Society 5.0 and the Japanese Consumer Behaviour

The article addresses the behaviour of the Japanese consumer and the impact the country’s gradual shift to Society 5.0 will have on it. The publication is one part of the research conducted on Society 5.0 and its effect on the Japanese business sphere. The aim is to examine current Japanese consumer...

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Main Author: Konstantin Ivanov
Format: Article
Language:English
Published: UNWE Publishing Complex 2023-08-01
Series:Bulgarian Journal of International Economics and Politics
Subjects:
Online Access:https://www.unwe.bg/doi/bjiep/2023.1/BJIEP.2023.1.04.pdf
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author Konstantin Ivanov
author_facet Konstantin Ivanov
author_sort Konstantin Ivanov
collection DOAJ
description The article addresses the behaviour of the Japanese consumer and the impact the country’s gradual shift to Society 5.0 will have on it. The publication is one part of the research conducted on Society 5.0 and its effect on the Japanese business sphere. The aim is to examine current Japanese consumer behaviour using data gathered from the World Bank and different consulting agencies and predict the changes that will occur as technology progresses. The research finds that companies in Japan can attract more customers by implementing virtual and augmented reality, artificial intelligence and other key aspects of Society 5.0. However, further research on the topic will need to be conducted in the following years as humanity has not yet entered Society 5.0 and all of the abovementioned innovations are still in their infant stage.
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spelling doaj.art-bafb807b2aaa4df19a98c37d015454f92023-12-04T00:53:05ZengUNWE Publishing ComplexBulgarian Journal of International Economics and Politics2815-27512815-28752023-08-0131606810.37075/BJIEP.2023.1.04Society 5.0 and the Japanese Consumer BehaviourKonstantin Ivanov0epartment of International Economic Relations and Business, University of National and World EconomyThe article addresses the behaviour of the Japanese consumer and the impact the country’s gradual shift to Society 5.0 will have on it. The publication is one part of the research conducted on Society 5.0 and its effect on the Japanese business sphere. The aim is to examine current Japanese consumer behaviour using data gathered from the World Bank and different consulting agencies and predict the changes that will occur as technology progresses. The research finds that companies in Japan can attract more customers by implementing virtual and augmented reality, artificial intelligence and other key aspects of Society 5.0. However, further research on the topic will need to be conducted in the following years as humanity has not yet entered Society 5.0 and all of the abovementioned innovations are still in their infant stage.https://www.unwe.bg/doi/bjiep/2023.1/BJIEP.2023.1.04.pdfsociety 5.0japanconsumer behaviourartificial intelligence (ai)virtual realityaugmented realityonline marketinginternationalization
spellingShingle Konstantin Ivanov
Society 5.0 and the Japanese Consumer Behaviour
Bulgarian Journal of International Economics and Politics
society 5.0
japan
consumer behaviour
artificial intelligence (ai)
virtual reality
augmented reality
online marketing
internationalization
title Society 5.0 and the Japanese Consumer Behaviour
title_full Society 5.0 and the Japanese Consumer Behaviour
title_fullStr Society 5.0 and the Japanese Consumer Behaviour
title_full_unstemmed Society 5.0 and the Japanese Consumer Behaviour
title_short Society 5.0 and the Japanese Consumer Behaviour
title_sort society 5 0 and the japanese consumer behaviour
topic society 5.0
japan
consumer behaviour
artificial intelligence (ai)
virtual reality
augmented reality
online marketing
internationalization
url https://www.unwe.bg/doi/bjiep/2023.1/BJIEP.2023.1.04.pdf
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