Ministry of Economy, Trade and Industry
Font Size Change
S
M
L

Parliamentary Vice Minister Tanaka Visited the U.S.

From August 11 to 15, 2014, Mr. Ryosei Tanaka, Parliamentary Vice Minister of Economy, Trade and Industry, visited the U.S.

In Yonkers, New York, Parliamentary Vice Minister Tanaka visited Kawasaki Rail Car Inc., a manufacturer of subway cars for the New York City subway, and exchanged views with representatives from the company concerning its business strategy and challenges. In addition, he had a meeting with Dr. Hugh T. Patrick, professor of Columbia University, and explained the outline of Japan’s economic policy and measures for encouraging inward direct investment in Japan, and subsequently exchanged opinions with him concerning the future prospects for the Japanese economy.

In San Francisco, California, he visited nestGSV, an entity fostering venture businesses, and met with Mr. Kayvan Baroumand, CEO, to exchange views concerning the current situation of the venture ecosystem in Silicon Valley and ideal ways that national governments should be involved in the system. In addition, at a meeting with Ms. Ari Horie, CEO of Women’s Startup Lab, Parliamentary Vice Minister Tanaka was briefed on the company’s initiatives for supporting women in business startups in Silicon Valley and exchanged views with her concerning Japan’s challenges in encouraging women’s success in the workplace. Furthermore, he had a meeting with Dr. Robert Eberhart, Assistant Professor of Santa Clara University, and requested advancement of Japan-U.S. cooperation using existing knowledge and networks in the field which currently support venture businesses, and discussed cooperation in a planned study abroad program. He also had a meeting with Dr. John Victor Roos, former U.S. Ambassador to Japan, and exchanged views with him on the potential of specific cooperation between Japan and the U.S. in the field of innovation and startups.

1. Yonkers, New York

August 11 (Mon.)
Visiting a Kawasaki Rail Car railway vehicle manufacturing plant

Parliamentary Vice Minister Tanaka visited a manufacturing plant for railway cars owned by Kawasaki Rail Car. He was briefed on the business policies of the company, which has received orders for more than 4,000 vehicles since 1979 in the North American market due to their high-level of technology and reliability, leading to the company obtaining the largest share in the U.S. market. At the same time, he exchanged views with the company concerning its future business strategy and challenges.

August 12 (Tue.)
Meeting with Professor Patrick, Columbia University

At the meeting with Dr. Patrick, professor of Columbia University and leading expert in the field of Japanese economy in the U.S., Parliamentary Vice Minister Tanaka expressed Japan’s appreciation to Dr. Patrick for his contribution to the Japan-U.S. friendship through his study in the field. Then, Parliamentary Vice Minister Tanaka explained Japan’s major initiatives to Dr. Patrick, including the aim of its revised Japan Revitalization Strategy and measures for encouraging inward direct investment in the country. In response, Dr. Patrick showed his understanding of Japan’s economic policy and his positive assessment of the results of the policy, and both sides exchanged views on future related prospects.

2. San Francisco, California

August 13 (Wed)
Meeting with Mr. Baroumand, nestGSV

Parliamentary Vice Minister Tanaka also visited nestGSV, an entity fostering venture businesses and a partner of the Japan External Trade Organization (JETRO) under the Silicon Valley Innovation Program, in which JETRO supports Japanese venture businesses in developing their business in Silicon Valley, and had a meeting with Mr. Baroumand, CEO. Both sides exchanged opinions concerning the role the entity has in fostering venture businesses through the program, the current situation of the venture ecosystem in Silicon Valley, and ideal ways that national governments should be involved in the system.

Meeting with Ms. Horie, Women’s Startup Lab

He had a meeting with Ms. Horie, the CEO of Women’s Startup Lab, an entity supporting women who wish to start venture businesses and was briefed on the company’s current initiatives, which focus on addressing the fact that very few women are attempting business startups in Silicon Valley. Following the explanation, both sides exchanged views on Japan’s challenges in promoting women’s success in the workplace.

Meeting with Assistant Professor Eberhart, Santa Clara University

Parliamentary Vice Minister Tanaka had a meeting with Dr. Eberhart, Assistant Professor of Santa Clara University. He expressed Japan’s appreciation to Dr. Eberhart for his contribution to the U.S.-Japan Innovation and Entrepreneurship Council, a cooperative project between the U.S. Department of State and METI, and requested further Japan-U.S. cooperation in supporting startups by making use of the existing networks among people related to the council. In response, Dr. Eberhart introduced a study abroad program, an initiative planned by Santa Clara University and Stanford University to provide Japanese people with support in studying in the U.S. to encourage business innovation and the creation of startups, and both sides discussed the potential of Japan-U.S. cooperation in this field in the future.

Meeting with Dr. Roos, former U.S. Ambassador to Japan

Parliamentary Vice Minister Tanaka had a meeting with Dr. Roos, former U.S. Ambassador to Japan, and explained Japan’s policy for supporting venture businesses, which is presented in the Expert Meeting on Venture Business and the revised Growth Strategy. Following the explanation, both sides discussed the potential of further specific cooperation between Japan and the U.S. in the field of innovation and business startups. Concerning ideal approaches to fostering and supporting venture businesses, Dr. Roos presented advice based on his experience and proposed that Japan send a mission of high-level Japanese government officials to San Francisco in order to encourage more Japanese startups to develop their businesses in Silicon Valley.

Release Date

August 26, 2014

Division in Charge

Americas Division, Trade Policy Bureau

Related Information

Regional Affairs / United States

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
Copyright Ministry of Economy, Trade and Industry. All Rights Reserved.