Developments After the Project

Japan has made concerted public and private sector efforts to develop the solar power generation industry for many years. In fact, companies in Japan had continued making efforts to develop and commercialize solar power generation as an industry for a lon

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Minoru Shimamoto

National Project Management The Sunshine Project and the Rise of the Japanese Solar Industry

Advances in Japanese Business and Economics Volume 25 Editor-in-Chief Ryuzo Sato, C.V. Starr Professor Emeritus of Economics, Stern School of Business, New York University, New York, NY, USA Senior Editor KAZUO MINO Professor Emeritus, Kyoto University; Professor of Economics, Doshisha University Managing Editors HAJIME HORI Professor Emeritus, Tohoku University HIROSHI YOSHIKAWA Professor Emeritus, The University of Tokyo; President, Rissho University TOSHIHIRO IHORI Professor Emeritus, The University of Tokyo; Professor, GRIPS Editorial Board YUZO HONDA Professor Emeritus, Osaka University; Professor, Osaka Gakuin University JOTA ISHIKAWA Professor, Hitotsubashi University KUNIO ITO Professor Emeritus, Hitotsubashi University KATSUHITO IWAI Professor Emeritus, The University of Tokyo; Visiting Professor, International Christian University TAKASHI NEGISHI Professor Emeritus, The University of Tokyo; Fellow, The Japan Academy KIYOHIKO NISHIMURA Professor Emeritus, The University of Tokyo; Professor, GRIPS TETSUJI OKAZAKI Professor, The University of Tokyo YOSHIYASU ONO Professor, Osaka University JUNJIRO SHINTAKU Professor, The University of Tokyo MEGUMI SUTO Professor Emeritus, Waseda University EIICHI TOMIURA Professor, Hitotsubashi University KAZUO YAMAGUCHI Ralph Lewis Professor of Sociology, University of Chicago

Advances in Japanese Business and Economics (AJBE) showcases the work of Japanese and non-Japanese scholars researching the Japanese economy and Japanese businesses. Published in English, the series highlights for a global readership the unique perspectives of Japan’s most distinguished and emerging scholars of business and economics. It covers research of either theoretical or empirical nature, in both authored and edited volumes, regardless of the sub-discipline or geographical coverage, including, but not limited to, such topics as macroeconomics, microeconomics, industrial relations, innovation, regional development, entrepreneurship, international trade, globalization, financial markets, technology management, and business strategy. At the same time, as a series of volumes written by Japanese and non-Japanese scholars studying Japan, it includes research on the issues of the Japanese economy, industry, management practice, and policy, such as the economic policies and business innovations before and after the Japanese “bubble” burst in the 1990s. AJBE endeavors to overcome a historical deficit in the dissemination of Japanese economic theory, research methodology, and analysis. The volumes in the series contribute not only to a deeper understanding of Japanese business and economics but to revealing underlying universal principles. Overseen by a panel of renowned scholars led by Editor-in-Chief Professor Ryuzo Sato, AJBE employs a single-blind review process in which the Editor-in-Chief, together with the Managing Editors and specialized scholars designated by the Editor-in-Chief or Ma