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During the 1960s and 1970s, some of the most innovative companies in the world were Japanese. Firms like Honda, Sony and Seiko managed to utterly transform entire industries.

Japan’s innovation model, however, broke down about 30 years ago.

Today the nation is looking to startups to find a new way. But while they have an important role to play, it will be Japan’s mid-sized companies that will drive large-scale innovation and economic growth over the next 15 years.

Image: https://www.forbes.com