JAPAN

STEEPLE ANALYSIS

BY Group-1A
Aarohi Sharan(130001)
Amarjeet Kumar(130009)
Ekta Choudhary(130017)
Md Waseem(130024)
Shubhangi Prakash(130040)
Vivekanand Ray(130048)
 Contents
▸ Introduction
▸ Forex Act
▸ Steeple Analysis
▸ Reference
▸ Conclusion
Introduction
● Japan is often called the ‘land of the rising sun’.
● It’s industrialized, free market economy is the second-
largest in the world.
● Its economy is highly efficient and competitive in
areas linked to international trade.
● It is ranked 29 in the ease of doing business, according
to the 2019 World Bank annual ratings.
● There are 53 Japanese companies in the Fortune
Global 500, 2020 list.
● Among which Toyota, Honda, Mitsubishi, Japan Post
Holdings, Nippon Telegraph and Telephone, Itochu,
Nissan and Softbank Group were in the top 100.
 Forex Act
▸ It was founded in 1949.
▸ It is known as Foreign exchange and foreign Trade Act.
▸ The purpose of this act is to regulates foreign direct
investment.
▸ There are 9 chapters under this Act.
▸ Foreign Trade chapter is one of the important chapter among
this Act.
▸ Foreign Trade chapter consists of 8 articles( article 47 to 54).
 Cont.…
▸ Article 52 　 For the purpose of achieving the sound development of
foreign trade and the national economy, sincerely fulfilling obligations
under the treaties and other international agreements Japan has signed,
making Japan's contribution to international efforts for achieving
international peace, or implementing a cabinet decision set forth in
Article 10, paragraph 1, any person who intends to import goods may
be obliged to obtain import approval pursuant to the provisions of
Cabinet Order.
Social Factor
● Population-12,71,03,388 people.
● Median age population- 46.1 years.
● 33% of population are above the age
of 60 years.
● People of Japan are good in
mathematics and science.

● Ethnic group:- Japanese- 98.5%

Korean - 0.5%
Chinese - 0.4%
Others - 0.6%
Cont…
Technological Factor
● Japan is one of the most technologically advanced countries in
world. 
● The Japanese are well-known as extremely creative in searching out
and learning to use modern technologies.
● Japan has one of the most advanced telecommunications systems,
particularly with their mobile devices.
● They’ve also developed VoIP (Voice over Internet Protocol) growth
and other technological advancements. In fact, many key facilities in
Japan, such as hospitals, airports, and restaurants, use automation
systems. 
● They also have stronger robotic development compared to other
countries.
Economic Factor
● Currency- Japanese yen.
● One US dollar = 110 Japanese yen.
● Unemployment rate- 2.29%
● Current inflation rate- 0.3%
● The world’s third largest economy with $4.9trillion nominal GDP.
● Fourth largest purchasing power parity.
● 2nd largest developed economy.
● 28th highest per capita income
Cont.…
Cont.…
Environmental Factor
● Japan is one of the countries , most affected by calamities and
natural disasters. Tsunamis, floods, earthquakes, mudslides,
cyclones and volcanic eruptions hit japan from time to time.
● Japan is a less popular tourist destinations because of natural
disasters, high-cost and language barriers.
● A large populations of japan is connected in and around , Tokyo
because much of the island is overrun by mountain and forest.
● Waste management is one of the biggest environment issues in
japan. Japan, they are under pressure to minimize waste and control
environmental pollution.
Political Factors
▸ Japan is a constitutional monarchy with the emperor being the head of state.
▸ Japan maintains a very close relationship with the United States.
▸ Japan has also been putting a lot of efforts to build and maintain relationship with
other world powers such as India, the UK, France, and Australia.
▸ They have five political parties with stronger influence: Democratic Party of Japan
(DPJ),The People’s New Party (PNP), Liberal Democratic Party (LDP) , The Social
Democratic Party (SDP) and The New Clean Government Party (Komeito).
▸ Japan is connected with G8 and ASEAN.
▸ They have a rocky relationship with Russia, South Korea, China, and Taiwan.
Disputes are related to resources, such as natural gas,and oils.
Legal factor
● All employees enjoy employment rights and benefits such as
maximum work hours, work breaks, holidays, and maternity leave.
● Companies need to register employees for mandatory pension
insurance, health insurance, unemployment insurance, and workers’
accident compensation insurance.
● Many laws, such as their Labor and Corporate laws are based on the
European system.
Ethical Factor
● Japanese ethics is based on the concept of “fairness” and “social
responsibilities”.
● They follow a patriarchal family system.
● They treat work as the prayer offered to God.
● They believe in continuous improvement rather than just innovation.
● The corporations there are believed to be for employees, customers,
stockholders, the people and are treated as family.
● They are extremely punctual and value honesty, integrity.
● The businesses there as well have a sense of responsibility of doing good for
the community.
● Their prime focus when doing business in internationally is understanding
the needs of the host country
Conclusion
● To bring things to a close we can say that Japanese business environment is
very suitable for the companies to do business in japan. There are various
factors which have taken japan ahead of most of the countries. Like japan
ranked 29th in ease of doing business list of 2019, in fortune global 500
companies 53 Japanese companies are included, it is also a very
technologically advanced country. Apart from various calamities which hits
japan time to time it still managed to rise economically and becomes world's
third largest economy. Business ethics of japan is the main key to its
development, Japanese treat work as an offering to their god this indicates
the level of dedication that Japanese shows to their work.