Category Archives: Japan

Japanese High Tech Industry Challenges

HIgh Tech Industry Challenges

HIgh Tech Industry Challenges

” This is a critical time for Japan’s high-tech industry, and it’s only through leveraging core strengths to facilitate differentiation and implementing a strategy that harnesses group-level synergies, that the industry will be able to reinvent itself at speed and at scale to once more achieve global preeminence. ” (Accenture)

For more details, check: http://www.accenture.com/us-en/Pages/insight-highlights-communications-japanese-consumer-electronics.aspx?c=glb_acnemalert_10001787&n=emc_0215&emc=20757712:emc-031215

 


Corporate News: Hitachi’s rail business expansion in Europe

Hitachi's trains (source: Hitachi.com)

Hitachi’s trains (source: Hitachi.com)

 

Hitachi Ltd’s has agreed to buy the rail signaling business of Italy’s Finmeccanica SpA in its largest overseas purchase ever. It will boost the company’s European manufacturing base, following its previous rail business expansion in the UK.

Read: “Hitachi trains push into Europe to challenge Siemens, Alstom”

http://www.japantimes.co.jp/news/2015/02/25/business/corporate-business/hitachi-trains-push-into-europe-to-challenge-siemens-alstom/#.VPMeqOk3PIU

Read:  “Hitachi agrees to buy two Finmeccanica rail businesses”

http://www.japantimes.co.jp/news/2015/02/24/business/corporate-business/hitachi-nears-%c2%a5250-billion-purchase-of-italys-finmeccanica-rail/#.VPMeNOk3PIU


Panasonic comeback seen in biggest bond sale since 2011 !!!

Panasonic Corp completed the biggest bond sale to Japan's institutional investors since 2011 after the electronics maker forecast its best profit in seven years. PHOTO: REUTERS

Panasonic Corp completed the biggest bond sale to Japan’s institutional investors since 2011 after the electronics maker forecast its best profit in seven years. PHOTO: REUTERS

Great News: PANASONIC is back and making profits, after heavy restructuration and diversification into non-Consumer Goods Business! Congratulations!

Read more from:

http://www.businesstimes.com.sg/technology/panasonic-comeback-seen-in-biggest-sale-to-japans-institutional-investors-since-2011


Which future for the Japanese Electronics and Audio-Video Industries?

Japanese Electronics and Audio-Video Industries

Japanese Electronics and Audio-Video Industries

 

Sony Corporation’s new multiyear business plan includes separating its audio and video segment into a wholly owned subsidiary later this year.  The company does not rule out the potential sale of those struggling units as part of restructuring at the Tokyo-based electronics and entertainment group. Sony has already sold off its personal computer business under the restructuring.

Read morehttp://www.japantimes.co.jp/news/2015/02/26/business/corporate-business/sony-chief-denies-spinoffs-mean-immediate-withdrawal/#.VPMVe-k3PIV


South of Japan: JR Kyushu to be fully privatised in fiscal 2016

Train in Kyushu (image source: JR Kyushu)

Train in Kyushu (image source: JR Kyushu)

 

The Japanese government has recently decided to put Kyushu Railway Co. under full private ownership in fiscal 2016. It has decided to pursue full privatization because JR Kyushu has achieved good business results in the fields of real estate and hotels, according to officials. JR Kyushu is one of seven railway operators established after the breakup of Japanese National Railways, or JNR, in April 1987.

Time to invest maybe?

Read morehttp://www.japantimes.co.jp/news/2015/02/27/business/corporate-business/jr-kyushu-to-be-fully-privatized-in-fiscal-2016/#.VPLxQek3PIU

 


UK-Japan relations: “The prince, the rising sun and the dragon”

Reporting on the UK Royal Visit to Japan:

 

The prince, the rising sun and the dragon

1) Japanese Prime Minister Shinzo Abe (left) and the duke try their hand at juggling as they visit Smile Kid’s Park in Koriyama. Checkhttp://www.msn.com/en-gb/news/uknews/the-prince-the-rising-sun-and-the-dragon/ss-BBi8kEP#image=4

2) ウィリアム王子スピーチ Prince William’s speech “Innovation is GREAT” ~英国と創る未来~ 2015年2月27日

Checkwww.youtube.com/watch?v=j6MHAP0dpok

 

 


TPP: US-Japan trade agreement deal soon?

TPP (image source: cas.go.jp)

TPP (image source: cas.go.jp)

 

A senior official of the U.S. Chamber of Commerce said Friday she expects the 12 countries negotiating a Pacific free trade initiative (the U.S.-led TPP) to strike a deal before June, as the United States and Japan seem to be reaching a bilateral deal over Tokyo’s exceptional tariffs on five agricultural products — rice, beef and pork, wheat, dairy products and sugar.

Would this impact on/speed up talks for a EU-Japan FTA/EPA/EIA agreement?

Read morehttp://www.japantimes.co.jp/news/2015/02/28/business/economy-business/u-s-business-leader-envisions-tpp-deal-before-june/#.VPLqauk3PIU

 


Visit and Invest in Belgium, at the heart of the EU! (new brochure)

Belgium (source: Wikimedia commons)

Belgium (source: Wikimedia commons)

 

“Belgium at a glance” is a digital brochure providing a light overview of what our country is all about. The brochure is richly illustrated with photos, making it highly accessible to anyone who wants to find out more about Belgium. The brochure is available in 8 languages.

DownloadBelgium_At_A_Glance_EN_LowRes_tcm312-250285

 

Source:

 


EU Gourmet Cuisine in Tokyo

European cuisine in Japan. Haven’t you booked yet?

Read: “How Noma took Tokyo: What happened when the planet’s best restaurant moved to the gourmet capital of the world?”

http://www.independent.co.uk/life-style/food-and-drink/features/how-noma-took-tokyo-what-happened-when-the-planets-best-restaurant-moved-to-the-gourmet-capital-of-the-world-10042324.html


The Japanese Consumer Mindset

GBMC - B2C Marketing in Japan

GBMC – B2C Marketing in Japan

First of all, you must understand the traditional “Japanese Consumer Mindset”!

Anyone shopping or retailing in Japan will quickly spot Japanese specificities (compared to Western standards) impacting the Japanese consumer behaviour, lifestyle, purchasing habits, preferences of merchandise, design taste, response to marketing campaigns and service expectations.

Some of these differences originate in the Japanese culture and society:

  1. Japan is a country with strong cultural context: the Japanese retain a wealth of information on people and maintain, through an extensive network of friends, colleagues, customers, suppliers, close personal relationships. “Relational maintenance” includes the purchase of gifts.
  2. The ideal communication is indirect (subtle hint), non-verbal (if not, suspicion) and emotional (often used in commercials). A present might sometimes tell more than words.
  3. Key concepts in traditional Japanese culture might influence the extent of the “Relational maintenance”: 1) collectivism & group spirit; 2) a strong hierarchy, often based on seniority, synonymous with experience and wisdom; 3) a strong division of gender roles: although the situation changes; 4) a monochronic culture, where individuals generally do one thing at a time.
  4. Population in Japan is aging much faster than in most other developed countries, due to one of the longest life expectancy and one of the lowest birth rate. Consequences for retailers are a clear switch to the “silver market”.
  5. The “bubble crisis” of the nineties and the following “lost decade” have impacted the way younger generations consume. Another consequence of the crisis is a wider gap between regular workers and non-regular workers (bi-polarized society), source of differences in spending power.
  6. The Life cycle is another important factor to consider:
      • Two positive phases in consuming are the [22, 26/29 years old] segment (from graduation till wedding) and the [50, 60 years old] segment (kids have graduated , 2 incomes are available)
      • Two negative phases in consuming are the [29, 50 years old] segment (single income and raising kids) and the retirement segment.

All those specificities draw a specific Japanese mindset and impose specific service and marketing implications for any company willing to retail in Japan.

 

Read more from us on Linked In from:

https://www.linkedin.com/pulse/japanese-consumer-mindset-philippe-huysveld-ir-mba

 


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