Japan’s Intellectual Property Revenue Is Soaring

Income has jumped by 74 percent over the past five years

From Super Mario to Hello Kitty and robotics advances by Fanuc Corp., Japan’s intellectual property is generating soaring income. The country’s IP revenue has jumped by 74 percent over the past five years, to a record 4.4 trillion yen ($40 billion) through the first 11 months of 2017. The development and protection of intellectual property, which applies to intangible assets including brands, copyright, patents and industrial designs, is a key element of Prime Minister Shinzo Abe’s long-term growth strategy.

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