The Business Times
business-time-50
SGSME logo

Sun rising for Singapore businesses breaking into Japan market

From on-demand transport to fresh-juice vending machines, home-grown players bring their innovations to this traditionally tricky market

google-preferred-sourceAdd BT as a preferred source

Paige Lim &

Srinidhi Ragavendran

Published Wed, Apr 24, 2024 · 02:00 PM
    • A view of the Shibuya crossing in Tokyo. “Singapore companies are increasingly drawn to Japan and keen to leverage its established business ecosystem to collaborate with other multinational firms there,” says EnterpriseSG's Yeoh Mei Ling.
    • A view of the Shibuya crossing in Tokyo. “Singapore companies are increasingly drawn to Japan and keen to leverage its established business ecosystem to collaborate with other multinational firms there,” says EnterpriseSG's Yeoh Mei Ling. PHOTO: EPA-EFE

    JAPAN has traditionally been a tough market to enter – but that has not put off some Singapore firms.

    “Singapore companies are increasingly drawn to Japan and keen to leverage its established business ecosystem to collaborate with other multinational firms there,” said Yeoh Mei Ling, director of North-east Asia and Oceania at Enterprise Singapore (EnterpriseSG).

    This is as Japan has grown more open to foreign investment, and its business environment has improved in recent years, she added.

    Singapore SMEsSMEsJapanEnterprise SGSpotlight

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More