With unemployment figures reaching their highest level in the post-World War II era, the Japanese economy shows no sign of a Silicon Valley-like resurgence that could give hope to the unemployed or to “zombie” corporations that have no customers for their products and no growth.

There are a number of reasons for this. First, Japanese themselves dislike the risk factors for Japanese startups: The Stanford University Program on Japanese Entrepreneurship bleakly reports that Japanese venture capital investment is $3 billion a year, on average, in venture funding, for about 3,000 investment deals annually whereas U.S. investors pour out 10 times that amount for startups.

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