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doing business in japan. Doing business in Japan | Japanese Social and Business
Culture A Japanese Culture Overview Fact file o Official ...
Doing Business with Japan. I chose to export nutritional supplements to
Japan. There is a definite need for this product as Japan ...
... Even though Canadians doing business in Japan might tend to get very upset about
this, they have to deal with it in one way or another in order to get a share ...
... have to take consideration of diversity factors that are unavoidable when doing
business abroad ... offers, let’s take for example countries like Japan and United ...
... Deal focused business cultures (Gesteland) Japan and mostly ... we call a relationship
focused business culture ... likely to be reluctant doing business with strangers ...
Submitted by kr1234 on May 1, 2006
Category: Business
Words: 500 | Pages: 2
Views: 204
Popularity Rank: 51,072
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I chose to export nutritional supplements to Japan.
There is a definite need for this product as Japan is the second largest market in the world for nutritional supplements. The current size of the market in Japan for nutritional supplements is over 10 billion annually. Per capita consumption of dietary supplements by Japanese consumers is still only about one-sixth the level in the United States so the potential for continued growth in this market is enormous, especially as Japan\'s aging population turns increasingly to preventive nutritional and health care. In addition, the Japanese government recently implemented a healthcare system reform.
In terms of financial and economic forces, Japan is a prosperous country with the world’s second largest economy. Japan’s consumers are rich and sophisticated in their tastes and interests. The GDP is 4.6 trillion and GDP per capita is 36,500 (USD)The average Japanese household has in excess of 100,000 in savings and a disposable income of $4100 per month. The inflation rate is 0% and the BOP surplus is in excess 80 billion dollars.
Politically, Japan is a prosperous and stable democracy which makes it a favorable choice for export. The U.S. is one of the top exporters to Japan.
The are few formal barriers on imported goods in Japan and the tariff rates are among the lowest in the world. There are some non tariff barriers such as:
Companies may have to demonstrate prior experience in Japan
Regulations that favor domestically produced products and discriminate against foreign products
Licensing powers in the hands of industry associations
Interconnected business interest among Japanese companies that create disadvantages to suppliers outside the business group
Formal and informal cartels
The cultural importance of personal relationships in Japan
Many of Japans trading partners have...
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