ANNAPOLIS, Md.--(EON: Enhanced Online News)--High Street Partners (www.hsp.com) and JETRO, the Japan External Trade Organization (www.jetro.org), have joined forces to offer insight and expert advice about the business opportunities that once again exist in Japan, at a panel discussion at Silicon Valley Bank in Santa Clara, CA today. The event, “The Corporate Roadmap to Success in Japan”, features experts from both organizations who will highlight the reasons behind Japan’s resurgence, provide insight into specific high-growth sectors, and offer guidance for surmounting challenges like cultural differences, recruiting, and regulatory compliance.
“Japan is Rumbling Back to Life with Some of Asia’s Best Business Opportunities.”
The Japanese economy has enjoyed three-straight quarters of growth thanks to the efforts of Prime Minister Shinzo Abe and his aggressive program of monetary and fiscal stimulus. His efforts have turned around 15 years of deflation and contributed to the 50 percent surge in Japan’s stock market over the past year. Japan’s turnaround spells new opportunity across a range of sectors in a country that already has the strong fundamentals of a world-class economy. At nearly $6 trillion, Japan has the world’s third largest GDP. Its population is 128 million, and its per capita GDP (PPP) is about 4 times that of China and 9 times that of India.
“Japan is back as one of the best growth opportunities in Asia, and their economy was given another shot in the arm by the recent announcement they will be the host country for the 2020 Olympic Games,” says John Clancy, Executive Vice President of High Street Partners. “But for all its upside, Japan is also known for its complex tax system and some indirect barriers to trade, which can make setting up international operations in this nation challenging. Our clients value the support, advice, and connections that JETRO provides, and together we aim to help hundreds of businesses enter and successfully operate in Japan.”
“As a foreign direct investment agency, JETRO is responsible for creating business relationships with executives wishing to expand and operate in our country,” says Mr. Yusuke Hamano, JETRO San Francisco’s Director of Business Development. “We are excited about our collaboration with High Street Partners, since it, too, aims to help companies achieve success in Japan. And we’re delighted to learn HSP is expanding its own presence on the ground here, through Tricor HSP Japan JV K.K, in Tokyo.”
Speakers at today’s Santa Clara event include experts from HSP and JETRO, as well as representatives from Japan Intercultural Consulting, Robert Walters, Topcon, Wilson Sonsini Goodrich & Rosati, Silicon Valley Bank, and PricewaterhouseCoopers LLP. Topics to be addressed include:
- Recruiting and team development – HR advice and best practices
- The Compliance Landscape – Review of the unique requirements companies will encounter
- Banking and Finance – Making sense of Japanese banking requirements and common pain points
- Market entry – Tactics from start up to M&A options
- Japan business culture – Practical dos and don’ts in business encounters
For more information about market sector opportunities in Japan, read HSP’s blog post “Japan is Rumbling Back to Life with Some of Asia’s Best Business Opportunities.”
About High Street Partners
High Street Partners is a premier provider of international business software and services. Its mission is to help companies capitalize on their international growth opportunities by simplifying the management and control of international expansion and operations. HSP’s signature solutions include HSP OverseasConnect®, cloud-based software for the aggregation and management of accounting, finance, HR and legal operations across multiple geographies and lifecycles. OverseasConnect complements HSP’s operations-focused Managed Services and suite of custom Advisory Services. HSP provides a single point of accountability for customers spanning a range of industries and sizes: from those making their first overseas hire, to larger, publicly traded companies managing multiple subsidiaries on several continents, to top universities and research institutions operating in dozens of countries. HSP now has 15 global offices, including Annapolis, Boston, Dallas, New York, San Diego, Silicon Valley, Hong Kong, London, Munich, Shanghai, Singapore and Tokyo. For more information, call 1-888-881-6576 or visit www.hsp.com.
JETRO, or the Japan External Trade Organization, is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential. For more information, visit http://www.jetro.org