Asia is the new engine of global growth, but Japanese companies' past success models of doing business in the region may turn out to be a liability under the changing competitive environment, experts said at a recent symposium in Tokyo.
Japanese companies need to combine their traditional strength with the new ideas of more diverse human resources from Asia and deeper knowledge of the local markets, the experts said.
Scholars from Japan and several other Asian countries were discussing the changing business environment in Asia and looking for clues for Japan's engagement with the fast-growing region during the symposium organized Dec. 3 by the Keizai Koho Center. Yasuhiko Ota, a senior writer from the Nikkei business daily, served as moderator of the discussion.