Attractive Sectors

In-depth survey of three key Japanese sectors: Renewable Energy/Secondary Battery, Life Sciences, and ICT. Detailed overview of each sector, including competitive advantages, target areas and government policy activity in these important growth areas.


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Renewable Energy/Secondary Battery

As a measure against global warming, various actions have been taken to promote renewable energy on a global scale. Since the Tohoku earthquake and tsunami occurred on March 11, 2011, energy issues have become more and more prominent in Japan because of earthquake-stricken thermal power plants and unprecedentedly large-scale and long-term damage to the nuclear power plant of Tokyo Electric Power in Fukushima. In order to solve those issues, renewable energy is drawing further attention in Japan. (November 2013)


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Life Sciences

Japan is the second-largest market in the world after the United States, occupying about 10% of the market in each of the global drug and medical device markets. Many foreign-affiliated companies have entered the Japanese market and are now active as major players now in various fields. (November 2013)


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ICT

The market size (real GDP) of Japan's information and communications (ICT) industry in 2010 was 98.8 trillion yen. The ICT industry accounted for 10.7% of 922.7 trillion yen for the total of all industries, representing the largest. The ICT industry also displayed a steady increase in growth rate. The average annual growth rate between 1995 and 2010 was 3.0%, higher than the 0.3% for all industries. Even when compared with other industries—2.8% for the electrical machinery industry and 1.4% for the transport machinery industry—the ICT industry showed the highest growth rate of all industries. (November 2013)


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