According to Biotechnology Business, a website geared towards promoting biotechnology in Japan, the Japanese biotech industry is the second-largest in the world, with the second-most companies, Patent Co-operation Treaty (PCT) applications, and approved bio-therapies (from 1989-2009) next to the United States, according to an OECD report in 2009. There are seven major biotechnology clusters in Japan and business is apparently booming thanks to industry incentives put into place in 2002, to address the aging population and depletion of natural resources. The importance of fermented foods in Japanese culture has contributed to a history of interest in food biotechnology. No doubt the earthquake and tsunami crisis will have long-term effects on businesses throughout the nation, and the repercussions will be felt around the world. One market outside Japan that will be most affected is the biomedical device market, which is highly dependent on computer chips made in Japan, a major manufacturer or electronics and computer devices.
van Beuzekom, B. and Arundel, A. 2009. OECD Biotechnology Statistics 2009.