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Opinion

Japan Inc. will defy its critics and innovate once more

Faced with an aging society, companies can overcome conservatism and embrace a digital world

| Japan
The Japanese government seeks to double digital payments to 40 percent of all transactions by 2027. (Photo by Wataru Ito) 

Japan's corporate leaders face a big challenge in fulfilling the nation's ambitious plan to create what the government calls Society 5.0, a supersmart world in which digital innovation leads the way.

Tokyo wants to be a global trailblazer in developing Society 5.0 and resolving economic and social problems by incorporating digital tools -- such as the Internet of Things and big data, artificial intelligence, robotics, and the sharing economy -- into everything from industrial output to social care.

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