JAPAN

Background

• Native Inhabitants: Japanese

• Language: Japanese

• Independence (660b.c.)

Tokyo

The Japanese desire for power

History of Japan

Government

• Constitutional Monarchy with a Parliamentary Government.

• 2 Legislative Houses (House of Counselors, House of Representatives)

• Head of Government: Prime Minister

Japanese Yen

• The national currency of Japan

Bank of Japan (B.O.J.)

• The Central Bank of Japan

Geography

• Western Asia, Island Chain between North Pacific Ocean and the Sea of Japan, East of Korean Peninsula

Land

Natural Resources– Rice, Fish

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Electronics

• 27% of Global electronics production

People

• Language: Japanese• Population: • 127,463,611• Age Structure:

– 0-14 years: 14.2%– 15-64 years :65.7%– 65 years +: 20%

– GDP: $28,700

• Population growth rate: 2%(2,549,272)

• Life Expectancy: 81 years

Etiquette• Not a society where there is

physical contact between one another.

• The equivalent to the hand shake is to Bow.

Bowing

• The common Greeting in Japan

• In formal/professional situations the you respect your elders/superiors by bowing lower than them.

Business Attire

• Similar Attire to US.• Business Attire,

Conservative

Business

• Normal Business Hours (Monday-Friday) : 9:00 am-5:00 pm

(Saturday): 9:00am-12:30pm

Government Offices (M-F):

10:00am-5:00pmBank Hours (M-F)9:00am-3:00pm

Department Stores (daily, except for one day closed usually Wednesday or Thursday)

10:00am-6:00pm• Normal lunch

break:12:00pm-1:00pm

Foreign Direct Investment

Religion

• No Official Religion

• There is Syncretism: The incorporations of many religious beliefs into everyday life

Education

• 90% of student attend high school

• 2.5 million students attend a university or college

• Literacy Rate 99%

Holidays

•The Public Holiday Law (1948)is what establishes the occasions that are recognized in Japan as a legal holiday

Unions

• Three Tiered Structure

National Centers

Trade Unions

Enterprise Unions

Economy

Labor

Interest Rates

TRADE

International Business

• Export Partners:• US 22.9%, China

13.4%, South Korea 7.8%, Taiwan 7.3%, Hong Kong 6.1%

• Import Partners: • China 21%, US 12.7%,

Saudi Arabia 5.5%, UAE 4.9%, Australia 4.7%, South Korea 4.7%, Indonesia 4%

Automobile industry

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Japan has truly entered the automobile market with a boom, in luxury and suv/truck sales taking off. Japan is the world's second largest automobile manufacturer and exporter, after the United States. Japan has six of the world's ten largest automobile manufacturers.

Imports

• Machinery and equipment, fuels, foodstuffs, chemicals, textiles, raw materials

• $524.1 billion f.o.b.

Steel and Iron

• A leading industry in Japan.

• Critical to economic growth in the 1950’s.

Exports

• transport equipment, motor vehicles, semiconductors, electrical machinery, chemicals

• $590.3 billion.

Business

Negotiations

• Quiet

• Calm

• In Direct

• Non Confrontational

• Conservative

Contract’s

Property

• Registering

• Availability

• Size

Credit

Disclosure Index

CDICommitment to Development

Sources

• Center for Global Development

• Google• YAHOO!• YAHOO! Finance• CIA Fact book• Nation Master• Kiss, Bow, Shake

Hands

• Encyclopedia Britannica Online