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News Release

Invitation to participate in the FY 2011 Research Project on Regulatory Reform and Industry Creation in the Medical Care and Nursing-related Fields (medical care and nursing-related service industry creation research project)

April 19, 2011

Overview

The Japan Research Institute, Limited has been commissioned by the Ministry of Economy, Trade and Industry to implement the “FY 2011 Research Project on Regulatory Reform and Industry Creation in the Medical Care and Nursing-related Fields (medical care and nursing-related service industry creation research project)”.

Japan is facing unparalleled rates of population aging and birthrate decline and public interest in health, medical care and nursing is growing. With the numbers of families with members who require nursing and of elderly single-person households expected to rise, the demand for lifestyle support services and other medical care- and nursing-related services are likely to rise even further.

This demand in medical care, nursing and related fields, relating to the changing structure of Japanese society is regarded by some as representing a social security cost. From an industrial perspective, however, as pointed out in the “New Growth Strategy”, it could potentially lead to the creation of a growth industry, leading internal demand and generating employment in the course of meeting the needs of Japan’s aging society.

As to the supply required to meet the increased demand, shortages, uneven distribution of resources and systemic issues mean there will be some difficulty in providing appropriate services. Japan needs to establish systems that will allow it to make efficient use of limited resources and ensure security and peace of mind.

Against this backdrop, with a view to the creation and promotion of lifestyle support service industries linked to medical care and nursing services (hereinafter “medical care and lifestyle industries”) to meet the demand in areas surrounding public health insurance services, JRI will suggest measures to resolve regulatory and systemic issues and will implement this research project with a focus on verifying the sustainability of business models.

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