The Japan Prize Preparatory Foundation was established on November 1, 1982, with the approval of the Prime Minister, for the purpose of establishing the Japan Prize as a prestigious international award in the field of science and technology.
The creation of the Japan Prize was motivated by the desire to “express Japan’s gratitude to international society.” This plan was advocated in 1981 by Mr. Taro Nakayama, the then Director General of the Prime Minister’s Office, and supported with a fund donated by Mr. Konosuke Matsushita, the founder of Panasonic Corporation.
Establishment of the Japan Prize
The Government issued the following cabinet endorsement on the establishment of the Japan Prize on October 28, 1983:
* Renamed The Japan Prize Foundation in 2010