Have you heard of the Japanese concept ‘Nemawashi’?

Nemawashi (English: Laying the groundwork or foundation)

For many Japanese CXOs, Nemawashi (AKA planning and building a consensus) is the first step in any decision-making process.

📌 After all, it takes a united team to create great products.

Nemawashi highlights the importance of sharing information and seeking the opinions of employees.

Within Japanese business culture, Nemawashi entails:

1.) Communicating your strategy to your team;

2.) Making sure everybody, regardless of seniority and position, is on the same page; and

3.) Creating a safe environment where everyone can share their suggestions or concerns.

Implementing Nemawashi will help you become a more effective and inclusive leader. 💯

📰 In this week’s edition of U.S.-Japan Weekly, we’ve got the latest on U.S.-Japan business news:

• Microsoft to invest $2.9 billion in Japan's AI and cloud infrastructure

• Toyota makes big move to advanced tech and clean energy solutions

• Japanese PM Kishida pushes American tech giants to invest in Japan
  
  

Microsoft to invest $2.9 billion in Japan's AI and cloud infrastructure

🇺🇸 REDMOND, WA — Microsoft announced it will invest US$2.9 billion in Japan’s cloud computing and AI infrastructure over the next two years. The tech giant has enjoyed the support of the Japanese market for over 46 years and it is making its largest contribution to the country thus far.

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Toyota makes big move to advanced tech and clean energy solutions

🇺🇸 LOS ALTOS, CA — Toyota Ventures, the early-stage Venture Capital arm of the Japanese automotive brand Toyota, has announced plans to invest $300 million in startups focusing on advanced technology and clean energy projects. This move will increase Toyota’s capital asset commitment to over $800 million. 

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Kishida urges American tech giants to increase investments in Japan

🇯🇵 TOKYO, JP — During an official visit to the United States in April, Japanese Prime Minister Fumio Kishida called for stronger bilateral economic relations through increased investments in Japan’s semiconductor, artificial intelligence, and quantum computing sectors, stressing that it will result in reciprocal investments from his country.

READ MORE

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📌 The Northern California region is one of the fastest growing economies in the U.S., joining the Texas Triangle and Gulf Coast as the only three megaregions to grow their gross regional product at a compound annual rate greater than 5.0% since 2010.

According to the latest forecast, the megaregion’s labor market is expected to grow by 2.2%, which translates to 398,000 jobs, 80% of which will come from the public sector and hospitality and healthcare industries.

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