Capital: Tokyo HDI: 0.890 (17th)
Language: Japanese GDP (PPP): $4.751 trillion
Population: ~ 127 million Currency: Yen
Japan has a highly advanced economy, high standard of living, and has long been a powerhouse of high tech industrial manufacturing. In particular, Japan dominates both the global electronics industry and automobile industry. Since the country is small and resource poor, it relies heavily on trade and is one of the world’s largest importers and exporters. The huge population benefits from a business climate that favors long term employment and job stability. The Japanese also benefit from having the longest life expectancy in the world as well as the lowest infant mortality rate globally. In an attempt to revamp and stimulate the economy, the government has been reducing government debt and negotiating trade deals that benefit the export reliant economy.
Japan Economic Outlook
The Japanese economy continues to recover steadily from last year’s slump that was caused by the sales tax hike in April.
Indices of All Industry Activity|METI
Seasonally adjusted in indices of industrial activity
Industry Trends & Business Climate
Establishing a Presence
Business Types – Japanese Company Types
There are five corporate entities to choose from when starting up in Japan.
Business Types – JAPAN : incorporation, setting up business
A foreign individual wishing to start a business in Japan can do so either as sole proprietor (kojin jigyo) or by setting up a company.
Business Registration Requirements – 1.3 Procedures for registering establishment
A branch office may begin business operations after registering its establishment with the Legal Affairs Bureau; branch offices of foreign companies must register in accordance with the registration requirements for Japanese corporations of most similar form to that of the foreign company.
Business Registration Requirements – Starting a Business in Japan – Doing Business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Japan.
Japan – Taxes on personal income
In Japan, permanent resident taxpayers are taxed on their worldwide income. Non-resident taxpayers are taxed only on their Japan-sourced income.
Japan Sales Tax Rate
The Sales Tax Rate in Japan stands at 8 percent. Sales Tax Rate in Japan averaged 5.60 percent from 2006 until 2015, reaching an all time high of 8 percent in 2014 and a record low of 5 percent in 2007. Sales Tax Rate in Japan is reported by the National Tax Agency Japan.
Japan Consumption Tax
In Japan, the equivalent of VAT or GST is known as Consumption Tax (‘CT’), and was introduced in January 1989. It is similar to the European Union’s VAT system
Japan Corporate Tax Rate
The Corporate Tax Rate in Japan stands at 33.06 percent. Corporate Tax Rate in Japan averaged 43.42 percent from 1993 until 2015, reaching an all time high of 52.40 percent in 1994 and a record low of 33.06 percent in 2015. Corporate Tax Rate in Japan is reported by the National Tax Agency Japan.
Japan Corporate – Taxes on corporate income
A foreign corporation is taxed only on its Japan-source income.
Japan Personal Income Tax Rate
The Personal Income Tax Rate in Japan stands at 50.84 percent. Personal Income Tax Rate in Japan averaged 50.15 percent from 2004 until 2014, reaching an all time high of 50.84 percent in 2013 and a record low of 50 percent in 2005. Personal Income Tax Rate in Japan is reported by the National Tax Agency Japan.
Visa Information – Embassy of Japan in United States
A visa is NOT necessary for US passport holders visiting Japan for a short-term stay of less than 90 days with the purpose of tourism and business. *
Japan Visas | JapanVisitor Japan Travel Guide
Visitors to Japan from most European countries, Australia, New Zealand, North America and Singapore are usually issued a 90 day tourist visa for Japan on each entry to the country (see below). Holders of a valid HKSAR (Hong Kong Special Administrative Region) passport also are granted visa-free access to enter Japan for tourism and short-term visits up to 90 days.
Communications in Japan – Wikipedia
Japan currently possesses one of the most advanced communication networks in the world.
Transportation in Japan – Japan Guide
Japan has an efficient public transportation network, especially within metropolitan areas and between the large cities.
Best Japan Transportation on VirtualTourist
A complete guide to public transportation
Japan – Key Statistics, Telecom Market
Japan’s telecommunications sector is one of the most developed markets in the world. Moving towards 2016 Japan’s market is served by three multi-service operators offering fixed-line telephony, fixed broadband Internet access, mobile voice telephony, mobile broadband Internet access and pay TV services. – See more at: http://www.budde.com.au/Research/Japan-Key-Statistics-Telecom-Market-Regulatory-Overview-and-Forecasts.html#sthash.zxJvNjNA.dpuf
National Labour Law Profile
Japanese labour law is established within this constitutional framework. It is elaborated by acts, ordinances, collective agreements and work rules. The Civil Code adopted on 27 April 1896 gives a basic definition of employment contracts. Labour laws must additionally meet constitutional demands by setting minimum labour standards.
Japanese labour law – Wikipedia
Conditions of employment must be clearly set out in the employment agreement or in supplementary rules
Workers’ accident compensation insurance
Workers’ accident compensation insurance is a government insurance program in Japan. It pays benefits to workers (or their survivors) if the insured worker suffers injury, illness, or death due to circumstances related to his or her work related duties or commuting.
Japan Guide: Employment insurance
Japan´s social security system ensures that employees laid off or injured at work have access to funds for support.
Business Etiquette – Doing Business in Japan – Etiquette Guide
Correct manners are very important among the Japanese. Also as a foreigner in Japan you should be familiar with at least the most basic rules
Safety – Japan – US Department of State
US Department of State – Go to Safety and Security for updates from the Japanese government
Safety – Japan Safety Considerations
Japan is one of the safest countries in the world, and while at times many Japanese do not speak English, most people are extremely hospitable and will go out of their way to help travelers find their way around
Business Etiquette – Japanese business etiquette
Japanese business etiquette
The dos and don’ts of business etiquette in Japan
Cost of Living in Japan
Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more
Cost of Living in Japan | Expat Arrivals
Despite the reputation Japan has as a country with an exorbitantly high cost of living for expats, it is quite possible to live a good life without breaking the bank.
Education – NCEE » Japan
The Japanese educational system was reformed after World War II. The old 6-5-3-3 system was changed to a 6-3-3-4 system (6 years of elementary school, 3 years of junior high school, 3 years of senior high school and 4 years of University) with reference to the American system. The gimukyoiku (compulsory education) time period is 9 years, 6 in shougakkou (elementary school) and 3 in chuugakkou (junior high school).
Education – Education and Schools in Japan
International schools are one of the most popular options for expat families considering education for their children in Japan.
Free state-run education is available for the children of all Swedish residents, regardless of nationality. Schools are run by local authorities but follow a national curriculum and are subject to government inspections.
Holidays and observances in Japan
Schedule of national and bank holidays and observances
Holidays in Japan in 2016
Public holidays for 2016
Climate – Japan Weather Conditions : Climate & Weather
The weather in Japan is generally temperate, with four distinct seasons
Climate – Japan Weather, Climate and Geography
Except for the Hokkaido area and the subtropical Okinawa region, the weather in Japan is mostly temperate, with four distinct seasons.
Demographics – Japan Demographics Profile
Demographic information includes population, quality of life, health, sports, technology, energy and the environment
Demographics – Demography of Japan – Wikipedia
The demographic features of the population of Japan include population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects regarding the population.
Import Procedures : Japan Customs
Any person wishing to IMPORT goods must declare them to the Director-General of Customs and obtain an import permit after necessary examination of the goods concerned.
Export Procedures : Japan Customs
EXPORTERS must declare to the Director-General of Customs the nature of the goods as well as the quantity, price, and any other necessary particulars. An export permit must also be obtained after the necessary physical examination.
Free Trade Agreement (FTA)
Free Trade Agreement (FTA) and Economic Partnership Agreement (EPA)
Free Trade Agreements | Japan Trade
The Trade in Services Agreement (TiSA) is a trade agreement currently being negotiated by 25 members of the World Trade Organisation (WTO), including the EU.
Housing and Rentals
Lodging and Accommodation
Housing should be one of the first things a person must start looking for when he reaches Japan.
Accommodation in Japan – Japan Guide
Japan offers a wide range of accommodation types in both Japanese and Western styles, including some unconventional forms such as capsule hotels and temple lodgings. Rates range from less than 2,000 yen per person in a dormitory to over 50,000 yen per person in a first class hotel or ryokan.
Japan Travel Guide | Fodor’s Travel
Expert picks for your Japan vacation, including hotels, restaurants, entertainment, shopping, top attractions, and more.
Japan Tourism: Best of Japan – TripAdvisor
Japan Tourism: TripAdvisor has 2,539,036 reviews of Japan Hotels, Attractions, and Restaurants making it your best Japan resource
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