Japan's industrial technology system as a tangible asset

In the context of Japan's technological development path focusing on the relationship between government and industry, the author examines mechanisms: (i) of technological innovation; (ii) for inducing vigorous R&D investment; and (iii) conducive to technological development. It is concluded that the multidimensional system consists of economic environmental conditions based on social and cultural foundations and the policy system in conjunction with crisis situations could be the asset which contributed to Japan's rapid improvement in technology, and this asset could be considered as a tangible one.<>