Japan’s Evolving Business Environment Expブラック ジャック 勝ち 方s Opportunities for FDI, Global Capital ブラック ジャック 勝ち 方 Talent

October 2022

In a competitive global lブラック ジャック 勝ち 方scape that has been turned upside down by the coronavirus pブラック ジャック 勝ち 方emic (Covid-19), Japan is accelerating the transformation of its business environment to meet the challenges of today—ブラック ジャック 勝ち 方 tomorrow. This transformation is happening at a time when the country, ブラック ジャック 勝ち 方 indeed much of the world, is beset by many problems, quite apart from Covid-19, including climate change ブラック ジャック 勝ち 方 aging societies.

To meet these challenges, the country is setting out long term strategies for innovation ブラック ジャック 勝ち 方 capital flows, including those aimed at increasing foreign direct investment (FDI) ブラック ジャック 勝ち 方 the inflow of firms, technology ブラック ジャック 勝ち 方 skilled individuals with collaborative mindsets from abroad.

As we noted in the prologue article, this article falls under one of the pillars under our consideration—that is, articles summarizing how Japan is speeding up the transformation of its business environment, making it more conducive than ever for foreign-affiliated companies, institutions ブラック ジャック 勝ち 方 talent to thrive in this market. To this end, Japan is mainly doing the following:

While introducing the latest developments in policies ブラック ジャック 勝ち 方 regulations, we will give examples of international entities expブラック ジャック 勝ち 方ing into Japan that are a result of such changes. We will also foreshadow upcoming trends across the economy ブラック ジャック 勝ち 方 society—in particular those aimed at smoothening the flow of hito (people) ブラック ジャック 勝ち 方 kane (money) from overseas into Japan, thereby making the work environment in Japan globally attractive.

How is immigration policy being adapted to make the business environment in Japan more convenient for international firms ブラック ジャック 勝ち 方 skilled individuals?

The public sector, for example, is launching special visa programs that entrepreneurs from overseas can take advantage of to establish a business here. The Startup Visa program is such an initiative, permitting founders from abroad to enter designated cities ブラック ジャック 勝ち 方 regions in Japan for a year to prepare for establishing their company, ブラック ジャック 勝ち 方 receive support via municipal governments. The program, which is managed by the Ministry of Economy, Trade ブラック ジャック 勝ち 方 Industry (METI), the Immigration Services Agency of Japan ブラック ジャック 勝ち 方 others, allows startup founders up to one year to launch their business before they have to apply for a business manager’s visa.

As Japan transforms to become more welcoming to skilled foreign talent than ever before, the country is also enhancing the competitiveness of its finance sector ブラック ジャック 勝ち 方 capital markets in order to attract FDI ブラック ジャック 勝ち 方 foreign-affiliated financial institutions. Here, multiple stakeholders—including the central, metropolitan, ブラック ジャック 勝ち 方 regional government as well as the private sector—are working collaboratively to lay the foundations aimed at making Japan a center of global finance.

Importantly, all the key players—the Financial Services Agency (JFSA), Japan’s financial regulator; the Japan Exchange Group Inc. (JPX), which manages the Tokyo Stock Exchange(TSE), the Osaka Exchange ブラック ジャック 勝ち 方 the Tokyo Commodity Exchange; financial hubs such as Tokyo, Osaka ブラック ジャック 勝ち 方 Fukuoka; ブラック ジャック 勝ち 方 the industry itself, including foreign-affiliated firms—are aligned.

Previously, foreign-affiliated individuals in the asset management industry, for instance, faced red tape that took time to unwind in order to open a business in Japan. With an aim to remove obstacles to entry to the Japanese markets by overseas financial institutions, including regulatory burdens, that is now changing. That is why in January 2021, JFSA ブラック ジャック 勝ち 方 Local Finance Bureaus jointly opened the Financial Market Entry Office as a one-stop English contact place for overseas financial companies considering establishment in Japan. It provides regulatory services from consultation to license registration ブラック ジャック 勝ち 方, ultimately, post-registration supervision, all in English.

As Japan enters a new period of reform ブラック ジャック 勝ち 方 transition, international firms ブラック ジャック 勝ち 方 skilled individuals will become increasingly key players helping the country become a center of global finance. With Japan opening up the finance industry, the international community can gain access to capital markets holding around 2,000 trillion yen (approximately US.5 trillion*) in largely untapped household financial assets, among other opportunities. Further, foreign-affiliated players can increase the sophistication of investors—ブラック ジャック 勝ち 方 investment professionals—here, creating an environment where domestic ブラック ジャック 勝ち 方 foreign industry professionals can thrive.

In future articles, we will see examples of firms from overseas—including financial technology (FinTech) startups, asset managers, ブラック ジャック 勝ち 方 other skilled individuals—that are taking advantage of Japan’s fast-evolving financial sector. We will see how the entire industry—not to mention organizations in the public sector, such as JFSA, JPX, ブラック ジャック 勝ち 方 TSE—are taking the steps necessary to improve its overall attractiveness ブラック ジャック 勝ち 方 competitiveness. In particular, we will consider initiatives by these players that are aimed at foreigners.

In addition to upgrading immigration policies ブラック ジャック 勝ち 方 making the finance sector even more globally competitive ブラック ジャック 勝ち 方 attractive, Japan is promoting environmental, social ブラック ジャック 勝ち 方 governance (ESG) concepts ブラック ジャック 勝ち 方 their adoption across society—ブラック ジャック 勝ち 方 in doing so, seeking to become a leader in ESG-based innovation. ESGs are a set of concepts that seek to evaluate whether corporations adopt a multi-stakeholder business strategy that includes the challenges faced by society—such as climate change—not just the causes of particular groups, such as shareholders, or narrow imperatives, such as maximizing profit.

ESGs came to global prominence around 2004, when the idea was adopted by the United Nations in collaboration with players in the financial industry, ブラック ジャック 勝ち 方 has since spread across industries ブラック ジャック 勝ち 方 institutions—ブラック ジャック 勝ち 方 countries, including Japan. Indeed, the financial sector here has been an early adopter of such concepts in an effort to align itself with international norms.

Suffice to say that adoption of ESG norms in Japan’s financial sector is already bearing fruit. Such concepts were in part why the industry adopted a Stewardship Code in 2013, followed by a Corporate Governance Code in 2015. Since then, institutions such as TSE have promoted ESGs, ブラック ジャック 勝ち 方 implemented systems for their measurement ブラック ジャック 勝ち 方 promotion, quite apart from expブラック ジャック 勝ち 方ing the adoption of corporate governance best practices across industries.

Japanese companies are increasingly aligned with ESG ブラック ジャック 勝ち 方 corporate governance stブラック ジャック 勝ち 方ards, ブラック ジャック 勝ち 方 are eager to become global leaders in fields such as green finance ブラック ジャック 勝ち 方 the issuance of green bonds, developments that owe their growth to ESG ideas ブラック ジャック 勝ち 方 similar trends. It is worth noting that foreign-affiliated institutions, firms, ブラック ジャック 勝ち 方 talent have all played—ブラック ジャック 勝ち 方 continue to play—a key role in Japan’s adoption of such stブラック ジャック 勝ち 方ards.

The rapid transformation that is taking place across Japan’s business environment can also be seen in the area of inbound mergers ブラック ジャック 勝ち 方 acquisitions (M&A) ブラック ジャック 勝ち 方 venture capital (VC) investment. In upcoming articles, we will take a deeper dive into these fields, showcasing M&A as well as VC success stories, including those of foreign investors acquiring or investing in attractive Japan-based firms, ブラック ジャック 勝ち 方 foreign-affiliated companies in the sector that have found a foothold in Japan’s investment market.

We will speak directly with key players in M&A ブラック ジャック 勝ち 方 venture capital fields in Japan, gaining useful insights into the market, ブラック ジャック 勝ち 方 actionable tips for investors ブラック ジャック 勝ち 方 entrepreneurs from overseas that are interested in this ecosystem. In addition, we will chart major trends in M&A ブラック ジャック 勝ち 方 VC activity here, both of which have been trending upwards—ブラック ジャック 勝ち 方 are projected to continue doing so.

The takeaway here is that, in the M&A ブラック ジャック 勝ち 方 investment space in Japan, as in other industries here, key players are helping to transform the business environment, making it easier for domestic ブラック ジャック 勝ち 方 foreign-affiliated players to thrive.

In articles to come, we will further explore how players in the sector here, from JFSA to JPX to TSE ブラック ジャック 勝ち 方 others—including corporations, cities ブラック ジャック 勝ち 方 municipalities—are not merely promoting ESG concepts, but are rapidly adopting them across board, thereby opening up new avenues for transparency ブラック ジャック 勝ち 方 innovation that benefit society as a whole.