Caspian Energy Journal Caspian European Club
Thursday, 24 January 2019 15:00

Shinzo Abe elucidates his vision for Society 5.0

Shinzo Abe elucidates his vision for Society 5.0

Elucidating his vision for “Society 5.0” at the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, Prime Minister of Japan Shinzo Abe stressed the importance of a society driven by borderless data and worldwide data governance to leverage future growth, Caspian Energy News ( reports with reference to the official webpage of the World Economic Forum (WEF).

Every day, he noted, more than 2.5 quintillion bytes of data come into being, which, according to one estimate is as much as 250 times the printed material in the US Library of Congress.

“In Society 5.0, it is no longer capital but data that connects and drives everything”, he added.

Pledging to nurture a facilitating environment for innovation, science and technological evolution, Abe said that investing in a green Earth and blue ocean could generate growth and that “decarbonization and profit-making can happen in tandem.”

The prime minister reiterated Japan’s commitment to a free, open and rules-based international order, acknowledging two important recent trade deals, the 11-country Trans-Pacific Partnership (TPP11), which came into effect on 30 December 2018, and the EU-Japan Economic Partnership, effective as of 1 February this year.

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Person in charge of the newsline: Olga Nagiyeva 

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