, Columnist
Is Japan Too Scared to Succeed?
The country needs bold new entrepreneurs, not more easy money.
Most young Japanese still prefer joining big companies.
Photographer: Chris McGrath/Getty ImagesThis article is for subscribers only.
Of all of the scary economic data that routinely streams out of Japan, this statistic should terrify you: $800 million. That’s the total value of venture capital deals completed in Japan in 2015, according to accounting firm Ernst & Young. Compare that to $72 billion in the U.S. and $49 billion in China. Even tiny Israel managed $2.6 billion in deals.
