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Japan

Japan is the world's third largest economy by GDP and the fourth largest trading nation after China, the United States, and Germany.

Japan is the world's third largest economy by GDP and the fourth largest trading nation after China, the United States, and Germany.

Japan’s trade was mainly imports and exports of goods, but more recently new forms of direct investment have grown including trade in services (transactions in transportation, travel, telecommunications, construction, insurance, finance, information, etc.), acquisition of foreign companies, and establishment of companies and factories overseas.

A recent survery amongst foreign companies suggested the following benefits to operating in Japan – “High income level and large local market for products and services” (61.9%), “Good infrastructure” (47.6%), “Sensitive to value-added and trends in products and services, and the ability to check the competitiveness of new products” (34.4%), “Good living environment” (29.6%), and “Excellent human resources” (15.2%).

There were some negatives to doing business in Japan, “High business costs” (73.3%), “Difficulty in securing human resources” (49.5%), “Closed nature/specificity of the Japanese market” (46.3%), “High level of user requirements for products and services” (42.8%), ” Strict regulations and licensing system” (30.7%), and “cumbersome administrative procedures” (30.7%).

In a nutshell, Japan is a very attractive market for foreign companies, but it is not an easy country to enter and grow in.

Asian Insiders is your partner, with experts who know the challenges of doing business in Japan from years of experience and who can advise you and make your entry into Japan easier and successful.

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