PESTEL Analysis - Japan

Extract

[...] Japanese are prepared to be efficiently taking part into the working world and a capitalistic marketplace where competition between companies and people is very strong. A specific and very important factor of the economy is that men are expected to join a company and stick with it for most, if not all, of their working career. Last but not least, Japan's unemployment rate is very low, around even if it's been rising up recently. Being unemployed is seen as shameful in the Japanese culture and society. [...]

[...] Japanese have the longest overall life expectancy in the entire world, which is a good thing, but combined with a low birth rate, Japan has an ageing population which is of paramount importance to take into account for business. Japan has some cultural specificities and social traditions that can impact business negatively when not taken into account. Environmentally, Japan is at great risk to suffer from diverse natural disasters that may freeze the country economically and impact negatively businesses. [...]

[...] PESTEL Analysis - Japan Politically First thing first : Japan enjoys a political stable situation and has been for a long time. It is a monarchy, nevertheless just like the UK or Spain, the current Emperor, Akihito, has very restricted power when it comes to the country's political or economical developments. He is a much more of a symbol, a paternalist figure than a true leader. More realistically speaking, the country has a great political diversity with 5 leading parties. [...]

[...] Slow loading internet pages and low wifi signal are no where to be seen in Japan. In terms of infrastructures, this technological advancement is also widespread, hospitals, roads, airports, and administrations use many modern automation systems, some also start benefiting from a rising robotic development that is truly futuristic and can also be advantageous to companies operating in Japan. Legally Most of the Japanese legal system is inspired from the occidental capitalistic system with many similarities. Noticeably, laws regarding employment contract, working hours and minimum wage are pretty flexible and mainly inspired from the american system, offering a welcoming and secured work environment to Japanese and foreign companies operation on the island. [...]

[...] To sum it all up To summarise the chosen elements of the PESTEL when it comes to Japan few elements arise. Japan is a strong and stable country, wether economically or politically. Japanese people enjoy high standards of living, benefiting from a great educational system and modern and developing infrastructures. The legal system is modern and laws regarding businesses are adapted and offer great opportunities for fast and sustainable economic growth. With a population of more than 130 millions, almost twice the population of France, educated and prosperous, Japan offers a market of opportunities to be taken. [...]