Tag Archives: Japan

Japan update: opportunities for 2014 and beyond

Guest post by Ashley Bozeman, senior studying international business and marketing

7C5A3151On Thursday, October 17, I and other students and faculty from the University of Washington had the privilege of enjoying the “Japan Update: Opportunities for 2014 and Beyond” discussion with Koichi Hamada, Tuntex Professor of Economics, Yale University, and Joseph A. Massey, Professor Emeritus, Dartmouth College. Both are esteemed professors with years of international business and economic policy experience. Needless to say, I think many of us Certificate of International Studies in Business (CISB) students were a bit intimidated. I am happy to report that they were far from intimidating; they had everyone laughing throughout and left all of us inspired and optimistic for the future of Japan.

This event was a great eye-opener to some of the problems Japan is currently facing. We had the opportunity to learn from Professor Hamada, Advisor to Japanese Prime Minister Abe, and Professor Massey about possible solutions for strengthening the Japanese economy. Professor Hamada shared that one of the major challenges in Japan today is its aging population. Japan has the oldest population in the world. Consequently, the workforce is declining. Professor Massey stated that the solution should not be an attempt to make up for the decreasing population, but rather an increase in productivity and an adjustment of Japanese cultural norms. Both of our guests touched on better utilizing well-educated women in the work force and working until an older age. Both of which can be done, but will take time and challenge current cultural norms.

Our speakers also discussed business opportunities in Japan due to these demographic changes. The two main opportunities were health care and child care. The population is aging, so health care will be a hugely important and growing sector. In order for more women to pursue higher education and enter the workforce, it is necessary to have more child care opportunities so they are able to work outside the home.

I was impressed by Professor Hamada and Professor Massey’s optimism and their proposed solutions and opportunities for Japan in the coming years. I now have a greater awareness of the Japanese economy and culture and am looking forward to keeping up with the country’s progress in the future.

Global entrepreneurship: rewards & challenges

Guest post by Maria Reyes, CISB student Saito 1

As a graduating senior I am often asked what the highlight of my business school career was. The response? The people I’ve met through the Michael G. Foster School of Business.

One of the most inspiring individuals I’ve met is William Saito. Internationally, he’s renowned for his work in encryption, authentication, and biometric technology. Today, he runs InTecur, a consultancy in Japan that helps companies identify and develop applications and markets for innovative technologies.

On May 9th, he came to the Foster School of Business to deliver a talk titled “Global Entrepreneurship: Rewards & Challenges.” I came expecting to learn just about starting a business, but Mr. Saito delivered that and beyond. He shared challenges in penetrating Japanese markets using American venture strategies and was humble in sharing what worked and what didn’t work, how he learned from his mistakes, and the importance of giving back once you are successful.

What I personally received from his talk is the drive to become an innovator during my internship in Tokyo, Japan. For those who are unfamiliar with the Japanese business culture, it is very uniform and male dominated, which is a challenging environment for a woman let alone a foreigner like me. Prior to meeting Mr. Saito, I felt pressured to conform to the Japanese norms. When I expressed my concerns about Japanese business culture to him one-on-one, he challenged me to break my own preconceived notions and be innovative by utilizing my unique background to help grow the company rather than work under it. I will never forget his words and will continue to think of them after graduation. I hope to one day inspire others to be innovative like Mr. Saito does.