Welcome to another episode of The Coral Capital Podcast, a show about startups, technology, and venture capital with a focus on Japan and Asia broadly.
Today, we're joined by Richard Katz, NYC correspondent for the Weekly Toyo Keizai and the author of several books, including his latest, “The Contest for Japan’s Economic Future: Entrepreneurs vs. Corporate Giants”. In this episode, we'll take a step back to dive into the historical and macroeconomic context of Japan and examine the role of startups in this environment. We'll cover a range of topics including:
- The healthy and necessary role of firm mortality in economic growth
- The barriers to entry and exit in Japan
- Debunking the myth of Japan's risk-averse culture and uncovering the real issues in its risk vs. reward system
- Insights Japan can gain from french startup policies
- Japan’s strength and history in invention and re-invention
- How job mobility, women, and the new generation are reshaping the workforce
- How a change in the LDP's political dominance can open doors for change
Richard's book, "The Contest for Japan’s Economic Future: Entrepreneurs vs. Corporate Giants," is available for purchase here, and his Substack, Japan Economy Watch, can be subscribed to here.
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