Japanese government has recognized the fuel cell and hydrogen technology to be one of the most important R&D areas in order to build low-carbon society in the world. In order to commercialize fuel cell and hydrogen technologies as well as to create new markets for residential fuel cell systems and for fuel cell vehicles (FCV), Japan is pursuing a rational strategy for research and deployment. In order to make Japan a low carbon society, Japanese government has implemented various effective policies and technological developments. As a result, the Japanese fuel cell market (in value terms) is projected to grow at a CAGR of around 35% between FY 2009 and FY 2012, says our new research report