Our economy has been burdened with a set of various problems that have long existed in Japan. The high effective corporate tax rate, among others, has been cited as a factor putting Japanese companies at a disadvantage in competing with their overseas rivals. Forthcoming changes in the nation's energy policy and other challenges will bring about a harsher business environment going forward. Against this backdrop, concerns have been raised over the acceleration in the offshoring of operations from Japan to lower cost economies, particularly among manufacturers. As the Japanese economy undergoes structural changes, shifting weight from the manufacturing sector to the service sector, it is necessary to create new industrial sectors to generate jobs. In this project, we will conduct basic research to explore new industrial policy by taking theoretical and empirical approaches, based on the observations described above.
August 1, 2013 - July 31, 2015