Doing Business in Japan
EENI - Business School.
Subject (Course): International Trade and Business in Japan.
Tokyo, Osaka. Syllabus:
- Introduction to Japan.
- Japanese economy.
- International Trade of Japan.
- Economic Profile of the Japanese regions.
- A gateway to the Asian market.
- Doing Business in Tokyo and Osaka.
- Tips for penetrating the Japanese market.
- Investing in Japan. Foreign direct investment (FDI).
- Case Study:
- Japan's retail market
- GOTO INC.
- Dr. Kazuo Inamori. Founder and Director of Japan Airlines and Buddhist monk.
- Shinichi Inoue (Buddhist Economics)
- Tokyo International Conference on African Development
- Access to the Japanese market
- Business Plan for Japan
Objectives of the subject "Doing Business in Japan":
- To analyze the Japanese economy and foreign trade
- To evaluate business opportunities in Japan
- To explore Japan's trade relations with the student's country
- To know Japan's Free Trade Agreements (FTAs)
- To examine the profile of Japanese businesspeople and companies
- To develop a business plan for the Japanese market
Sample of the subject - Doing Business in Japan:
Subject Description (Doing Business in Japan).
The State of Japan (Asia).
Japan is one of the biggest markets for luxury
products in the World.
- Japan's borders: China, North Korea, South Korea, and Russia.
- Maritime boundary with Taiwan
- The capital of Japan: Tokyo
- Japanese language: Japanese
- Type of Government: Constitutional monarchy
- Area: 377 835 km²
- Japanese Population: 127 million people. Most Japanese reside in densely populated urban areas.
- Currency: Yen (JPY)
Religions of Japan:
- Zen Buddhism (70% of the population)
- Christianity (1 million)
Japan belongs to the Buddhist Civilization
The Japanese economy is the third biggest market economy in the World. Japanese brands like
Fujifilm, Honda, Yamaha, Toyota, Sony, or Panasonic are globally famous.
- The manufacturing sector is one of the strengths of Japan
- Japan has few natural resources.
- One of the most promising fields is robotics, in which Japanese technology leads the world.
- One common pattern is for Japanese companies to import
raw materials and then process them to make finished products, which are distributed in the Japanese
market or exported.
- Furthermore, to possessing high purchasing power, Japanese consumers are early
adopters and move quickly to stay on the cutting edge of the latest
- Many global products have originated in Japan or have gained a
competitive advantage by being developed in Japan. Japan is often seen as a splendid test market for the introduction of new global products and services.
- Japan's nominal GDP: 4.5 billion USD
- Agriculture: 1.6% of Japanese GDP
- Industry: 25.3%
- Services: 73.1%
- Japanese main products: vehicles, electronic products, transport
equipment, chemicals, steel, machine tools, food products, and pharmaceuticals
- Japan is a member of the Economic Cooperation Forum Asia-Pacific (APEC).
- Japan boasts the second biggest
retail market in the World (USD 1,124 billion).
- Furthermore to its size, the enormous influence of Japan's retail industry
attracts global attention as being the origin of many Asian trends.
Tokyo is the center of one of the biggest metropolitan regions in the
World and a hub of dynamic economic and consumer activity.
- 50% of publicly
listed companies in Japan are in Tokyo, along with a high number
of venture capital firms and Small and Medium Enterprises.
- 360,000 foreign people are living in Tokyo.
- Port of Tokyo handles fifteen container berths, including the piers at Oi and Aomi, which can handle 50,000-ton, large container
Osaka, being situated practically in the center of Japan, is the biggest city in western part of Japan and one of the
conurbations as well.
- Osaka port is one of Japanese leading ports.
region, with Osaka at its center, boasts an economy larger than those of Australia and the Netherlands and haves
immense potential for such reasons as
its strength in international trade with Asia and other areas.
Japanese regions: economic profile.
- Hokkaido. Fishing and forestry are important parts of Hokkaido's agriculture and underlie much of the island's industrial activity, including food processing, woodworking, pulp, and paper industries. The capital
- Tohoku. The Tohoku area is primarily agricultural
- Kanto. This region, which includes such key cities as Tokyo, Yokohama, Kawasaki, Saitama, and Chiba, is the most populous region of Japan.
The hub of the region, the Tokyo-Yokohama district, is the core of Japanese international trade and industry.
- Chubu. It has
three industrial areas: the Chukyo Industrial
Zone, which is the home to the main facility of Toyota Motors; the Tokai Industrial
Region, where Yamaha is based; and the Hokuriku Industrial Region.
- Kinki Kansai. Situated in west-central Honshu, the Kinki region is the second
largest area in terms of industry
in Japan. The ancient
capital of Kyoto is in Kinki.
- Chugoku (Hiroshima and Nagasaki)
- Shikoku is the smallest of Japan's four main islands
- Kyushu (Okinawa). The Kita Kyushu Industrial Zone contains a
concentration of heavy and chemical
Doing Business in Tokyo (Japan):
Japanese foreign trade.
- The main products exported by Japan are automobiles, electronics, and computers.
- Largest trading partner is the United States, representing more than 25% of all Japanese exports.
- Largest export markets include Taiwan, Hong Kong, South Korea, China, and Singapore.
- Major imports are raw materials such as oil, food, and wood
- The main suppliers are the United States, China, Indonesia, South Korea, and Australia.
Foreign Direct Investment (FDI) in Japan.
- Japan's attractiveness as a destination for foreign direct
investment is increasing significantly; the Japanese Government has made
significant changes to get a more transparent investment
- JETRO (the Japan External Trade Organization) conducted a
series of surveys of foreign companies based in Japan and the results
show that investment problems in Japan (high costs in the form of doing
business, exclusivity, and tradition in the form to conduct international
business transactions, the complexity of administrative procedures)
were reduced significantly compared to ten years ago
Japan's Free Trade Agreements (FTA).
- Asia-Pacific Economic Cooperation (APEC)
- Trans-Pacific Agreement (TPP)
- Japan's Bilateral Economic partnership agreements: Singapore, Mexico, Malaysia, the Philippines, Chile, Thailand, Brunei Darussalam, Vietnam,
Switzerland, and Indonesia.
- ASEAN-Japan Exhaustive Economic Partnership
- ASEAN Plus Three
Japan is a member of:
- Economic Social Commission Asia-Pacific (ESCAP)
- Asian Development Bank
- Economic Commission for Latin America and the Caribbean (ECLAC)
- Inter-American Development Bank (IDB)
- Japan has signed the OECD anti-corruption measures