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Japan - Coggle Diagram
Japan
Basic Information
Religion
Mainly Shinto (approximately 80%) and Buddhism (nearly equal to Shinto), which are often practiced simultaneously
Population
124,687,293 people
Geography
A string of islands in East Asia
In the volcanic zone in the Pacific deeps (frequent low-intensity earth tremors and sometimes volcanic activity)
Closest countries: Russia, North Korea, South Korea, China
Mountainous (highest mountain is Mount Fuji)
Climate is mainly humid subtropical
Land area: Around 364,485 square km
Language
Japanese
Currency
Japanese Yen
¥1 Yen = $0.011 CAD
Culture
Manners
Bow to greet
Small nod for casual/informal, deep bow to indicate respect
Shaking hands is uncommon
Remove shoes when entering homes, some inns, temples, castles, etc.
Restaurant
Mix of Western-style and low traditional tables
where you sit on a pillow
Use chopsticks
Usually no tips
Food: sushi, sashimi, unagi, onigiri, ramen etc.
Gifts
Gift-giving is common
Do not use the number 4, as it is
pronounced the same as the word for "death"
Offer gifts with both hands to show respect
3 things that represent Japan
Kimono (traditional ethnic Japanese wear)
Mount Fuji
Cherry blossoms
First names follow family name
Trade
Agreements
U.S. - Japan Trade Agreement and U.S. - Japan Digital Trade Agreement
Japan and European Union EPA
(economic partnership agreement)
Japan, Australia, Canada, Mexico, New Zealand, Singapore, and Vietnam signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Entered EPAs with: Australia, Brunei, Chile, India, Indonesia, Malaysia, Mexico, Mongolia, Peru, Philippines, Singapore, Switzerland, Thailand, Vietnam, ASEAN (Association of Southeast Asian Nations)
Organizations
Member of the World Trade Organization
G20 (Group of Twenty)
Barriers
Regulations in place to protect domestically produced products
Unfamiliar market/products
Sometimes difficult to strike new business relationships (some sectors want the companies to have prior experience in Japan)
Benefits
High quality of goods
Increased variety of goods
No major controversies
Imports/Exports
Exports
Commodities: cars and vehicle parts, integrated circuits, personal appliances, ships
Major partners: United States 19%, China 18%, South Korea 6%, Taiwan 6%
Imports
Commodities: crude petroleum, natural gas, coal, integrated circuits, broadcasting equipment
Major partners
China 23%, United States 11%, Australia 6%
Balance of trade
Trade deficit or trade surplus?
Overall slightly more imports than exports but pretty much balanced ($799.52 billion imports vs $793.32 billion exports)