Political
Japan's government is a constitutional monarchy with three branches, like in many other countries:
legislative, administrative, and judiciary. The government acts under the framework established by the
1947 Japanese Constitution.
Japanese politics are based on a constitutional monarchy and a representative republic (or
parliamentary monarchy), with the Prime Minister serving as the head of government and the majority
party. The government has executive power. The legislature is independent of the administration and
has the authority to vote no confidence in it, and in the worst-case scenario, to create a new
government on its own. The judiciary is crucial in counterbalancing the administration and the two
houses of parliament (the Diet), which include the upper and lower chambers. The Japanese political
system was formed on the model of the British parliamentary republic and was heavily inspired by civil
law countries in Europe.
Japanese corporations pay massive government taxes on their overall income. Foreign corporations
must pay taxes to the Japanese government on revenue earned in Japan. The country's taxes are
classified as follows: corporation tax, special municipal corporate tax, corporate tax, and corporate
residence tax. Her corporate tax rate in 2020 is 23.2 percent, and the government intends to cut it to 20
percent. Companies raising pay will enhance local economic expenditure.
Japanese corporations pay massive government taxes on their overall income. Foreign corporations
must pay taxes to the Japanese government on revenue earned in Japan.
The country's taxes are classified as follows: corporation tax, special municipal corporate tax, corporate
tax, and corporate residence tax. Her corporate tax rate in 2020 is 23.2 percent, and the government
intends to cut it to 20 percent. Companies raising pay will enhance local economic expenditure.
Economic
According to a financial estimate, Japan's annual GDP is 4.911 trillion US dollars in 2020 and is the 3rd
highest in the world. In which, the per capita income is $36,200 in 2022 and 39.100 in 2023 USD, the
22nd highest in the world. Japan is the 2nd most powerful economy in Asia after China and 3rd globally.
Japan is also a member of organizations such as ASEAN, APEC, G20, and G7. (Source: CIA World
Factbook)
Theo Trading economics
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Social
With about 125.57 million inhabitants, Japan is the world's 11th most populated country. Japanese is
spoken by 99 percent of Japan's population. Buddhism and Shinto are the two most important faiths and
beliefs in Japan. ( Source: U.S Department of State)
The average life expectancy of men and women in Japan is 81 and 87 years respectively. Japan is facing
two significant social challenges; The aging population increases and the birth rate decreases. It puts the
future of the country in serious jeopardy (Source: PopulationPyramid.net)
Technology
Japan is known across the world for its ingenuity and innovation. Over the years, the country has
created cutting-edge technologies. Japan's inventiveness may be shown in a variety of fields, including
robotics technology, particularly industrial robots, and the use of automation systems in the airport and
hotel industries.
Long before many other countries were even aware of the technology, Japan implemented an online
payment system. Japan has made significant progress in numerous industries, including semiconductors,
rail transportation, optics, chemicals, and research & development. Japan's prosperity has created
possibilities for both Japan and the rest of the globe.
Legal
The Japanese work in a variety of roles, including director, independent contractor, assigned worker,
employee, and so on. Accident insurance, unemployment insurance, health insurance, and retirement
insurance must be registered by companies and businesses. The Japanese people are pleased with the
judicial system. Employment rights in Japan include maternity leave, public holidays, time off, and
limited working hours.
Environmental
Japan is a relatively clean and ecologically sensitive country. It is, however, now dealing with certain
environmental difficulties.
Japan is one of the countries most hit by natural catastrophes. Tsunamis, floods, earthquakes,
mudslides, cyclones, and volcanic eruptions are common occurrences in Japan.
