Internet of Things (IoT) technology has the potential to initiate the fourth industrial revolution, so Taiwan and Japan should cooperate in the industry to benefit each other, former president Lee Teng-hui (李登輝) said on Sunday in Ishigaki, Japan.
Japan has advanced IoT technology and Taiwan can contribute to the industrialization of related services and technology which could be exported to the rest of the world, Lee said in a speech.
Combining Japanese companies’ strengths in research and development and Taiwan’s manufacturing expertise, the two nations could dominate the global IoT market, Lee said, adding that Taiwan could cut its unemployment rate and raise GDP growth to between 3 and 4 percent annually.
A dialogue on the topic between Lee and Yale University professor emeritus of economics Koichi Hamada, who is an adviser to Japanese Prime Minister Shinzo Abe, titled “The IoT Alliance between Japan and Taiwan,” was published in Japan a month ago.
In his speech, titled “On a New Model of Taiwan-Japan Exchanges from the Perspective of the Historical Development of Ishigaki Island,” Lee also traced the history of the immigration of Taiwanese farmers to Ishigaki, about 250km east of Taiwan, and other islands in the Yaeyama Archipelago.
Taiwanese immigrants, who brought water buffaloes and agricultural technology to develop the pineapple industry in Ishigaki, demonstrated a model of successful interaction between the two nations, Lee said.
Lee, who was invited to Japan by the national association of young mayors, is traveling with his wife and family members.
He arrived in Ishigaki on Saturday and is scheduled to return to home tomorrow.
It is the former president’s eighth visit to Japan since he left office in 2000.
Ishigaki is part of the Yaeyama Islands, which are part of Okinawa Prefecture.
He visited Naha, Okinawa’s capital, in 2008, but this is his first visit to Ishigaki.
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