Industry Trends

Industrial Trends in Japan

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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Otemachi Tokyo

Japanese Government Earmarks 46B Yen in Subsidies for SMEs

The Japanese Cabinet is setting aside 46 billion yen ($416 million) in planned subsidies for SMEs, small enterprises or other entities in fiscal 2017, according to the Ministry of Economy, Trade and Industry (METI). The subsidies are part of the government’s Small Business Innovation Research (SBIR) program and geared toward business activities based on R&D results. Subsidies for SMEs The […]

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EU-Japan Summit July 7

A Trade Deal for the 21st Century

On the eve of the G20 summit in Hamburg, the European Union and Japan reached a political understanding about a new comprehensive free trade agreement. During the EU-Japan Summit, Shinzo Abe, Japan’s prime minister, hailed the agreement as “the birth of the world’s largest, free, industrialized economic zone.” EU officials proclaimed it “the most important bilateral trade agreement ever concluded […]

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Tokyo International Forum

Japanese Overseas Subsidiaries Increase Sales for 4th Quarter in a Row

Total sales of Japanese overseas subsidiaries have increased 7.9 percent from January to March 2017, according to a recent survey published by the Ministry of Economy, Trade and Industry (METI). This marks the fourth consecutive quarter of increasing sales. Sales by Region Sales in Asia grew 8.8 percent during the quarter, also showing growth for the fourth quarter in a […]

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India Tech Startups

Japanese Firms Invest in Tech-Startups

Japanese investors are now setting their eyes on developing countries, particularly India, for fledgling tech startups that have potential for growth. Currently, India’s economy is the seventh largest in the world measured by nominal GDP, and the third largest by purchasing power parity. Asuka Corporation, REAPRA Ventures, GREE Ventures, Mistletoe Capital, and Incubate Fund are just some of the Japan-based […]

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