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Japan Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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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
Japanese

English is not spoken that much

Corruption perception index (Source: Transparency International)
20/180

Low 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

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