When it comes to doing business, Japan is often overlooked by foreign entrepreneurs. But the truth is, Japan is a country rich in opportunity, with a booming economy and a level of technological advancement that is unrivaled anywhere else in the world. Here are just a few of the many reasons why experts like Kavan Choksi Japan say Japan should be at the top of your list for places to do business.
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A Booming Economy
The Japanese economy is currently on the upswing, with GDP growth reaching 0.5% in 2018 and an expected 2% growth in 2019, according to the IMF. This makes Japan an ideal place to start or expand a business.
Low Crime Rate
Japan is consistently ranked as one of the countries with the lowest crime rates in the world. This makes it a safe and stable place to do business.
Highly Educated Workforce
Japan has one of the highest levels of education in the world, with over 93% of the population completing secondary education and 45% completing tertiary education. This results in a highly skilled and knowledgeable workforce that is able to provide businesses with the talent they need to succeed.
World-Class Infrastructure
Japan’s infrastructure ranks among the best in the world, with a comprehensive network of roads, railways, airports, and ports that make it easy to get around and do business in the country.
Abundance Of Natural Resources
Japan is blessed with an abundance of natural resources, including forests, minerals, and marine products. These resources provide businesses with opportunities for growth and expansion.
Advanced Technology
Japan is home to some of the most cutting-edge technology in the world, from robotics to artificial intelligence (AI). This technology provides businesses with a competitive edge that can help them succeed in today’s global marketplaces.
Government Incentives
The Japanese government offers a number of tax incentives and other financial support for businesses that invest in the country. These incentives make Japan an attractive destination for foreign investors. For example, the government offers a corporate tax holiday for businesses that invest in certain areas of the country. In addition, the government provides subsidies for businesses that create new jobs in Japan. These incentives have helped to attract many foreign businesses to Japan and have contributed to the country’s economic growth.
Favorable Business Environment
The World Bank’s “Doing Business” report ranks Japan as one of the easiest places in the world to start and operate a business. The country has liberalized its business regulations and offers ample support for businesses of all sizes.
English-Speaking Population
While Japanese is the official language of business, English is also widely spoken throughout the country, making it easier for foreign entrepreneurs to communicate with their Japanese counterparts.
Unique Culture
Last but not least, Japan is a country with a rich and unique culture that has inspired people around the world for centuries. From samurai warriors to geisha girls, there is no shortage of fascinating aspects of Japanese culture to explore.
Final Word
As you can see, there are many reasons why Japan is good for business. If you’re looking for an opportunity-rich environment with plenty of potential for growth, then Japan should be at the top of your list.
