The Post-Hanko Economy?

Japan’s new PM Yoshihide Suga wants to make Japan paperless. The country’s transition to a digital economy beckons, and Covid-19 has accelerated the possibilities. Many folks like myself gleefully wait for the day the Hanko stamp goes away per the news report here.

This triggers another recommendation from my old bookshelf:

Tim Clark and Carl Kay uncovered efforts in the late 1990s to early 2000 to digitize the Japanese economy. It’s an era I’m all too familiar with, including its cast of characters from my central Tokyo perch. Japan is finally embracing a future we’ve become accustomed to in the U.S. and many parts of the world.

This recent news report could just as well be 15 years old (like the book). I believe Japan is finally ready to embrace cloud technologies and tap a next-generation workforce within the country and across the world. Every cloud-based company should keep this market in their sights, especially if they are seeking growth and getting ahead of the competition. It’s time to say yes to Japan.