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Japan Wants to Become Internet Powerhouse

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TOKYO, Japan (1 September 2000) — Japan is looking to surpass the US as an internet powerhouse in the next five years. By investing heavily in fiber-optic lines and creating more e-commerce-friendly laws, the country sees the internet as a way to resuscitate its sluggish economy. Prime Minister Yoshiro Mori has even promised to make […]

TOKYO, Japan (1 September 2000) — Japan is looking to surpass the US as an internet powerhouse in the next five years. By investing heavily in fiber-optic lines and creating more e-commerce-friendly laws, the country sees the internet as a way to resuscitate its sluggish economy. Prime Minister Yoshiro Mori has even promised to make information technology the backbone of Japan’s future economy.
“Our country must aim to accomplish a new period of rapid economic growth by stimulating new businesses and existing industries, and overtaking the United States within five years as a major high-spend internet nation, says the government’s IT Strategy Council and reported by the Associated Press.
Currently, only 11% of Japanese households have access to internet, compared to 37% in the US. The main reason for this is the high cost of local calls in Japan. On the flip side, Japan is said to be two years ahead of the US and Europe in the area of wireless technology, considered by many to be the future of internet. (JW)

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