• Industry: Technology, Media, Telecommunications
  • Type: Survey report
  • Date: 9/4/2012

Japan’s technology new growth strategy 

Japan plans to increase innovation through supporting business start-ups and ventures, developing pioneering technologies, and encouraging technological progress in manufacturing companies.

Just before the great East Japan earthquake, the government undertook an industrial revitalization policy, designating 21 national strategic projects as part of its new growth strategy. Promoting investment in R&D is one of seven priorities in the science and technology growth strategy.

Tax laws are also being reformed to stimulate new investment, with tax reductions for certified companies, incentives for small business, and location subsidies for headquarters and R&D centers. A new government promotion bill aims to turn Japan into an Asian business center.

“Japan continues to maintain its position as one of the top locations for tech innovation, with a new focus on ’green’ and ’smart’ technologies. Efforts are under way to attract foreign companies and capital to Japan, to foster innovation and high-value-added technologies. Tax is one of the key incentives for promoting Japan as an R&D Center.”

- Yoko Hatta, Asia Pacific region Head of Technology and Global, Transfer Pricing Services Partner, KPMG in Japan


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