It may be surprising to many foreign companies. But, the fact of the matter is, that Japan is one of the most lucrative markets in the world. But maybe, the most difficult one as well. Let us face it. It is the third largest economy in the world. It has 127 million population. It is a quality conscious society. It can pay the right price for your products if they meet their standards.
Why Japan Is Ripe For International Business Matching Opportunities
Japan is one of the best markets in the world where you could reap enormous financial benefits. It honours its traditions to the fullest extent possible. Plus, it never compromises on quality. There are several factors behind it. However, we will list just a few of them below.
- Japan is an important member of the G-7 club and OECD
- It has a large, middle-class consumer base of 127 million
- It has a world-renown manufacturing base
- being the third largest economy in the world, it contributes 15% of the world GDP
- Many Japanese companies have a global presence thus exert significant impact on global markets
- It has one of the highest per-capita GDP income in the world
- Japanese companies have the know-how and technology vital to the growth of several dozen industries all over the world
- Japanese companies are easy to work with if you have the 'right' product and know how to do business with them
- The country is, perhaps. the most quality conscious in the world
- Due to structual changes in the Japanese economy, Japanese investors and companies are now keen to invest in the overseas markets
Keeping in view the above points, it should be clear by now, that the country has a lot to offer to potential entrants into the Japanese market.
There are various dimensions to the market entry strategy in Japan. In the coming blog posts, we plan to highlight many of them so that our members could get advantage of the useful information to be provided by us. Please stay tuned to get the latest and greatest on the right Japanese market entry strategy for your company. We can answer questions you may have regarding the Japanese market.