Prof. Shinya Yamanaka, a G1 Board member, received the Nobel Prize in Physiology or Medicine for his work in creating iPS cells, an event that is still fresh in our memory. iPS cells are a true homegrown medical technology for Japan. By its nature, Japan’s strength should lie in the area of advanced medicine. At present, however, with regard to medicines and medical devices, imports exceed exports by 2.4 trillion yen. It is necessary to establish a system that facilitates the development of advanced medical technology ahead of other countries and implement measures to take advantage of Japan’s inherent strength.