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During the past few years, Japan, the world's second largest market next to the United States, has undergone dramatic changes in many long-standing systems and practices.
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Executive Summary During the past few years, Japan, the world's second largest market next to the United States, has undergone dramatic changes in many long-standing systems and practices - ranging from industry deregulation and labor mobility to policies on the presence of foreign businesses in Japan. From the standpoint of a multinational corporation such as MediTech Inc., country risk analysis is the assessment of factors that influence the likelihood that a country will have a healthy investment climate. A favorable business environment depends on the existence of a stable economic and political system whereby entrepreneurship is encouraged and free markets predominate. Under such a system, resources are most likely to be highly utilized, and people will have the greatest incentive to take risks in productive ventures (Shapiro, 2002, p. 142). Japan being one of the world's wealthiest nations with per person GDP of approximately $23,400 (adjusted for purchasing power discrepancies)...
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