Japan Ahead: Money Forward's Chief of Public Affairs

The video discusses the challenges faced by companies in Japan in raising funds, particularly due to the limited risk appetite and traditional growth models. It highlights the ongoing digital transformation in Japan, driven by government initiatives to reduce physical constraints and promote cashless transactions. The video also examines the low adoption of internet banking, which hinders fintech innovation, and the supportive role of the Japanese government in fostering open innovation.

What is a major reason Japanese companies struggle to raise large venture capital rounds domestically?

• Lack of interest in technology

• Limited number of investors

• Insufficient risk capital for large rounds

• High taxation on investments

How have some Japanese companies managed to raise funds despite domestic challenges?

• By increasing domestic sales

• By focusing on traditional growth models

• By reducing operational costs

• By raising funds in foreign markets

What initiative did Japan establish to promote digital transformation?

• Virtual Economy Office

• Online Commerce Department

• Tech Innovation Bureau

• Digital Agency

What percentage of transactions in Japan were cashless after five years of government initiatives?

• 50%

• 40%

• 29.7%

• 20%

What is a significant barrier to fintech innovation in Japan?

• High cost of technology

• Limited internet banking usage

• Lack of skilled workforce

• Strict government regulations

How has the Japanese government supported fintech innovation?

• By increasing funding for banks

• By promoting open innovation

• By restricting foreign investments

• By reducing taxes on startups

What change in government policy has helped the fintech scene in Japan?

• Reduction in banking regulations

• Increase in foreign investment limits

• Emphasis on open innovation

• Focus on internal innovation