Chubu Walkathon
On May 22, more than 1,000 participants took part in the 31st Annual Chubu Walkathon International Charity Festival. This year’s event took place on a beautiful Sunday in Nagoya’s Meijo Park and was also livestreamed. More than ¥7 million was raised to support local charities.
Digitizing Women’s Health
In recent years, Japan has seen a boost in femtech. The portmanteau of female and technology refers to services using tech and products that help improve women’s health. Government support and media coverage have enabled femtech business offerings to move from niche to mainstream. But how soon might the fledgling industry take off as it has in the United States and Europe? The ACCJ Journal spoke with experts to explore prospects for femtech in Japan.
Sushi Singularity
Is this a glimpse of the future of food? Japanese scientists and companies are developing 3D food printers to produce sushi, *wagyu*, and a host of other foods. They say the technology holds great promise for personalizing food to meet nutritional needs, reducing food waste, and even providing something to eat during extended space travel. “I think there’s huge potential. Food itself will probably change,” said Yamagata University’s Hidemitsu Furukawa.
State of Mind
For millions of people around the world who were already struggling with mental health issues, the past two-and-a-half years of the coronavirus pandemic have been a further trial. Isolation, a sudden shortage of opportunities to interact with friends or family in person, additional stresses in the workplace or the home, new financial worries, and difficulty in accessing appropriate mental healthcare have taken their toll, experts in the field told The ACCJ Journal.
Inflation!
A specter is haunting the world economy, the shadowy specter of inflation. Economists are fiercely debating from where it has come, politicians are busy blaming their opponents and, as always, the average citizen is left with no choice but to pay up. Yes, we all know inflation is lurking all around when you now must pay $50 for your $40 haircut that you used to get for $25 when you had hair. Japan stands out as the one economy in the world with a relatively benign inflation shock. Economist Jesper Koll explains why.
Shared Interests and Values
Each year, the American Chamber of Commerce in Japan (ACCJ) honors those who have significantly impacted the global business environment in Japan with the ACCJ Person of the Year award. Former chair, president, and group chief executive officer of Mitsubishi UFJ Financial Group, Inc. (MUFG) Nobuyuki Hirano was selected as the 2021 Person of the Year not only for his work with MUFG, but also for his tireless efforts to promote better US–Japan business ties.
Stay Engaged
One of the greatest attractions of the American Chamber of Commerce in Japan (ACCJ) is our myriad activities and the vibrancy of our members. From networking to advocacy to information exchange, the ACCJ is not only the voice of global business in Japan, but a dynamic, rewarding community. The coronavirus pandemic challenged our ability to sustain our energy, but our members are resilient and resourceful. We not only adapted and maintained our inspiring event schedule and connections virtually, but we gained new skills along the way that now allow us to extend our reach and foster greater engagement as the way we interact continues to evolve.
Healthy Pursuits
The intersection of health and technology has become an important part of my life. They say that when you turn 40 your body starts to fall apart. They also say that 40 is the new 20. I say that neither is true, not entirely, but as you age you do have to work harder to stay fit. In this issue of The ACCJ Journal, we embrace the vision, ideas, and creations of those entrepreneurs and companies who are developing solutions to the wellness challenges facing society.
Happy Independence Day!
I would like to wish our friends and partners at the ACCJ a Happy Independence Day on the 246th anniversary of the founding of our great nation. The US–Japan Alliance has much to celebrate as well …
Activist Investing in 2022
The Fourth Annual ACCJ Shareholder Forum brought together experts for a look at the state of activist investing in Japan and the realities of the Japanese market.
From Disaster to Tech Hub
Soon after the Great East Japan Earthquake of March 11, 2011, Japan’s Ministry of Economy, Trade and Industry (METI) began coordinating a wide range of efforts to revitalize this former disaster zone. METI’s revitalization initiatives were raised to a new level with the launch of the Fukushima Innovation Coast Framework in May 2017. Here’s how things are developing five years on.
The Yen’s Fall from Grace
The Japanese yen is on track toward a parabolic move, with global and Japanese macro players set to become increasingly aggressive in betting on an overshoot toward ¥150–160 to the US dollar. Economist Jesper Koll examines the causes, the potential impact, and when the winds may shift again.
2021 Person of the Year Photo Gallery
On April 25, 2022, the American Chamber of Commerce in Japan (ACCJ) recognized Nobuyuki Hirano as the 2021 ACCJ Person of the Year for his leadership and substantial contributions to the US–Japan relationship. View a selection of photos from the event.
ACCJ Meets Congressional Delegations
A visit by senators in April also offered a chance to welcome back former Ambassador Hagerty.
The Great Resignation
The pandemic has brought tumultuous change to the workplace worldwide, and in the United States millions of employees have decided to quit or change jobs in what has been dubbed The Great Resignation. Could we see a similar upheaval in Japan?
Stepping Up for Change
The global employment landscape has shifted dramatically during the past two years, with the coronavirus pandemic encouraging employers to be more flexible than ever in their arrangements with staff. Working from home, for example—virtually unthinkable for many companies not long ago—has quickly become perfectly acceptable and, often, expected. While Japan has, in the past, been criticized for failing to keep up with changes in the job market, there are plenty of organizations here that have embraced different approaches to work.
Spirit of Yozan
The death of a close friend at college prompted Tohoku native Hiroaki Miyajima to pursue a career in advertising in the United States. Having returned to his hometown of Yonezawa, Yamagata Prefecture, in 2011, he is now part of a local business collective whose mission is to secure the town’s future prosperity. The Ukogi collective, established by Miyajima and several other Kojokan graduates, channels the spirit of Yozan in a bid to grapple with the issues facing Yonezawa and many of Japan’s rural areas.
Crossing the Bridge
For most of the past two years, we’ve been writing about overcoming the challenges of the pandemic. While the threat of Covid-19 continues, and will likely remain with us for a long time, we’ve adapted and are learning how to function and flourish in a changed world. This includes adjusting how we work. To explore this new reality, we’ve put together four features that focus on various aspects of work and the expectations now shaping the path to success. Plus, there's lots more in the spring 2022 issue of The ACCJ Journal.
In Defense of Strong Relations
Those movies in which a fighter pilot steps into the role of president and leads everyone through challenging times are always inspirational. ACCJ President Om Prakash, also chief executive of Northrop Grumman Japan, is a US Air Force veteran who was a fighter pilot, test pilot, and vice wing commander of the 82nd Training Wing. In a year filled with opportunities in a transformed world, The ACCJ Journal sat down with Prakash at the Northrop Grumman office to learn more about his background and thoughts on the path ahead.
Motivate Remotely
When the pandemic began, a sudden shift to remote work brought challenges to companies accustomed to having everyone in the office. Two years later, remote work is here to stay. So, how do you keep people motivated in a world where some portion of your team will always be outside the office? The ACCJ Journal talked to three experts in training and team-building to learn which techniques are working for them and how we can all make remote and hybrid work models effective for the long term.