Past conference | Doing Business in Japan
Past conference | Doing Business in Japan
Last week, Lionel Vincent, Managing Partner at LPA Tokyo, had the privilege of speaking at the Breakfast Talk: Doing Business in Japan, held in Singapore and organized by the French Chamber of Commerce in Singapore (FCCS).
This event provided a fantastic platform for meaningful discussions on Japan’s economic landscape, market potential, and attractiveness for foreign investors. Esteemed speakers included Jeff Ng, Director, Head of Asia Macro Strategy at Sumitomo Mitsui Banking Corporation (SMBC) Group; Hélène Burger, Head of International Cooperation & Sustainability APAC at Airbus; Nicolas Bonnardel, General Manager of the French Chamber of Commerce and Industry in Japan; alongside Lionel Vincent.
Japan offers a stable and lucrative market with stringent quality standards, making it a key entry point into the Asian region. Companies that effectively adapt to its business and regulatory environment can unlock significant long-term opportunities.
Here are key takeaways from the discussion:
- Asia’s Economic Landscape: Speakers addressed the challenges of trade shifts and geopolitical uncertainties, particularly in light of U.S. protectionist policies and their impact on lobal trade and inflation.
- Japan’s investment appeal: Japan remains a top destination for foreign investment, thanks to its strong egal framework, stable tax policies, advanced infrastructure, dynamic market, and highly skilled workforce.
- Market opportunities: Various industries – including consumer goods, aerospace, automotive, energy, healthcare, and technology — offer strong growth potential. Japan’s high purchasing power and demand for premium-quality products further enhance its attractiveness.
- Navigating cultural considerations: Patience, punctuality, and perseverance are essential for success in Japan. Building trust and maintaining a strong reputation are key in business relationships. While cultural differences, regulatory complexities, and transportation costs can pose challenges, they can be managed with the right market approach.
Thank you French Chamber of Commerce in Singapore (FCCS) for this opportunity, panelists for such an inspiring event, and to all attendees for your presence!