General Facts & Figures:
Population: 126.8 Million
Land Area: 377,972 km²
Five Most Industrious Cities:
GDP (2017): 4.872 Trillion USD
Currency: Japanese Yen
Manufacturing - Makes up about 24% of the country's GDP
Agriculture - Japan is one of the largest producers of rice
Fishing - Japan is the world's 4th largest fishing country
Tourism - An approximate of 20 million visitors yearly
Mining - Vast deposits of rare earth metals have been discovered in the coastal areas of Japan
Service - Accounts for approximately three-quarters of the total output in the economy
Technology - Japan is the 3rd country with the highest spending worldwide on R&D according to OECD
Japan is the 3rd largest economy in the world. With a GDP 1.5 times the size of the UK and GDP per person about 6 times that of China, Japan remains the high-tech powerhouse economy of Asia – with the 2nd highest spend worldwide on R&D, a keen appetite for developing intellectual property and new trends, and an increasingly globalised outlook. Japan’s households hold financial assets of 1,645 trillion yen (more than 300% of GDP). Japan’s major growth driver is exports, despite external demand accounting for 16% of its GDP. Average annual economic growth since 2012 has been around 1%. The IMF expects the economy to grow by 1.5% in 2017 and 0.6% in 2018.
According to the OECD, Economic growth is projected to remain close to only 0.7% in 2019-20, with wage and investment growth sustained by labour and capacity shortages. The temporary effect of the October 2019 consumption tax increase will be mitigated by fiscal measures. Sustained growth is projected to gradually push up headline inflation to 1% (excluding the impact of the tax increase) by 2020
After peaking at 1.9% in 2017, economic growth slowed to 0.8% in 2018, reflecting weaker export momentum as world trade decelerated. Nevertheless, the current expansion, which began in late 2012, is now the longest in Japan’s post-war history, supported by a moderate recovery of consumption and robust business investment. The expansion faltered in early 2019, with declines in industrial production and exports, though labour market conditions remain tight.
Services for Members
Japan is one of the world's largest and most attractive markets; at the same time, it is known for its unique business culture which must be thoroughly understood. We staunchly believe in the high potential of Israel-Japan commerce, and invite you to join us and become partners to our activities and success.
Services we offer members of the Israel-Japan Chamber of Commerce:
A variety of activities, business conventions and seminars on various topics relating to business in the Japanese market.
Assistance in finding business partners in Japan and Israel.
Expert panel services - initial assistance and training for companies seeking to do business with the Japanese market, headed by businessmen with extensive experience working with the Japanese market in a variety of industries.
Organization and holding of meetings between businessmen, business delegations and Israeli and Japanese government personnel.
Regular updates on functions being held for the business sector and Japanese cultural events.
Promotion of our members' services and private advertising in our website's index of service providers.
A platform for marketing and advertising to a wide community of Japan fans via distribution lists and banner ads in newsletters and on our website.
Organization and conduction of inter-cultural coaching for businesses working with the Japanese market.
A subscription to our monthly newsletter which includes updates on upcoming events and select articles on Japanese current events.
An Isracard Corporate card offering special terms, benefits and discounts at a variety of businesses.
Thanks to the efforts of the Israel-Japan Chamber of Commerce, we hosted a delegation of businessmen from the area of the Kansai region, Japan. The event was held under the auspices of Israel's largest law firm HFN, Embassy of Japan in Israel and the Israeli Embassy in Japan. The delegation included business executives from the area of the Kansai region looking for future collaborations with several Israeli companies.