Business Intelligence

Japan's Manufacturing Competitiveness Strategy : Challenges For Japan, Opportunities For The United States

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Executive Summary

After a 10-year period of economic stagnation, Japan is pursuing various tracks to promote the expansion of its economy and its manufacturing sector in particular. Japan is engaged in a cohesive "Innovation program" at all levels: academia, government, and industry. There is a widespread belief in all sectors of Japan's economy that innovation will be the linchpin for improving productivity and for sustaining strong economic growth and global competitiveness. Innovation is viewed not only as technological invention, but also as a broad social transformation that enables ideas and discoveries with the creation of new social systems and values.

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