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Is Japan right for you?
Japan is an island country in East Asia. Located in the Pacific Ocean, it lies to the east of China, Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea in the south.
Japan comprises over three thousand islands, the largest of which are Honshu, Hokkaido, Kyushu and Shikoku, together accounting for 97% of land area. Most of the islands are mountainous, many volcanic; for example, Japan's highest peak, Mount Fuji, is a volcano. Japan has the world's tenth largest population, with about 128 million people.
Population
Japan has a population of approximately 127.5 million.
Political Structure
Japan is a constitutional monarchy where the power of the Emperor is very limited. Power is held chiefly by the Prime Minister of Japan and other elected members of the Diet, while sovereignty is vested in the Japanese people. The Emperor effectively acts as the head of state on diplomatic occasions.
Japan's legislative organ is the National Diet, a bicameral parliament. The Diet consists of a House of Representatives, containing 480 seats, elected by popular vote every four years or when dissolved and a House of Councillors of 242 seats, whose popularly-elected members serve six-year terms. There is universal suffrage for adults over 20 years of age, with a secret ballot for all elective offices. The liberal conservative Liberal Democratic Party (LDP) has been in power since 1955, except for a short-lived coalition government formed from opposition parties in 1993. The largest opposition party is the social liberal Democratic Party of Japan.
Infrastructure and Economy
Close government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation have helped Japan become the second largest economy in the world, after the United States, at around US$4.5 trillion in terms of nominal GDP and third after the United States and China in terms of purchasing power parity.
Banking, insurance, real estate, retailing, transportation and telecommunications are all major industries. Japan has a large industrial capacity and is home to some of the largest and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles and processed foods. It is home to leading multinational corporations and commercial brands in technology and machinery
Language
The primary language is Japanese.
Currency
Legal tender in Japan is the Yen.
Exchange Control Although cross-border transactions are basically free under the current foreign exchange control system, under the authorized foreign exchange bank system, foreign exchange business is limited to authorized foreign exchange banks, with the exception of safe and purchase of foreign currencies and currency derivative transactions by designated securities firms. Thus, individuals and companies must receive permission or make prior notification should they want to make transactions without using an authorized foreign exchange bank as an intermediary.
Law
Modeled after German civil law system with English-American influence. Japan accept compulsory ICJ jurisdiction with reservations.
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Disclaimer
The materials contained on this web page are provided for general information only and do not constitute any form of legal definition or advice. IFC Recruitment assumes no responsibility for the accuracy of any particular statement and accepts no liability for any loss or damage which may arise from reliance on the information contained on this site.
References
1. Wikipedia profile: Japan
2. CIA World Factbook entry: Japan
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