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Data released this week showed that in the quarter through March, Japan's economy grew at a rate of 1.6 percent annually

Data released this week showed that in the quarter through March, Japan's economy grew at a rate of 1.6 percent annually

Japan’s economy grew at an annual pace of 1.6% in the quarter through March as private demand rebounded after COVID-19-related restrictions were eased, according to data released Wednesday. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 0.4% in January-March on-quarter in the world’s third largest economy, the government Cabinet Office said. The biggest contributor to growth was private demand, surging an annual 3.1%, with consumer spending an

Let’s give an example which maybe explains what I’m talking about. Back in the late 1990’s several Australians were very active in the IEEE802.11 working group, these Aussies formed a company (Radiata) and designed one of the first working 802.11a chipsets. The intellectual property behind this was developed several years earlier by the CSIRO and the company combined several experienced semiconductor Industry professionals with a couple of Academics and leveraged this CSIRO knowhow (IP). The result was a company that was at the top of its game and was therefore invited to participate...