Question

1. What is the ease of doing business in Japan? Support your answer with research. I need to write a 2 paragraph sentence about the ease of doing business.

Answer 1

Japan is considered as third largest economy in the world. It is also referred as one among the developed nations in the world. It is the second largest developed economy. Its purchasing parity power stands fourth in the world level. On discussing the view on business sector in the Japan, The Electronic based industries occupies the prominent position. Many innovative technologies greatly excelled many industries to grew well by earning foreign exchange reserves through exports. Thus it is widely uses advantages of strong balance of payments.

Japan has tough competition with Korea and China. In order to overcome the business competition, Many automobile industries are set up and modernized with innovative techniques. Japan government allocates huge funds for the infrastructure facilities inside the country. Such preference for infrastructure facilities urges many business ventures to use them as a supporting factor to improve the quality and standards of the production of their own goods and services. Let us discuss the advantages of doing business in Japan by using the review of above important facts about Japan.

Japan is the land of industrial sectors which are greatly influenced by the application of new strategies in the production of goods and services. Any new firms can enter in to the market of Finance, Pharmaceuticals, electronics and Computers due to its business economies of scale facilities provided by the Japanese Government. Recently it is observed that usage of Robotics widely helping all business firms to do carry-out their day to day activities. Such usage of Robotics will help to minimize the cost of production in production procedures. In order to encourage the private investment, Abenomics policy was introduced by the then Japanese Government in 2012. Abenomics policy was implemented by Shinzo Abe in 2012. He was the then Prime Minister So such economic policy was named as Abenomics policy in order to reflect his name in the name of the policy. The policy actually started the initiative in regulating the monetary policy and fiscal policy which favored the business environment for its smooth activities. Communication development strategy is the important factor which influences the ease of doing business in Japan.