Competition in the semiconductor industry, which is the foundation of the world’s economy and industrial society in the coming years, is becoming increasingly fierce. Japan’s semiconductor industry was the most powerful in the world in terms of technologies and the global market share in the mid-1980s, but Japan’s dominance in this industry has significantly fallen. If Japan continues to fall behind Taiwan, China, South Korea and European countries, there will be no future for Japan’s semiconductor industry. The Liberal Democratic Party (LDP) took the initiative and held the general assembly on May 21 to establish a large-scale all-party parliamentary group to promote the growth strategy for Japan’s semiconductor industry. At this assembly, Mr. Akira Amari, Chairperson of the LDP’s Research Commission on the Tax System with experiences as several former ministers in relation to economic policies, was appointed Chairperson of the Group and two Former Prime Ministers Shinzo Abe and Taro Aso were appointed Supreme Advisers. All the people in both the public and private sectors concerned with the semiconductor industry should make the best efforts to revitalize the said industry, otherwise, the entire Japanese economy will be in trouble in the future.
At this assembly, I expressed my view to the effect that the revival of the semiconductor industry is vitally needed.