It has been three decades since the days of “Japan as Number One,” often referred to as Japan’s lost decades.

Why has Japan’s GDP failed to grow and its international competitiveness faltered?

On this episode of Toyota Times Business, guests face these questions head-on as they discuss how money should be used to revitalize Japan.

Using data, the program examines issues such as government finances, delays in AI investment, and the lack of long-term funding for basic research.

Meanwhile, overseas examples show governments, universities, and companies working together to rapidly bring new technologies and services into society.

So what is Japan lacking? The answer lies not in choosing between government or the private sector, but in how the two can work together.

Some initiatives supported by the Toyota Mobility Foundation (TMF) serve as examples. TMF, a public interest foundation established by Toyota in 2014, aims to address social issues through mobility and help build a better future society.

In Finland, real-world demonstrations of hydrogen technology are underway. In Okinawa, TMF is working with local governments on a project to help prevent traffic accidents caused by foreign drivers unfamiliar with driving in Japan.

The program also highlights a collaboration with the University of Tokyo to support students in turning their ideas into reality, as well as the development of a cat-shaped robot.

These are just a few examples of what can be achieved when money is used with a long-term vision for the future. 

TMF Deputy Chairman Susumu Matsuda also joins the program and calls on viewers to share their ideas for creating an ever-better mobility society.

What will it take to build a vibrant future for Japan? Watch the video and join the conversation.