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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.
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