International Political Economy of Japan: Business, Market, Financial, Ethical, Cultural and Legal Systems

INTERNATIONAL POLITICAL
ECONOMY
JAPAN

Introduction
 Japan ‘s economic and political importance in Asia cannot be
ignored. For most people, Japan is the land of the Rising sun.
 Noteworthy, Japan is considered the world’s fourth largest exporter
having shipped good worth 698.2bn(Usd) in the year
2017(Workman,2017)
 Japan export 4.4% of international export.
 Export valued at 15.952 trillion in Us Dollars.
 Japan is considered among the largest economies of the world thus
its importance to international trade.

Political Climate and Effects on
international business Japan’s [political economy is regulated by its government .
 The regulation of Japan's economy is through the licensing, permit and taxation requirements.
Licensing, permit and taxation requirements affect Trade.
 Ministries have issued administrative guidelines and directives in various industries.
Japan Bureaucracy extends to reputable international organizations on international
trade(Globaltrade.net,2011)
 Currently, there is low government involvement as compared to a decade ago.
 Japan’s political bureaucracy fully supports international trade because:
most foreign transactions such as profit transfer, royalties, dividends are
allowed
 Japan’s government has created an enabling international business environment
through the existing infrastructure such as transport and telecommunication
facilities.
 Domestic support to its struggling industries .i.e. Agriculture.
 Japanese political stability has strengthened its free economy(Heritage.Org,2017)