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Improve business environment to drive inward FDI

  • Building a truly business-friendly environment to achieve sustainable growth
  • Welcoming highly skilled foreign professionals from all around the world

Building a truly business-friendly environment to stimulate growth requires drastic reforms in Japan’s corporate culture.

This “growth” is meaningless without its sustainability. Thus it is crucial to continue reforms in corporate governance to urge companies to improve dialogue with investors.

Building a truly business-friendly environment to achieve sustainable growth

CORPORATE GOVERNANCE

CORPORATE GOVERNANCE

Strengthen investor confidence through transparency

  • Drew up a Corporate Governance Code1, to promote transparent, fair, timely and decisive decision-making by listed companies
  • Formulated a Stewardship Code2, to promote constructive engagement, or purposeful dialogue between institutional investors and investee companies
  • Eliminate overlaps in the disclosure rules and expedite provision of information (relevant documents) to shareholders by electronic transfer
    CORPORATE GOVERNANCE
flagAchievements
  • Corporate Governance Code
    • Applied to more than 2,000 companies
    • Percentage of listed companies with two or more independent outside directors rose from 17% to88%
    • Cross-shareholdings in FY2016 have been reduced to 15% of all companies
  • Stewardship Code
    • Accepted by more than 200 institutional investors
  • 1Source: “Japan’s Corporate Governance Code” Tokyo Stock Exchange; June 1, 2015
  • 2Source: “Principles for Responsible Institutional Investors” The Council of Experts on the Stewardship Code; May 29, 2017

CORPORATE TAX REDUCTION

CORPORATE TAX REDUCTION

Reform corporate tax to be growth-oriented

  • Reduce corporate tax rate below 30% mark in FY2016
    CORPORATE TAX REDUCTION Source: Ministry of Finance Japan
  • Reduce property tax for SMEs from FY2016 to FY2018
flagAchievements
  • Annual corporate tax revenue increased by close to 7 trillion yen compared to the previous administration, despite the reduced corporate tax rate

Welcoming highly skilled foreign professionals from all around the world

LIFESTYLE SUPPORT

LIFESTYLE SUPPORT

More information: https://www.japan.go.jp/livinginjapan

  • Conduct “fast track visa screenings” for highly skilled professionals within 10 days
  • Expedite permanent residency after a year of arriving, under certain conditions
    • “Japanese Green Card for Highly Skilled Foreign Professionals”
  • Increase bilingual healthcare professionals and educational support
livinginjapan
flagAchievements
  • Since May 2015, the number of highly-skilled foreign professionals increased by97%

    (As of December 2016)
    Source: Ministry of Justice:
    “Number of Recognitions of Highly Skilled Professionals”

BUSINESS SUPPORT

BUSINESS SUPPORT

More information: https://www.jetro.go.jp/en/invest

  • Optimize administration process
    • Reduce administrative costs by 20% by 2020 in areas that are considered to have the heaviest burdens such as “business approval and licenses” and “social insurance”
    • Consolidate scattered registration outlets for different documents into one convenient outlet (e.g.) Tokyo One-Stop Business Establishment Center
  • Host FDI seminars to disseminate FDI information
  • Support the matching of foreign companies with domestic SMEs by utilizing the J-GoodTech website: http://jgoodtech.smrj.go.jp
flagAchievements
  • 6,239
    cases completed
    at the Tokyo One-Stop Business Establishment Center (as of Sept 2017)
  • Net amount of inward foreign direct investment (FDI) in 2016 marked a record high of 27.8 trillion yen
    BUSINESS SUPPORT

Come and visit Japan!

SHORTER TRAVEL TIME TO DOWNTOWN TOKYO

In addition to Narita International Airport, Tokyo is served by the more centrally located Haneda International Airport. Providing domestic connections to 50 cities, Haneda is now offering a wider choice of international routes.

SHORTER TRAVEL TIME TO DOWNTOWN TOKYO

ACCOMMODATION FOR LESS

ACCOMMODATION FOR LESS

The Hotels.com Hotel Price Index (2015) shows that Tokyo has a lower average price point compared to other iconic cities

2015 USD Yearly average currency exchange rate:
1GBP = 0.681USD; 1EUR = 0.937USD;
1JPY = 125.911USD

SHOP FOR LESS

Japan is not that expensive anymore. In fact, The Economist’s Big Mac Index—a broad indicator of price points—ranks Japan 34th out of 56 countries. (Jan 2017) (USD)

SHOP FOR LESS

TOP DESTINATION FOR FINE DINING

According to The Michelin Guide (2017), Tokyo has the most Michelin-starred restaurants globally.

TOP DESTINATION FOR FINE DINING

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Improve business environment to drive inward FDI

  • Building a truly business-friendly environment to achieve sustainable growth
  • Welcoming highly skilled foreign professionals from all around the world

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Improve business environment to drive inward FDI