marked its first surplus in six years, according to the recently released Global Trade and Investment Report 2017 by the Japan External Trade Organization (JETRO). At the same time, the country’s outward FDI stood at record highs, while inward FDI from Asia to Japan continued to grow. Global trade declines 3.1%, downturn for two straight […]

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