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© KYODOTokyo hopes to become innovation hub, challenge Japanese conformism
By Junko Horiuchi TOKYO©2024 GPlusMedia Inc.
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© KYODO
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Ricky Kaminski
Wish them all the best. Exactly what the country needs too. Just imagine. A nation full of thinkers!
Ganbare Japan!
Excellent news! I can’t see why Japan is not already the main hub for foreign start-ups in Asia. Booming economy, Super hi-tech, lightning fast internet, great transport,very educated employees, no crime,welcoming to foreigners and stable government. Leader in Asia.
Opening up Japan to fireign investment is another aim of Abenomics, crafted by PM Abe and Vice PM Aso.
Laguna
Brilliant. Wonder how much the company charged for that unique insight.
macv
Ain't gonna happen. I spent 3+ hours at the Labor Ministry last week discussing this and that all in nihongo, at the end they brought out the Bucho dressed in a suit who read a two page documents about labor laws. I commented that their operation was like a man on a bicycle looking up at everyone else flying in jets, we all laughed but they knew what I said was true.
kurisupisu
Reading the headline, I imagined that ‘Tokyo’ the establishment had suddenly become enlightened but The Venture Cafe seemed to be the only hope.
Unfortunately, Japan is not about free thinking and new ideas and that is why I refuse to invest in any type of business here.....
Pukey2
gambare:
I can think of four.....
Hong Kong, Singapore, Taiwan and South Korea!
https://www.forbes.com/best-countries-for-business/list/#tab:overall
It's been in stagnation for three decades.
Places like Taiwan and South Korea also produce hi-tech stuff nowadays and are giving Japan a run for its money. TVs, cars, computers, smartphones, etc.
And expensive. I doubt whether Japan has an edge over South Korea or Hong Kong.
It was quite expensive in my home country when broadband was first rolled out, but now it's so much cheaper than Japan and just as fast.
And very expensive. Bullet trains and all other forms of transport in Taiwan, South Korea, China and Hong Kong are so much cheaper.
Diplomas from many Japanese universities aren't worth the paper they're written on.
Plus:
https://www.japantimes.co.jp/news/2015/03/29/national/70-of-foreign-students-shun-offers-from-university-of-tokyo-degree-programs-in-english/
Not according to JT here.
And here's an example of the omotenashi hospitality
http://www.debito.org/?p=14954
Not according to the crowds demonstrating outside Nagatachō. Stable governments aren't continually dogged by scandals.
World economy number 2, China, will have something to say about that. See above for more examples and explanations.
You can't invite foreign investment if you hate foreigners.
wtfjapan
never happen, J companies will never invest large amounts of money into entrepreneurs unless they can control how its run and the profits they make.
smithinjapan
A good idea, but my guess is before they can even do it they will have to conform to all sorts of paperwork and licensing procedures, and probably apply for a bunch of absurd credentials to become like a corporation, and in order to do that they'll have to take tests, by the books for it, etc. etc.
Cricky
I'm pretty sure this urge will follow as the last five years of urges amount to absolutely nothing except several government panels and result....old men sucking air through their dentures shacking their heads "it's not the Japonese way" as they collect a huge pay packet for soiling a chair and deciding to do.....nothing.
JeffLee
inheretance tax, for starters. If the foreigners decide to commit themselves to Japan, all their assets abroad become subject to the world's steepest inherentence tax, up to 55 percent...on family homes, family businesses, properties and savings -- even if the assets have nothing to do with Japan.
browny1
Ganbare Japan said -
" Excellent news! I can’t see why Japan is not already the main hub for foreign start-ups in Asia..........."
Didn't you read the article - it addresses that concern.
Ex_Res
Japan would be the last place on earth I would invest. A bureaucratic nightmare.
Besides, why would I want invest in a country that does not really want you there, but wanrs your ideas.
I now regard Japan as Division 2 anyway.
gokai_wo_maneku
Why do people think that Japan is not innovative? Japan is the third largest filer of patent applications in the world, following the US and China. However, only 1/3 of China's applications are granted, 1/2 of the US patents applications are granted, but 2/3 of Japan's patent applications are granted. That is the power of Japanese innovation.
Disillusioned
Correction: Break away from a culture that stresses intimidation and fears instant dismissal.
OneHapa
A lot of negative attitudes and comments, which I fully understand where they're coming from. But would you rather there be no attempts to support entrepreneurship and innovation? The comments imply as much.
This isn't about changing the whole country. It's about establishing one hub to support entrepreneurs and helping to gain some successes. It can then expand from there. A lot of challenges to be sure but I hope this goes well.
sf2k
Digital Nomads are growing in Asia, but don't choose Japan. Live below $600 a month in Thailand and have a posh place. Indonesia etc. People go where they are welcome. Hit enough barriers in Japan and people leave, it's not difficult to understand.
Live by the beach and get paid Western wages in a smaller economy of scale is more attractive.
Until there are actual laws and enforcement actively stopping various discriminations up and down society there's no point. Japan is a nice place to visit but it's too backward socially. Acceptance of human beings has to be normal and not just an idea. More people give up on the country than stay. If you stayed it's because you found a nice spot and that's great, but you know that's not how the rest of society works right?
This hub idea is a great one and I would appreciate it coming true, but I wonder if it isn't meant to do anything but only look like they're doing something? I want to be wrong but we've been down this road before
JeffLee
@zichi
Yes, that's top rate, and anyway many IT entrepreneuers in Silicon Valley, London, etc. have total assets beyond that threshold. The Japanese assess based on total family estate, not just the share one person receives in a will. What's more, the rate is scaled, 10, 20, 30 40 percent depending assessed value, so the tax hits the middle class very hard, harder than in any other country. (although I don't know about North Korea)
Netgrump
@ sf2k
Most 'digital nomads' don't contribute to the development countries where they are parasitising in.
Netgrump
@ stepoutsidethebox
Read something else than comics, try Bloomberg on the J economy.
Obvious you've no knowledge where the stuff mentioned is made or developed.
.....
When you've not that much to spend you can also hike.
Well, Japan didn't become the second, now third economy without skills and the education that belongs to that. I come with a simple example to make it easier for you to comprehend : Think Toyota ..try to imagine what happens there..they have 'machines' there called 'robots' [ with a leading brand called FANUC] developed, maintained by ...
........
'Welcoming few educated foreigners, Hostel, ah you mean hostile, to 98% of all others...?'
A developed country needs educated foreigners as there are already too many dish washers...
Of those 50 years we see one party ruling most of the time...that is stability if you like it or not ...
I sense some anger here, that is not good for a persons health :)
Netgrump
@ pukey2
I can think of four.....
Hong Kong, Singapore, Taiwan and South Korea!
https://www.forbes.com/best-countries-for-business/list/#tab:overall
'Doing business' doesn't mean 'foreign start-ups'only, lots of J firms doing great business in the 4 mentioned...
It's been in stagnation for three decades.
Do some better reading on this, start with Bloomberg, WSJ and the FT
Places like Taiwan and South Korea also produce hi-tech stuff nowadays and are giving Japan a run for its money. TVs, cars, computers, smartphones, etc.
You've no clue where fundamental research takes place, design & product development..
And expensive. I doubt whether Japan has an edge over South Korea or Hong Kong.
It was quite expensive in my home country when broadband was first rolled out, but now it's so much cheaper than Japan and just as fast.
It's 'lightning fast'. So what's your point? Japan could be the first country to roll out 5G..
And very expensive. Bullet trains and all other forms of transport in Taiwan, South Korea, China and Hong Kong are so much cheaper.
Diplomas from many Japanese universities aren't worth the paper they're written on.
Says Pukey2..check the 'lists'.....
Plus:
https://www.japantimes.co.jp/news/2015/03/29/national/70-of-foreign-students-shun-offers-from-university-of-tokyo-degree-programs-in-english/
The reason is mentioned in the article, so what's your point?
Not according to JT here.
Gambare is an enthousiast clown and it's of course 'low crime' and that's what it is.
And here's an example of the omotenashi hospitality
http://www.debito.org/?p=14954
I've seen vids and been reading articles by Debito Aroudo and will not doubt his experiences as a resident, but as a frequent visitor I've mostly felt welcome. Incidents happen in any country.
Not according to the crowds demonstrating outside Nagatachō. Stable governments aren't continually dogged by scandals.
Well, that would make the US administration unstable as well at the moment. It needs more than that.
World economy number 2, China, will have something to say about that. See above for more examples and explanations.
The Chinese and the Koreans know who's top and who's bottom in Asia. China is still a development country so that makes Japan...
You can't invite foreign investment if you hate foreigners.
Again do I sense anger here, not healthy :)
Haruka
Especially air quality in restaurants. It is the only country listed in the article above which praises everything about Japan in an ideal dream state, that still lets smoke get blown in your face in restaurants.
This is a typical psychological father syndrome issue.
Are not small restaurants and shops individual entrepreneurships? This article is so flawed in so many ways.
Nothing special here except satisfying a need of society. One does not have to be a scientist to be successful. You however though, cannot export any product with this successful idea.