Japan Business
Japan is the second largest market in the world, with high disposable income spread among its population of 127.5 million consumers. Japanese consumers are moving toward a lifestyle more enriching for the individual and away from a mass-consumption lifestyle. Notably, the Japanese are often willing to spend more for higher quality products and services.
The wall that separated domestic and foreign markets is being taken down at a very fast pace, as protective regulations are repealed one by one. Distinguishing foreign investors with securable business resources find an abundance of opportunities across a breadth of industries in Japan, yet certainly in high-tech industries. In Japan, the plan is that by importing ideas, technologies, workers, and management methods from global corporations and foreign entrepreneurs, investment opportunities will continue to multiply.
Accounting Costs
The tables below show average monthly costs in Japan for employing one in-house staff accountant and those for employing an experienced Chief Financial Officer. (These costs should certainly be compared with those for outsourcing the functions.)
Japanese Seal
Rather than a signature, in Japan a person uses a “personal seal” impression (stamp) which may be registered with a certificate – called a jitsu-in. The personal seal is required for the representative director at registration of incorporation. A corporation is issued a representative seal as well, which must be registered. This corporate seal is needed, for example, to open a Japanese bank account.
Japan Official Holidays
Companies normally close collectively during the following periods, which can vary slightly according to company calendars:
Japan is the second largest market in the world, with high disposable income spread among its population of 127.5 million consumers. Japanese consumers are moving toward a lifestyle more enriching for the individual and away from a mass-consumption lifestyle. Notably, the Japanese are often willing to spend more for higher quality products and services.
The wall that separated domestic and foreign markets is being taken down at a very fast pace, as protective regulations are repealed one by one. Distinguishing foreign investors with securable business resources find an abundance of opportunities across a breadth of industries in Japan, yet certainly in high-tech industries. In Japan, the plan is that by importing ideas, technologies, workers, and management methods from global corporations and foreign entrepreneurs, investment opportunities will continue to multiply.
Accounting Costs
The tables below show average monthly costs in Japan for employing one in-house staff accountant and those for employing an experienced Chief Financial Officer. (These costs should certainly be compared with those for outsourcing the functions.)
| Monthly Accounting Related Costs | |
| bilingual accounting staff |
¥500,000
|
| health Insurance benefits |
20,000 |
| pension Insurance benefits |
43,000
|
| daily commuting costs |
10,000
|
| supplies/equipment |
50,000
|
| TOTAL MONTHLY COSTS |
¥623,000
|
| Monthly CFO Related Costs | |
| CFO salary |
¥1,000,000 |
| health Insurance benefits |
40,000
|
| pension Insurance benefits |
50,000
|
| daily commuting costs |
10,000 |
| supplies/equipment |
50,000
|
| TOTAL MONTHLY COSTS |
¥1,150,000
|
Japanese Seal
Rather than a signature, in Japan a person uses a “personal seal” impression (stamp) which may be registered with a certificate – called a jitsu-in. The personal seal is required for the representative director at registration of incorporation. A corporation is issued a representative seal as well, which must be registered. This corporate seal is needed, for example, to open a Japanese bank account.
Japan Official HolidaysCompanies normally close collectively during the following periods, which can vary slightly according to company calendars:
| December 29 - January 5: | New Year Holiday |
| January, second Monday: | Coming of Age Day |
| February 11: | National Foundation Day |
| March 20 or 21: | Vernal Equinox |
| April 29 - May 5: | Golden Week Holiday |
| May 3: | Constitution Memorial Day |
| May 4: | People's Day |
| May 5: | Children's Day |
| July, third Monday: | Marine Day |
| August 15 - August 20: | Obon (Memorial Week) |
| September, third Monday: | Respect for the Aged Day |
| September 23: | Autumnal Equinox |
| October, second Monday: | Physical Fitness Day |
| November 3: | Culture Day |
| November 23: | Labor Thanksgiving Day |
| December 23: | Emperor's Birthday |
