Michael came from San Francisco and talked about the state of the content-protection market in the United States. He said, “The United States has become more conservative and is 18 to 24 months behind Japan in advanced product categories.” This can be seen, for example, in mobile phones. One reason seems to be the difference in the concentration of people and companies. Although Japan is the world’s second-largest economy, nearly 9 tenths of it can be reached through Tokyo, whereas the United States is dispersed across the continent. As a result, the density of communication seems to decrease.

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