The ISO code of Japan is JP according to the ISO 3166 standard. The local name of the country is Nippon. Japan capital city is Tokyo. People in Japan speak the Japanese language. On 28 April 1952, Japan emerged as a sovereign political entity. In the year 04/28/1952, Japan emerged as a sovereign political entity. The largest city in Japan is Tokyo.
Japan is located in the UTC +09:00 time zone, which is also called Japan Standard Time or JST. The internet country code top-level domain (ccTLD) for Japan is .jp. Other domains assigned to Japan are .asia, .nagoya, .okinawa, .rykyu, .tokyo, .yokohama. The International dialing code for Japan is 81. People in Japan drive on the left side of the road. Total land area of Japan is 377,915 km² (approx. 145,913 mi²). Japan is not a landlocked country. It means that is is bordered by at least one major body of water.
Japan is located in Asia. Japan is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Japan faces various issues, including air pollution from power plant emissions results in acid rain, acidification of lakes and reservoirs degrading water quality and threatening aquatic life, Japan is one of the largest consumers of fish and tropical timber, contributing to the depletion of these resources in Asia and elsewhere.
Doing business in Japan
We offer various corporate services in Japan jurisdiction. These services can serve both, people coming from Japan and foreigners. If you plan on doing business in Japan you might be interested in contacting us.
To find out about starting your business in Japan click on company formation in Japan.
To find out how to open a bank account in Japan and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Japan.
Choose preferred service below or continue reading to find out more about Japan.
Demographics of Japan
The total population of Japan is 127,185,332 people. In Japan, the population density is 335.58 people per square kilometer (873 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Japan is 0.0119. Japan has approximately 2043877 foreign immigrants. The median age is approximately 46.1 years. In Japan, 79.05 in every 100 people use internet. Japan has a Human Development Index (HDI) of 0.89.
The majority religion of Japan is Buddhism, Japan is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Japan.
Culture of Japan
People in Japan speak the Japanese language. According to data on inbound tourists in Japan, 10,364,000 tourists arrive in the country each year. The first McDonalds in Japan was opened on 20 July 1971, and it was located in Tokyo. One of the most popular national dishes of Japan is sushi. To read more click on culture of Japan.
Geography of Japan
Japan is considered to be a large nation because of its total area. Its total land area is 377,915 km² (approx. 145,913 mi²). Japan is located in Asia. Its capital city is Tokyo. Japan has no land borders.
The highest point of Japan is Mount Fuji, with its official height being 3776 m (12,389 ft). Including land mass and EEZ, the total area of Japan is approximately 4,857,303 km² (~1,875,407 mi²). The most notable natural resources found in Japan are fish, mineral resources.To read more click on geography of Japan.
Economy of Japan
The currency of the country is Japanese yen. The symbol used for this currency is ¥, and it is abbreviated as JPY. 3% of population in the country are unemployed. The total number of unemployed people in Japan is 3,815,560. Each year, Japan exports around $697 billion and imports roughly $766.6 billion. The Gini Index of the country is 37.9. Japan has a Human Development Index (HDI) of 0.89.The Global Peace Index (GPI) for Japan is 1.323. Japan has a government debt of 14.7% of the country's Gross Domestic Product (GDP), as assessed in 2012. Japan is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are among world's largest and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Japan is $4,767,157 billion. Each year, consumers spend around $2,999,598 million. The ratio of consumer spending to GDP in Japan is 0%, and the ratio of consumer spending to the world consumer market is 6.97. The corporate tax in Japan is set at 30.86%. Personal income tax ranges from 5% to 50%, depending on your specific situation and income level. VAT in Japan is 8%, and it is known as Consumption Tax. To read more click on economy of Japan.
Infrastructure of Japan
Infrastructure quality in Japan is rated to be at 4.16. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).
In Japan, 100% of the population has access to electricity. There are 64,453,000 internet hosts in Japan. Japan has 175 airports nationwide.
The logistics performance index of Japan is 3.91. It indicates a good performance - the logistics system is well prepared and organised, shipments mostly arrive on time and do not suffer damage, and the infrastructure is ready to handle even unpredictably big amounts of traffic as long as it is not overwhelming.
Tracking possibilities for shipments are rated at 3.95. It indicates a good performance - the tracking systems provide detailed and up-to-date information about most of the parameters of shipments, as well as often transcend national (both political and linguisitc) barriers and may be qualified as international shipment tracking systems.
To read more click on infrastructure of Japan.
Politics of Japan
Japan, is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, Japan is 1. Citizens in Japan experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Naruhito.
According to the World Bank Group, the government effectiveness index of Japan is 1.82. This indicates that the government of Japan is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Japan is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Japan, the legislative power is vested in a Diet. The Global Peace Index (GPI) for Japan is 1.323. The strength of legal rights index for Japan is 4. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. Japan is a member of the United Nations (UN). On 18 December 1956, it joined the UN as a full member state. Japan is a member of the World Bank. To read more click on politics of Japan.
Environment of Japan
Japan emits 9.3 metric tons per capita of CO2. 253203 km² of Japan's territory is covered in forests. and forest land comprises 67% of all the land in the country. To read more click on environment of Japan.
Company formation in Japan
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Japan.
When establishing a company in Japan, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Japan that will affect the establishment and growth of one's business. Contact us or click on company formation in Japan to read additional information when setting up a business.
Bank account opening in Japan
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Japan. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Japan, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Japan or contact us.