Japan is aiming to achieve “Society 5.0”, which is a human-centered society
where high integration of cyberspace and physical space can promote economic
development and solve societal issues. In order to accelerate innovation while
ensuring governance in a complex and fast-changing digital society, we will need a
horizontal multi-stakeholder governance model which focuses on solving issues
(goals), instead of a governance model where the government single-handedly
undertake the functions of rule-making, monitoring and enforcement on an industry
 Based on an awareness of these issues, the Study Group on New Governance
Models in Society 5.0 (hereinafter referred to as the “Study Group”), which was
established under the Japanese Ministry of Economy, Trade and Industry (METI) in
2019, discussed a new governance model designed to achieve three goals: (1)
Governance for Innovation, (2) Governance of Innovation, and (3) Governance by
Innovation. The outcome of the discussion was compiled in a report titled
“Governance Innovation: Redesigning Law and Architecture for Society 5.0”
(hereinafter referred to as the “First Report”), which was released in July 2020.

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