Encourage business and investment
Continuity makes a difference. Corporate tax reduction has been one of the key reforms that have progressed since the early stages of Abenomics, and one which will be continue to advance.
Corporate governance and the stewardship code also urges companies to improve dialogue with investors for continued growth and investment, thus making the economy more robust.
CORPORATE TAX REFORMS
- Effective corporate tax rate reductions
Reduced the effective corporate tax rate below the 30% mark in FY2016
- Property tax reduction for SMEs
Halve the properly tax for facilities improving productivity invested by SMEs from FY2016 to FY2018
- Japan’s Stewardship Code
Accepted by 214 institutional investors*1
- Japan’s Corporate Governance Code
Applied to more than 2,000 companies and as a result;*2
・Half of major companies reduced cross-shareholdings in FY2015*3
・Percentage of listed companies*4 with external directors rose to nearly 100%*5
- Efficient disclosure and provision of information
Eliminate overlaps in the disclosure rules*6 and expedite provision of information (relevant documents) to shareholders by electronic transfer
- Since December 2016
- Since June 2015
- Source: Nikkei Research
- Companies listed on the First Section of the Tokyo Stock Exchange
- Tokyo Stock Exchange: “Appointment of Independent Directors by TSE-listed Companies”
- Provided by the Companies Act, the Financial Instruments and Exchange Act, and stock exchange listing rules, etc.
Drive inward FDI
Openness is an integral factor to maintain looking forward. And our vision to become the most business-friendly country in the world extends to both a business and societal level, as seen in the Policy Package for Promoting FDI into Japan to Make Japan a Global Hub, which was announced in May 2016.
Come & Try 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.
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)
TOP DESTINATION FOR FINE DINING
According to The Michelin Guide (2017), Tokyo has the most Michelin-starred restaurants globally.
An Ever-Growing Economy
Through the implementation of Abenomics, the Japanese economy is recovering and opening up
A Sophisticated Market
Japan’s market is both large and sophisticated, ranking third in the world for GDP, and provides huge opportunities and potential for business
An Innovation Hub
An abundant talent pool, good track record in patents and an outstanding research environment enable Japan to stay ahead in the technology industry and scientific research
A Business-Friendly Infrastructure
Convenient transportation, low-cost office rents and access to quality suppliers positions Japan as one of the most sophisticated business environments
A Comfortable Living Environment
A well-developed health industry and social stability make Japan a world-class livable city
PR ACTIVITIES ENHANCEMENT
- Disseminate information through approximately 163 FDI seminars during FY 2016
- Support domestic SMEs to engage in business matching opportunities with foreign counterparts, by utilizing a designated website, J-Good Tech: http://jgoodtech.smrj.go.jp/
- Promote large-scale hub establishments in regional areas, with supplemental training for regional government officials and financial support for industry-academia collaboration
- Relax regulations and improve administrative procedures as seen in the case of the Tokyo One-Stop Business Establishment Center
- 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”
- Attract and foster globally competitive human resources with the ”Japanese Green Card for Highly Skilled Foreign Professionals”
- Improve the living environment for foreign nationals, through measures such as the increase of bilingual healthcare professionals and educational support
Invest in Japan: “IoT”