708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...

Business overview of Japan
Trade policy of Japan
• Export policy of Japan
• Import policy of Japan
Export policy of Japan
For many years, sell to other countries promotion was a large issue
in Japanese government course of action. Government official acknowledged
that Japan required importing to grow and grow, and it needed to generate
exports to pay for those imports. After 1945, Japan had complication export
enough to pay for its imports until the mid-1960s, and resulting deficits were
the justification for sell to other countries endorsement programs and import
restrictions.
The belief in the need to promote export is early strong and part of Japan's
self-image as a "processing country A dealing out nation must import raw
materials but is capable to pay for the imports by adding importance to them
and exporting some of the output. Nations develop stronger economically by
affecting up the industrial hierarchy to produce products with superior value
added to the basic inputs. Rather than letting markets get done this
movement on their own, the Japanese control felt the economy should be
guide in this way all the way through industrial policy.
Japan's methods of promote exports have taken two paths. The first was to
build up first-class industries that can firstly substitute for imports and then
fight in international markets. The second was to provide incentives for firms
to export.
During the first two decades later than World War II, export incentives took the
form of a join up of tax support and government assistance to construct export
industries. After joining the International Monetary Fund (IMF) in 1964,
however, Japan had to drop its main export incentive — the whole exclusion
of export income from taxes — to fulfill with IMF procedures. It did keep into
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