Japan Business Environment
Understanding Japan: A Business Perspective
Project Report
TABLE OF CONTENTS
Serial No.
Particulars
Page No.
1.
Introduction
3
2.
Economy
3
3.
Culture
6
4.
Legal
11
5.
Political
17
6.
Currency
21
7.
Trade
26
8.
Challenges & Opportunities
9.
Conclusion
INTRODUCTION
The purpose of this project is to understand the Japanese Economy with a view to realizing benefits of International Business between Pakistan and Japan. For the purpose of this project, we have researched various aspects of the Japanese economy including its political, legal and trade environment. In addition, a cultural and currency analysis has been done. The risks and challenges associated with each dimension have been highlighted with a view to overcoming them to realize better routes for trade. In the end, opportunities have been recognized for possible business ventures between the two countries.
ECONOMIC ENVIRONMENT
Japan 's industrialized, free-market economy is the third-largest in the world. Japan’s productivity is low in agriculture but is it highly competitive and efficient in products that are linked with international trade. The mature industrial economy of Japan is largely due to the well-educated and industrious work force, high savings and investment rates and foreign trade. Japan’s agricultural economy is highly subsidized and protected because just 14 percent of its land is suitable for agriculture. That is why the primary products of Japan are cars, computers, cell phones, cameras and electronics.
Two of the most significant events in the history of Japan were the earthquake and the tsunami of 2011. Japan 's economy was dealt a devastating blow by the 9-magnitude earthquake and tsunami that hit the country on March 11, 2011. Around 30,000 people were dead or missing. 11 out of the 50 nuclear reactors, which supplied one third of the country’s electricity, were closed down. (Source: Carl
Project Report
TABLE OF CONTENTS
Serial No.
Particulars
Page No.
1.
Introduction
3
2.
Economy
3
3.
Culture
6
4.
Legal
11
5.
Political
17
6.
Currency
21
7.
Trade
26
8.
Challenges & Opportunities
9.
Conclusion
INTRODUCTION
The purpose of this project is to understand the Japanese Economy with a view to realizing benefits of International Business between Pakistan and Japan. For the purpose of this project, we have researched various aspects of the Japanese economy including its political, legal and trade environment. In addition, a cultural and currency analysis has been done. The risks and challenges associated with each dimension have been highlighted with a view to overcoming them to realize better routes for trade. In the end, opportunities have been recognized for possible business ventures between the two countries.
ECONOMIC ENVIRONMENT
Japan 's industrialized, free-market economy is the third-largest in the world. Japan’s productivity is low in agriculture but is it highly competitive and efficient in products that are linked with international trade. The mature industrial economy of Japan is largely due to the well-educated and industrious work force, high savings and investment rates and foreign trade. Japan’s agricultural economy is highly subsidized and protected because just 14 percent of its land is suitable for agriculture. That is why the primary products of Japan are cars, computers, cell phones, cameras and electronics.
Two of the most significant events in the history of Japan were the earthquake and the tsunami of 2011. Japan 's economy was dealt a devastating blow by the 9-magnitude earthquake and tsunami that hit the country on March 11, 2011. Around 30,000 people were dead or missing. 11 out of the 50 nuclear reactors, which supplied one third of the country’s electricity, were closed down. (Source: Carl
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