USA Today -- Japanese customs seem to discourage entrepreneurs
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Tech tripping on tradition
Japanese customs seem to discourage entrepreneurs
By Julie Schmit, USA TODAY
TOKYO - Shinosuke Honjo, 26, graduated from a top university here and did the unthinkable: He went to work for a new Internet company.
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"In Japan, the free flow of information is something to be feared," says Hiroshi Menjo of the Silicon Valley-based consulting firm, the McKenna Group.
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Honjo was considering a job at a Japanese bank when he met Hiroshi Mikitani, 34. Mikitani, a Harvard-educated investment banker, had just quit his job to start his own business, an online shopping mall, www.rakuten.co.jp/. Started in 1997, it now has 600 stores and 18 employees and is profitable. Mikitani may take it public. "I want to make all of these young guys rich so that they can go out and start companies," he says.
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