North America
Central & South America
Europe
Africa
Asia & Middle East
Southeast Asia & Oceania
Japan Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
126,451,398 (July 2017 est.)GDP (PPP)
$5.405 trillion (2017 est.)Second largest economy in the Far East
GDP growth rate
1.5% (2017 est.)Growth in Japan has been low for quite some time, though it is moving up due to recent reforms
GDP (PPP) per capita
$42,700 (2017 est.)High
Local currency
Yen (JPY)Stable currency sometimes seen as a safe haven
Financial stability (Public debt)
223.8% of GDP (2017 est.)Very high level, however the fact that most of Japan's debt is held domestically makes the country financially stable for the moment
Inflation
0.4% (2017 est.)The Country has suffered for a prolonged period of low inflation and even deflation, which recent reforms are trying to revert
Language
JapaneseEnglish is not spoken that much
Corruption perception index (Source: Transparency International)
20/180Low to medium
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
8% (10% from 1 October 2019) on the tranfer or import of goods, and provision of services
Corporate Tax
Corporation tax rates apply progressively from 15% to 23.2% National local corporate tax rate is 10.3% There are other corporate taxes which are being reformed, however the effective rate ranges from 30% to 35%
Duties
A customs duty is levied on imported goods based on the custom tariff table
Looking for business opportunities in Japan trade, or a partner for importing to Japan?
We are one of the best platforms where you can find a Japan distributor, a Japan manufacturer or a Japan supplier and boost the Japan import and Japan export of your business.
Join Globartis today for free and expand your company in the Japan imports and exports business!
Find Japanese companies and start trading with Japan import export.