Prime Minister Shinzo Abe gave opening remarks at an IT gathering held in a Tokyo hotel on Oct. 3, indicating the government’s commitment to proactively supporting the promotion of the “Internet of Things” (IoT), which is viewed as a growth sector. “We will carry out reforms needed to support this new challenge,” he said.
Abe stressed that “the wave of the fourth industrial revolution has reached the world and Japan should create technology that can astonish the world and lead the pack in this revolution.” On the fourth industrial revolution, he pointed out that “this is what will enrich people’s lives and improve the productivity of companies.”
Japan plans to work out international specifications and standards for technology in partnership with the U.S. and Germany. A group including Hitachi and Toyota Motors plans to sign a memorandum of understanding with two U.S. industrial bodies to embark on joint pilot projects. The three countries, which are home to leading firms, will work together to promote cooperation among government, industry and academia to lead the thriving IoT market.