Event report
Past Event | Breakfast talk: Doing Business in Japan
Thank you to our esteemed speakers Jeff Ng, Director, Head of Asia Macro Strategy at Sumitomo Mitsui Banking Corporation (SMBC), Lionel Vincent, Managing Partner Tokyo Office at Lefèvre Pelletier & associés, Avocats (LPA), Hélène Burger, Head of International Cooperation & Sustainability APAC at Airbus and Nicolas Bonnardel, General Manager of the French CCI in Japan for facilitating this panel discussion exploring the opportunities and practical considerations of doing business in Japan.
Here are the key takeaways from the discussion:
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Asia Macro Strategy: the speakers discussed the uncertainty and trade diversion, the impact of US "America First" policies, and the implications for global trade and inflation.
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Japan's Business Environment: Japan has a reliable legal system, stable tax regulations, good infrastructure, dynamic market and a qualified workforce, making it an attractive destination for foreign direct investment.
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Market Opportunities: there are significant opportunities in various sectors such as consumer goods, aerospace, automotive, energy, healthcare, and technology. Japan's high purchasing power and demand for high-quality products further enhance its market potential.
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Cultural Considerations: the importance of patience, punctuality and perseverance has been stressed when doing business in Japan. Building trust and maintaining a good reputation are crucial. While there are some barriers, such as cultural differences, regulatory complexities, and high transportation costs, these can be managed with the right approach and understanding of the market.
Overall, Japan is a stable and profitable market with strong quality requirements, making it a strategic gateway to the broader Asian region. Foreign companies that can navigate the cultural and regulatory landscape stand to benefit significantly from Japan's dynamic and high-potential market.
For more information on the Breakfast talk, please feel free to contact Alexia Duvernoy: aduvernoy(@)fccsingapore.com
