Japan 's International Business Environment Essay

How effectively do Canadian businesses and government engage together to promote a shared vision and agenda in the global business environment? Do Canadians strike an effective balance between private sector pursuit of global business and public sector support and enablement?

An active APEC (Asia Pacific Economic Corporation) member, Japan is the second most dominant world economic power. Being a world power endows it to having an influential role in not only in regional affairs but also global.

The Zaibatsu, which is a combination of the top grossing companies in Japan and have many connections in the government and court system that give them a substantial amount of power. Lastly, Japan’s resources are very limited because only 12% of its land is fertile, and they must import 80% of its energy to them. Socially, Japan’s ageing population is another reason why the economy has become stagnate. The ageing population will eventually cause labor shortages that Japan cannot replace.

Japan, as known today, is a world powerhouse in technology and innovation. It currently ranks third in GDP, bringing in over $4.9 trillion dollars per year. However, this has not always been the case. Japan is well known for its period of “Sakoku,” a Japanese word literally meaning “closed country.” From 1600-1850s, that is indeed what Japan was; Japanese citizens were not allowed to leave the country and no foreigners were allowed to enter. The country was completely isolated from the rest of the world, even in regards to trade. This was changed in 1854 by Commander Matthew Perry and his Navy squadron. With the Kanagawa Treaty, Perry ended Japan’s period of isolationism and pushed them into their future as a world power.

The United States of America is one of the world leading economic powers in the world. The question is, how does the Unites States compare to other nation powers.Australia ,Cananda , China and Britain are just a few of the nation powers that can compare to the United states. This report will focus more one of the main rivials to the United States and that is Japan. Here is just a sample of Japans Numbers for 2004 compared to the United States. Unite States GDP growth is 4.30% ,unemployment is 5.60% and Inflation Rate is 1.90%. In Japan the GDP growth is 4.50% , unemployment is 4.60% and Inflation Rate is -.04%. . I think this is an important perspective because we really do live in a global

WWII crushed Japan (simply recall that regardless they are the main nation on the planet to have at any point been focus to not 1, but rather 2 atomic bombs). The Japanese Emperor was compelled to surrender to the partners (which was an incredible embarrassment in their way of life) and to surrender his God-like status. Likewise, the US possessed Japan quite a while after the war and modernized it much more, maybe it would be more precise to state that the US westernized it. According to Lau (2014) the Japanese-American internment amid World War II is one such purpose of inconvenience in United States history. The individual chronicles and internees' declarations epitomize the real part that social memory played in realizing an expression of

Japan’s unemployment rate of about 4% opposed to the U.S. unemployment rate of close to 10%. Even the financial debt to GDP ration is an advantage, and debt in the private sector has not increased unlike the U.S. and European countries, (Time, 2009). In addition, since Japan is a huge exporter and with the U.S. demand going downward, the international balances and growth declined especially as the dollar value dropped and the yen surged. •

Which is cost difference determines the patterns of international trade. Absolute advantage is trade benefits when each country is at least cost producer of one of the goods being traded. In the 1800s, David Ricardo developed the theory of comparative advantage to measure gains from trades. This theory is based on comparative advantage and it states each nation should specialize in production of those goods for which its relatively more efficient with a lower opportunity cost.

While many of the world’s economic powers seem similar, there is no doubt there are some very key differences. Many of these differences can be attributed to cultural differences within each of the countries. While many of these countries work together in global business efforts, cultural differences would certainly have a significant impact on management style, leadership and even work ethic of the employees. The United States and Japan are both strong economic powers that hold to a capitalistic economic system. Their management styles, however, are very different. This can often be explained through the differences in culture and management or leadership styles. Over the years, the two

How effectively do Canadian businesses and government engage together to promote a shared vision and agenda in the global business environment?

One of the most important facets for a successful business in the twenty-first century is how it communicates with their customers, partners, suppliers and governments from different countries and cultures from around the world. For a business to operate with any modicum of success in Japan, you must possess a basic understand of how their society functions. As a result of learning about the geography, climate, history, religion, cultural rituals, politics, education system, and the role of the family; it will allow a business or business person the insight needed to understand how society functions and the method in which business is conducted.

The Japanese economy, the 2nd largest in the world, accounts for 7.1% Global World GDP, at US$4.6 triliion and a per capita income of approximately US$33,550 (World Bank 2006). As a result of globalisation, literacy levels are at 99% and the general living standards of the

Chapter 8: International Strategy ---- P&G Japan: The SK-II Globalization Project (written by Christopher A. Bartlett)

Japan ranks as the third largest economy in the world as of 2010. The GDP at current prices in US dollars in Japan was reported at 5068.06 billion in 2009, according to the International Monetary Fund (IMF). Japan’s resurgence after World War II has however reached an inflection point in yearly 1989 after the burst of Japan’s asset price and real estate bubbles. As can be seen from the graph below, Japan’s GDP has hovered around the same level through more than 20 years of economic stagnation. The GDP’s slow growth has been exacerbated by the world financial crisis of 2008. A major landmark of Japan’s stagnation has been the BOJ’s fight against deflation.

Japan has a relatively stable political and legal environment which reduces the risks associated with entering the foreign market. The political system is a democratic system, with a Westminster form of government similar to Australia, which is favourable for western cultures when conducting international business. The legal environment on the other hand, is built on the foundations of the European Civil Law system with an English-American influence. Therefore Australian businesses must understand the differences when conducting business to ensure the