Japan tries to reclaim its dominance as leader of global tech industry

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Japan tries to reclaim its dominance as leader of global tech industry - Business Standard

Quick Summary:

The centerpiece of Japan’s new industrial push is taking shape at a year-old construction site on Hokkaido, its northernmost island.

But even as Tokyo is pursuing less inward-looking policies, the political storm over a Japanese-led acquisition of US Steel illustrates how the US is increasingly moving to protect other key industries from foreign influence.

A primary reason for Japan’s years of stagnation, the new planning committee concluded, was the government’s excessive anti-regulatory, hands-off approach to the economy.