Reforming Japanese capitalism: introduction

Is Japan creating a new economic model through digital and green transformation which will overcome its 'lost decades' lethargy and demographic challenges? Do Society 5.0, DX, GX, 'new/sustainable capitalism', Digital Garden City Nation and other initiatives represent a well-intentioned mish-mash, or something new and potentially coherent which other countries should take notice of? These questions animated a conference held in Oxford in February 2023, and subsequently informed the 11 articles in this special issue by European and Japanese academics and policy makers. The collection identifies tensions and contradictions but also significant changes in in corporate governance, innovation, public policy and human resources, which may point to a new direction for Japanese capitalism.