Japan as an Investment Destination
With the progress of “Abenomics,” the economic policies being pursued by the administration of Prime Minister Shinzo Abe, the Japanese economy has started to realize a virtuous economic cycle and steady growth. The government has introduced measures aimed at revitalizing the economy one after another. It has reduced the effective corporate tax rate by 2.51 percentage points in fiscal 2015 (April 2015 to March 2016), and further reduction to the 20%–29% range, an internationally competitive level, is to be made over the next several years.
Workshops Taking on World Markets
A Diverse Cluster of Small but Mighty Manufacturers
Ota City, one of the 23 special wards of Tokyo, is home to some 3,500 small to medium-sized manufacturing enterprises, primarily in the machinery and metalprocessing industries. The vast majority are small workshops with nine or fewer employees, but many have developed high levels of technological skill in their fields of specialization.