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Japan raises music royalty for foreign films

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Japanese largest musical copyright administration society JASRAC reached an agreement with a movie theater group on September 6 2018 that, for foreign films which will be released from November 2018 to March 2021, JASRAC will collect 6-level of music royalty of JPY 150,000 (approx. USD 1,350) to JPY 300,000 (approx. USD 2,700) in accordance with […]

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JPO commissioner mentions the review of damage calculation method

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IPBC Japan 2018 began with a keynote speech by Naoko Munakata, commissioner of the Japan Patent Office (JPO), in Tokyo on September 13. Munakata introduced the recent measures taken by the JPO, such as; SEP licensing negotiation guide Startup support system (Fast track examination, Dispatch of experts for IP advice, financing, and business) Collection of […]

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Japanese trust bank to launch personal data brokerage business

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How much would you sell your personal data? Japan has been considering building a data market to assist companies create new services, as previously reported. The first application in such a data market would be the personal data exchange. Mitsubishi UFJ Trust and Banking Corporation (MUTB), the second largest in trust business in Japan, announced that […]

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Japanese local banks to increase chances to give a loan using IP information

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Recently, alternative lending has been attracting attention in Japan. Alternative lending is a business loan option that falls outside of a traditional bank loan. For example, a Japanese electronic commerce and Internet company Rakuten gives a loan to its online shopping site owners using daily accounting data, and an accounting software company Yayoi also provides […]

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Japan to develop an IP asset platform for matching global challenges with Japanese technology seeds

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As previously reported, the progress of open innovation is slow in Japan. However, the government has been actively developing measures to promote open innovation. For example, it prepared “University Factbook” which provides contact information of business-academia collaboration office, performance of joint / contract research, performance of patent filing and utilization, and technology field of patent […]

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Japan still a developing nation in open innovation

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Open innovation is essential for companies. It has been said for quite some time now. However, many of Japanese companies seem to be not yet able to make good use of open innovation, comparing to European and American companies. The Japanese government released the White Paper on Open Innovation (the second edition) on June 27 2018. […]

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Women’s participation creates high-value patents

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Faced with the problem of a declining birthrate, an aging population and a declining labor force, Japan has been expecting women’s more active participation in society. Recently, certain data suggested that women’s participation is also important for promoting innovation. On July 16 2018, it was reported that Development Bank of Japan concluded that companies’ research […]

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Marine Day when we should think about ocean plastic

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Japan has a national holiday called “Marine Day”. It was July 16 this year. The purposes of the holiday is to give thanks to ocean’s bounty and to consider the importance of the ocean to Japan as an island nation. It’s good time to think about the destruction of the environment of the ocean. Ocean […]

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What to expect when JPO improves its machine translation system

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The machine translation system of the Japan Patent Office (JPO) will be upgraded in May 2019. Toshiba Digital Solutions Corporation (TDS), which was split off from Toshiba Corporation in July 2017, won a contract with the JPO for the  development of the system. According to the announcement on July 10 2018, in order to improve […]

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Japan to initiate a government-led blockchain project

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Japan starts to study a blockchain system for contents management. The government is aiming to support Japanese contents business (e.g. game, character) by providing a system which realizes smooth copyrights handling by using smart contract and other functions based on blockchain technology. The Japanese government is reportedly planning to proceed to the validation phase in […]