SoftBank's Son 'embarrassed' by track record as Asia rivals zoom by
Nikkei -- Oct 08
Hardly a day goes by without news of SoftBank Group Chairman and CEO Masayoshi Son. The global technology investor is convinced that the future belongs to artificial intelligence, but he is also dissatisfied with his performance today and what he sees as a lack of drive in the Japanese business world.

In a 90-minute interview with Nikkei Business magazine, Son spoke with passion about his dreams and regrets.

Q: You have been looking at many companies abroad. What do you think of Japan's business environment today?

A: It's extremely dire. The biggest problem is that entrepreneurial spirit is fading compared with the days before and after World War II, or at the end of the Edo period. Some say that it's OK if Japan settles for a small but beautiful country. I say that businesses are doomed once we begin to think like that. A balanced contraction is still just a contraction. Which would be fine if things could stay contained within Japan, like during the isolationism of the Edo period.

Meanwhile, the world is changing rapidly. The U.S.'s technological evolution marches on, China is now a giant, and Southeast Asia is expanding quickly. But young businessmen here in Japan are no longer interested in venturing overseas. The number of students studying abroad has also plunged. Japan's businessmen have become herbivores, and they lack vitality. I think education and ideology play a significant role in this.

Until the 1980s and the '90s, Japan was a global leader in electronics. It has since lost all of that momentum, and the number of fields where Japan leads the world has shrank. There's just a handful left, in parts and autos. It is as if Japan has completely faded away as a technological leader.

At the same time, China was once considered a producer of cheap knockoffs of Western and Japanese items. But now it is one of the world's top players in terms of technology and has far surpassed Japan. I think this is a huge problem in terms of Japan losing its competitiveness.

Japan also used to be the top player in semiconductors but has since completely lost that position. In that sense, Japan's economy has seen zero growth, especially in the last 30 years, which is an extremely bad place to be. Aiming for a small peace in a small village is fine, but then you get left behind by the rest of the world. I feel that Japan could end up as an island nation completely forgotten by the world.

News source: Nikkei
Dec 06
In a country where customer service is a point of pride, Amazon Japan is challenging the status quo by daring to leave packages at the door. (Nikkei)
Dec 06
Nissan Motor Co. is making its U.S. factory and office employees take two days off without pay amid slumping sales. (Japan Times)
Dec 06
Dentsu Inc said Thursday it has again received a warning from labor authorities over its illegal overtime practices. (Japan Today)
Dec 03
Kyoto is one of Japan's best-known tourist destinations and offers a number of choices for luxury accommodations. (Nikkei)
Nov 29
Japanese electronics manufacturer Panasonic Corp is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company. (Japan Today)
Nov 29
Real estate experts say that the three most important things are location, location, and location, and that holds true for advertising too. (
Nov 28
Executives at firms around the world increasingly see Japan as a lucrative place to do business. Investment in the country in 2018 has set a new record for a fifth year. (NHK)
Nov 27
China, South Korea and Japan will hold a new round of negotiations on the trilateral free trade agreement (FTA) this week in Seoul, the South Korean Ministry of Trade, Industry and Energy said Tuesday. (Xinhua)
Nov 27
Top Japanese mobile carrier NTT Docomo will offer customers a free year of Amazon Prime as telecom and tech companies form alliances ahead of next spring's rollout of ultrafast 5G wireless service. (Nikkei)
Nov 27
Japanese materials maker Showa Denko has moved to spend roughly 900 billion yen ($8.26 billion), or double its market value, to purchase domestic rival Hitachi Chemical, demonstrating its resolve to remain relevant in today's global industry. (Nikkei)