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Japan’s strong economy is helped by its economic sophistication and pro-business policies. Japan is the third-largest economy in the world and the most complex according to the Economic Complexity Index. The nation’s largest industries include automobiles, automotive parts manufacturing, electronic equipment, machine tools, chemicals, textiles, and processed foods. Japan’s top export destinations are the United States, China, South Korea, Thailand, and Hong Kong, giving the nation strong economic ties to its surrounding Asia-Pacific neighbours. The Global Competitiveness Report for 2016-2017 ranked Japan the eighth most globally competitive country in the world, citing the nation’s business sophistication, quality of local suppliers, and strong international distribution controls as some of its most outstanding business features. Of the Fortune Global 500 companies, 51 are headquartered in Japan (Source – JETRO). The Summer Olympic and Paralympic Games will be held in Tokyo from 24th July to 9th August 2020 and from 25th August to 6th September 2020, respectively.
However there are a number of issues which you must consider when you are looking to set up your business in Japan.
This document takes you through some of the common questions we come across and gives you practical information about the issues you need to consider.
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