This study surveys the relationship between entrepreneurial indicators among innovation-driven economies and its implications for Japan. This study surveys specifically the relationship between Total Entrepreneurial Activity (TEA)，which is a key indicator, and other indicators. The results reveal a strong correlation between TEA and the following indicators: perceived capabilities, entrepreneurial intention, know startup entrepreneur rate, media attention, informal investors' ratio, and discontinuity of business. Weak correlations exist between TEA and the following indicators: perceived opportunities, fear of failure, high status successful entrepreneurship, and entrepreneurship as desirable career. With the exception of perceived capabilities, entrepreneurship related indicators' contribution to TEA is not efficient in Japan. More efficient utilization of entrepreneurial intention, entrepreneurial network, media attention, and informal investors' activity could contribute to increasing Japan's TEA and activating entrepreneurial activity.
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