The movie The Matrix was the first wide spread introduction of the bullet time technology in the cinematic world. More than a decade later Japan’s national public broadcasting organization (NHK) showcased a working prototype system which includes 8 cameras and can record live video from all of them at once and create an almost real time bullet time (1 min delay) during sports events such as basketball or gymnastics.
Another advantage of the technology – which is controlled by a single cameraman – is its ability to record bullet-time effect video in 3D which can increase the effect even further.
Iddo Genuth 
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Why should you trust us?
Who says Japanese companies aren’t innovative enough? I’m guessing that the giants and government agencies like NHK are doing a lot of this more basic research that is hard to move to market quickly, so they’re not counted as “innovative”
NHK is doing very interesting work and has always been a pioneer in its field. They have just showcased a 8K Display last year and a new compact 8K video camera recently – and these are the last in a long line of innovative technologies they help develop.