Investing in Japan Speech by Shuichi Hirano Managing Director, JETRO Sydney Copyright (C) 2015 JETRO. All rights reserved.
Australian companies in Japan 2 Copyright (C) 2015 JETRO. All rights reserved. 2
The Attractiveness of Japan 1. Large and sophisticated markets 3 Copyright (C) 2015 JETRO. All rights reserved. 3
1. Large and sophisticated markets International comparison of Japanese regional gross production (nominal, FY2011)(Unit: $1billion) Source: Cabinet Office, Report on Prefectural Accounts 2011" (FY2014) Copyright (C) 2015 JETRO. All rights reserved. 4 4
The Attractiveness of Japan 1. Large and sophisticated markets 2. Technological innovation hub 5 Copyright (C) 2015 JETRO. All rights reserved. 5
Rank 2. Technological innovation hub World class research funding and number of researchers Research funding by country and percentage of GDP (G8 comparison) Country Research funding ($100 million) Percentage of GDP (%) 1 Japan 1,767 3.75 2 Germany 1,022 2.98 3 U.S. 4,535 2.79 Number of researchers per 10,000 people (G8 comparison) Rank Country Number of researchers (unit: 10,000) Number of researchers per 10,000 people 1 Japan 66.0 52.0 2 Canada 15.7 45.6 3 Germany 34.8 42.5 4 France 554 2.29 5 U.K. 391 1.73 6 Canada 248 1.69 7 Italy 263 1.27 8 Russia 379 1.12 4 U.S. 125.3 40.2 5 U.K. 25.3 39.7 6 France 24.9 38.3 7 Russia 44.3 31.0 8 Italy 11.1 18.2 Source: Created from Ministry of Internal Affairs and Communication, Survey Result on Science and Technology Research 2014 Data Source:OECD Main Science and Technology Indicators, etc. Copyright (C) 2015 JETRO. All rights reserved. 6
The Attractiveness of Japan 1. Large and sophisticated markets 3. Growing tourism sector 7 Copyright (C) 2015 JETRO. All rights reserved. 7
Thousand People 16,000 14,000 3. Growing tourism sector Foreign Visitors to Japan(2003-2014) The number of foreign visitors to Japan in 2014 was 13.41 million. 30% increase from the previous year Total 13,413 12,000 10,000 10,364 Others 8,000 6,000 6,219 8,358 Singapore Hong Kong Taiwan China 4,000 2,000 2,513 3,515 4,460 6,393 0 2011 2012 2013 2014 Source: Japan National Tourism Organization(JNTO) Copyright (C) 2015 JETRO. All rights reserved. 8
Making Japan the most business friendly country in the world Reduction of the corporate tax rate A tax rate in the 20s within the next few years Copyright (C) 2015 JETRO. All rights reserved. 9
Making Japan the most business friendly country in the world Japan s Business Cost Tokyo Rent Office Rent (Monthly) (per sq.m) Singapore Shanghai Seoul Hong Kong 0 20 40 60 80 100 120 2,000 Housing rent for expatriates 1,000 (Monthly) 0 Seoul Hong Kong Shanghai Tokyo (USD) Singapore 0 1,000 2,000 3,000 4,000 5,000 (USD) (USD) 6,000 5,000 4,000 3,000 Section Manager Salary (Monthly) Non Manufacturers Section Manager Tokyo Shanghai Hong Kong Seoul Singapore Copyright (C) 2015 JETRO. All rights reserved. 10
Talk to JETRO First! JETRO s Overseas and Domestic Network 76 Overseas Offices 44 Domestic Offices Copyright (C) 2015 JETRO. All rights reserved. 11
Investment projects supported by JETRO (2003~2014) Supported Talk to JETRO First! over 12,000 projects 1,245 Australia: 44 companies Foreign companies startups Australia 3.5% Asia 31% Pacific 0.5% Europe 31% Middle East Central and and Africa South America 1% 1% North America 32% Copyright (C) 2015 JETRO. All rights reserved. 12
JETRO s inward FDI promotion activities Talk to JETRO First! Invest Japan Business Support Center (IBSC) Consultation service Specialists give advises about how to start up business in Japan Legal advise Business cost Market regulations Business culture Human resources Real estate Private office space Temporary offices Temporary offices in 6 major Japanese cities are available for free of charge for 2 month Consultation Conference room Copyright (C) 2015 JETRO. All rights reserved. 13
Talk to JETRO First! Tokyo Business Establishment One-Stop Center (Opened on Apr. 1 st 2015) Company Registration National and Metropolitan Tax Immigration Employment Insurance Labor Insurance Health and Pension Insurance TOBEC Opening Ceremony on March 31, 2015 Attended: Prime Minister Abe Mr. Masuzoe, Governor of Tokyo Mr. Ishiba, Minister of State for Special Missions Mr. Ishige, Chairman and CEO of JETRO Copyright (C) 2015 JETRO. All rights reserved. 14
Talk to JETRO First! Copyright (C) 2015 JETRO. All rights reserved. 15