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
Shame of failure is highly exaggerated as a factor among would-be entrepreneurs. More important is the real world consequences of failure due to lifetime employment system, personal guarantee system for loans, etc. My forthcoming book discusses this in detail
Looking forward to it, Sir. I personally need it for clarity and other reasons being in the education sector here in Japan. Life in many different ways for a significant percentage of the population is being diluted. It may even be speeding up.
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
Yes, I assumed OECD was known, but a good idea
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
Yes, big concern but there are forces on the other side, a subject for a future blog
Shame of failure not also a factor? Yet Korea does relatively ok.
Shame of failure is highly exaggerated as a factor among would-be entrepreneurs. More important is the real world consequences of failure due to lifetime employment system, personal guarantee system for loans, etc. My forthcoming book discusses this in detail
"My forthcoming book discusses this in detail."
Looking forward to it, Sir. I personally need it for clarity and other reasons being in the education sector here in Japan. Life in many different ways for a significant percentage of the population is being diluted. It may even be speeding up.