I always enjoy reading your thoughtful articles. Reading your book at the moment.
I strongly agree there is so much more the government can do to support more entrepreneurial activity in Japan. Question - how do you square this with the incredible startup activity in the restaurant industry in Japan. I don’t have data to support this but anecdotally I’ve met many salarymen who leave their corporate posts to start a little restaurant. Japan is clearly world class in this space. Why not in tech/bio etc? Perhaps the capital required is so much less than a new software business.
My view is - and you make this point in your book - the Japanese clearly have it in them to start new enterprises. Thank you
Great post - thank you - Kishida writ large IE the ossified government institutions as well as the ridged large hurdles for small business to even start - concentrate any “growth “ into larger existing companies. Who in turn offer no incentive to innovate and actually severely dissuade any “out of the box “ thinking - of course you know all this - but wanted to mention as another deeper concern for whatever Scheme the government put in place
Hi Richard
I always enjoy reading your thoughtful articles. Reading your book at the moment.
I strongly agree there is so much more the government can do to support more entrepreneurial activity in Japan. Question - how do you square this with the incredible startup activity in the restaurant industry in Japan. I don’t have data to support this but anecdotally I’ve met many salarymen who leave their corporate posts to start a little restaurant. Japan is clearly world class in this space. Why not in tech/bio etc? Perhaps the capital required is so much less than a new software business.
My view is - and you make this point in your book - the Japanese clearly have it in them to start new enterprises. Thank you
Thank you Richard! I learnt a lot from your articles!!
Richard,
Thanks for the update. The situation is worse than I was lead to believe. Talk about tragic decline!
Please try to define abbreviations when first used (OECD = Organization for Economic Co-operation and Development).
B/r,
William Flanigan, PhD
Great post - thank you - Kishida writ large IE the ossified government institutions as well as the ridged large hurdles for small business to even start - concentrate any “growth “ into larger existing companies. Who in turn offer no incentive to innovate and actually severely dissuade any “out of the box “ thinking - of course you know all this - but wanted to mention as another deeper concern for whatever Scheme the government put in place
Shame of failure not also a factor? Yet Korea does relatively ok.