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Chiba Prefecture Enterprises' Overseas Expansion Trends And Challenges.pdf

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Preview of Chiba Prefecture Enterprises' Overseas Expansion Trends and Challenges
🔗 Source: chibahimawari.org
📊 Size: 631 KB
👤 Author: 小松
⬇️ Downloads: 77

Summary

- Chiba Prefecture's Enterprises' Dependence on Emerging Economies: Chiba Prefecture's enterprises are increasingly considering and accelerating overseas expansion, particularly in Asia, due to unfavorable business conditions in Japan, such as economic stagnation, shrinking domestic market, and high labor costs.
- Current State of Overseas Expansion: 29.6% of Chiba's enterprises have already established overseas bases, a 5% increase from 2007. Additionally, 7.3% of enterprises without overseas bases plan or are considering establishing one for the first time.
- Popular Destinations: China is the most popular destination (62.8%), followed by other Asian countries like Thailand (32.6%), Taiwan (20.9%), and Korea (18.6%).
- Motivations for Overseas Expansion: The most common reasons are expanding overseas markets (67.9%) and cost reduction (48.8%), with large enterprises more likely to prioritize market expansion.
- Challenges Faced by Overseas Bases: The most significant challenge is the increase in local labor costs (55.0%), followed by difficulties in securing and maintaining local talent, currency fluctuations, and understanding local regulations.

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Description

Recently, many Chiba prefecture companies are considering expanding overseas due to unfavorable conditions for manufacturing in Japan, such as a sluggish economy, shrinking domestic market, and high labor costs. The companies cited the following reasons: Japan's economic growth slowdown, domestic market contraction, prolonged yen appreciation, high personnel costs and corporate tax rates, delayed FTA agreements, and strengthened regulations on environmental and employment issues.

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  • File Format: PDF
  • File Size: 631 KB
  • Pages: 18
  • Language: EN
  • Author: 小松
  • Total Downloads: 77
  • Last Updated: 1 week ago

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