The notion that innovation in information technology could spark a
revitalization of the Japanese economy became a hot topic in 2000,
and the Japanese government announced an e-Japan Strategy for
creating a "knowledge emergent society" in January 2001. However,
just when a consensus seemed to be emerging regarding the
importance of IT innovation in Japan, the country's IT industries
were deeply influenced by a recession that originated in the U.S.
Although economic conditions have improved, strong IT-driven
economic growth in Japan has not bounced back.
Using a newly constructed set of data, this book examines how the
Japanese economy has been affected by advances in information and
communications technology, and whether Japan's experience with IT
advancement was a short-lived bubble or part of a truly
revolutionary change in the Japanese economy that will lead to
long-term growth. The authors discuss similarities and differences
between Japan's experience with IT innovation and that of the
United States, where IT is thought to have played a major role in
stimulating the economy.
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