The company says the investment will be directed to submarine cables and human resource development, in addition to building its first data center in Japan. Google will construct the data center in Chiba Prefecture near Tokyo, and plans to begin operations there in 2023. In addition to increasing the convenience of internet services for customers, Pichai said Google aims to support the digital transformation of Japanese companies through its cloud computing business. "I think it has an opportunity to lead in digital transformation," he said. Pichai's remarks come as the company accelerates the streamlining of its business, as expectations for an economic slowdown grow. Demand for Google's services grew due to the COVID-19 pandemic, driving the expansion of Google's parent company, Alphabet. But its profit has declined for two consecutive quarters, through April to June, as inflation and other factors weigh on its business. In July, the company decided to slow the pace of hiring until year's end.