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Nanotechnology, a term advocated in 1974 by Professor Norio Taniguchi of the Tokyo University of Science at the International Conference of Production Engineering, did not immediately become a household word. Research in this field was only beginning to take place within fields such as material, electric and electronics, machinery, and life sciences until 2000, though individual studies, such as microfabrication of semiconductors, had been achieved by the world's leading scientists.

Since the formulation of the U.S. National Nanotechnology Initiative (NNI) in 2000, the Japanese government has also implemented a set of measures to promote research and development (R&D) investments that encompasses all nanotechnology-related areas, thus revitalizing R&D efforts. However, nanotechnology research in Japan is contained within individual disciplines, considering itself a narrowly defined technology, as opposed to a convergence or emerging technology.

Such governmental measures and the revitalization of related researches led to companies focusing their attention on product development, making use of nanotechnology, and selling their products by taking advantage of the cutting-edge technologies. The greater the mediatic coverage of the term nanotechnology is, the greater the popularity of related products will be amid the apparently noninitiated general public. Yet, while progress has been observed regarding R&D in nanotechnology and its popularity within society, concerns remain over ambiguous risks. Therefore, the Japanese government has been appraising the influence of nanotechnologies on society; however, no strategic policy has been mapped out yet due to several reasons, one of them being that R&D in that field is undertaken with a narrow definition of nanotechnology.

Revitalization of Nanotechnology R&D

Much of nanotechnology R&D has been initiated by researchers in Japan, as illustrated by the fact that the term itself was first put forward by Taniguchi in 1974, or by the discovery of the carbon nanotube by Dr. Sumio Ii-jima. Additionally, the Atom Technology Project, whose mission is to study material properties on an atomic level, was launched in 1992. Above all, vigorous R&D efforts have been undertaken in the microfabrication technology of semiconductors. However, specific R&D in the name of nanotechnology has only been conducted since 2001.

Inspired by the NNI, which aimed to promote R&D investments in nanotechnologies to industry, academia, and government circles across the United States, Japan designated nanotechnology as one of its four priority fields in the Second Science and Technology Basic Plan of 2001 (nanotechnology and materials science/technology, life sciences, information and telecommunications, and environmental sciences), and allocated a large amount of public funds to R&D. Such government-led incitements related to nanotechnology R&D were intended to make Japan a worldwide leader in this field. The emphasis was put on the intensive promotion of balanced R&D activities covering both basic and applied researches aiming at commercialization. In addition, “nanotechnology and materials science/technology” was identified as one of the four priority fields to be promoted within the Third Science and Technology Basic Plan of 2006, and thus benefited from continuous and aggressive public investments.

As governmental measures have encouraged the spread of R&D in nanotechnologies, so too did the R&D activities conducted by industries. Since 2000, a number of products have been marketed with the term nanotechnology or nano, using cutting-edge technology as a branding tool, despite the fact that some products did not involve nanotechnology. However, the nanotech boom in the market did not generate sufficient technological outputs in R&D activities, thus fading away near 2002. Yet in October 2003, industries established the Nanotechnology Business Creation Initiative (NBCI), sequentially conducting cooperative R&D activities by building business road maps for nanotechnology and promoting the exchange of R&D-related personnel.

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