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 - titleA formidable economy
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 - content_oldBeyond luxury brands, rich culture, haute cuisine and joie de vivre, France is a formidable economy that has nurtured global brands in a wide range of industries – from <a href="https://group.bnpparibas/en/" target="_blank">BNP Paribas</a> (banking), <a href="https://www.axa.com/en/" target="_blank">AXA</a> (insurance), <a href="https://www.total.com/en" target="_blank">Total</a> (oil and gas), <a href="https://www.edf.fr/en/the-edf-group" target="_blank">EDF</a> (energy), <a href="https://www.sanofi.com/" target="_blank">Sanofi</a> (pharmaceutical), <a href="https://group.renault.com/en/" target="_blank">Renault</a> (automotive), <a href="https://www.lvmh.com/" target="_blank">LVMH</a> (luxury goods) and <a href="https://www.thalesgroup.com/en" target="_blank">Thales</a> (defense and aerospace). <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/France%202019/FR-BLOG-1-Paris-Total-HQ.jpg" alt="" width="442" height="288" /><figcaption class="image-caption">As Europe's second largest economy and the world's sixth-largest, France continues to assert its economic influence. One of the country's largest companies, Total is also a global leader in the oil and gas industry.</figcaption></figure> Despite brewing social unrest, which erupted in late 2018 with the gilets jaunes (yellow vests) protests, France has maintained its economic strength. It is the second-largest economy in the European Union, the sixth-largest in the world and has an export-to-GDP ratio of 30%. During a meeting with Claudine Serre, Director General of the <a href="https://www.eaccfrance.com/" target="_blank">European American Chamber of Commerce (EACC)</a>, we found out that the French way of life and their culture are what attract most people to do business in France. In terms of bilateral trade, French investment in the United States reached $302 billion last year, with 4,800 French subsidiaries employing 678,000 people. Meanwhile, the United States remains the largest foreign investor in France with FDI amounting to $85 billion and 46,000 U.S. affiliated firms employing 481,400 people. Even though France is already a developed country with well-established traditional industries, the country is adapting to a global economy in rapid flux. With a young and bold president at its helm, Emmanuel Macron is determined to build a knowledge-based economy and usher in Industry 4.0 through tax incentives and government support. Clearly, France cannot be ignored. It is a country with a long history of independent thinking and creative innovation, unafraid to break from convention and confident of its ability to build a more progressive economy.
 - contentBeyond luxury brands, rich culture, haute cuisine and joie de vivre, France is a formidable economy that has nurtured global brands in a wide range of industries – from <a href="https://group.bnpparibas/en/" target="_blank">BNP Paribas</a> (banking), <a href="https://www.axa.com/en/" target="_blank">AXA</a> (insurance), <a href="https://www.total.com/en" target="_blank">Total</a> (oil and gas), <a href="https://www.edf.fr/en/the-edf-group" target="_blank">EDF</a> (energy), <a href="https://www.sanofi.com/" target="_blank">Sanofi</a> (pharmaceutical), <a href="https://group.renault.com/en/" target="_blank">Renault</a> (automotive), <a href="https://www.lvmh.com/" target="_blank">LVMH</a> (luxury goods) and <a href="https://www.thalesgroup.com/en" target="_blank">Thales</a> (defense and aerospace). <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/France%202019/FR-BLOG-1-Paris-Total-HQ.jpg" alt="" width="442" height="288" /><figcaption class="image-caption">As Europe's second largest economy and the world's sixth-largest, France continues to assert its economic influence. One of the country's largest companies, Total is also a global leader in the oil and gas industry.</figcaption></figure> Despite brewing social unrest, which erupted in late 2018 with the gilets jaunes (yellow vests) protests, France has maintained its economic strength. It is the second-largest economy in the European Union, the sixth-largest in the world and has an export-to-GDP ratio of 30%. During a meeting with Claudine Serre, Director General of the <a href="https://www.eaccfrance.com/" target="_blank">European American Chamber of Commerce (EACC)</a>, we found out that the French way of life and their culture are what attract most people to do business in France. In terms of bilateral trade, French investment in the United States reached $302 billion last year, with 4,800 French subsidiaries employing 678,000 people. Meanwhile, the United States remains the largest foreign investor in France with FDI amounting to $85 billion and 46,000 U.S. affiliated firms employing 481,400 people. Even though France is already a developed country with well-established traditional industries, the country is adapting to a global economy in rapid flux. With a young and bold president at its helm, Emmanuel Macron is determined to build a knowledge-based economy and usher in Industry 4.0 through tax incentives and government support. Clearly, France cannot be ignored. It is a country with a long history of independent thinking and creative innovation, unafraid to break from convention and confident of its ability to build a more progressive economy.
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 - titleSouth Korea: Persistent optimism over the economy
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 - content_oldDespite the occasional outbreak of political turmoil, South Korea has displayed structural stability that allowed its admirable rise as a formidable economic power both in Asia and the world. And defying fears over the geopolitical situation on the Korean peninsula and the recent rise of protectionist rhetoric, the South Korean economy continues to provide new investment opportunities. <a href="http://gokea.org/eng/" target="_blank">The Korean Electronics Association (KEA)</a> can attest to this fact. Founded in 1976 to support the electronics and IT industries, KEA has worked closely with the government in promoting South Korea’s reputation as a leading manufacturers of consumer electronics and home appliances in the world. Today, it plays a pivotal role in helping its members adapt to the growth of the Internet of Things, artificial intelligence, 3D printing, big data and supply chain. Aside from laying the foundation for investments in these new fields, KEA is also fostering research and specialization in universities to drive innovation. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/South%20Korea%202018/2018-FA-R1-KOFIA.jpg" alt="" width="442" height="288" /><figcaption class="image-caption">With KOFIA Chairman Kwon Yong-won</figcaption></figure> “Conversations are getting important in terms of AI and IOT. KEA is cooperating with Samsung and LG, as well as with SMEs, and vehicle and telecommunication companies. This cannot be done by a single company, but we are trying to be the bridge,” KEA President and CEO, Nam In-sum said. The financial sector is also experiencing a new period of growth. The <a href="http://kofia.or.kr/wpge/redirecteng.do" target="_blank">Korean Financial Investment Association (KOFIA)</a> is working together with the government and the private sector to create an environment that will bring in more foreign investment. As the financial industry’s only self-regulatory group, KOFIA advocates for fair, market-friendly regulation, which will spur further growth in the industry. To complement KOFIA’s efforts, the government spurs innovation through subsidies and policy changes. As Korean firms pursue increased globalization and more modernization, securities firms have started licensing their trading systems to companies in Southeast Asia. These systems allow individual investors easy access and encourages fintech companies to pursue joint development with financial firms. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/South%20Korea%202018/2018-FA-R1-AMCHAM.jpg" alt="" width="442" height="288" /><figcaption class="image-caption">With AmCham Korea CEO James Kim</figcaption></figure> However, huge challenges remain, among them the difficulty of navigating the so-called fourth industrial revolution. To address the issue, some global advisory firms have adopted blockchain technology to attend to a wider base of customers through secure services. “I am very positive about the outlook for Korea and I believe, we can counter these issues and maintain the dynamics of Korea,” KOFIA Chairman Kwon Yong-won said. KOFIA will recommend improvements in laws, regulations, and tax policies surrounding financial investment as it boosts competitiveness through digital innovation and promote free trade. Another advocate of globalization is the <a href="http://www.amchamkorea.org/page.php?menu=0160" target="_blank">American Chamber of Commerce in Korea (AmCham Korea)</a>, the country’s largest foreign chamber with more than 700 members. “Part of our job at AmCham is to help U.S. companies here in Korea and, at the same time, promote Korean companies investing in the United States, which will create jobs for Americans,” AmCham Korea CEO James Kim said.
 - contentDespite the occasional outbreak of political turmoil, South Korea has displayed structural stability that allowed its admirable rise as a formidable economic power both in Asia and the world. And defying fears over the geopolitical situation on the Korean peninsula and the recent rise of protectionist rhetoric, the South Korean economy continues to provide new investment opportunities. <a href="http://gokea.org/eng/" target="_blank">The Korean Electronics Association (KEA)</a> can attest to this fact. Founded in 1976 to support the electronics and IT industries, KEA has worked closely with the government in promoting South Korea’s reputation as a leading manufacturers of consumer electronics and home appliances in the world. Today, it plays a pivotal role in helping its members adapt to the growth of the Internet of Things, artificial intelligence, 3D printing, big data and supply chain. Aside from laying the foundation for investments in these new fields, KEA is also fostering research and specialization in universities to drive innovation. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/South%20Korea%202018/2018-FA-R1-KOFIA.jpg" alt="" width="442" height="288" /><figcaption class="image-caption">With KOFIA Chairman Kwon Yong-won</figcaption></figure> “Conversations are getting important in terms of AI and IOT. KEA is cooperating with Samsung and LG, as well as with SMEs, and vehicle and telecommunication companies. This cannot be done by a single company, but we are trying to be the bridge,” KEA President and CEO, Nam In-sum said. The financial sector is also experiencing a new period of growth. The <a href="http://kofia.or.kr/wpge/redirecteng.do" target="_blank">Korean Financial Investment Association (KOFIA)</a> is working together with the government and the private sector to create an environment that will bring in more foreign investment. As the financial industry’s only self-regulatory group, KOFIA advocates for fair, market-friendly regulation, which will spur further growth in the industry. To complement KOFIA’s efforts, the government spurs innovation through subsidies and policy changes. As Korean firms pursue increased globalization and more modernization, securities firms have started licensing their trading systems to companies in Southeast Asia. These systems allow individual investors easy access and encourages fintech companies to pursue joint development with financial firms. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/South%20Korea%202018/2018-FA-R1-AMCHAM.jpg" alt="" width="442" height="288" /><figcaption class="image-caption">With AmCham Korea CEO James Kim</figcaption></figure> However, huge challenges remain, among them the difficulty of navigating the so-called fourth industrial revolution. To address the issue, some global advisory firms have adopted blockchain technology to attend to a wider base of customers through secure services. “I am very positive about the outlook for Korea and I believe, we can counter these issues and maintain the dynamics of Korea,” KOFIA Chairman Kwon Yong-won said. KOFIA will recommend improvements in laws, regulations, and tax policies surrounding financial investment as it boosts competitiveness through digital innovation and promote free trade. Another advocate of globalization is the <a href="http://www.amchamkorea.org/page.php?menu=0160" target="_blank">American Chamber of Commerce in Korea (AmCham Korea)</a>, the country’s largest foreign chamber with more than 700 members. “Part of our job at AmCham is to help U.S. companies here in Korea and, at the same time, promote Korean companies investing in the United States, which will create jobs for Americans,” AmCham Korea CEO James Kim said.
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 - tagsJapan, Economy, SMEs, Showa Denki, Shimizu Densetsu Kogyo, Ohishi Sangyo, Shachihata, Yashima Sangyo, American Chamber of Commerce in Japan, City of Kobe
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 - content_oldUntil recently, small Japanese companies were viewed as businesses that prefer to transact only with other Japanese companies. Many of them expanded their international presence mainly to support long-running relationships with their loyal customers. As continuing globalization makes the business landscape increasingly competitive, many of these Japanese SMEs have had to accept the need to expand overseas if they are to survive and grow sustainably. <a href="http://www.showadenki.co.jp/english/" target="_blank">Showa Denki</a>, a manufacturer of wind machines such as electric blowers and fans, is an example of how these SMEs are seeing their global potential. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Japan%202018/FA-JAPAN%202018-SMEs-Shachihata.jpg" alt="" width="319" height="216" /><figcaption class="image-caption">Shachihata’s Headquarters in Nagoya</figcaption></figure> “I started our overseas business in 2010 by myself, after finding out through internal research that 38% of our products ended up being exported overseas through clients here in Japan,” President Kensaku Kashiwagi said. However, <a href="http://www.seavac.co.jp/en/index_u.html" target="_blank">Shimizu Densetsu Kogyo</a> President Hiroyuki Shimizu was steadfast in maintaining his company’s international operations following a slump in the demand for coating technology in the automotive and medical equipment sectors. “When our U.S. subsidiary faced some challenges in the past, most of the executives wanted to close it down. But I believed in the market and decided to run the operations myself until it became profitable,” Shimizu recalled. “Now, after our customers in the U.S. experience our service, they tell their Japanese counterparts to reach out to us in Japan for their coating needs,” Shimizu added. For Shimizu and Kashiwagi, leading an SME has not discouraged them from expanding overseas and promoting the “Made in Japan” brand. “The strength of small companies lies in being able to quickly adapt and deliver customer requests. Customers keep demanding for better, so we keep innovating for the better,” Shimizu explained. “In Japan, there is a philosophy called magokoro, which means sincerity or devotion. It is the ultimate made-in-Japan asset. And we’ve made it a point to center our operations around this philosophy,” Kashiwagi said. With the compelling need for Japanese companies to find stronger and more sustainable growth prospects, packaging products maker <a href="http://www.osk.co.jp/en.html" target="_blank">Ohishi Sangyo</a> has identified Southeast Asia as its most promising market. “In the last 20 years, Japan lost a lot of big players and demand sharply declined. Many companies decided to open in other Asian markets. That is why we now have a branch office in Singapore and a plant in Malaysia,” says President Norio Okubo. “It is not very easy to do business overseas. To ensure international growth, companies need to modernize products and processes. But Japan will remain important because we still lead in technological innovation and high-quality manufacturing,” Okubo added. Meanwhile, President Masayoshi Funahashi of <a href="http://www.artlineworld.com/" target="_blank">Shachihata</a>, a leading maker of writing instruments and stampers, attributes the company’s success to its ability to design pens, markers and stampers that address and adapt to the ever-changing consumer taste. “Using skills we have cultivated, we have developed our latest machine, the <a href="https://quixclub.com/" target="_blank">QuiX</a>, where you can easily customize your stamps,” Funahashi said. “The domestic market is diminishing and competition grows more stiff. That is why I expect more potential from our international operations. In fact, we mostly offer our latest markers to the international markets first,” Funahashi said. Helping out small companies that want a bigger global presence but don’t have the resources, trading company <a href="http://www.yashimasangyo.co.jp/english/index.html" target="_blank">Yashima Sangyo</a> has acted as a major connector between Japanese and foreign businesses. “Our company aims to introduce Japanese quality products to the global market, and vice versa. We aim to be a partner in global expansion for companies worldwide,” President Masatoshi Takamuku said. “Many SMEs have the right products with the perfect quality, but find global expansion to be challenging. My dream is to have an exhibition for the ‘Made in Japan’ brand as a means for Japanese companies to introduce themselves to foreign markets, and help raise the profile of Japanese quality in manufacturing,” he added. Some local government units and nonprofit organizations, such as the <a href="http://www.accj.or.jp/?lang=en" target="_blank">American Chamber of Commerce in Japan</a> and the <a href="http://www.city.kobe.lg.jp/foreign/english/" target="_blank">City of Kobe</a>, have joined the efforts to promote bilateral trade and cooperation. “With this, we applaud the launch of the U.S.-Japan Economic Dialogue by Vice President Pence and Deputy Prime Minister Aso in April 2017,” ACCJ Representative Christopher LaFleur said. “Its focus on setting high trade and investment standards and reducing market barriers aligns with the need we see on both sides, and we hope the positive agenda will continue,” he also said. Already known as one of Japan’s most dynamic cities and the base of many major global companies, Kobe has intensified efforts to spur further growth through programs aimed specifically at helping entrepreneurs turn their ideas into reality. “We are making Kobe into a city where startups can thrive. Kobe has developed into a thriving, multi-faceted city and we, with the rest of Japan, will continue that pioneering spirit for years to come,” Mayor Kizo Hisamoto said. Recently, Kobe collaborated with US-based seed investment fund <a href="https://500.co/" target="_blank">500 Startups</a> in an accelerator program. It was the first such collaborative program with a Silicon Valley venture capital fund in Japan.
 - contentUntil recently, small Japanese companies were viewed as businesses that prefer to transact only with other Japanese companies. Many of them expanded their international presence mainly to support long-running relationships with their loyal customers. As continuing globalization makes the business landscape increasingly competitive, many of these Japanese SMEs have had to accept the need to expand overseas if they are to survive and grow sustainably. <a href="http://www.showadenki.co.jp/english/" target="_blank">Showa Denki</a>, a manufacturer of wind machines such as electric blowers and fans, is an example of how these SMEs are seeing their global potential. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Japan%202018/FA-JAPAN%202018-SMEs-Shachihata.jpg" alt="" width="319" height="216" /><figcaption class="image-caption">Shachihata’s Headquarters in Nagoya</figcaption></figure> “I started our overseas business in 2010 by myself, after finding out through internal research that 38% of our products ended up being exported overseas through clients here in Japan,” President Kensaku Kashiwagi said. However, <a href="http://www.seavac.co.jp/en/index_u.html" target="_blank">Shimizu Densetsu Kogyo</a> President Hiroyuki Shimizu was steadfast in maintaining his company’s international operations following a slump in the demand for coating technology in the automotive and medical equipment sectors. “When our U.S. subsidiary faced some challenges in the past, most of the executives wanted to close it down. But I believed in the market and decided to run the operations myself until it became profitable,” Shimizu recalled. “Now, after our customers in the U.S. experience our service, they tell their Japanese counterparts to reach out to us in Japan for their coating needs,” Shimizu added. For Shimizu and Kashiwagi, leading an SME has not discouraged them from expanding overseas and promoting the “Made in Japan” brand. “The strength of small companies lies in being able to quickly adapt and deliver customer requests. Customers keep demanding for better, so we keep innovating for the better,” Shimizu explained. “In Japan, there is a philosophy called magokoro, which means sincerity or devotion. It is the ultimate made-in-Japan asset. And we’ve made it a point to center our operations around this philosophy,” Kashiwagi said. With the compelling need for Japanese companies to find stronger and more sustainable growth prospects, packaging products maker <a href="http://www.osk.co.jp/en.html" target="_blank">Ohishi Sangyo</a> has identified Southeast Asia as its most promising market. “In the last 20 years, Japan lost a lot of big players and demand sharply declined. Many companies decided to open in other Asian markets. That is why we now have a branch office in Singapore and a plant in Malaysia,” says President Norio Okubo. “It is not very easy to do business overseas. To ensure international growth, companies need to modernize products and processes. But Japan will remain important because we still lead in technological innovation and high-quality manufacturing,” Okubo added. Meanwhile, President Masayoshi Funahashi of <a href="http://www.artlineworld.com/" target="_blank">Shachihata</a>, a leading maker of writing instruments and stampers, attributes the company’s success to its ability to design pens, markers and stampers that address and adapt to the ever-changing consumer taste. “Using skills we have cultivated, we have developed our latest machine, the <a href="https://quixclub.com/" target="_blank">QuiX</a>, where you can easily customize your stamps,” Funahashi said. “The domestic market is diminishing and competition grows more stiff. That is why I expect more potential from our international operations. In fact, we mostly offer our latest markers to the international markets first,” Funahashi said. Helping out small companies that want a bigger global presence but don’t have the resources, trading company <a href="http://www.yashimasangyo.co.jp/english/index.html" target="_blank">Yashima Sangyo</a> has acted as a major connector between Japanese and foreign businesses. “Our company aims to introduce Japanese quality products to the global market, and vice versa. We aim to be a partner in global expansion for companies worldwide,” President Masatoshi Takamuku said. “Many SMEs have the right products with the perfect quality, but find global expansion to be challenging. My dream is to have an exhibition for the ‘Made in Japan’ brand as a means for Japanese companies to introduce themselves to foreign markets, and help raise the profile of Japanese quality in manufacturing,” he added. Some local government units and nonprofit organizations, such as the <a href="http://www.accj.or.jp/?lang=en" target="_blank">American Chamber of Commerce in Japan</a> and the <a href="http://www.city.kobe.lg.jp/foreign/english/" target="_blank">City of Kobe</a>, have joined the efforts to promote bilateral trade and cooperation. “With this, we applaud the launch of the U.S.-Japan Economic Dialogue by Vice President Pence and Deputy Prime Minister Aso in April 2017,” ACCJ Representative Christopher LaFleur said. “Its focus on setting high trade and investment standards and reducing market barriers aligns with the need we see on both sides, and we hope the positive agenda will continue,” he also said. Already known as one of Japan’s most dynamic cities and the base of many major global companies, Kobe has intensified efforts to spur further growth through programs aimed specifically at helping entrepreneurs turn their ideas into reality. “We are making Kobe into a city where startups can thrive. Kobe has developed into a thriving, multi-faceted city and we, with the rest of Japan, will continue that pioneering spirit for years to come,” Mayor Kizo Hisamoto said. Recently, Kobe collaborated with US-based seed investment fund <a href="https://500.co/" target="_blank">500 Startups</a> in an accelerator program. It was the first such collaborative program with a Silicon Valley venture capital fund in Japan.
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 - content_oldEver since it gained independence in 1965, Singapore has transformed itself many times to adapt to the changing global economic landscape. In just two generations, the tiny city-state has developed into one of the world’s richest and most technologically advanced economies. In March of 2015, the country mourned the death of its founder, Lee Kuan Yew. While marking the 50th anniversary of independence later that year in August, the so-called Asian Tiger, still confident of its future, asked itself: How does The Little Red Dot stay relevant for the next 50 years? “Our strategies in the past have worked for us. While they continue to be relevant, global changes and current circumstances also offer us new opportunities,” said <a href="http://www.pmo.gov.sg/cabinet/mr-chan-chun-sing" target="_blank">Chan Chun Sing, Minister in the Prime Minister’s Office</a>, who is also Secretary-General of the <a href="https://www.ntuc.org.sg/wps/portal/up2/home" target="_blank">National Trades Union Congress</a> and a member of the <a href="https://www.gov.sg/microsites/future-economy" target="_blank">Future Economy Council</a>, which maintains labor competitiveness and steers its industries to adjust to global shifts. Having limited resources and bound by larger countries, Singapore realized early it had to surmount those geographical challenges. Today, its basic strategies remain the same: invest heavily in human capital, remain open and connected to the world, and provide a stable and transparent business environment. “Given that we are facing technological disruptions and have attained a certain level of economic development, there are new areas that Singapore can leverage, such as the digital revolution,” Chan said. Seeing data as a resource, Singapore has joined a global trend in developing urban solutions in line with its <a href="https://www.smartnation.sg/" target="_blank">Smart Nation movement</a>. “Connectivity, such as financial and data connectivity, is another area that can thrive. This goes beyond the air, land, and sea links that we have invested and will continue to invest in,” the minister said. To achieve this, Singapore uses education to transform its workforce and industries. “We have to reimagine a new way of learning and delivering knowledge to our people. Speed of delivery and relevance to industry are some things to bear in mind. Other countries may be talking about the same things, so how do we distinguish ourselves?” Chan said. Execution has always been Singapore’s strength. “We have always had a true tripartite system. Government, labor and businesses execute strategies as a closely-knit unit. That is what will put us in good standing,” the minister said. “This new wave of technological changes actually favors city-states like ours. If we get those basics, policies, focus, and training right, then there’s absolutely no reason we can’t have another 50 or 100 years of good progress for this nation,” he added. Opportunities In and Out of Singapore With just over five million people, Singaporean companies are in a constant search for overseas markets. But thanks to state-run <a href="https://www.iesingapore.gov.sg/" target="_blank">International Enterprise (IE) Singapore</a>, companies get support in terms of due diligence, market intelligence, and lead generation. “IE Singapore helped identify what was noise and what were real opportunities. If not for them, we would have kept banging on doors that would not open,” recalled Melvin Tan, Managing Director of <a href="https://www.cyclect.com.sg/cyclect/" target="_blank">Cyclect Group</a>, an integrated construction, engineering, construction and project management company present in eight countries. Like Cyclect, specialist medical services provider <a href="https://www.sog.com.sg/" target="_blank">Singapore O&G (SOG)</a> is looking into regional expansion following its IPO in 2015. CEO Victor Ng said: “We are the first company focusing on women’s health that was publicly listed on the Singapore Exchange. We did that to grow strategically.” SOG subsequently acquired a well-known aesthetic medical group to add to its mainstream obstetrics and gynecology pillar. With women’s cancer and paediatrics as its newest specialities, SOG plans to expand overseas through partnerships with doctors and clinics abroad. As Asia eclipses other parts of the world in terms of growth, investor interest in the region has increased, with Singapore seeing a steady stream of capital coming in from global companies, many of them from the United States. “We represent roughly 700 companies - both U.S. and non-U.S. - at <a href="http://www.amcham.org.sg/" target="_blank">AmCham Singapore</a>. And the presence of U.S. companies continues to grow,” said <a href="http://www.amcham.org.sg/staff/ashley-mcinerney/" target="_blank">Ashley McInerney</a>, Head of Business Development and Operations of the American Chamber of Commerce in Singapore. “The government’s transparency and agility are phenomenal. It is what is most attractive about doing business here. Our members regularly have opportunities to engage with top government officials and discuss areas either the government or the private sector needs assistance with. The dialogue allows us to bridge the gap and facilitate swift solutions to challenges as they arise,” McInerney added. “AmCham Singapore is on the cusp of its 45th anniversary. Throughout, we’ve cultivated close working relationships with business and government leaders. It’s built around a mutual commitment to growing the economy and enhancing business relationships in Singapore and the region. As we look ahead, we are going to continue doing exactly that,” she also said.
 - contentEver since it gained independence in 1965, Singapore has transformed itself many times to adapt to the changing global economic landscape. In just two generations, the tiny city-state has developed into one of the world’s richest and most technologically advanced economies. In March of 2015, the country mourned the death of its founder, Lee Kuan Yew. While marking the 50th anniversary of independence later that year in August, the so-called Asian Tiger, still confident of its future, asked itself: How does The Little Red Dot stay relevant for the next 50 years? “Our strategies in the past have worked for us. While they continue to be relevant, global changes and current circumstances also offer us new opportunities,” said <a href="http://www.pmo.gov.sg/cabinet/mr-chan-chun-sing" target="_blank">Chan Chun Sing, Minister in the Prime Minister’s Office</a>, who is also Secretary-General of the <a href="https://www.ntuc.org.sg/wps/portal/up2/home" target="_blank">National Trades Union Congress</a> and a member of the <a href="https://www.gov.sg/microsites/future-economy" target="_blank">Future Economy Council</a>, which maintains labor competitiveness and steers its industries to adjust to global shifts. Having limited resources and bound by larger countries, Singapore realized early it had to surmount those geographical challenges. Today, its basic strategies remain the same: invest heavily in human capital, remain open and connected to the world, and provide a stable and transparent business environment. “Given that we are facing technological disruptions and have attained a certain level of economic development, there are new areas that Singapore can leverage, such as the digital revolution,” Chan said. Seeing data as a resource, Singapore has joined a global trend in developing urban solutions in line with its <a href="https://www.smartnation.sg/" target="_blank">Smart Nation movement</a>. “Connectivity, such as financial and data connectivity, is another area that can thrive. This goes beyond the air, land, and sea links that we have invested and will continue to invest in,” the minister said. To achieve this, Singapore uses education to transform its workforce and industries. “We have to reimagine a new way of learning and delivering knowledge to our people. Speed of delivery and relevance to industry are some things to bear in mind. Other countries may be talking about the same things, so how do we distinguish ourselves?” Chan said. Execution has always been Singapore’s strength. “We have always had a true tripartite system. Government, labor and businesses execute strategies as a closely-knit unit. That is what will put us in good standing,” the minister said. “This new wave of technological changes actually favors city-states like ours. If we get those basics, policies, focus, and training right, then there’s absolutely no reason we can’t have another 50 or 100 years of good progress for this nation,” he added. Opportunities In and Out of Singapore With just over five million people, Singaporean companies are in a constant search for overseas markets. But thanks to state-run <a href="https://www.iesingapore.gov.sg/" target="_blank">International Enterprise (IE) Singapore</a>, companies get support in terms of due diligence, market intelligence, and lead generation. “IE Singapore helped identify what was noise and what were real opportunities. If not for them, we would have kept banging on doors that would not open,” recalled Melvin Tan, Managing Director of <a href="https://www.cyclect.com.sg/cyclect/" target="_blank">Cyclect Group</a>, an integrated construction, engineering, construction and project management company present in eight countries. Like Cyclect, specialist medical services provider <a href="https://www.sog.com.sg/" target="_blank">Singapore O&G (SOG)</a> is looking into regional expansion following its IPO in 2015. CEO Victor Ng said: “We are the first company focusing on women’s health that was publicly listed on the Singapore Exchange. We did that to grow strategically.” SOG subsequently acquired a well-known aesthetic medical group to add to its mainstream obstetrics and gynecology pillar. With women’s cancer and paediatrics as its newest specialities, SOG plans to expand overseas through partnerships with doctors and clinics abroad. As Asia eclipses other parts of the world in terms of growth, investor interest in the region has increased, with Singapore seeing a steady stream of capital coming in from global companies, many of them from the United States. “We represent roughly 700 companies - both U.S. and non-U.S. - at <a href="http://www.amcham.org.sg/" target="_blank">AmCham Singapore</a>. And the presence of U.S. companies continues to grow,” said <a href="http://www.amcham.org.sg/staff/ashley-mcinerney/" target="_blank">Ashley McInerney</a>, Head of Business Development and Operations of the American Chamber of Commerce in Singapore. “The government’s transparency and agility are phenomenal. It is what is most attractive about doing business here. Our members regularly have opportunities to engage with top government officials and discuss areas either the government or the private sector needs assistance with. The dialogue allows us to bridge the gap and facilitate swift solutions to challenges as they arise,” McInerney added. “AmCham Singapore is on the cusp of its 45th anniversary. Throughout, we’ve cultivated close working relationships with business and government leaders. It’s built around a mutual commitment to growing the economy and enhancing business relationships in Singapore and the region. As we look ahead, we are going to continue doing exactly that,” she also said.
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 - content_oldAs an innovator in a wide range of industries, Japan has exported its game changing technologies and expertise to the rest of the world. However, over the past two decades, its economy has experienced sluggish growth. Maintaining its position as the third’s largest economy, Japan continues to find new ways in creating economic boost. “As the Japanese government works on a wide range of policies aimed at stimulating economic growth, the ACCJ has offered policy prescriptions that encourage further reform and growth in Japan,” said Christopher LaFleur, President of the <a href="http://www.accj.or.jp/" target="_blank">American Chamber of Commerce in Japan</a>. Earlier this year, <a href="http://japan.kantei.go.jp/96_abe/meibo/daijin/abe_e.html" target="_blank">Prime Minister Shinzo Abe</a> reiterated that his top priority continues to be economic growth, with accelerating Abenomics being key. Introduced in 2012, Abenomics is a set of economic policies combining aggressive fiscal spending, monetary policy, and structural reform. Open for business “The ACCJ appreciates all the hard work done by the Japanese government and we look forward to working with them on a number of issues that will make Japan an even more promising place to do business,” said LaFleur. In the past, Japan faced fierce competition as an investment destination with the rise of mainland China, Hong Kong and Singapore. High costs, an aging society and a language barrier did not help Japan’s goal to attract more foreign investment. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Japan%202017/FA-JAPAN-2017-LEAD-ARTICLE-JETRO.jpg" alt="" width="346" height="500" /><figcaption class="image-caption">Japan External Trade Organization Chairman Hiroyuki Ishige</figcaption></figure> “These negative perceptions are old concepts. As for business costs, the average office rent in Tokyo is lower than in Singapore and Hong Kong. According to an OECD survey, labor costs in Tokyo are actually lower than that of major developed countries,” said <a href="https://www.jetro.go.jp/en/jetro/profile/message.html" target="_blank">Hiroyuki Ishige, Chairman</a> of the <a href="https://www.jetro.go.jp/en/" target="_blank">Japan External Trade Organization (JETRO)</a>, the main agency tasked to promote inbound foreign direct investment (FDI) in order to strengthen international collaboration and drive economic growth. To increase FDI, JETRO works in coordination with the government to improve the business environment by helping to simplify regulations and establish rules for corporate governance. “We want to give a unified message that Japan has changed and is open for business,” stressed Ishige. Amid the government’s determined efforts to jumpstart the economy, with FDI pouring into Japan and Japanese companies seeking more investment opportunities abroad, the country’s law firms have begun to strengthen their presence around the world. <a href="http://www.aplaw.jp/en/firm/" target="_blank">Atsumi & Sakai (A&S),</a> a full-service firm with overseas offices in London and Frankfurt, caters to Japanese companies expanding abroad, as well as foreign companies entering Japan. “People are saying the Japanese market is shrinking, but we can see that it is still expanding in certain industries such as pharmaceutical, healthcare and renewable energy. In addition, Internet of Things and artificial intelligence have also been hot topics in Japan,” revealed <a href="http://www.aplaw.jp/en/lawyers/hiroo-atsumi/" target="_blank">A&S Managing Partner Hiroo Atsumi.</a> To assist the influx of foreign investors penetrating the Japanese market, <a href="https://www.aplaw.jp/en/news/20160920-1/" target="_blank">A&S in partnership with Tricor K.K., launched a “One-Stop Japan FDI Support Service” in 2016.</a> “Our motto is ‘a compass to find your way.’ With our experience, we can better assist companies in establishing themselves locally and internationally,” said Atsumi. Tourism: new economic pillar With Japan hosting the <a href="https://tokyo2020.jp/en/" target="_blank">Olympics and Paralympics in 2020</a>, the Japanese government hopes to reinvigorate the country’s overall economy with the expected deluge of tourists. “The government has focused on tourism for economic growth. By making tourism an economic pillar, the government hopes to utilize the industry as a driver of local revitalization,” said <a href="http://www.mlit.go.jp/kankocho/en/index.html" target="_blank">JTA Commissioner Akihiko Tamura.</a> Having reached its target of 20 million annual visitors four years early, Japan has set a new target of 40 million by 2020. To increase the effectiveness of its campaign, JTA and <a href="https://www.jnto.go.jp/" target="_blank">Japan National Tourism Organization (JNTO)</a> have partnered with several industry- related organizations. “In 2003, the ‘Visit Japan’ campaign was launched. And that was the beginning of the increased importance of tourism in the country,” said <a href="http://www.jnto.go.jp/eng/topics/2011/president_message.html" target="_blank">JNTO President Ryoichi Matsuyama.</a> Recently, JNTO and JTA launched major campaigns to promote the diversity of Japan’s attractions outside the <a href="http://www.jnto.go.jp/engpre2/location/routes/g_route/index.html" target="_blank">“Golden Route” of Tokyo, Osaka and Kyoto</a> and highlight the country’s year-round beauty, unique festivals, and distinct cuisine. To further encourage travel outside the Golden Route, the government and the private sector have upgraded its airports, raised the number of hotel rooms, increased English signage and trained more tourism professionals. Contributing to national efforts to facilitate stress-free travel, <a href="http://www.orico.co.jp/" target="_blank">Orient Corporation (Orico)</a>, a provider of various payment settlement services, is assisting towards the creation of a cashless economy in Japan by Tokyo 2020. “Extensive infrastructure development and collaboration with every local shop are needed for such cashless settlement. Having a cashless society will greatly help stimulate local economy,” explained <a href="http://www.orico.co.jp/company/corporate/message/" target="_blank">Orico President Masaaki Kono.</a> “I believe we are the only consumer finance company in Japan that has a business base in every single prefecture. With this advantage, we have a role to play in contributing to local economy revitalization.” Tokyo 2020 hopes to show the world how Japan will successfully stage a sustainable Olympic Games and display its unique position as the crossroads of traditional culture and leading-edge technology. New generation cosmetics Incorporated in 2011 by CEO Osamu Maeda, <a href="http://zlc.jp/en/index.html" target="_blank">ZEAL Cosmetics</a>, in cooperation with Prof. Yasuhiro Tsukamoto, introduced antibody-based skin care products to the world. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Japan%202017/FA-JAPAN-2017-LEAD-ARTICLE-Z-GROUP.jpg" alt="" width="242" height="250" /><figcaption class="image-caption">ZEAL Cosmetics CEO Osamu Maeda</figcaption></figure> The mass production of antibodies involves extracting durable, heat-resistant, high reactive antibodies from unfertilized ostrich eggs. ZEAL utilizes this method to also make agriculture, food, and household products, among others. ZEAL is a vital partner in the global battle against infectious diseases such as Zika, MERS and flu viruses (including bird flu) as it provides effective preventative care against these diseases. “We are always open to new strategic business partners in all industries to create long-term goals in each market to solve real problems in each geographic region, with a focus on the United States in 2017,” said Maeda. “We have been working with the Better Future Foundation in providing our antibody technology to protect underprivileged children from infectious diseases around the world.”
 - contentAs an innovator in a wide range of industries, Japan has exported its game changing technologies and expertise to the rest of the world. However, over the past two decades, its economy has experienced sluggish growth. Maintaining its position as the third’s largest economy, Japan continues to find new ways in creating economic boost. “As the Japanese government works on a wide range of policies aimed at stimulating economic growth, the ACCJ has offered policy prescriptions that encourage further reform and growth in Japan,” said Christopher LaFleur, President of the <a href="http://www.accj.or.jp/" target="_blank">American Chamber of Commerce in Japan</a>. Earlier this year, <a href="http://japan.kantei.go.jp/96_abe/meibo/daijin/abe_e.html" target="_blank">Prime Minister Shinzo Abe</a> reiterated that his top priority continues to be economic growth, with accelerating Abenomics being key. Introduced in 2012, Abenomics is a set of economic policies combining aggressive fiscal spending, monetary policy, and structural reform. Open for business “The ACCJ appreciates all the hard work done by the Japanese government and we look forward to working with them on a number of issues that will make Japan an even more promising place to do business,” said LaFleur. In the past, Japan faced fierce competition as an investment destination with the rise of mainland China, Hong Kong and Singapore. High costs, an aging society and a language barrier did not help Japan’s goal to attract more foreign investment. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Japan%202017/FA-JAPAN-2017-LEAD-ARTICLE-JETRO.jpg" alt="" width="346" height="500" /><figcaption class="image-caption">Japan External Trade Organization Chairman Hiroyuki Ishige</figcaption></figure> “These negative perceptions are old concepts. As for business costs, the average office rent in Tokyo is lower than in Singapore and Hong Kong. According to an OECD survey, labor costs in Tokyo are actually lower than that of major developed countries,” said <a href="https://www.jetro.go.jp/en/jetro/profile/message.html" target="_blank">Hiroyuki Ishige, Chairman</a> of the <a href="https://www.jetro.go.jp/en/" target="_blank">Japan External Trade Organization (JETRO)</a>, the main agency tasked to promote inbound foreign direct investment (FDI) in order to strengthen international collaboration and drive economic growth. To increase FDI, JETRO works in coordination with the government to improve the business environment by helping to simplify regulations and establish rules for corporate governance. “We want to give a unified message that Japan has changed and is open for business,” stressed Ishige. Amid the government’s determined efforts to jumpstart the economy, with FDI pouring into Japan and Japanese companies seeking more investment opportunities abroad, the country’s law firms have begun to strengthen their presence around the world. <a href="http://www.aplaw.jp/en/firm/" target="_blank">Atsumi & Sakai (A&S),</a> a full-service firm with overseas offices in London and Frankfurt, caters to Japanese companies expanding abroad, as well as foreign companies entering Japan. “People are saying the Japanese market is shrinking, but we can see that it is still expanding in certain industries such as pharmaceutical, healthcare and renewable energy. In addition, Internet of Things and artificial intelligence have also been hot topics in Japan,” revealed <a href="http://www.aplaw.jp/en/lawyers/hiroo-atsumi/" target="_blank">A&S Managing Partner Hiroo Atsumi.</a> To assist the influx of foreign investors penetrating the Japanese market, <a href="https://www.aplaw.jp/en/news/20160920-1/" target="_blank">A&S in partnership with Tricor K.K., launched a “One-Stop Japan FDI Support Service” in 2016.</a> “Our motto is ‘a compass to find your way.’ With our experience, we can better assist companies in establishing themselves locally and internationally,” said Atsumi. Tourism: new economic pillar With Japan hosting the <a href="https://tokyo2020.jp/en/" target="_blank">Olympics and Paralympics in 2020</a>, the Japanese government hopes to reinvigorate the country’s overall economy with the expected deluge of tourists. “The government has focused on tourism for economic growth. By making tourism an economic pillar, the government hopes to utilize the industry as a driver of local revitalization,” said <a href="http://www.mlit.go.jp/kankocho/en/index.html" target="_blank">JTA Commissioner Akihiko Tamura.</a> Having reached its target of 20 million annual visitors four years early, Japan has set a new target of 40 million by 2020. To increase the effectiveness of its campaign, JTA and <a href="https://www.jnto.go.jp/" target="_blank">Japan National Tourism Organization (JNTO)</a> have partnered with several industry- related organizations. “In 2003, the ‘Visit Japan’ campaign was launched. And that was the beginning of the increased importance of tourism in the country,” said <a href="http://www.jnto.go.jp/eng/topics/2011/president_message.html" target="_blank">JNTO President Ryoichi Matsuyama.</a> Recently, JNTO and JTA launched major campaigns to promote the diversity of Japan’s attractions outside the <a href="http://www.jnto.go.jp/engpre2/location/routes/g_route/index.html" target="_blank">“Golden Route” of Tokyo, Osaka and Kyoto</a> and highlight the country’s year-round beauty, unique festivals, and distinct cuisine. To further encourage travel outside the Golden Route, the government and the private sector have upgraded its airports, raised the number of hotel rooms, increased English signage and trained more tourism professionals. Contributing to national efforts to facilitate stress-free travel, <a href="http://www.orico.co.jp/" target="_blank">Orient Corporation (Orico)</a>, a provider of various payment settlement services, is assisting towards the creation of a cashless economy in Japan by Tokyo 2020. “Extensive infrastructure development and collaboration with every local shop are needed for such cashless settlement. Having a cashless society will greatly help stimulate local economy,” explained <a href="http://www.orico.co.jp/company/corporate/message/" target="_blank">Orico President Masaaki Kono.</a> “I believe we are the only consumer finance company in Japan that has a business base in every single prefecture. With this advantage, we have a role to play in contributing to local economy revitalization.” Tokyo 2020 hopes to show the world how Japan will successfully stage a sustainable Olympic Games and display its unique position as the crossroads of traditional culture and leading-edge technology. New generation cosmetics Incorporated in 2011 by CEO Osamu Maeda, <a href="http://zlc.jp/en/index.html" target="_blank">ZEAL Cosmetics</a>, in cooperation with Prof. Yasuhiro Tsukamoto, introduced antibody-based skin care products to the world. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Japan%202017/FA-JAPAN-2017-LEAD-ARTICLE-Z-GROUP.jpg" alt="" width="242" height="250" /><figcaption class="image-caption">ZEAL Cosmetics CEO Osamu Maeda</figcaption></figure> The mass production of antibodies involves extracting durable, heat-resistant, high reactive antibodies from unfertilized ostrich eggs. ZEAL utilizes this method to also make agriculture, food, and household products, among others. ZEAL is a vital partner in the global battle against infectious diseases such as Zika, MERS and flu viruses (including bird flu) as it provides effective preventative care against these diseases. “We are always open to new strategic business partners in all industries to create long-term goals in each market to solve real problems in each geographic region, with a focus on the United States in 2017,” said Maeda. “We have been working with the Better Future Foundation in providing our antibody technology to protect underprivileged children from infectious diseases around the world.”
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 - content_oldDespite the deep economic challenges faced by Japan, foreign companies have staked their long-term future in the world’s third-largest economy, which continues to develop pioneering technology and make the products that improve the lives of billions of people around the world. “Japan is a major economy and a major target for American business and I expect it to remain so in the future,” said <a href="http://www.accj.or.jp/en/news-a-media/press-releases/doc_view/670-christopher-lafleur-is-elected-president-of-the-american-chamber-of-commerce-in-japan-for-2016">Christopher LaFleur</a>, the president of the <a href="http://www.accj.or.jp/">American Chamber of Commerce in Japan (ACCJ).</a> One of Japan’s biggest challenges is its aging population. While the growing number of the elderly has led to opportunities for the healthcare and pharmaceutical industries, the country, at the same time, had to deal with a shrinking domestic market and, as a result, had to seek growth opportunities abroad. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Japan%202017/FA-JAPAN-2017-BLOG-WK-2-CHRISTOPHER-LA-FLEUR-ACCJ-PRESIDENT.jpg" alt="" width="442" height="288" /><figcaption class="image-caption">With American Chamber of Commerce in Japan President Christopher LaFleur</figcaption></figure> The government has supported various industries through changes in monetary policy, structural reform, and corporate governance, to name a few. These measures have helped many small- to medium-sized companies, which dominate the Japanese market. “Even if you face a challenge, Japan is a tremendously well-off place. It can still be a growth market but you have to be aware that relative to other potential markets, the size of the market may be shrinking. The question is: Does the value you put into the market justify the investments?” LaFleur commented. One industry that has seen worldwide growth is electrical machinery and home appliances. The focus for companies in this sector has been to diversify through the development of green and energy-saving technology. While competition is getting tougher, Japan enjoys the advantage of a reputation for high quality. “The Japanese market is very demanding. We have to offer exactly what the customers require. Constant effort is needed to make products technologically better. We must always focus on innovation,” stressed Kiyoshi Ebizuka, the president of the <a href="http://www.jema-net.or.jp/English/">Japan Electric Manufacturer’s Association (JEMA).</a> JEMA knows that Japan’s economic growth has stagnated and therefore, companies need to innovate in order to create opportunities both domestically and abroad. Working with the government to promote innovation, they open up the market for long-term investments. As an entity, JEMA has assumed the important responsibility to look after SMEs and ensure that they keep up with larger corporations. “I hope that through those efforts, we can ensure that the Japanese electrical industry keeps on growing,” Ebizuka said. While many equate Japan with high quality products, not many know that its homegrown services in IT and management have created a name for themselves around the world. <a href="http://www.nri.com/">Nomura Research Institute (NRI)</a> had to expand abroad to compensate for the slowdown in the domestic market. “The IT industry in Japan is able to grow domestically. But given the population and current market situation, it is important for us to go global to secure profits in the future,” <a href="http://www.nri.com/global/company/message.html">NRI President and CEO Shingo Konomoto</a> said. To boost its growth, NRI merged or acquired companies that had the same business model and complementary services. It worked with Japanese companies that went global in an attempt to assisting them grow in new markets. Its impeccable track record in Japan has readily inspired trust among their potential partners at home and overseas. “We pursue quality, which is our strength. Maybe it boils down to the nature of Japanese nationals. Japanese consumers are very strict in the level of quality that they seek. So, Japanese companies are ‘trained’ on this strict consumer supervision. We take that high quality for granted here in Japan. But when we go abroad, people are so amazed at the quality we can provide,” Konomoto said.
 - contentDespite the deep economic challenges faced by Japan, foreign companies have staked their long-term future in the world’s third-largest economy, which continues to develop pioneering technology and make the products that improve the lives of billions of people around the world. “Japan is a major economy and a major target for American business and I expect it to remain so in the future,” said <a href="http://www.accj.or.jp/en/news-a-media/press-releases/doc_view/670-christopher-lafleur-is-elected-president-of-the-american-chamber-of-commerce-in-japan-for-2016">Christopher LaFleur</a>, the president of the <a href="http://www.accj.or.jp/">American Chamber of Commerce in Japan (ACCJ).</a> One of Japan’s biggest challenges is its aging population. While the growing number of the elderly has led to opportunities for the healthcare and pharmaceutical industries, the country, at the same time, had to deal with a shrinking domestic market and, as a result, had to seek growth opportunities abroad. <figure class="image-container floated-right" style="float: right;"><img src="http://gmipost.com/img/uploads/Japan%202017/FA-JAPAN-2017-BLOG-WK-2-CHRISTOPHER-LA-FLEUR-ACCJ-PRESIDENT.jpg" alt="" width="442" height="288" /><figcaption class="image-caption">With American Chamber of Commerce in Japan President Christopher LaFleur</figcaption></figure> The government has supported various industries through changes in monetary policy, structural reform, and corporate governance, to name a few. These measures have helped many small- to medium-sized companies, which dominate the Japanese market. “Even if you face a challenge, Japan is a tremendously well-off place. It can still be a growth market but you have to be aware that relative to other potential markets, the size of the market may be shrinking. The question is: Does the value you put into the market justify the investments?” LaFleur commented. One industry that has seen worldwide growth is electrical machinery and home appliances. The focus for companies in this sector has been to diversify through the development of green and energy-saving technology. While competition is getting tougher, Japan enjoys the advantage of a reputation for high quality. “The Japanese market is very demanding. We have to offer exactly what the customers require. Constant effort is needed to make products technologically better. We must always focus on innovation,” stressed Kiyoshi Ebizuka, the president of the <a href="http://www.jema-net.or.jp/English/">Japan Electric Manufacturer’s Association (JEMA).</a> JEMA knows that Japan’s economic growth has stagnated and therefore, companies need to innovate in order to create opportunities both domestically and abroad. Working with the government to promote innovation, they open up the market for long-term investments. As an entity, JEMA has assumed the important responsibility to look after SMEs and ensure that they keep up with larger corporations. “I hope that through those efforts, we can ensure that the Japanese electrical industry keeps on growing,” Ebizuka said. While many equate Japan with high quality products, not many know that its homegrown services in IT and management have created a name for themselves around the world. <a href="http://www.nri.com/">Nomura Research Institute (NRI)</a> had to expand abroad to compensate for the slowdown in the domestic market. “The IT industry in Japan is able to grow domestically. But given the population and current market situation, it is important for us to go global to secure profits in the future,” <a href="http://www.nri.com/global/company/message.html">NRI President and CEO Shingo Konomoto</a> said. To boost its growth, NRI merged or acquired companies that had the same business model and complementary services. It worked with Japanese companies that went global in an attempt to assisting them grow in new markets. Its impeccable track record in Japan has readily inspired trust among their potential partners at home and overseas. “We pursue quality, which is our strength. Maybe it boils down to the nature of Japanese nationals. Japanese consumers are very strict in the level of quality that they seek. So, Japanese companies are ‘trained’ on this strict consumer supervision. We take that high quality for granted here in Japan. But when we go abroad, people are so amazed at the quality we can provide,” Konomoto said.
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 contentAlberta, Canada is capitalizing on its proximity to the United States, its northern neighbor, to promote itself as the ideal location for investment and as a global leader in sustainable development.
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 contentAccording to the National Economic and Development Authority, the Philippine economy will hit its targets for 2023, given the continued growth of the gross domestic product and inflow of foreign direct investment.
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 contentA nation respectful of centuries-old traditions, Japan is also the well-spring of the world’s future. The high-speed train, the Walkman and humanoid robots are just a few Japanese inventions that have transformed the lives of people across this planet. This small nation achieved its prowess in technological innovation because of its unwavering commitment to improving its education system.
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 contentBrexit. The Covid-19 pandemic. The death of a beloved monarch. Over the last seven years, the United Kingdom has gone through a lot. Yet, the deeply-rooted pioneering spirit has remained alive in the country that gave birth to the Industrial Revolution.
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 titleEducation in the Commonwealth 2022
 descriptionThrough this second edition of Guide to Education in the Commonwealth, GMI Post hopes to present Chinese students with well-regarded options in Australia, Canada and the United Kingdom for quality education, both in secondary, college and post-graduate levels.
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 contentThrough this second edition of Guide to Education in the Commonwealth, GMI Post hopes to present Chinese students with well-regarded options in Australia, Canada and the United Kingdom for quality education, both in secondary, college and post-graduate levels.
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 titleEducation in Asia Pacific 2022
 descriptionThe world's fastest-growing region, Asia has remained the main driver of the global economy for nearly half a century. At the heart of the continent's impressive growth have been value-added manufacturing, high tech innovation and, in the last decade, education. As the leaders of Asian technological innovation, Japan, South Korea and mainland China continue to impress the world with life-changing gadgets and planet-saving technology developed by locals in laboratories and R&D centers at home. That strength has naturally spread to neighboring Asian economies, like Singapore, Malaysia, Indonesia and Thailand.
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 contentThe world’s fastest-growing region, Asia has remained the main driver of the global economy for nearly half a century. At the heart of the continent’s impressive growth have been value-added manufacturing, high tech innovation and, in the last decade, education. As the leaders of Asian technological innovation, Japan, South Korea and mainland China continue to impress the world with life-changing gadgets and planet-saving technology developed by locals in laboratories and R&D centers at home. That strength has naturally spread to neighboring Asian economies, like Singapore, Malaysia, Indonesia and Thailand.
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 titleEducation in Western Europe 2021
 descriptionGMI Post is putting together the first-ever Guide to Education in Western Europe to be published in Mandarin in Forbes China magazine in mid-2021. As the ongoing SARS-CoV-2 global pandemic gives Chinese students much fewer choices to study abroad, Western Europe remains a safe and attractive destination to a quality education. More than ever, Chinese parents and students need reliable information about the current global educational landscape and their options. Apart from promoting the entire region as an excellent, open and secure destination, the guide will also feature some of Western Europe’s best and most reputable universities and educational institutions. Any inquiries regarding this report can be directed to Danelle Ong and Maria Sanchez.
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 contentGMI Post is putting together the first-ever Guide to Education in Western Europe to be published in Mandarin in Forbes China magazine in mid-2021. As the ongoing SARS-CoV-2 global pandemic gives Chinese students much fewer choices to study abroad, Western Europe remains a safe and attractive destination to a quality education. More than ever, Chinese parents and students need reliable information about the current global educational landscape and their options. Apart from promoting the entire region as an excellent, open and secure destination, the guide will also feature some of Western Europe’s best and most reputable universities and educational institutions. Any inquiries regarding this report can be directed to <a href="mailto:danelle@gmipost.com?subject=Report%20on%20Education%20in%20Western%20Europe" target="_blank" rel="noopener">Danelle Ong</a> and <a href="mailto:maria@gmipost.com?subject=Report%20on%20Education%20in%20Western%20Europe" target="_blank" rel="noopener">Maria Sanchez</a>.
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 titleGreece 2021
 descriptionFollowing the disruption caused by the SARS-CoV-2 global pandemic last year, GMI Post is preparing a second Special Report on Greece, which will again highlight the country’s main economic players and hidden champions. The special report is planned for this summer to coincide with the opening of the postponed Tokyo Olympics. While the SARS-CoV-2 pandemic reversed the solid gains made by Greece in 2018, when the country exited its economic bailout program, the country is getting back up on its feet with cautious optimism as the government led by Prime Minister Kyriakos Mistotakis efficiently oversees its vaccination rollout. Analysts predict that Greece’s GDP to grow between 3.5 and 4.0 percent in the coming months.
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 contentFollowing the disruption caused by the SARS-CoV-2 global pandemic last year, GMI Post is preparing a second Special Report on Greece, which will again highlight the country’s main economic players and hidden champions. The special report is planned for this summer to coincide with the opening of the postponed Tokyo Olympics. While the SARS-CoV-2 pandemic reversed the solid gains made by Greece in 2018, when the country exited its economic bailout program, the country is getting back up on its feet with cautious optimism as the government led by Prime Minister Kyriakos Mistotakis efficiently oversees its vaccination rollout. Analysts predict that Greece’s GDP to grow between 3.5 and 4.0 percent in the coming months. Supporting this prediction is the EU-Japan Economic Partnership Agreement, which came into effect in 2019, created the world’s largest free trade zone, and gave a strong boost to Greek agri-food exporters. In fact, only one year after the EU-Japan EPA came into effect, Greek exports to Japan doubled. The upcoming report will highlight Greece’s highly profitable prospects outside the EU and identify valuable investment opportunities for Japanese companies. Inquiries regarding this report can be directed to Project Coordinator <a href="mailto:francis@gmipost.com?subject=Special%20Report%20on%20Greece" target="_blank" rel="noopener">Francis Pacheco</a>.
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 titleIreland 2020
 descriptionJapan has been a favorite market for Irish companies in the Asia-Pacific region not only because the Japanese value loyalty in business, but also because they share an open-mindedness towards game-changing innovation. In the recent years, Ireland has gained global admiration for becoming a leading hub for technology. It has also convinced some multinational companies to move their European headquarters and main operations bases there. Although medical technology, fin-tech, aviation and engineering have shown impressive growth in exports to Japan, pharmaceuticals remain as the largest Irish export.
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 contentJapan has been a favorite market for Irish companies in the Asia-Pacific region not only because the Japanese value loyalty in business, but also because they share an open-mindedness towards game-changing innovation. In the recent years, Ireland has gained global admiration for becoming a leading hub for technology. It has also convinced some multinational companies to move their European headquarters and main operations bases there. Although medical technology, fin-tech, aviation and engineering have shown impressive growth in exports to Japan, pharmaceuticals remain as the largest Irish export.
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 descriptionAs Japan and Colombia celebrate 112 years of diplomatic relations this year, the world's third-largest economy remains the largest Asian investor in the South American economy and plans to further expand its investment in the country. Continuing its coverage of South America in The Japan Times, GMI Post explores Colombia's partnership with Japan and will cover the cities of Medellin, Cartagena, and Cali. Seven years after its previous report on Colombia, GMI Post's team will expand its scope into more sectors, such as legal services, agriculture, food & beverage, education and hospitality.
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 descriptionFollowing the success of the 2016 Report on the U.S. Southwest, GMI POST returns to the states of Colorado, New Mexico, Arizona, Utah and Nevada to the cities, companies and people who shared long cultural and business ties with Japan, as well as offer fresh business opportunities investors in the two countries. As the Japanese government reaffirms its commitment to Society 5.0 initiative - vision for a human-centered society that balances economic progress and social development through the closer integration of physical space and cyberspace - the U.S. Southwest hopes to become an investment destination and an innovation partner for Japanese innovators.
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 titleU.S. Pacific Northwest 2019
 descriptionWhether one prefers to ski down snow-covered peaks, hike up lush mountains or just enjoy a glass of wine on the beach, the Pacific Northwest has attracted a wide range of visitors from around the world, an increasing number of them from Japan. Because of their proximity to Asia, the states of Oregon and Washington have also positioned themselves as ideal partners for business. As the base of some of the world's largest companies, including the most connected technology giants, the two states boast very stable economies, one thing to consider for potential Japanese investors.
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 descriptionGMIPOST is putting together a Special Report on Uruguay to commemorate the 110th anniversary of the arrival of the first Japanese immigrants to the country. As South America's middle market companies continue to grow, Japanese investors closely monitor the developments in this large, dynamic market. Casting a vote of confidence, Japanese giant SoftBank has already invested $5 billion in the region.
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 descriptionAs host of this year's APEC 2019 in November and organizer of the U.N. Climate Change Conference (COP25) in December, Chile will be on the global spotlight again. Over several years, Chile has earned a reputation for being an ideal business hub in South America because of its open economy and business-friendly policies. In the 2018 Global Competitiveness Report, the country was 33rd among other 137 countries and 56th in Ease of Doing Business.
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 descriptionCelebrating more than 25 years of diplomatic relations, Slovakia and Japan have recognized great opportunities for stronger economic cooperation. And as Japan's changing demographics present challenges in terms of domestic growth, around 3.8 million SMEs are seeking opportunities in new overseas markets like Slovakia. With the EU-Japan Economic Partnership Agreement coming into force in February 2019, Slovakia and Japan are well positioned to strengthen their business ties.
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 descriptionCelebrating more than 25 years of diplomatic relations, Estonia and Japan have recognized great opportunities for stronger economic cooperation. And as Japan's changing demographics present domestic challenges, roughly 3.8 million Japanese SMEs are recognizing opportunities for investment in untapped overseas markets like Estonia. With the EU-Japan Economic Partnership Agreement entering into force in February 2019, Estonia and Japan are in excellent positions to further deepen their bonds.
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 titleFrance 2019
 descriptionTentatively set for publication in July/August 2019, the Special Business Report on France will examine France's strongest and fastest growing industries and companies, and the impact these have on the world's development - as well as the country's investment and partnership opportunities. It also aims to strengthen its relationship with other world leaders such as the United States.
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 titleNorthern Italy 2019
 descriptionGlobal Media Inc. continues its coverage of the European Union with its upcoming Special Business Report on Northern Italy. The report, in partnership with the Japan Times, is set for publication in the first quarter of 2019 and will cover the cities of Milan, Turin, Genoa and Venice.
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 descriptionGlobal Media Inc. continues its coverage of the United States with its upcoming Special Business Report on Southeast USA, with the team traveling across West Virginia, Virginia, the Carolinas, and all the way down to Georgia and Florida.
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 descriptionGlobal Media Inc. and Foreign Affairs, following their successful 2013 report, return to Malaysia this year to highlight the country's increasing importance to the global economy. Coming out of retirement, Prime Minister Mahathir Mohamad has unveiled his vision for a "New Malaysia," which focuses on rebuilding a favorable business and investment environment.
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 descriptionStretching from Virginia to Maine, the Mid-Atlantic and New England states were part of the Thirteen Original Colonies that declared independence from Great Britain. Owing to its history, heritage and location, these states contain America's largest population centers and is home to the country's oldest and most prestigious universities, which have become leading innovators in life sciences, engineering, IT, defense, the arts, and culture.
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 descriptionGlobal Media Inc. and Foreign Affairs, following the successful 2012 report, return to Australia this year, to highlight the country's increasing importance to the global economy. After nearly 27 years of economic growth, a record run for a developed nation, Australia remains a top 10 destination for foreign investment. U.S. investment has made an incredible impact on the country, adding around $800 million and hundreds of thousands of jobs to the economy.
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 descriptionIn 2017, Vietnam's GDP growth surged to 6.8 percent, its best performance in ten years. Aiming to have one million efficient companies and privatize 137 state-owned enterprises by 2020, the government remains determined to improve the country's overall business environment through various administrative reforms. Amid these changes, Vietnam has become one of the top investment destinations in the Asia-Pacific as new opportunities continue to arise.
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 descriptionAs the world’s fourth-largest largest economy and Europe’s leading economy, Germany looks to 2018 with pressing issues. How does the German economy keep its dominant position within the European Union, particularly following Brexit next year? Can the country take over from the UK as the region’s leading financial center?
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 titleU.S. Great Lakes 2018
 descriptionWith a relationship going back more than 160 years, the United States and Japan share very deep historical ties. And the Midwest states of Illinois, Wisconsin, Michigan, Indiana and Ohio have played vital roles in strengthening that relationship. Trade and investment between those Great Lakes states and Japan support tens of thousands of jobs and account for billions of dollars every year Global Media Inc. returns to the U.S. Midwest to highlight old success stories and new investment opportunities in the region.
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 descriptionWidely known as an oil-rich state, Qatar has built a reputation over the years as a more diversified economy with a globalized outlook on development. Apart from the usual petrochemical players, the country boasts large local flagships as well as new contributors to its nation-building project.
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 contentWidely known as an oil-rich state, Qatar has built a reputation over the years as a more diversified economy with a globalized outlook on development. Apart from the usual petrochemical players, the country boasts large local flagships as well as new contributors to its nation-building project.
 publication_date2018-02-16
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 titleSingapore 2017
 descriptionAfter celebrating 50 years of independence in 2015, Singapore enters a new phase in its history. With this recalibration, the world is keen to know what's next for the small island-nation, widely emulated as a model of cultural diversity and economic success.
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 titleCambodia 2017
 descriptionHaving shed its image as a strife-ridden country, the Kingdom of Cambodia has made great strides in building a bright, sustainable future for its people. Made up of a population of 15 million, half of which are under 25 years old, Cambodia’s demographics present the perfect condition to speed up economic growth.
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 titleSouthern California 2017
 descriptionDuring his state visit to the United States in April 2016, Japanese Prime Minister Shinzo Abe reaffirmed his confidence that Japan and the United States would “together pave the way toward a new era.” He also acknowledged the “infinite possibilities” for increased Japanese-U.S. collaboration. Global Media Inc. will be revisiting Southern California to prepare a special business report highlighting the ties between Japan and the United States. The report follows the success of the regional reports produced in 2014 and 2015 on the strong Japanese-American links in Los Angeles, San Diego, Northern California, the Midwest USA, Southern USA, Southwest USA, New England and the Atlantic Coast. The special report will provide an update on the strong relationship between Southern California and Japan. As of 2016, Japan stands as the largest source of foreign-owned enterprise (FOE) jobs in Southern California, accounting for 21.7% of all FOE jobs in the region, with 2,440 Japanese-affiliated companies providing over 79,000 jobs. Scheduled to be published in June of 2017, the Special Business Report on Southern California will promote the robust trade and investment environment in the region.
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 titleBolivia 2017
 descriptionWith an annual GDP growth exceeding 5% per year, Bolivia has one of the region's most dynamic economies. Mining of silver, zinc and gold has remained Bolivia's traditional revenue earner. But with a young and growing population, a rising middle class, and enormous tracts of arable land, the country is looking beyond mining and is promoting investments in the services, construction, real estate and agriculture sectors. Bolivia's success is best exemplified by Santa Cruz, once a backwater town of just 40,000 people 50 years ago. Today, the city is home to 3 million Bolivians, or nearly 30% of the country's population, and accounts for almost 40% of Bolivia's economic activity and foreign direct investments. This phenomenal growth is attributed to the city’s strategic location, rich natural resource and more importantly, the residents’ appetite for risk and openness to doing business. Scheduled to be published in the April 2017 in the Japan Times, the Special Business Report on Bolivia will highlight the investment potential of the country and its different cities.
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 titleJapan 2017
 descriptionWith Tokyo set to host the Olympics and Paralympic Games in 2020, Japan hopes to build further on its image as a major global player and spur a much-needed boost to the economy of the world’s third-largest economy. As an innovator in a wide range of industries, Japan has exported its game-changing technologies and expertise with the rest of the world. With its recent entry into the Trans-Pacific Partnership Agreement (TPPA), the country has opened up more opportunities for its companies and entrepreneurs overseas? What does the future hold for this global powerhouse? Scheduled to be published in the March/April 2017 issue of Foreign Affairs, the Special Business Report on Japan will serve as a follow up on two previous reports, including the one in 2013 headlined by Prime Minister Shinzo Abe.
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 contentAs an innovator in a wide range of industries, Japan has exported its game changing technologies and expertise to the rest of the world. However, over the past two decades, its economy has experienced sluggish growth. Maintaining its position as the third’s largest economy, Japan continues to find new ways in creating economic boost. “As the Japanese government works on a wide range of policies aimed at stimulating economic growth, the ACCJ has offered policy prescriptions that encourage further reform and growth in Japan,” said Christopher LaFleur, President of the American Chamber of Commerce in Japan. Earlier this year, Prime Minister Shinzo Abe reiterated that his top priority continues to be economic growth, with accelerating Abenomics being key. Introduced in 2012, Abenomics is a set of economic policies combining aggressive fiscal spending, monetary policy, and structural reform.
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 titleSweden 2016
 descriptionBecause of its readiness to adapt to the rapid changes and huge demands of the global economy, Sweden has remained one of Europe’s most vibrant and stable economies. Once known as a traditional industrial power, the country of only 10 million people has repeatedly reinvented itself and continues to impact billions of people around the world more than they realize. What drives this success? An open attitude, a strong entrepreneurial spirit and a constant thirst for innovation have been those driving forces. The upcoming Special Business Report on Sweden, to be published in late 2016, will be the maiden report on this country in Forbes and Forbes Asia. The report will highlight Sweden’s success stories, its most dynamic sectors, and the most critical partners for business growth.
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 titleBrunei 2016
 descriptionBuilding on more than 30 years of diplomatic relations, Brunei Darussalam and Japan have expanded economic collaboration to beyond the petroleum industry. Over the past few years, several Japanese companies have discovered various investment opportunities in this oil-rich sultanate determined to diversify its economy. Tentatively entitled “Exploring New Fields of Cooperation,” The Special Business Report on Brunei is scheduled to be published in September 2016 in the Japan Times. The report aims to promote the sultanate as a hub for investment, trade, education, and tourism.
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 tags
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 titlePanama 2016
 descriptionWith the Panama Canal Extension Project approaching completion and the agreement to build the Metro Line 2 recently signed, the buzz surrounding bilateral relations between Japan and Panama is arguably at an all-time high. Amid this very bullish atmosphere, Global Media aims to further promote business ties between the two countries through its 2016 Special Business Report on Panama, to be published in The Japan Times concurrently with the Canal extension’s official opening.
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 tags
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 titleThailand 2016
 descriptionDespite recent challenges, Thailand has remained successful in keeping its economy very competitive as it also proceeds with program to normalize the political situation in the country.
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 titlePeru 2015
 descriptionToday, as the Pacific Alliance - composed of Peru, Chile, Colombia, and Mexico - seeks to create a Latin American gateway to Asian markets, Peru plays an important role in bringing this vision to fruition.
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 tagsForbes Asia, Peru, Latin America, Economy, Trade, Investment, Pacific Alliance
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 titleCanada 2015
 descriptionAmid the backdrop of the on-going Trans-Pacific Partnership negotiations, Canada has taken significant steps towards strengthening its relations with its Asian counterparts. Recent visits to the region by Prime Minister Stephen Harper, Foreign Minister John Baird and Minister of International Trade Ed Fast all emphasize the importance being given by Canada to developing relations and trade across the Pacific.
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 contentAmid the backdrop of the on-going Trans-Pacific Partnership negotiations, Canada has taken significant steps towards strengthening its relations with its Asian counterparts. Recent visits to the region by Prime Minister Stephen Harper, Foreign Minister John Baird and Minister of International Trade Ed Fast all emphasize the importance being given by Canada to developing relations and trade across the Pacific.
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 descriptionOn August 9, 2015, Singapore celebrates its fiftieth birthday. This date marks an important achievement for Singapore, given its abrupt expulsion from the Federation of Malaysia. Today, Singapore is a city-state and nation-state, the only one of its kind in the world.
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 titleTaiwan 2014
 descriptionOccupying a total area of only 36,000 square kilometers and with a population of 23.4 million, Taiwan wields more influence on the global economy than countries around the world with more natural resources and manpower.
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 tagsTaipei, Taipei 101, Philippe Le Saux, Elizabeth Arcega
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 contentThe upcoming report, due to be published in the November/December 2014 edition of <a href="http://www.foreignaffairs.com" target="_blank">Foreign Affairs</a>, will highlight opportunities in Taiwan for overseas collaboration, investment and trade. Philippe Le Saux and Elizabeth Arcega update from the field. June 20: The team hit the ground running as Week 1 in Taiwan unfolded. All but one of our initial meetings were with foreigners who have chosen to do work and do business in Taiwan. These discussions gave us an interesting preview of what we can expect to hear throughout this stay: Passion and enthusiasm from foreign executives who have discovered the merits of being in this country. This positivity was echoed by the first Taiwanese individuals that we met, the leadership of the <a href="http://www.taipei-101.com.tw/en/index.aspx" target="_blank">Taipei Financial Center Corporation</a>, which is responsible for Taiwan’s most iconic structure: The Taipei 101 Tower. The warmth of our welcome, paired with the rhetoric of excitement and openness conveyed by the Taiwanese, shows the tremendous potential of the 2014 Taiwan Report. - PLS
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 titleSan Diego 2014
 descriptionSan Diego, one of the most recognized counties in California, is located at the state’s southernmost point and has long been among the most popular destinations not only within California but within the entire country. According to the San Diego Tourism Authority, the county welcomes more than 33 million visitors every year, all of whom spend nearly $8.4 billion. The significant contribution of the tourism industry extends beyond county borders as it generates more than $388 million dollars annually in state and local taxes.
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 titleLos Angeles 2014
 descriptionAs the United States and Japan commemorated the 160th anniversary of the signing of the Treaty of Peace and Amity in 2014, both countries looked back at how their economies have grown increasingly integrated over the years and have prospered to account for one-third of the world’s output.
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 placeLos Angeles
 tagsLos Angeles, City, Lakers, Japan, Investment
 is_published(true)
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 titleSarawak 2013
 descriptionDuring a six-month-long celebration of Malaysia’s 50th anniversary of independence from Britain, Sarawak Chief Minister Tan Sri Abdul Taib Mahmud has highlighted the resource-rich state’s economic achievements and outlined the government’s program to ensure continued growth.
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 contentDuring a six-month-long celebration of Malaysia’s 50th anniversary of independence from Britain, Sarawak Chief Minister Tan Sri Abdul Taib Mahmud has highlighted the resource-rich state’s economic achievements and outlined the government’s program to ensure continued growth.
 publication_date2013-10-01
 creation_date2014-06-24
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 titlePanama 2013
 descriptionSince the introduction of an economic liberalization program and the privatization of state assets in the mid-1990s, Panama has experienced steep growth in its gross domestic product that many nations in any part of the world will surely find enviable. Over the past 20 years, Panama has laid out the groundwork to become the region’s foremost center in logistics and financial services — a sensible next step in the economy’s development given its position as one of the world’s most important conduits of maritime trade. One of the fastest–growing economies in the Americas, Panama has achieved average GDP growth of 8 percent over the past decade, with the annual figure surpassing 10 percent in some years.
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 titleMalaysia 2013
 descriptionSince it gained independence in 1957, Malaysia has undergone a remarkable transition from an agricultural economy to a dynamic manufacturing and services-driven economy, a feat that has consolidated its reputation as one of Southeast Asia’s economic powerhouses. With more than 28 million people, Malaysia’s success is a result of hard work, wisdom, and as resilience of our leadership and our multi-ethnic, multi-religious people.
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 contentSince it gained independence in 1957, Malaysia has undergone a remarkable transition from an agricultural economy to a dynamic manufacturing and services-driven economy, a feat that has consolidated its reputation as one of Southeast Asia’s economic powerhouses. With more than 28 million people, Malaysia’s success is a result of hard work, wisdom, and as resilience of our leadership and our multi-ethnic, multi-religious people.
 publication_date2013-06-30
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 titleShanghai 2012
 descriptionUsually when one thinks of educational exchanges between the United States and China, the image is of ambitious Chinese engineering and business students heading westward. But with a global awareness of China’s growing role in world, more American students than ever are heading east to better understand the country’s unique culture, language, and business environment. China is now the fifth-largest destination for American students, with more than 14,000 studying abroad in China in 2010, a large jump from 3,000 students a decade ago.
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 contentUsually when one thinks of educational exchanges between the United States and China, the image is of ambitious Chinese engineering and business students heading westward. But with a global awareness of China’s growing role in world, more American students than ever are heading east to better understand the country’s unique culture, language, and business environment.
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 titleTaiwan 2011
 descriptionFor a country that occupies just over 13,000 square kilometers, Taiwan’s geographical size belies its economic clout and political importance in Asia and the rest of the world. Together with Singapore, South Korea and Hong Kong, Taiwan was among the so-called Asian Tigers that impressed the world with their rapid industrialization in less than a generation following the devastation of the Second World War.
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 contentFor a country that occupies just over 13,000 square kilometers, Taiwan’s geographical size belies its economic clout and political importance in Asia and the rest of the world. Together with Singapore, South Korea and Hong Kong, Taiwan was among the so-called Asian Tigers that impressed the world with their rapid industrialization in less than a generation following the devastation of the Second World War.
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 descriptionIn this second decade of the 21st century, economic and societal globalization has continued its unfettered acceleration. Amid this milieu, Prime Minister Naoto Kan unveiled his government’s new program, Heisei no Kaikoku (sometimes translated as “The Heisei Era’s Second Opening”), which features several innovative solutions to various issues, unprecedented changes, and new values faced by the world community.
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 contentIn this second decade of the 21st century, economic and societal globalization has continued its unfettered acceleration. Amid this milieu, Prime Minister Naoto Kan unveiled his government’s new program, Heisei no Kaikoku (sometimes translated as “The Heisei Era’s Second Opening”), which features several innovative solutions to various issues, unprecedented changes, and new values faced by the world community.
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 titleIndonesia 2010
 description
 urlindonesia-2010
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 tagsIndonesia, Southeast Asia
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 pdf_pathFA-Indonesia 2010.pdf
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 contentThe Indonesia Report 2010 was one of the first.
 publication_date2010-06-01
 creation_date2014-06-13
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 titleSerbia 2023
 descriptionJapanese-Serbian relations started with a simple letter sent in 1882 by the first king of Serbia to Japan's Emperor Meiji. In the last 141 years, the partnership between these two countries has emerged stronger, having weathered two world wars and lending each other support following civil conflict and natural disasters.
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 tagsJapan, Serbia, Economy, Investment, Manufacturing, Tourism
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 contentJapanese-Serbian relations started with a simple letter sent in 1882 by the first king of Serbia to Japan’s Emperor Meiji. In the last 141 years, the partnership between these two countries has emerged stronger, having weathered two world wars and lending each other support following civil conflict and natural disasters.
 publication_date2023-06-09
 creation_date2023-06-09
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 source_custom_urlhttps://info.japantimes.co.jp/international-reports/pdf/20230609-GMI-Serbia.pdf
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 descriptionFor more than half a century, the Southern United States has attracted Japanese automakers and hundreds of other Japanese companies within the automotive supply chain, successfully drawing them in with a business-friendly environment and a consistent stream of reliable skilled workers.
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 contentFor more than half a century, the Southern United States has attracted Japanese automakers and hundreds of other Japanese companies within the automotive supply chain, successfully drawing them in with a business-friendly environment and a consistent stream of reliable skilled workers.
 publication_date2023-03-17
 creation_date2023-03-17
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 source_custom_urlhttps://info.japantimes.co.jp/international-reports/pdf/20230317-GMI-Southern_USA.pdf
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 titleJapan SMEs 2022
 descriptionAs the base of many of the largest global brands, like Toyota, Sony, Honda, to name only a few, Japan built its economic muscle on the back of thousands of small- and medium-sized firms, some of them still family-owned, that maintain a strong ethos of workmanship, or monozukiri, while adapting an innovative spirit to keep them competitive.
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 tagsJapan, Economy, SMEs
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 pdf_pathFA-JAPAN SMEs 2022-B.pdf
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 titleSouthern California 2022
 descriptionLike many regions and cities across the United States, Los Angeles has gone through challenging times over the past two years. Thankfully, because of its geographical size and diverse economy, the city has weathered the economic slowdown quite well. Demographics have also played a vital role in strengthening the economy: There is a growing population of young people becoming more active in the workplace and starting their own businesses.
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 place
 tagsSouthern California, Japan, Economy, Investment
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 contentLike many regions and cities across the United States, Los Angeles has gone through challenging times over the past two years. Thankfully, because of its geographical size and diverse economy, the city has weathered the economic slowdown quite well. Demographics have also played a vital role in strengthening the economy: There is a growing population of young people becoming more active in the workplace and starting their own businesses.
 publication_date2022-06-30
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 source_custom_urlhttps://info.japantimes.co.jp/international-reports/pdf/20220630-GM-Southern_California.pdf
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 descriptionMore than two years into the pandemic, the states in the U.S. Midwest are showing signs of a strong recovery. Many businesses have seen new opportunities for growth and technological innovation, reminiscent of the boom that characterized the postwar era in the United States.
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 tagsUS, Japan, Economy, Investment, Midwest, Illinois, Indiana, Michigan, Ohio, Wisconsin
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 contentBecause of its excellent infrastructure and well-developed transport links, the U.S. Midwest has become an important logistics center, a position that local and international businesses appreciated more in light of the protracted COVID-19 pandemic that strained supply chains across the globe and stunted economic growth. More than two years into the pandemic, GMI Post reports on how the centrally located region is displaying a strong recovery.
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 titleTexas 2021
 descriptionAs the global economy reels from the shock dealt by COVID-19 in 2020, some countries have begun showing signs of recovery from the pandemic. In the U.S., the state of Texas in particular, has attracted new investment from Japan because of its entrenched competitiveness and established industrial base. This year, GMI Post took a look at how different cities and areas of Texas have capitalized on that momentum.
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 contentAs the global economy reels from the shock dealt by COVID-19 in 2020, some countries have begun showing signs of recovery from the pandemic. In the U.S., the state of Texas in particular, has attracted new investment from Japan because of its entrenched competitiveness and established industrial base. This year, GMI Post took a look at how different cities and areas of Texas have capitalized on that momentum.
 publication_date2021-10-13
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 titleEducation in Japan 2021
 descriptionGMI Post is preparing a Guide to Education in Japan to be published in Foreign Affairs magazine in mid- 2021. This report follows GMI Post’s series of successful reports on Japan that began in 2011. Amid the current SARS-CoV-2 global pandemic, several thousands of international students face various questions and challenges related to studying abroad just as Japan wants to position itself as an attractive destination for non-Japanese students. The upcoming report will serve as a guide that will promote Japan’s most reputable educational institutions, highlight the excellence, openness and safe environment in Japan, as well as foster stronger partnerships between Japanese schools and the rest of the world. Any inquiries regarding this report can be directed to Lala Cortes and Karen Lee.
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 contentGMI Post is preparing a Guide to Education in Japan to be published in Foreign Affairs magazine in mid- 2021. This report follows GMI Post’s series of successful reports on Japan that began in 2011. Amid the current SARS-CoV-2 global pandemic, several thousands of international students face various questions and challenges related to studying abroad just as Japan wants to position itself as an attractive destination for non-Japanese students. The upcoming report will serve as a guide that will promote Japan’s most reputable educational institutions, highlight the excellence, openness and safe environment in Japan, as well as foster stronger partnerships between Japanese schools and the rest of the world. Any inquiries regarding this report can be directed to <a href="mailto:lala@gmipost.com?subject=Report%20on%20Education%20in%20Japan" target="_blank" rel="noopener">Lala Cortes</a> and <a href="mailto:karen@gmipost.com?subject=Report%20on%20Education%20in%20Japan" target="_blank" rel="noopener">Karen Lee</a>.
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 titleEducation in the Commonwealth 2021
 descriptionAs of 2019, there were an estimate 5.5 million international students around the world, a significant percentage of which came from China. As the middle class continues to expand in the world's largest economy, more parents seek an international education for their children. With this guide, GMI Post hopes to provide parents and students in China with information that will help them decide which educational institutions in Australia, Canada, New Zealand, and the United Kingdom will best serve their academic objective and warmly welcome them.
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 contentAs of 2019, there were an estimate 5.5 million international students around the world, a significant percentage of which came from China. As the middle class continues to expand in the world's largest economy, more parents seek an international education for their children. With this guide, GMI Post hopes to provide parents and students in China with information that will help them decide which educational institutions in Australia, Canada, New Zealand, and the United Kingdom will best serve their academic objective and warmly welcome them.
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 descriptionWhen Greece and Japan celebrated the 120th anniversary of the establishment of formal diplomatic relations last year, the two countries welcomed "a new era of partnership in business and culture." The milestone came at an auspicious time as Greece continued on its road to economic recovery and Japan strengthened its efforts to expand its relations with Europe as the EU-Japan Free Trade Agreement came into effect.
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 descriptionAfter 160 years of shared history, the USA and Japan have become strong partners in diplomacy and trade. This is especially evident in Southern California, where Japan remains the largest source of foreign direct investment and significant driver of its economy. As of January 2020, there are around 800 Japanese companies in Southern California, which generate about 80,000 jobs. Both sides look forward to a further flourishing of relations with the accession of Japan's Emperor Naruhito last May and the start of Reiwa Era, which aspires to bring "beautiful harmony" between Japan and its friends, and with a signing of a new limited trade deal.
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 descriptionNow with more than 900 Japanese-affiliated companies in the Bay Area alone, Northern California has once again proven itself to be the hothouse for collaboration and innovation between U.S. and Japanese business. GMI Post returns to Northern California following the success of its last special business report back in 2014. This planned report will identify organizations across the Bay Area that want closer ties with Japan across various industries, such as technology, financial services, retail, manufacturing and agriculture.
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 titleEcuador 2019
 descriptionGMI Post is headed to Guayaquil and Quito to research and prepare a Special Business Report on Ecuador, to be published in the Japan Times in the 4th quarter of 2019, in commemoration of the 100th anniversary of diplomatic relations between Japan and Ecuador. This is part of GMI Post's ongoing series of reports on South America. During last year's visit to Ecuador, Japanese Foreign Minister Taro Kono cited that as more Japanese companies were looking towards Ecuador, more Ecuadorian products were reaching Japanese consumers than ever before. Trade between Japan and Ecuador reached $1.2 billion in 2017 as value-added Ecuadorian products such as cacao, shrimp and bananas have become highly sought after in the Japanese market.
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 descriptionGuided by its Vision 2030, the Kingdom of Saudi Arabia has committed itself to a path of economic, industrial, social and digital transformation. As changes occur at a breakneck pace, the drive towards diversification has been anchored on the kingdom's natural strengths and assets. Among these reforms include the launch of e-visas, which open up Saudi Arabia to a wider variety of tourists from around the world, thereby creating more kinds of opportunities for foreign investment. In developing its partnerships, the Saudi government and business leaders have sharpened their focus on Asia.
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 descriptionWith its GDP growing an average of 4 percent a year, Peru economy has outperformed those of its neighbors Traditionally a mining country, the country has developed new growth opportunities in non-traditional agricultural exports, manufacturing, tourism and new technologies. Thanks to the Pacific Alliance, the CPTPP and its commitment to globalization, Peru and Japan have found new areas of collaboration on which to forge a stronger relationship for many years to come.
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 titleCanada 2019
 descriptionGMI Post returns to Canada in a reboot of its 2015 Report. This new report will identify various sectors and regions that present the most promising opportunities for increased collaboration, while featuring successful Canadian organizations that are ideal partners in the region.
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 descriptionGlobal Media continues its coverage of the EU with the Special Business Report on Portugal for Foreign Affairs. Covering the business center of Lisbon, as well as the cities of Porto, Faro, Evora and Coimbra, the report will highlight the country's strengths and contributions to the global market.
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 descriptionWith its large number of export-focused industries, New Zealand has had to be pragmatic about trade, given the size of its economy and its geographic distance to the world's largest markets. It was the first developed country to sign a free trade agreement (FTA) with China, its largest trading partner followed by Japan and Korea. "We are a geographically isolated nation that places huge reliance on the economic benefit derived from engaging in trade. We need some predictability around that and that is why we really focus and support multilateral agreements," explained Prime Minister Jacinda Ardern, who expanded New Zealand's FTA with Singapore and initiated new trade talks with the European Union.
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 descriptionAs one of Asia’s most stable and most dynamic economies, South Korea maintains its status as a global leader because of its commitment to free trade and mastery of technological innovation. Following his inauguration last May, President Moon Jae-in reaffirmed his government’s plan to strengthen its international relations, especially in trade and investment.
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 descriptionThe fourth-largest source of foreign direct investment in Texas, Japan has accounted for for more than 200 investments and projects over the last decade. This year marks a milestone in relations between the two sides as the Japan America Society of Houston celebrates its 50th anniversary and U.S.-Japan Council holds the first Japan-Texas summit in the same city in May.
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 titleJapan 2018
 descriptionAs Abenomics shows signs of working, Japan is experiencing record growth. The world is keen to see Japan’s next steps for its comeback as the Asian leader and strategic partner. While Abe’s administration continues to hold trade talks with the US, EU, ASEAN, and other blocs, its different sectors need to demonstrate its capabilities. Manufacturers’ confidence is on a record high, while other fields such as life science and services, continue to rise. The Special Business Report on Japan, tentatively scheduled for publication in the March/April 2018 issue of Foreign Affairs, follows two successful reports in March/April and July/August 2017. It will highlight Japan’s top and growing industries and businesses across prefectures, while identifying opportunities for investment and collaboration available to foreign companies.
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 titleGermany 2018
 descriptionThe economic center of gravity shifts further towards Asia. With over 4 billion people, Asia is becoming a more sophisticated consumer market for goods, services and ideas. And as tastes and standards in this part of the world improve, Western high tech manufacturers and knowledge workers will find ready and willing partners for prosperity. Being the 4th largest economy in the world, Germany has a lot to offer to this massive, diverse market. What does the 'Asian Century' mean for Europe and, as the economic powerhouse of the continent, for German business?
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 descriptionAs the primary gateway to the United States, the Northwest USA boasts very deep ties with Japan and still possesses opportunities for partnerships between companies from the two countries. Japan has remained the largest export market for majority of companies from the West Coast.
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 description2016 was a landmark year for Kazakhstan. It marked the 25th anniversary of the independence of Central Asia’s largest country and establishment of diplomatic relations with Japan. This year, with the hosting of the World Expo, the oil-rich republic wishes to highlight its accession to the World Trade Organization and its commitment to global peace and economic globalization. Just as Japanese Prime Minister seeks closer partnerships with countries around the world as part of his economic stimulus program, Kazakhstan President Nursultan Nazarbayev unveiled his own comprehensive development plan, dubbed “Nurly Zhol” (Bright Path), aimed at raising the standard of living for17 million Kazakhs.
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 descriptionCelebrating over 35 years since the enactment of the Taiwan Relations Act, the Republic of China (Taiwan) and the United States share a special bond. As Taiwan’s third largest trading partner, the U.S. continues to look towards the nation for its expertise in information and biotechnology. Taiwan, Asia’s 5th largest economy, now faces new challenges in the form of further transformation to a high-technology and service-oriented economy. Dubbed the “Silicon Valley of Asia”, Taiwan more than ever is keen on deepening its relationship with the U.S. and with both countries ushering in a change of government, the relationship between the two is expected to continue to flourish.
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 titleJapan 2017, Part 2
 descriptionWhile Japan, of course, boasts of global brands that no longer need any introduction such as Panasonic, Toyota and Sony, the country is an industrial and innovation powerhouse thanks to its small to medium-sized enterprises, which make up more than 98% of the country's businesses.
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 description2016 continues to be a year of momentum for Peru as the recently elected President Pedro Pablo Kuczynski consolidates his country’s position as one of the best performing economies in Latin America. With its many investment opportunities, Peru has become a gateway into South America and a reliable partner for growth. With a shared history that spans more than 140 years, Peru was the first Latin American country to formalize relations with Japan. Both countries have nurtured that long history to deepen their own cultures and economies. Amid increasing areas for cooperation, business leaders from Peru and Japan are exploring new business ventures. Scheduled to be published in February 2017, the Special Business Report on Peru will highlight the success of the country as host of this year’s Asia Pacific Economic Cooperation summit and provide a clear picture of the Peruvian economy.
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 titlePoland 2016
 descriptionWith its GDP growing impressively over the last two decades, Poland is well positioned to become one of Europe’s economic champions. The upcoming Special Business Report on Poland, to be published in the fourth quarter of 2016, will be the first-ever report on this country in Forbes and Forbes Asia. The report aims to promote the nation as a hub for investment, trade, education, and tourism. It will also highlight the little-known success stories from the Polish public and private sectors, while identifying new opportunities for business. The section will also recap the NATO conference in July.
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 descriptionBordered by the Pacific Ocean to the west and by the Andes mountains to the east, Chile has faced geographical challenges in creating trade routes with its nearest neighbors. Undaunted by those limitations, the country has forged free trade agreements with some of the world’s strongest economies, such as the United States, China and Japan. Traditionally a mining economy with the world’s largest copper reserves, Chile has successfully expanded its economic base, capitalizing on its natural beauty to build a dynamic tourism industry and supporting its export sector to attract more investors from Latin America. To mark 120 years of diplomatic relations with Japan and the 10th anniversary of the Chile-Japan Economic Partnership Agreement, the upcoming Special Business Report on Chile in the Japan Times will highlight the stability of the country and its ideal investment climate.
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 descriptionIn recent years, the U.S. states of Colorado, Utah, Arizona and Nevada have reported among the fastest-growing economies in the country. With the imminent implementation of the Trans Pacific Partnership – a sweeping trade agreement that brings together the United States and 12 other Pacific Rim countries, including Japan – the world’s largest and third-largest economies are gearing up for a new era in global trade.
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 descriptionDue to its proximity to the nation's political capital and its financial center, the Eastern States play a significant role in promoting trade relations with the rest of the world.
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 descriptionCovering the Southern United States, the upcoming report serves to promote the robust trade and investment environment in the country and highlight the primary role of Japan and the United States in trans-Pacific trade.
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 contentCovering the Southern U.S.A., the upcoming report serves to promote the robust trade and investment environment in the country and highlight the primary role of Japan and the United States in trans-Pacific trade.
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 descriptionWith its long running and deeply rooted military and security ties with the United States, the Republic of Korea's foreign minister has highlighted the need for the two countries to expand their cooperation in trade and economics.
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 titleU.S. Midwest 2014
 descriptionThe U.S. Midwest has maintained its status and increased prosperity because of the efforts of state governments and companies over many decades to build closer relationships with and lure investment from the world’s third-largest economy, Japan.
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 titleNorthern California 2014
 descriptionServing as an initial pillar of that relationship, agriculture still plays a major role in the relationship between California and Japan. In fact, the Asian country imports more agricultural products from the United States than from any other country. In 2012, exports of agricultural products to Japan reached $7 billion.
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 descriptionTo mark 160 years of diplomatic relations with Japan, U.S. President Barack Obama met with Prime Minister Shinzo Abe in April this year as part of a four-nation Asian tour, wherein regional security and increased trade cooperation dominated the agenda. The state visit — the first by an American president in nearly 20 years — started with Obama’s unequivocal commitment on mutual defense cooperation between the two longtime allies.
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 contentThe East Coast 2014 Report highlights dynamism at the US connection line to Asia. Lorem ipsum dolor sit amet en pluribum dosilii. This is the Content entry field.
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 titleColombia 2013
 descriptionEntering their 105th anniversary, relations between Colombia and Japan have assumed a higher profile over the last few years with high-level trips by officials from both countries, including a state visit to Tokyo by Colombian President Juan Manuel Santos in September 2011.
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 contentEntering their 105th anniversary, relations between Colombia and Japan have assumed a higher profile over the last few years with high-level trips by officials from both countries, including a state visit to Tokyo by Colombian President Juan Manuel Santos in September 2011.
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 titleQatar 2013
 descriptionCurrently the richest country in the Arab world, Qatar is the largest supplier of liquefied natural gas and has the third-largest supply in natural gas reserves, which are projected to last for more than fifty years. But Qatar is also rich in ambition as it embarks on creating a future founded on a limitless resource — knowledge and innovation.
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 contentCurrently the richest country in the Arab world, Qatar is the largest supplier of liquefied natural gas and has the third-largest supply in natural gas reserves, which are projected to last for more than fifty years. But Qatar is also rich in ambition as it embarks on creating a future founded on a limitless resource — knowledge and innovation. Overseen by His Highness the Emir, Sheikh Hamad bin Khalifa Al-Thani, the country has developed the Qatar National Vision (QNV) 2030, which outlines various projects to build a knowledge and talent-based economy within seventeen years. The Qatar Science & Technology Park (QSTP), the first of its kind, began operations five years ago as an initiative of Her Highness Sheikha Mozah bint Nasser to stimulate innovative industries.
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 descriptionThe geographical size of the Netherlands, less than forty-two thousand square meters, belies its huge commanding position in global trade. To facilitate the movement of goods valued at trillions of dollars, the Netherlands has constantly expanded the Port of Rotterdam, the largest in Europe, as well as Schiphol Airport in Amsterdam, the world’s fourth-busiest in passenger traffic. “If you are looking for a foothold in continental Europe where business culture is similar to that in the United States, and for a global hub for the United States with excellent logistics possibilities for the rest of Europe and the world, then the Netherlands is the place to be,” said Foreign Minister Frans Timmermans.
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 contentThe geographical size of the Netherlands, less than forty-two thousand square meters, belies its huge commanding position in global trade. To facilitate the movement of goods valued at trillions of dollars, the Netherlands has constantly expanded the Port of Rotterdam, the largest in Europe, as well as Schiphol Airport in Amsterdam, the world’s fourth-busiest in passenger traffic. “If you are looking for a foothold in continental Europe where business culture is similar to that in the United States, and for a global hub for the United States with excellent logistics possibilities for the rest of Europe and the world, then the Netherlands is the place to be,” said Foreign Minister Frans Timmermans.
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 descriptionJapan alone has wrestled over the years with the bane of deflation. Deflation robs people of their expectations, turning optimists into pessimists. As I again stand at Japan’s helm, I am driven by a sense of urgency to remedy this scourge of deflation immediately. One way forward will be to take advantage of our resources, which, while incredibly rich, are still largely untapped. One long-neglected resource is our human resources, particularly women and middle-aged and elderly workers.
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Memory

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Articles

A formidable economy

South Korea: Persistent optimism over the economy

Japanese SMEs look further afield

Small is no limit

Rebuilding Tomorrow

How to stay on top of the global game

Upcoming Reports from

Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

Testimonials:

Whom we have featured:

Media partner of:

Sponsors:

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Request History

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Post data

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Cookie

Current Route

Sql Logs

default

Memory

Timers

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View Variables

App Constants

CakePHP Constants

PHP Environment

Included Files

Include Paths

Included Files