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We are now experiencing the Fourth Industrial Revolution (4IR), a period of rapid change driven by progress in science and technology. The main drivers of 4IR are AI, big data and the Internet of Things (IoT). Japan will play a leading role in global innovation with a new World Economic Forum (WEF) center devoted to maximizing the potential of the 4IR, says Klaus Schwab, WEF founder and executive chairman.

“Japan is not sufficiently recognized for its innovative capabilities,” Schwab said in a recent interview with Forbes Japan. “The world is speaking about what’s happening in Silicon Valley and Shenzhen, but it is not aware that Japan has created a very successful startup community.”

Fasten your seatbelts for a flight departing to Paris—and never leave the ground.

That’s exactly what 12 passengers did at First Airlines in central Tokyo this week, where they relaxed in first and business-class seats and were served four-course dinners, before immersing themselves in 360-degree virtual reality (VR) tours of the City of Light’s sights.

“A real trip is a hassle to prepare for, and expensive, and takes time. So I think it is good that we can enjoy all this hassle-free,” said Takashi Sakano, 39, who was on his first VR trip, adding that he wanted to try Rome next time.

At 6,600 yen ($62), a fraction of the cost of an actual trip overseas, it’s easy to see why First Airline’s two-hour “flights” to Paris, Rome, Hawaii and New York have been fully booked since the company opened in 2016.