Doing Business with Japanese - Research Paper Example

Both the political as well as business perspective will be discussed in this paper. Moving on to the trade perspective it is necessary to consider the FDI and the FII in Japan. In this section, some of the discussion will be on the structures of taxes in Japan. A section of the project will discuss the trade barriers within the country from the perspective of export and import. In order to start a business the most important thing is to analyze the market and therefore it is necessary to analyze the Japanese market.

The culture of the country along with the business etiquette cannot be ignored. The last section will summarize the whole project. Introduction The country selected for the discussion in the project is Japan. The country represents a constitutional monarchy. The Emperor does not enjoy much power. The judicial system of the country is mainly based on the civil law existing in Europe since the latter half of the 19th century. The country is a member of G8 and APEC. The country also participated in East Asia Summit.

It shares a good relationship with the United States. The country is a permanent member of the G4 nations in the Security Council. However, the country is engaged in several territorial disputes with countries like Russia, South Korea and China. The country emerged as one of the developed nations within the continent of Asia. The period of the 1960s to 1980s is referred to as the post-war economic miracle. After the asset price bubble, the growth level steadily decreased and the decade after the 1990s is referred to as the lost decade.

In order to make a successful entry into the Japanese market, the potential entrants will have to cut out clear budget control policies and a diversified growth strategy for at least half a decade. There are three secrets to the successful setting up of business in the country. The entrant needs to analyze the opportunities the services or the products the entrant will be offering in the market, a sustainable strategy that the entrant will be following and ensuring the returns on the spending made.

It is possible to taste success by doing business in Japan unless the strategies are not based on false assumptions. Some brands achieved great success just by making little changes in brand identity and applying some marketing techniques. The consumers of the country like detailing and so detailed printed materials are essential while setting up the business in the country. Therefore analysis of brand equity and setting up a corporate image is important to enter the Japanese market as well.

It is of utmost necessity to analyze the strategies of the already existing competitors effectively. The process of sales and the revenue model should be in line with the Japanese culture and the market. Setting up a new business is not expensive either if the cost structure is effectively determined. The Euro and the companies of the US can reap the benefits of the treaty between Japan and the US. Successful entry into the market will also enhance the valuation of the company as investors will perceive that a company that can taste success in the market of Japan can do so everywhere.

A risk of being dodged is associated while doing business in the country. The country achieved a good score in the indicators compiled by the World Bank for the year 2008. The estimates of the governance are usually distributed with zero means.