Japan’s Ministry of Economy, Trade and Industry (METI) is driving a critical digital transformation as the nation faces a potential annual loss of JPY 12 trillion ($77.6 billion) by 2025 if businesses fail to innovate. The METI promotes digital practices through a code of practice and support for small and medium-sized enterprises (SMEs), emphasizing the importance of public-private collaboration to leverage digital technologies effectively.
Companies are rapidly adopting digital strategies, such as using AI for inventory optimization and enhancing drug discovery through digital tools. METI’s initiatives, including the Digital Governance Code and the “Mira-Digi” portal for SMEs, aim to accelerate digital adoption and support transformation efforts, ensuring a competitive edge and resilience against the impending digital cliff.
