From May 9th till May 11th, Japan IT Week Spring took place in Tokio. The spring edition of this event – there are three editions each year – is the world’s leading IT trade show, with 13 exhibitions that cover all the latest IT technologies and solutions. At a joint DSP valley booth four of our members enjoyed a lot of promising meetings.
by DSP Valley
Ready to invest
Japan has gone through a long period of economic stagnation. But the last couple of years, things have been changing. For several consecutive quarters the country is showing a positive growth and the Japanese Nikkei stock index has never been higher in the last 20 years. This makes that most Japanese companies have cash-on-hand and are looking for solid projects to invest in.
In the semiconductor and electronics industries, the demise of the Japanese giants makes the Japan-centric view on products diminish so that the majority of Japanese companies are more open to do business with the outside world. According to Forbes the Japanese government also stimulates this openness towards international business.
In the semiconductor and electronics industries Japanese companies are more open to do business with the outside world.
Next to that the combination of a stronger economy and a low birth rate results in an unemployment rate below 3%. This causes a shortage of skilled people and an increased need to rely on foreign expertise.
On bi-lateral trade level, the EU-Japan trade agreement which was negotiated in 2017 will be approved soon. It is expected to come into force by the middle of 2019. Several of the import tariffs will strongly reduce or even disappear and regulations will be made more transparent or even simplified.
Biggest Japanese ICT trade fair
More than enough reasons to believe that Japan is an attractive market again and to check out possible opportunities in that country. From recent inquiries with the DSP Valley members, we also know that several of you are still strongly interested or becoming interested in Japan. Therefore we each year (co-)organise a joint booth at one of the relevant Japanese trade fairs.
This year, we chose the Japan IT Week Spring to plant our joint booth. The trade fair took place at Tokyo Big Sight, the main congress and trade fair area in Odaiba, the artificial island in Tokyo Bay. Japan IT Week Spring is one of the biggest trade fairs on ICT in Japan. Although having a broad scope, going from pure ICT over embedded, vision to IoT, this fair each year welcomes visitors from the most relevant IT-companies in the world. According to the trade fair organizer, the spring edition 2018 counted 1 666 exhibitors. 102 441 visitors passed on the fair ground. For those who joined us at the DSP Valley booth, this created real opportunities to meet potential business partners.
Japan IT Week Spring each year welcomes visitors from the most relevant IT-companies in the world.
DSP Valley members present were IntoPix, Silex Inside, imec (with two departments) and Sigasi.
The day before the trade show, these four got the opportunity to tell their story at a seminar organized at the Belgian embassy. The seminar was organized in collaboration with Flanders Investment and Trade. The session was introduced by the Belgian ambassador, who again emphasized the strengths of the ICT industry in Belgium. About 40 visitors came to listen.
At the end, the guests enjoyed Belgian finger food and a Belgian beer.
What about 2019?
Because of construction works at the Big Sight conference center, the Japan IT Week Spring edition 2019 will be held twice. Part 1 focuses on IoT and Embedded, which interests us most. It takes place from Apr. 10 to 12. Part 2 takes place from May 8 to 10. Since the seminar at the Belgian embassy was also a success, that event will also take place again.