Business

With the 4th highest GDP in the world, Japan is a hotspot for entrepreneurs across the world and encourages international trade. Expats looking to start their own business in the country should consider Hiroshima. Although it doesn’t have a financial climate on the same level as Tokyo or Osaka, it’s one of Japan’s most up-and-coming areas. Here’s how to go about things if you’re thinking about self-employment in Hiroshima. Hiroshima’s Business Environment The largest prefecture in the Chugoku region of western Japan, Hiroshima may be most famous for the atrocities experienced in World War II, but it is also one of the fastest economically developing areas in Japan. Its main city is the 11th largest city in the country, and the area as a whole is considered a “microcosm of Japan” due to its demographic and socioeconomic indicators. This has led to it becoming something of a test market for various products and initiatives, which is useful for entrepreneurs. Basically, if something works in Hiroshima, it should work in Japan – and vice versa. There are over 130,000 businesses in total across the prefecture. Manufacturing is strong, with key industries including: Steel Shipbuilding Automotive Electronics Chemicals Tourism is also strong…