If Japanese firms can move ahead in product development and accumulation of business know-how in the aging population, it will lead to an increased chance for those firms to benefit from the first mover’s advantage overseas in the future. However, challenging various niche areas ahead of other firms entails risk.
On this point, there are critics who argue that, by referring to the fact that the establishment rate of firms in Japan remains at about half that in United States and Europe, Japanese DNA is stabilityoriented to start with and lack venture spirits.