On November 5th, 2025, Japan Association of New Economy (“JANE”. Location: Minato-ku, Tokyo; Representative Director: Mickey Mikitani) announced the “JX (Japan Transformation) Proposal 2025 – Policies to Reverse the ‘Lost 35 Years’” (hereinafter referred to as the “JX Proposal”).

On October 21st, 2025, JANE hosted “JX Live! 2025 – Shaping Japan’s Future Vision with Business and Political Leaders” as an event to promote JX (Japan Transformation). The event featured a roundtable discussion with leading executives, politicians, and experts on Japan’s future vision.

Based on the discussions held at this event, we compiled our message in the form of the “JX Proposal,” which is built on three pillars: “Extraordinary Startup Policies”, “The Key to Economic Revitalization: Updating Industries and Work Styles”, and “Scenarios for Reversing the ‘Lost 35 Years.'”

The key points of the JX Proposal 2025 are as follows:

1. Policies for Startup Growth
   •Clarification of government accountability to achieve the goals of Startup Development Five-year Plan (10 trillion JPY in startup investment)
   •Shift to overseas market development strategies to promote the globalization of startups
   •Improvement of tax systems (PE exemptions) to encourage overseas investors to invest in Japanese funds
   •Support for startups’ growth through large-scale government procurement

2. Policies to Update Industrial Structure and Work Styles to Adapt to Digitalization and AI Advancements
   •Promotion of DX across society through M&A by IT companies (review of goodwill amortization is also necessary to promote M&A)
   •Enhancement of motivation for skill development and income increase by visualizing job-specific compensation and required skills for that job
   •Promotion of skill-based hiring and career advancement
   •Development of human skills (communication, EQ, etc.)

3. Other Policies Based on the Above to Reverse the “Lost 35 Years”
   •Monetization of the high creativity possessed by Japanese people and connection to business by sending out the message of being a “country that creates change” and attracting “people, knowledge, and capital” from around the world
   •Significant expansion of private investment (from approx. 100 trillion JPY (current) to approx. 300 trillion JPY) through the introduction of hyper-depreciation tax schemes, etc.
   •Declaration of a “bilingual nation” with English for international competitiveness and communication capabilities, and Japanese for cultural preservation

Proposal document available here (only in Japanese):

JX Live! 2025 Roundtable videos available as follows (Japanese with English subtitles):

Extraordinary Startup Policies

The Key to Economic Revitalization: Updating Industries and Work Styles

Scenarios for Reversing the ‘Lost 35 Years.’