Tsukuba in Ibaraki prefecture gathers G20 ministers to chart the future of the world economy
Home to the Hitachi Seaside Park, Mount Tsukuba and the city of the same name, Ibaraki Prefecture will host the G20 ministers debating digitalization of the world economy and the future of trade. Ibaraki is notable for its world-class research and education facilities and initiatives like the Tsukuba Science City. The city is a scientific research center, also housing the University of Tsukuba, which has helped the region become synonymous with forward-thinking digital innovation in the minds of domestic and foreign investors alike.
Ibaraki faces the same challenges as Japan’s other prefectures – an aging population, declining birth rates, brain drain amongst young people and adapting to digitalization. However, it also hosts cutting-edge digital technology companies that attract investment and job creation.
One of these, cyborg-robot maker Cyberdyne, has created the HAL (Hybrid Assistive Limb) exoskeleton that has revolutionized the medical and care sectors. Cyberdyne president and CEO Yoshiyuki Sankai sees HAL as an important contribution to businesses’ adaptation to both local and global challenges. “By 2050, 40 percent of Japanese will be over 65 years old and other developed countries will face similar situations. We should prepare solutions,” Sankai said. “In a global village, we need to consider a suitable future with new technology.”