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Report “GOVERNANCE INNOVATION: Redesigning Law and Architecture for Society 5.0” Compiled

July 13, 2020

The Ministry of Economy, Trade and Industry (METI) released a report titled “GOVERNANCE INNOVATION: Redesigning Law and Architecture for Society 5.0,” a report explaining: the need for new governance models to pursue both “promoting innovations” and “achieving social value”; and ideal approaches thereto as Japanese society faces dramatic changes brought about by big data, IoT, AI and other digital technologies.

1. Background

At the G20 Osaka Summit meeting in June 2019, which was hosted by Japan, member countries as a whole agreed on the concept “Data Free Flow with Trust (DFFT)” and, taking this opportunity, they launched the “Osaka Track” under the concept, a framework under which member countries will hold international discussions on policies for fully taking advantage of the potentials in data and digital economy. Based on this, at the G20 Ministerial Meeting on Trade and Digital Economy, the ministers released a ministerial statement and declared the need for “Governance Innovation” that meets social changes brought about by digital technologies and social implementation thereof.

In light of this, in August 2019, METI inaugurated a Study Group on a New Governance Model in Society 5.0,* and since then, bringing together experts in a wide variety of fields, including law, economics, technologies and businesses, the study group has held discussions on the need for new governance models to pursue both “promoting innovations” and “achieving social value”; and ideal approaches thereto as Japanese society is facing dramatic changes brought about by big data, IoT, AI and other digital technologies. The study group compiled its discussion results into a draft report titled “GOVERNANCE INNOVATION: Redesigning Law and Architecture in the Age of Society 5.0” in December 2019 and METI opened a call for public comments on the draft report.

The reception counter for public comments received not only many opinions from people at home and abroad but also a variety of comments from experts around the world taking such opportunities as international conferences. In light of these comments, METI updated the details of the draft report, attached an executive summary to its beginning, changed the title to “GOVERNANCE INNOVATION: Redesigning Law and Architecture ‘for’ Society 5.0” and released the revised report.

*Note: The activities of the study group were conducted as part of the NEDO project titled “Project for Promoting Sharing Data on Harmonization Areas and Development of AI Systems in Order to Promote the Connected Industries Policy: Study on Formulating a New Governance Model for Promoting Data Utilization,” which was commissioned to NTT Data Institute of Management Consulting, Inc.

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Information Economy Division, Commerce and Information Policy Bureau