Will Technology Leave Japan Behind?

More investment in innovation will be needed to propel the economy into the future

Perhaps in another time and another place, things would have turned out differently for Japanese Internet startups. As the market took off around 1994, entrepreneurs launched 2,000 such ventures, confident that the technology-driven forces sweeping through the American economy soon would engulf Japan. They also figured that demand for software, high-speed computer networks, and Net-related offerings would explode. And Japanese investors would continue to pump funds into Internet-services firms.

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