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  5. First Meeting of the Council of Eminent Persons on Value Creation Companies to be Held

First Meeting of the Council of Eminent Persons on Value Creation Companies to be Held

December 3, 2019

On December 3, 2019, the Ministry of Economy, Trade and Industry (METI) will inaugurate a Council of Eminent Persons on Value Creation Companies, aiming to hold discussions on a variety of issues, including a “mutually-beneficial model,” a new model in which large enterprises and SMEs are able to reciprocally make profits, and to lead the discussion results to a trigger for reviewing Japan’s future SMEs policies.

1. Purpose

While global competition environments surrounding Japan have been becoming more enriched and volatile, Japanese SMEs are facing a variety of difficulties, such as a decline of regional economy, a field which they have bolstered, along with a decrease in regional population. Against this backdrop, METI considers that Japan has arrived at a time to reconsider the overview of its SMEs policies. Japanese companies are facing a challenging time in innovations and global competitiveness as participants in a series of value chains as a whole ranging from product planning and procurement of raw materials to manufacturing and sales since, in particular, the consumption and production areas are now open to worldwide companies.

In this situation, large enterprises and SMEs in Japan need to achieve a “mutually-beneficial relationship” in which both enterprises are able to expand the economy as a whole and both enterprises are able to make profits. To this end, METI considers it important that Japan reconstruct global value chains to encourage Japanese companies to create new value.

Bearing in mind this issue, METI decided to inaugurate the council, aiming to: hold discussions on a variety of topics, including conditions (introduction of appropriate trade practices, open innovations and introduction of multilayered supply chains) under which large enterprises and SMEs are able to reciprocally make profits by participating in global value chains; growth models according to which large enterprises and SMEs are able to reciprocally make profits; and considerations towards reviewing Japan’s future SMEs policies.

2. Outline of the first meeting

  1. Date and time: December 3 (Tue.), 2019; from 10:00 to 12:00

  2. Venue: Special Meeting Room 1 on the 17th floor, METI Main Building
    Note: In order to protect the private information of participating companies, outside observers are not allowed to attend this meeting.

  3. Expected participants: Business operators of large enterprises and SMEs, etc. For details, see the Appendix.

Division in Charge

Policy Planning Division, Business Environment Department, Small and Medium Enterprise Agency