Focus on cyber security, fintech and self-driving software.
TEL AVIV — Investment by Japanese companies in Israel is soaring in expectations of tapping into technologies such as autonomous driving through a business partnership with local startups.
The value of investment by Japanese firms totaled 5.2 billion yen ($45.7 million) in 2015, a 4.7-times increase from 2013 and 26 times the amount in 2012, according to the Bank of Japan’s Balance of Payments statistics.
According to the Tel Aviv office of the Japan External Trade Organization, or JETRO, the number of Japanese companies’ local subsidiaries in Israel was around 35 as of early 2015. The figure jumped to about 50 as of November 2016….Read More>>