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Markets in Asia | Japan
Japan - Business sectors of opportunities
Japan is the second largest
economy in the world, the third biggest import market
globally and Canada's top foreign and non-North American market. In the last
four or five years preceding the Lost Decode of 1990's, Japan's economy is flourishing
with predicted strong growth in 2007.
For Canadian Companies
Canada is established in the natural resources and agrifood export markets, but
are lacking in the sophisticated, value added products and services for Japan's
new generation.
Within Japan there are plenty of niche business opportunities for Canadian firms
of all sizes.
Foreign investment in Japan is now more welcome than ever before at a time when
mergers, acquisitions and IPOs are on the rise, local office and facility costs
are historically lower, and the Canadian dollar is stronger
Japan remains a premium market, and its consumers value quality, custom-made
products and services. In order to tap the full potential of this market, Canadian
companies will need to focus on being both innovative and flexible.
Source: Trade Commissioner Service in Canada
Business sectors of opportunities
In Japan, digi-escape has developed strategic alliances with international business
consultant agencies, travel consultants and companies within the international
business community in Japan, especially in Tokyo and Osaka.
For example, below we have highlighted a few niche market sectors that Canadian
(especially from British Columbia) companies should consider in Japan, that have
an uniquely Canadian signature:
Industry Market Sectors
Agricultural, Food and Beverages
- Organic foods and beverages companies
- Dietary supplements (pharmaceuticals) and health & organic ingredients
(functional foods) producers
Arts and Cultural Industries
- Canadian (non-Native) and Aboriginal Native Artists
- Cultural merchandise (goods and services) merchants, manufacturers and entrepreneurs
"Green" Consumer Products
- Sustainable (green) Consumer goods manufacturers
- Recreation lifestyle & sports goods and services (professional services
like coaching, choreographers, etc.)
- LOHAS (Lifestyles of Health and Sustainability)* products and services
*LOHAS has a marketplace that includes a range of products from basic consumer
goods like organic foods to expensive services like ecotourism, and socially
responsible investments.
Construction and Building Industries
- Green building products and systems
- Organic recycled building products
Opportunities in the Service Industries in Japan
According to the author's, Tim Clark and Carl Kay, of their book entitled,
'Saying
Yes to Japan' there is immense opportunities in Japan for companies,
and individuals, to provide "experiences
and quality of life, and that's all services".
The optimal business conditions are present in Japan; from the Japanese government
easing stranglehold restrictive regulations to starting a company in Japan by
a foreigner; to the banks in Japan becoming receptive to foreign businesses,
and to the innate inability of large Japanese companies to focus on the consumer
and provide customer experience we take for granted in North America.
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