Abstract
Japan is now facing an urgent challenge to change its economic system, which has kept the country growing for more than fifty years after the war. Under the protection of the government, regulations, and business rules in every sector, enterprises as well as individuals no longer support in the entrepreneurial way of thinking: that those who challenge against risks should be well rewarded. Japanese economic innovation requires launching of various ventures in every field. In this study, I examined the restructuring conducted by the Japanese companies that have been growing since the end of the war. Secondly, I discuss how critical the present situation is in the context of venturing, using the findings of a survey which indicates the there is a correlation between entrepreneurial activities and economic growth. Next, I examined whether the government-supported venturing promotion programs which started in 1995 helped the Japanese people to change their way of thinking about entrepreneurs, based upon the findings of some surveys. I also examined whether it is possible for Japan to change its present entrepreneurial climate. Finally, I refered to a possible attempt to change the climate by introducing “a scheme to promote collaborative venturing by universities and local organizations or individuals.”
