As we know, the Japanese Government has been doing a lot of work recently to expand their labour force which they believe will positively impact the economy. By creating more job opportunities, the country is expected to grow faster than other Asian countries. So far, they have achieved this target successfully. Now, let’s see how will these efforts on the part of the government to expand employment will affect the Japanese labour export sector.
The Japanese Government is aiming to encourage more foreigners to start investing in Japan. The main reason why they are doing so is because they want to diversify their investment portfolio to become more stable and to protect the Japanese companies from global risks. At present many foreigners invest in different parts of the world and do not make any effort to look into the Japanese market. In the past, it was said that the Japanese labour export industry was facing many difficulties, mainly due to high competition from low-cost labor in China and Malaysia vietproud.
But today, things seem to have changed. Today, the Japanese market is no longer competitive because of the emergence of many new players in the market. Moreover, with the increase in the number of foreign investors, the price of the Japanese products began to reduce and this has encouraged more foreign investors to buy into the Japanese market. Furthermore, in recent years, the world economic recession has made many businesses invest in various Asian countries such as Japan and Taiwan.
Due to these factors, many Japanese companies had to expand and build more establishments to satisfy the increasing demands for labour by the customers. Thus, the companies were forced to expand their present workforce in order to satisfy the increasing needs of the customers. For this purpose, they started recruiting foreign manpower by offering special offers and incentives. So far, this has been very beneficial for the Japanese labour export industry. However, the competition in the labour export market is also increasing and it is not so easy to attract new investors from different countries.
This is why many Japanese companies are looking for reliable partners to help them expand their present workforce. In fact, in the past few years, many Chinese companies have started entering the Japanese market in the hope to gain a lot of profit from the Japanese labour export. Moreover, there are also some businessmen who started their own labour export businesses in Japan to tap the large labour pool available there. But these businessmen only managed to gain a very small percentage of the whole market. As a result, their businesses suffered as their competitors took over the entire market.
With this kind of scenario, the Japanese government started considering the Japanese labour export as an important source of revenue. The government has established a Special Economic Zone to attract both international and local investors to invest in the Japanese market. There are also many rules and regulations being implemented to protect the interests of the exporters. And this is helping the Japanese labour export industry to develop successfully.