At a startup committee meeting held by Keidanren on March 23, 2026, Naohiro Nishiguchi, CEO of Startup Genome Japan, presented Japan's international position in the startup ecosystem. According to the Global Startup Ecosystem Report (GSER) published by the US-based Startup Genome, Tokyo ranked 10th in 2024 but dropped to 11th place in 2025. A key challenge is that Japanese startups have not advanced as much in globalization compared to Western counterparts. Seoul, South Korea, stands out as an example where aggressive policy investments have dramatically increased unicorn companies, offering lessons for Japan to learn from.