Top 10 Indian Leaders in Japan - 2022

Apart from being known for being safe, convenient and clean, Japan has emerged as a leading nation in today’s world with a strong economy, highly sophisticated infrastructure and a reliable tax regime, which offers a great business environment for businesses wishing to expand to Asia, and hence ranks 29th in the world in the ease of doing business. Japan has established itself as not only a leading nation in Asia, but around the world. With its population consisting of 126.5 million people and its major industries including automobiles, computers and consumer electronics, there is ample opportunity for players in an array of industries, to enter the Japanese market. Japan has made boundless impression in the world market with their products. Being the third largest economy Japan is actively opening doors to foreign investors, ensuring that they get the best possible environment. Japan ranked 29^th out of 190 countries in the World Bank's latest Doing Business report, an increase from the previous edition when it ranked 39th. The country has a solid net foreign creditor position and external indicators are generally robust.

Japan is actively opening its doors to foreign business, as it's aiming to create the best possible environment for overseas investors. The country's key strengths are its position as a leader in advanced technology, R&D, and a big internal market with high purchasing power and a highly skilled workforce. Advanced manufacturing and services accounts a large portion of Japan's GDP and employment. The Japanese economy is mainly characterized by MSMEs. Over 99 percent of all Japanese enterprises are categorized as small or medium and they employs over 80 percent of Japanese population. FDI flow to Japan remains low compared to most other developed nations across the world and relatively unstable. Japan's FDI stock was estimated at about $243 billion in 2020. The major countries investing in Japan are US, France, Netherlands, Singapore and UK, and they represent nearly two-third of FDI flow. Japan is home to a large number of expats working in the technology sector. There are around 28.2 lakh foreigners in Japan. Although most of them are the origin China, Korea, Vietnam and Philippines, there are currently around 40,000 Indians residing in Japan. This contributes to 1.34 percent of Japanese population. Also, 60 percent of this population is working in IT sector.

In this issue of CEO Insights, we bring you a list of ‘Top 10 Indian Leaders in Japan – 2022’ who have leveraged their extensive industry expertise and experience for the growth and profit of the respective organizations in which they have served. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.