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Drug costs have fallen as products lose their patents.
The country's vibrant generics industry has often trampled over their patents.
There are many reasons for this for example, many costly drugs have lost their patents.
RadioShack, Bridgestone and other companies wanted to strike a variety of deals to monetize their patents.
Their patents are filed early in development and are being squeezed at both ends.
These graduates, their innovations and their patents will be the main drivers of the knowledge economy.
In the past, Japan's sprawling conglomerates rarely bothered to calculate the value of their patents.
This generates immediate rewards for inventors who sell their patents, thereby encouraging innovation, he argues.
Some of its best-selling drugs are nearing the end of their patents.
"We don't believe we infringe their patents at all," he said.
"Individual inventors and many companies don't have the money or expertise to enforce their patents.
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