In the land of the rising sun, 127 million people live, of which 30 million live in the world’s largest metropolis – Tokyo. Following the dollar and euro, Japanese Yen is considered the third most traded currency in the world. With a turnover of 5 trillion dollars annually, Japan is ranked fourth globally.
The services sector is the largest in the country, mainly in the financial industry, followed by manufacturing, devoted primarily to electronic goods, machinery, and aerospace products, among the other sectors in which Japan is considered a leader in the robotics industry.
Japan’s stable economy and loyal customers make it a great place to invest for foreign investors. However, foreign businesses find the country challenging to enter the market correctly. Hence, Building a suitable business plan based on thorough market research can lead to a wealthy and profitable business. As in many countries, Japan also has a differential tax (gradual tax), but Japan has a huge difference between companies with small profit turnovers and those with large profit turnovers.