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Business

Tech innovation can supersede Trump's shortsighted view

Market needs long-term perspective to withstand anti-globalization tide

Toyota has placed Gill Pratt, a leading AI researcher, as head of its new research institute as part of its efforts to apply advanced technologies to self-driving cars.

TOKYO -- An executive at Toyota Motor expressed concern about the future once U.S. President-elect Donald Trump takes office, saying, "There are a lot of disturbing issues, such as his anti-globalization views and 'America First' posture."

He is also keeping a close eye on the capital market. Capitalism has been eroded by a trend toward placing top priority on securing profit -- a shift that has widened income gaps. Excessive focus on short-term results is considered to be a factor behind Brexit and rising populism in the U.S. Will such short-termism spill over to other countries in the future?

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