Empowering Japan's Innovation Journey

The business environment in Japan is changing remarkably, with the help of both, conventional and new approaches. Long associated with manufacturing and technological facilities, Japan is now in a context characterized by changing global economy, demographics and technology. The decline in the working population coupled with aging demographics puts pressure on Japan to change. This has promoted automation and artificial intelligence, hence changing sectors such as manufacturing and services. Technology, operational efficiency, environment, and sustainable development are now the priorities of the Japanese business. In addition, the country’s efforts to transform into a green innovation powerhouse through the use of renewable power sources for electrical production are revolutionizing its industrial plans and spending patterns.

The current transformation is being led by Indian business leaders. It is worthy of note that their presence is prevalent in a few areas. For example, the various Indian multinationals have increased their presence in Japan for information technology, pharmaceuticals as well as automobile components. The Indian leaders are using their knowledge in technology and innovation to establish new partnerships and to advance digitalization. In addition, there are Indian executives who help to facilitate cross cultural relationships. As a result of reducing the communication and cultural gap between Japanese and Indian business environments, they improve both the actual cooperation. It is much more than mere contractual relations for they play a part in the formation of partnerships and creating a proper climate for creativity.

It is with the view of staying updated with the emerging trends in this business landscape that Asia Business Outlook has come up with a special issue containing stories of leaders who have demonstrated their capability through their expertise. To strengthen this business landscape with their tightly-knit and result-oriented approach, they are setting new standards of effectiveness.

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