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Doing Business in Japan: How to Meet the Challenges : : - Coggle Diagram
Doing Business in Japan: How to Meet the Challenges : :
Consider the Opportunities
of Doing Business in Japan:
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The top exported goods, in order, are:
Civilian aircraft
Engines
Equipment and parts
Medical equipment
Pharmaceutical preparation
Meat and poultry
Corn
Japan shows no signs of slowing down its technological advancements. It has evolved to handle advanced manufacturing, cybersecurity and ecommerce processes.
Many famous trade shows occur in Japan.
Cosmetics
GPS services
International wood fair
Toiletries
B2B technologies
Smartphones
Robotics
International trade
Business in Japan: Learn About the Geographic Regions and Their Individual Characteristics:
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Tokyo
As the capital of Japan, Tokyo is the epicenter of the country’s financial services district.
The Port of Tokyo is an international trade center and is open to international trade. It is also considered one of the best cities to visit for business and recreation, so the tourist industry here is thriving.
Osaka
is a prime location for high-tech startups in Japanese. If you are interested in starting a business in Japan in an area known for technological advancement, this is the location.
Kyoto
Another Japanese city to consider for starting a business in Japan is Kyoto. It is a hub for international research and is home to some of the largest video game manufacturers in the world. The city’s fondness for cultural traditions also makes arts and crafts an important aspect of its local economy.
Understanding Business Culture in Japan:
The Japanese often have a “work hard, play hard” approach to business. Standard office hours in Japan are 9 a.m. to 5 p.m. Monday to Friday, but some are open on the weekends.
Communication in the business setting
may be different than what are used to.
The Japanese may speak with greater subtlety.
The Japanese tend to pay attention to detail, so it is important that your communications and interactions are completed in a professional manner.
Understanding Etiquette For Doing Business in Japan:
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Maintaining eye contact throughout a long conversation in Japan can sometimes be perceived as confrontational.
Providing a gift during a business
meeting is traditional and encouraged.
It is considered impolite in some businesses, homes and restaurants to wear shoes while in the structure.
Japanese etiquette is that it is considered rude to snap a picture of someone without their permission.
Negotiating Business Deals in Japan:
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Remember that the Japanese are more reserved, so you will want to modify your expressions to match your audience. Also, do not take it personally if your audience has a blank face as this is common.
After you have made your pitch, wait for a response. Do not attempt to fill the silence. This is the time during which the audience will be considering what you have said and seeing how your statements match their values.
Business deals may not be fast-paced in Japan.
Try to be patient as you work through this process.
Connecting in and out of Japan
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Each carrier operates its own individual network. Find out where you will be traveling and what network covers your area before purchasing a SIM. You can opt to rent a phone and SIM if you would like.
When making calls outside Japan and from the United States, you will dial 011 and then Japan’s country code, 81. Then, dial the area code and phone number. Area codes vary by city.
Free Wifi is available in most public places, including airports, hotels and cafes.
Paying for Things:
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Japan’s monetary unit is Yen, which is often abbreviated JPY. The U.S. dollar is not typically accepted here. Many merchants only accept cash in Japan.
Japanese Holidays:
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New Year’s Day – Jan 1
Coming of Age Day – Jan 8
National Foundation Day – Feb 11
Vernal Equinox Day – March 20 or 21
Golden Week Holidays – April 30 to May 5
Marine Day – 3rd Monday of July
Mountain Day – Aug 11
Respect for the Aged Day – 3rd Monday of September
Autumnal Equinox Day – Sept 23 or 24
Health and Sports Day – 2nd Monday of October
National Culture Day – Nov 3
Labor Thanksgiving Day – Nov 23
Emperor’s Birthday – Dec 24