Are you looking at expanding your business to international locations? If so, you ought to know that Japan is one of the premier destinations for business travelers these days. While the Japanese economy has not totally escaped unscathed from the worldwide crisis or natural disasters, it continues to stay strong.
In fact, Japan is still considered one of the major business portals in the world, and countless businessmen head on over to this east Asian country; primarily because there are so many corporations and business entities in Japan that play a large role in the global business picture. Japan also holds the distinction of being in the top 10 list of the Global Competitiveness Report. In Asia, Japan holds the number 2 spot, second only to Singapore- owing to such globally recognized business brands as Ajinomoto.
This report has been published annually by the World Economic Forum since 1979. Since then, it has become one of the most reliable indicators of a nation’s economic stability and strength. According to Wikipedia, the report “assesses the ability of countries to provide high levels of prosperity to their citizens. This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.”
In the latest report, dated 2008, Japan holds the number 9 spot. Some of the variables that the report takes into consideration include public institutions (ethics and corruption, security, etc.), private institutions (corporate ethics and accountability), infrastructure (quality, development, etc.), and market efficiency (competition, size, and so on).
If you do decide to take a look at Japan for business expansion, you will not have to worry about accommodations and transportation – these are among the strengths of the country’s infrastructure. Despite the idea that the cost of living in Japan is quite high, you can actually find low cost business accommodations.
Originally posted on October 21, 2011 @ 11:54 am
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