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Japan to ensure a chance of correction for licensed patents

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Correction of Patent

The Japanese government has begun consideration of amendment of the patent correction system. The patent correction system allows patent owners to correct patent claims, specification or drawings within certain limits, as a defense against the assertion of invalidity.  Under the current law, where there is a licensee, the patent owner cannot make corrections without the […]

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Coronavirus contributes to Japan’s digitalization

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COVID-19 Outbreak

Japan has entered the Golden Week holiday. It is usually the time for many people to enjoy vacations in the country or overseas. However, because of the spread of the coronavirus (COVID-19) this year, the government is requesting us to stay at home. Many people feel stressed about by the inability to freely spend precious […]

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WAGYU genetic resources to be protected as intellectual property

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Wagyu beef

Wagyu is the Japanese breeds of beef cattle that has been improved over the years by Japanese breeders. Now Japan is considering strengthening the protection of genetic resources, i.e. sperm and fertilized eggs, from livestock such as Wagyu. In fact, Wagyu genetic resources had been exported for commercial use until around 1998, but no exports […]

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Japan’s blockchain enabled next-generation financial transactions to start in 2020

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Blockchain enabled next-generation financial transactions - Progmat

Japan’s blockchain enabled next-generation financial transactions are planned to start in 2020. On November 7 2019, Mitsubishi UFJ Trust and Banking Corporation (MUTB), the second largest in trust business in Japan, announced the establishment of the Security Token Research Consortium consisting of 21 companies, and the development of next-generation financial transaction services using blockchain technology. […]