Economy and Business 23


Japanese companies moving abroad



 Nowadays there is a growing tendency that Japanese companies entry into the world market and I believe this is a great trend for the following two reasons.
 The first reason is that it can have a great impact on Japan’s economy. If many Japanese companies make a lot of profit abroad, it can enhance the economy. Moreover, the more Japanese companies succeed overseas, the more people will be interested in Japan. As a result, many people who are interested in Japan will visit Japan. This will have a significant influence on its travel industry.
 The second reason is that Japanese companies can broaden the market. Japanese population is only 120 million people while the world population is 6.8 billion people. The broader the market is, the more profit companies can make. Moreover, as the number of elderly people is increasing rapidly and the birthrate is dwindling in Japan, Japanese market is becoming smaller and smaller. Therefore the entrance into the world market is an essential measure to enhance management.
 As I mentioned, for the aforesaid two reasons, I believe this is a great trend.