Why Start a Business in Japan?
Due to the increasing competition from China and South Korea, manufacturing in Japan today now focuses primarily on high-tech and precision goods, such as optical instruments, hybrid vehicles, and robotics. Japan’s economy is highly developed and it is indeed a market-oriented economy. It is the third largest in the world by nominal GDP and the fourth largest by purchasing power parity
(PPP). As a matter of fact, Japan is the world’s second largest developed economy and a member of the G7.A report released by the International Monetary Fund, shows that Japan’s per capita GDP (PPP) was at $36,200 (2022). Due to a volatile currency exchange rate, Japan’s GDP as measured in dollars fluctuates sharply. Accounting for these fluctuations through use of the AtlaS method, Japan is in 2023 estimated to have a GDP per capita of around $39,100.The Quarterly Tankan survey of business sentiment conducted by the Bank of Japan forecasts the Japanese economy. The Nikkei 225 presents the monthly report of top Blue chip (stock market) equities on Japan Exchange Group.Japan is third largest ranked among 190 economies of the globe when it comes to the ease of doing business, according to the latest World Bank annual ratings. This goes to show that Japan is an ideal destination when it comes to establishing a business especially in the technology sector
Start an ICT Consulting Business
Another business that can be started in Japan is an ICT consulting business. As an ICT consulting firm, your core responsibility is to improve your client’s business by effecting changes in response to your analysis; you should be able to change the fortune of the business within an agreed timeline.
Corporations are willing to pay expensive fees as long as they are going to get results. No business person will be willing to pay you for an IT consulting service if you don’t have a track record that shows that you know what you are doing.
3D Printing Company
The fact that Japan is one of the hotspots when it comes to technology globally means that starting a 3D printing company will most likely be a hit. If you run a 3D company, you will be involved in all aspects of 3D printing and rapid prototyping services such as 3D printing rapid prototyping, 3D printing support services, selective laser sintering (SLS), fused deposition modelling (FDM), stereo lithography (SLA) and other related 3D printing and rapid prototyping services. It is a business that is still green and highly profitable
Again, Japan is the world’s second largest IT market in the world. The country’s IT industry caters to a huge local and international market. So, there are huge opportunities for experts in anything related to information technology. If you have a solid background in information technology and have a knack for developing innovative solutions, then Japan is waiting to reward your expertise. Better yet, you can start a business that sells various IT solutions.
Open an Animation Studio
An animation studio is a company that is involved in the production of animated media. Such companies conceive of products to produce, own the physical equipment for production, employ operators for that equipment, and hold a major stake in the sales or rental of their animation works.
This type of business is not capital intensive and you can start the business from your savings and from your home office. If you are hardworking and you have the right network in place, you can generate your start-up capital from one business deal. One good thing about this type of business is that you can combine it with other business without over working yourself.
Security Camera Installation Business
In Japan and of course in loads of countries all around the world, you will notice that a banks, homes, offices, public facilities and government facilities have security cameras (CCTV) installed in strategic positions because in some cases it is made compulsory. This goes to show that there is indeed a large market for security camera installation business in Japan. The fact that security camera installation is a technical business, does not in any way rule out the fact that an entrepreneur with zero technical skills can learn the trade within few months if they are smart.
Start Cloud Computing Company
Another thriving business that an entrepreneur can start in Japan is cloud-computing business. Cloud
computing is an emerging paradigm computing concept that enables both information technology infrastructure and software to be delivered directly over the Internet as a service. This is an arrangement that enable companies to expand their network capacity, and run applications directly on a vendor’s network, offers a host of advantages with the most primary being radically lower
IT costs. The lower budgetary requirements and commitments allow even smaller companies to piece together an IT project without spending on purchasing legacy server, and storage systems.
Because more foreigners are becoming aware of the huge business opportunities in Japan, new
businesses by foreigners spring up daily. However, these businesses are usually faced with the challenge of adapting to the business climate in Japan and connecting well with customers. As a business consultant, you can help these businesses achieve their goals quickly by offering them expert advice on how to attract customers, increase sales, and thrive amid competition.
apan is one of the world’s largest e-commerce markets, characterized by the dominance of businessto-businesses (B2B) transactions, a growing focus on business-to-consumer (B2C) sales, and an emerging consumer-to-consumer (C2C) market. In particular, the B2C market has more than doubled
in size within the last decade
Export / Imports
Export Import Traditional Goods and household and wearing Items as per market demand also will provide consultancy for business and education opportunity.