Tokyo's Biggest Taxi Firm Takes on Uber

The video discusses Uber's struggle to penetrate the Japanese market due to strong local competition from Nihon Kotsu and strict regulatory barriers. Nihon Kotsu, a major player in Japan's taxi industry, is led by a well-connected chairman aiming to innovate the sector. Japan's detailed regulations ensure high-quality taxi services but also keep fares high, limiting market growth. SoftBank's investment in Uber could lead to strategic partnerships with local taxi companies, potentially reshaping the industry.

Who is the main competitor of Uber in Japan?

• Toyota

• Nihon Kotsu

• Sony

• Honda

What is the relationship of the current chairman of Nihon Kotsu to a former Japanese Prime Minister?

• He is the husband of the granddaughter

• He is the son-in-law

• He is the grandson

• He is the son

What is one of the main reasons ride-sharing services struggle in Japan?

• Poor technology

• Lack of demand

• High competition from buses

• Strict regulations

What is a consequence of the strict regulations on the taxi industry in Japan?

• Lower fares

• More ride-sharing companies

• Decreasing passenger volumes

• Increased number of taxis

How might SoftBank's investment in Uber affect the Japanese taxi industry?

• It will lead to higher fares

• It will increase regulations

• It will decrease the number of taxis

• It may result in partnerships with taxi companies