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Business trends

Startups not status: Japan's top grads rethink success

More University of Tokyo alumni are seeking careers outside government and big companies

The University of Tokyo is starting to produce graduates who shun Japan Inc. in favor of the startup world.

TOKYO -- The University of Tokyo, long a gold mine of human resources for Japan Inc., is starting to produce more graduates who would rather start a company than settle for life in a rigid government or corporate bureaucracy.

The trend is such that Tokyo's Hongo district, where the university's campus is located, has earned the nickname "Hongo Valley." Japan's version of Silicon Valley is buzzing with startups that specialize in fields such as wealth management, health care, home sharing and space debris collection.

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