Intense recent activity in the field of high-temperature superconductivity both in Japan and in the rest of the world was discussed at the First International Symposium on Superconductivity held in Nagoya in August 1988. Current research and development efforts by major Japanese companies in the field of high-temperature superconductivity are reported by leading company scientists, to give an overview of the high level of activity in the area. Progress in the development of new materials and recent theoretical work is reported both from Japanese and international researchers. Contributions are organized by topic, with such topics as crystal chemistry and electronic structure, processing and microstructure, tapes and thick films, wires and coils, and thin film processing and properties. Future applications of superconductivity including magnetic levitation vehicles, electronics based on Josephson junctions, power delivery, energy storage, ship propulsion and magnetic resonance imaging are particularly stressed.