The worst case is, a greater percentage of business will be done overseas. And that will lead to big, big problems for small and medium-size companies. They have two options. Either they follow suit and move overseas, or they go out of business.
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Koichiro Otake, deputy director of the macroeconomic affairs division at the Ministry of Economy, Trade and Industry. (Washington Post)
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1
tkoind2
It is time to start thinking locally people. Japan has a unique opportunity to focus business on local markets. If Japanese start to consider that local micro-economics make more sense for energy, green behavior and for local jobs, there will be more demand for domestic goods in the local market.
We have to stop thinking that the only solution for business is international. For a lot of industries and small companies a shift to domestic facing business makes sense. Also the government should encourage micro-economics over macro because it has greater potential to assure local jobs.
Companies thinking about international business will often move jobs to cheaper markets anyway which does the owners good, but does local people no good at all. It is time to change this focus. Globalization has meant that more and more people are losing middle class jobs. So it is time we as citizens stopped supporting it and increased our demand for and our support of domestic facing production, goods and services.
0
some14some
under the circumstances, latter part seems a viable option.
0
ExportExpert
Not so easy for alot of smaller businesses to up pick and move overseas, so I guess this govt dipshit expects you to go out of business. Not that he would have any clue about it at all seeing as how he has probably only worked for the govt and feels his job is safe.
Typical isnt it.
1
Johannes Weber
I think it is basically impossible for most minor size Japanese companies to go overseas. They are too much dependent on "The Japanese Way Of Doing Things" to stand any chance of success outside of Japan. Where should I start?
By insufficient internationalisation of the staff, language capabilities and soft skills for international business? By the Japanese habits of RINGI, DANGO and NENKOUJOURETSU which simply don't work in an international context? Or by hiring practices, which are completely removed from internationally practised standards?
This could be a great time for companies that offer advice on and help at international restructuring to Japanese companies.
0
anglootaku
I think that is a vague statement
-2
herefornow
Wow, the hallowing-out of Japan must be a much bigger threat than imagined if the Ministry is acknowleding it. And, tkoind2, while your post makes a lot of sense, it ignores the fact that Japanese domestic consumption is weak, and likely to weaken further in light of all the upcoming planned tax increases. Plus, if Japan does lose jobs to overseas locations there will be even less disposable income to spend here.
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