The global economy is facing significant shifts, according to the 2018 White Paper on International Economy and Trade released recently by the Ministry of Economy, Trade and Industry (METI). These shifts include movements against the free trade system under the WTO, advancement of digital transformation including expanding digital trade, and the rise of China and other emerging and developing economies. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
Almost two million jobs have been created since Prime Minister Shinzo Abe took office in 2012. This is good news for employees, but companies are having difficulties finding the people they need. “With 1.5 jobs per seeker, Japan is now facing the most extreme labor market since 1974,” said Hays Japan Managing Director Marc Burrage while presenting the recruitment specialist’s […]
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 […]
Small and Medium Enterprises form the backbone of Japan’s economy. They employ the majority of people and account for a large share of the country’s economic power. Yet as the aging population of business owners increases, hundreds of thousands of SMEs in Japan are about to face the time when they must hand over their businesses to the next generation. […]
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 […]
By Ramesh Nadarajah, Vice President Industrial Services Asia-Pacific at TÜV Rheinland Asia-Pacific Renewable energy is one of the most important factors in the transformation of Japan’s energy mix by 2030. This article provides a closer look into what has happened in the area of wind energy, one of the most promising renewable energy sources, and tries to identify some of […]
By Frank Piller, General Manager Products at TÜV Rheinland Japan Demand response and virtual power plants (VPP) are expected to play a crucial role in the future, as outlined in METI’s latest Innovative Energy Strategy whitepaper. This article continues our discussion started here. Communication Standards for Demand Response In May 2013, a METI-sponsored workshop established the “Demand Response Interface […]
By Frank Piller, General Manager Products at TÜV Rheinland Japan In recent years, the Japanese government has vigorously promoted energy conservation through various actions, including installing the feed-in tariff system for renewable energy, deregulating electricity and promoting the Smart House concept. For its part, in 2015 the Ministry of Economy, Trade and Industry (METI) has formulated its Long-term Energy […]
Technology transfer from science to industry has not been particularly well developed in Japan traditionally. Yet the country’s level of science is excellent and offers a good source for industry and even foreign companies. Before turning to the latest developments in the Japanese Science and Technology system in my next article, let me today make a detour to the situation […]
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