"Industry 4.0," or the fourth industrial revolution, can offer both opportunities and risks for the Japanese economy.
It is a term to describe the future state of the economy, particularly manufacturing, based on the connectivity of everything, or the "Internet of Things" (IoT). This connectivity includes not only PCs and mobile phones, but also cars, manufacturing equipment and other devices.
Although Japan is said to lag behind other developed nations, a recent gathering discussed whether the country could thrive in this new economy.