Japan
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Japan as PDF for free.
More details
- Words: 1,307
- Pages: 27
[email protected]
Whole area-377,812 sq km (India-3,287,263 sq km ) Extension: approximately 3000 km Capital-Tokyo The main islands, called the "Home Islands", are from north to south Hokkaidō, Honshū (the "mainland"), Shikoku and Kyūshū. 6800 smaller islands, including Okinawa, some inhabited and others uninhabited
[email protected]
Population-127.7 million (India-1.03 billion) Population density-343 persons per square kilometer
◦ ranking it 5th among countries with a population of 10 million or more
[email protected]
Political Framework ◦ Political Structure Democratic monarchy where the Prime Minister of Japan is the head of government, and of a multiparty system Executive power is exercised by the government Generally considered a constitutional monarchy -based largely upon the British system Legislature – Bicameral parliament House of Representatives with 480 representatives House of Councillors with 242 representatives
[email protected]
Political Framework ◦ Tax Regime Corporate Tax-corporate tax (national tax), corporate inhabitant tax (local tax), and enterprise tax (local tax)
[email protected]
Political Framework ◦ Tax Regime consumption tax -5% Personal Taxes
Non-residents who earn salary income paid for services provided in Japan and not deemed subject to withholding tax in Japan must file a return and pay a 20% tax on the total amount of that salary
[email protected]
Political Framework
◦ Foreign Investment Policy To promote FDI, the JP government established "Invest Japan Business Support Centers" to serve as one-stop centers for support and information on investment. The IBSCs provide various information on investment procedures to foreign businesses setting up an operation in Japan. Initial screening by the Overseas Investment Commission (OIC) Currency – freely convertible FDI = 2.5% of GDP
[email protected]
Political Framework ◦ Trade Agreements Economic Partnership Agreement with Singapore, Brunei, Malaysia, Thailand, Mexico, Chili, Indonesia as of 1/Aug/2008
[email protected]
Political Framework Unemployment rate- 5.2% (May 2009)
[email protected] Source: Ministry of Internal Affairs and Communications of Japan
Economic Framework ◦ Facts and Figures
GDP (PPP Terms) - $4.35trillion (2008)second after US Japan's Trade Balance of Goods & Services$83.47billion in 2007 ($17.78 billion in 2008 *trade deficit with the Middle East)
◦ Main Industries: Banking, insurance, real estate, Manufacturing, retailing, transportation, telecommunications and construction ◦ The service sector accounts for three quarters of the gross domestic product ◦ Labor force - by occupation: agriculture 4.4%, industry: 27.9% services: 66.4% ◦ Low Food self-sufficiency rate (calorie basis) [email protected] 40%
Economic Framework Exports –transport equipment, motor vehicles, semiconductors, electrical machinery, chemicals Imports –machinery and equipment, fuels, foodstuffs, chemicals, textiles, raw materials
[email protected]
Source: JETRO
•Economic Framework •Exchange Rates - \271.33/US$ in Oct 1982 to \96.58/ US$ in June 2009
[email protected]
Source: Bank of Japan
Social Framework ◦ Cultural Perspective
Ethnic groups: Japanese 98.5%, Koreans 0.5%, Chinese 0.4%, other 0.6% note: up to 230,000 Brazilians of Japanese origin migrated to Japan in the 1990s to work in industries; some have returned to Brazil (2004)Religious Perspective
Shintoism 83.9%, Buddhism 71.4%, Christianity 2%, other 7.8% note: total adherents exceeds 100% because many people belong to both Shintoism and Buddhism
[email protected]
Technological overview ◦ One of the leading nations in the fields of scientific research, technology, machinery and medical research ◦ Even small and medium sized enterprises are attractive to large foreign companies ◦ Budget for R&D = 3.61% of GDP ◦ Over 709,000 researchers
[email protected]
Strength
One of the most advanced Science and Technology Existence of Industrial Cluster and government incentives Sophisticated consumers with high purchasing power Japan’s importance as a creative center is increasing One of the ultimate testing grounds for new developments The economy with the second largest GDP in the world Highly effective transportation system 5th most peaceful country in the world Existence of powerful industry [email protected]
Weaknesses Population Density in metropolitan zones Regional Distribution Decline of self-sufficiency of food Some Japanese have difficulty speaking English Japanese people do not show their actual mind what they think, so sometimes takes time to get to conclusion Heavily depending on import of energy resources and raw materials [email protected]
Opportunities
Access to new Asian markets since Japanese companies continue to expand their market reach throughout the East Asia region The environment for expansion of foreign companies into Japan is steadily improving compare to 10 years ago Environmental market is Expanding due to the government's advancement of environmental laws. Booming business in silver care and retirees (ex. senior care services and others) The customer wants new things all the time Japan is a consumer society where quality is highly valued Japanese customers tend to pay money to try using a new technology [email protected]
Treats Declining Birth Rate The negative relationship with North Korea Rapid economy growth of China
[email protected]
Success stories
Source: JETRO [email protected]
Japan- Home for many multinational firms Toyota, Sony, Honda, Canon, Sharp, Sanyo, Panasonic, Kawasaki, Suzuki, Mitsubhishi, Hitachi etc What are the secrets of success of Japanese firms? Should we attribute their global success to the unique Japanese culture based on collectivism, harmony and politeness? Or because of Innovation & Quality consiousness ? Technology? In 1950s and 1960s, Japan was a poor country after the second world war and bomb attacks in Japanese cities.
[email protected]
What is the factor that motivate customers in many countries to prefer ‘Made in Japan’ compared to products made in other countries? Despite the fact that many Japanese do not speak English fluently, japan had risen like a phoenix bird in 1970s because of their hardwork, teamwork and desire to achieve greater highs. Their remarkable achievements in 1980s can be linked to their unique culture rooted in values like Harmony at Workplace, as against arguments in the name of democracy in India. [email protected]
Not
only Japan has achieved many laurels worldwide, but also they have been successful in getting the ‘Visa on Arrival ‘ facility for all their passport holders (120 million people) for 3 months from more than 50 countries in the world, which include all developed countries. [email protected]
Almost, all the employees including clerks put in 11 hours in office, meaning aggregate labour output in Japan is much higher than India. International Quality Do they get paid well? Yes. Japanese labourers and staff work hard with team spirit with positive attitude and long term orientation. The employers reward them very well with twice a year bonus. According to labour , even a part time labourer should be paid 800 yen (400 Indian Rupees) per hour. [email protected]
No
doubt, Japanese system is based on win-win strategy when it comes to employee-employer relationship. On the other hand, Indian companies struggle to manage human resources (It leads to labour problems and shut down of plant many times). Let us try to adopt mutually beneficial strategy
[email protected]
Japan has also been ranked among the most peaceful countries in the world because there are no hartals, strikes, shootouts and street processions by political parties or religious groups. They don’t fight each other. like Indians . Most of them follow Shinto-ism which is based on harmony and human values. Japan is also known for Bow which they do for greeting others. This has roots in their culture and is considered as a symbol of their politeness and respect for others. [email protected]
Japanese
management style is the culmination of long term view, strong discipline and strategic thinking. They believe that it is important to maintain loyalty, harmony, respect and consensus at workplace. Therefore, Japanese people emphasise more on ambiguity to avoid conflict or maintain harmony within the group. [email protected]
No doubt, harmonial relationship always facilitates the work and in turn leads to higher efficiency and better labour productivity,
Visit www. drjustinpaul.com for accessing the full text of my books & blog on japan etc.
[email protected]
Whole area-377,812 sq km (India-3,287,263 sq km ) Extension: approximately 3000 km Capital-Tokyo The main islands, called the "Home Islands", are from north to south Hokkaidō, Honshū (the "mainland"), Shikoku and Kyūshū. 6800 smaller islands, including Okinawa, some inhabited and others uninhabited
[email protected]
Population-127.7 million (India-1.03 billion) Population density-343 persons per square kilometer
◦ ranking it 5th among countries with a population of 10 million or more
[email protected]
Political Framework ◦ Political Structure Democratic monarchy where the Prime Minister of Japan is the head of government, and of a multiparty system Executive power is exercised by the government Generally considered a constitutional monarchy -based largely upon the British system Legislature – Bicameral parliament House of Representatives with 480 representatives House of Councillors with 242 representatives
[email protected]
Political Framework ◦ Tax Regime Corporate Tax-corporate tax (national tax), corporate inhabitant tax (local tax), and enterprise tax (local tax)
[email protected]
Political Framework ◦ Tax Regime consumption tax -5% Personal Taxes
Non-residents who earn salary income paid for services provided in Japan and not deemed subject to withholding tax in Japan must file a return and pay a 20% tax on the total amount of that salary
[email protected]
Political Framework
◦ Foreign Investment Policy To promote FDI, the JP government established "Invest Japan Business Support Centers" to serve as one-stop centers for support and information on investment. The IBSCs provide various information on investment procedures to foreign businesses setting up an operation in Japan. Initial screening by the Overseas Investment Commission (OIC) Currency – freely convertible FDI = 2.5% of GDP
[email protected]
Political Framework ◦ Trade Agreements Economic Partnership Agreement with Singapore, Brunei, Malaysia, Thailand, Mexico, Chili, Indonesia as of 1/Aug/2008
[email protected]
Political Framework Unemployment rate- 5.2% (May 2009)
[email protected] Source: Ministry of Internal Affairs and Communications of Japan
Economic Framework ◦ Facts and Figures
GDP (PPP Terms) - $4.35trillion (2008)second after US Japan's Trade Balance of Goods & Services$83.47billion in 2007 ($17.78 billion in 2008 *trade deficit with the Middle East)
◦ Main Industries: Banking, insurance, real estate, Manufacturing, retailing, transportation, telecommunications and construction ◦ The service sector accounts for three quarters of the gross domestic product ◦ Labor force - by occupation: agriculture 4.4%, industry: 27.9% services: 66.4% ◦ Low Food self-sufficiency rate (calorie basis) [email protected] 40%
Economic Framework Exports –transport equipment, motor vehicles, semiconductors, electrical machinery, chemicals Imports –machinery and equipment, fuels, foodstuffs, chemicals, textiles, raw materials
[email protected]
Source: JETRO
•Economic Framework •Exchange Rates - \271.33/US$ in Oct 1982 to \96.58/ US$ in June 2009
[email protected]
Source: Bank of Japan
Social Framework ◦ Cultural Perspective
Ethnic groups: Japanese 98.5%, Koreans 0.5%, Chinese 0.4%, other 0.6% note: up to 230,000 Brazilians of Japanese origin migrated to Japan in the 1990s to work in industries; some have returned to Brazil (2004)Religious Perspective
Shintoism 83.9%, Buddhism 71.4%, Christianity 2%, other 7.8% note: total adherents exceeds 100% because many people belong to both Shintoism and Buddhism
[email protected]
Technological overview ◦ One of the leading nations in the fields of scientific research, technology, machinery and medical research ◦ Even small and medium sized enterprises are attractive to large foreign companies ◦ Budget for R&D = 3.61% of GDP ◦ Over 709,000 researchers
[email protected]
Strength
One of the most advanced Science and Technology Existence of Industrial Cluster and government incentives Sophisticated consumers with high purchasing power Japan’s importance as a creative center is increasing One of the ultimate testing grounds for new developments The economy with the second largest GDP in the world Highly effective transportation system 5th most peaceful country in the world Existence of powerful industry [email protected]
Weaknesses Population Density in metropolitan zones Regional Distribution Decline of self-sufficiency of food Some Japanese have difficulty speaking English Japanese people do not show their actual mind what they think, so sometimes takes time to get to conclusion Heavily depending on import of energy resources and raw materials [email protected]
Opportunities
Access to new Asian markets since Japanese companies continue to expand their market reach throughout the East Asia region The environment for expansion of foreign companies into Japan is steadily improving compare to 10 years ago Environmental market is Expanding due to the government's advancement of environmental laws. Booming business in silver care and retirees (ex. senior care services and others) The customer wants new things all the time Japan is a consumer society where quality is highly valued Japanese customers tend to pay money to try using a new technology [email protected]
Treats Declining Birth Rate The negative relationship with North Korea Rapid economy growth of China
[email protected]
Success stories
Source: JETRO [email protected]
Japan- Home for many multinational firms Toyota, Sony, Honda, Canon, Sharp, Sanyo, Panasonic, Kawasaki, Suzuki, Mitsubhishi, Hitachi etc What are the secrets of success of Japanese firms? Should we attribute their global success to the unique Japanese culture based on collectivism, harmony and politeness? Or because of Innovation & Quality consiousness ? Technology? In 1950s and 1960s, Japan was a poor country after the second world war and bomb attacks in Japanese cities.
[email protected]
What is the factor that motivate customers in many countries to prefer ‘Made in Japan’ compared to products made in other countries? Despite the fact that many Japanese do not speak English fluently, japan had risen like a phoenix bird in 1970s because of their hardwork, teamwork and desire to achieve greater highs. Their remarkable achievements in 1980s can be linked to their unique culture rooted in values like Harmony at Workplace, as against arguments in the name of democracy in India. [email protected]
Not
only Japan has achieved many laurels worldwide, but also they have been successful in getting the ‘Visa on Arrival ‘ facility for all their passport holders (120 million people) for 3 months from more than 50 countries in the world, which include all developed countries. [email protected]
Almost, all the employees including clerks put in 11 hours in office, meaning aggregate labour output in Japan is much higher than India. International Quality Do they get paid well? Yes. Japanese labourers and staff work hard with team spirit with positive attitude and long term orientation. The employers reward them very well with twice a year bonus. According to labour , even a part time labourer should be paid 800 yen (400 Indian Rupees) per hour. [email protected]
No
doubt, Japanese system is based on win-win strategy when it comes to employee-employer relationship. On the other hand, Indian companies struggle to manage human resources (It leads to labour problems and shut down of plant many times). Let us try to adopt mutually beneficial strategy
[email protected]
Japan has also been ranked among the most peaceful countries in the world because there are no hartals, strikes, shootouts and street processions by political parties or religious groups. They don’t fight each other. like Indians . Most of them follow Shinto-ism which is based on harmony and human values. Japan is also known for Bow which they do for greeting others. This has roots in their culture and is considered as a symbol of their politeness and respect for others. [email protected]
Japanese
management style is the culmination of long term view, strong discipline and strategic thinking. They believe that it is important to maintain loyalty, harmony, respect and consensus at workplace. Therefore, Japanese people emphasise more on ambiguity to avoid conflict or maintain harmony within the group. [email protected]
No doubt, harmonial relationship always facilitates the work and in turn leads to higher efficiency and better labour productivity,
Visit www. drjustinpaul.com for accessing the full text of my books & blog on japan etc.
[email protected]
Related Documents
Japan
October 2019 63
Japan
October 2019 56
Japan
May 2020 14
Japan
June 2020 17
Japan
June 2020 21
Japan
May 2020 26More Documents from "Manoj K Singh"
Ratioanalysis
May 2020 20
Indiabangladeshtrade
May 2020 17
Micro Finance
May 2020 18
Financial Crisis Ppt Fms 1
May 2020 18
Retail
May 2020 21