As highlighted by KPMG, “Japan has great potential to become a regional hub and R&D center in Asia.” This is attributed to its robust economy, a workforce brimming with talent, a dependable tax framework, and its longstanding culture of openness and innovation. In a proactive step to energize its private sector, the Japanese government unveiled an updated rendition of its ‘new capitalism’ strategy in June 2023. This strategy emphasizes the importance of investing in human capital, groundbreaking startups, GX & DX, as well as science, technology, and innovation. Paired with meaningful labor reforms, the aim is to boost productivity, thereby fostering a prosperous cycle in which rising income spurs increased spending.
Delving into the heart of Japanese entertainment, pachinko shines as an iconic and cherished pastime. Bearing similarities to a vertical pinball machine, pachinko thrives in countless parlors across the nation, offering players the thrill of trading their wins for exclusive prizes, which can later be converted to cash off-site. In a remarkable feat, the pachinko industry generated a whopping 26.2% of the leisure sector’s revenue in 2021, amassing JPY
