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With a GDP of over $4 trillion, Japan has the third largest economy in the world. The country also boasts a number of world-leading industries, including consumer and industrial electronics, automobiles and automobile parts, pharmaceuticals and biotechnology, machinery and robotics, chemicals and materials, steel and shipbuilding, and aerospace and military equipment.
With regards to technology, Japan is without a doubt a leader in many important areas. The nation excels in everything from semiconductors and functional materials to aerospace and nuclear power technology. The country is also a leader in infrastructure technology, such as earthquake resistant buildings, roads and bridges. In addition, the nation is also ranked first in the world in the number of patents registered at patent houses in the U.S., Europe and Japan, and is ranked among the top in research funding as a percentage of GDP.
The phrase “Made in Japan” has become the gold standard in terms of quality, reliability, technology / know-how, design, and service. This means that working with a Japanese company can not only improve your technological prowess, but your brand image as well. In addition, because of the high level of competitiveness amongst companies and high standards of consumers, overseas companies which have succeed in Japan know they can succeed anywhere.
Japan also boasts some of the world’s best infrastructure. The country has the world’s best and most comprehensive rail network, including the most sophisticated high-speed rail network affectionately known as the “bullet train” outside of Japan. The country also has world-class roads, bridges and tunnels, as well as airport and seaport facilities. In addition, the country offers some of the world’s fastest internet speeds and most comprehensive cell phone coverage.
Japan has a strong rule of law and it is relatively quick and easy to establish a company or business partnership, making it an ultra-friendly business environment. The Japanese government has also been taking steps to lower the corporate tax rate to increase global competitiveness, making it more profitable to do business in the country.
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