Country Presentation: Japanese Business and Economy.
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Country Presentation: Japanese Business and Economy
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Transcript of Country Presentation: Japanese Business and Economy.
Country Presentation:Japanese Business and Economy
Objective of this Presentation
Accurate Knowledge about Japanese Business
Gain International Aspect
Prepare for the Japan Trip
My Background
Ministry of Economy Trade and Industry (METI, former MITI) Overall economic policy
making, trade police, energy policy and industry policies
Areas I worked on: Reforming Corporate Rules
(Commercial Codes, Bankruptcy Codes, Tax, Accounting etc.)
Brand Valuation Model Promoting Venture Business,
PE and Turnaround Business
Q1 How much is GDP of Japan?(Hint: USA $11 trillion)
$10 trillion
$7 trillion
$4 trillion
$1 trillion
EU
China
Japan
Size of the Japanese Economy: Japanese economy composes of about 14% of the world economy.
USA, 33.0%
EU, 25.8%Japan, 13.6%
China, 3.8%
Other Countries,
23.8%
Downturn Japanese Economy in 1990’s -Structural Change in 1990’s-
-
100,000
200,000
300,000
400,000
500,000
600,000
1955
1958
1961
1964
1967
1970
1973
1976
1979
1982
1985
1988
1991
1994
1997
2000
2003
No
min
l GD
P (
bill
ion
yen
)
Burst of the Bubble Economy
Globalization (Especially Financial Market)
Traditional System
New System
Traditional Japanese System :
Long term and close relationship among Government, Banks, Companies and Employees
Government
Banks & Companies Employees
Short term relationship based on flexible financial market like US Economy.
Traditional Japanese System :GovernmentClose Relationship
(National Project, Regulation, “Amakudari”)
“Cross Shareholdings”
Employees / Individuals
Lifetime Employment Company Union(Few Industry-wide Union)
“Main” Bank
“Keiretsu”
Company A(Electronics)
Company B(Material)
Company C ・・・・(Automobile)
“So-go Shosha” Trading Company（ Distribution, Trade and Investment)
Changing System :
“So-go Shosha” Trading Company（ Distribution, Trade and Investment)
“Main” Bank
Company A(Electronics)
Company B(Material)
Company C ・・・・(Automobile)
Government
Employees / Individuals
Close Relationship (National Project, Regulation,
“Amakudari”) “Keiretsu”
“Cross Shareholdings”
Lifetime Employment Company Union(Few Industry-wide Union)
DeregulationNew Corporate LawsBankruptcy Laws Restructuring
Private Equity
Flexible Job Market
DirectFinancialMarket
Bad Loan Problem
