Japan

Japan is a sovereign island located in East-Asia. It is often referred to as the “Land of the Rising Sun,” given its name means “sun origin”. The country consists of nearly 6900 smaller islands, with the largest being Hokkaido, Honshu, Kyushu, and Shikoku, making up approximately 97% of the country’s land area. With a population of nearly 128 million, it is the 10th most populous country in the world, with about 9.1 million living in the country’s capital, Tokyo.

Japan is a member of the UN, G7, G8, and G20, OECD, and is considered a great power in the world. It has the third largest nominal GDP in the world, and fourth largest purchasing power parity (PPP). It is also the world’s fourth largest exporter and importer of goods. A skilled workforce, which are considered among the most educated in the world, the country is a major trade partner and economic driver for other nations around the world.

Japan has the world’s eighth largest military budget worldwide, with primary goals of peacekeeping and self-defense. The country enjoys the highest life expectancy worldwide, and the country is highly regarded for its cinema, cuisine, tourism, and modern-day technology production, among other facets. Nearly 73% of the country’s landmass is forested, mountainous, and isn’t suitable for agriculture, or industrial/residential use. Because of this, the 27% of the country’s hospitable zones, are high density populations.

As a constitutional monarchy, the Emperor has very limited powers in Japan; the constitution defines the Emperor as "the symbol of the State and of the unity of the people". The Chief Prime Minister and cabinet control a majority of the executive authority in the country. The Japanese legal system is highly influenced by Chinese law, but since the 19th century the judicial system has been highly influenced by the civil laws of Europe, most notably that of Germany.

In Japan, the judicial power is vested in the Supreme Court.  Lower courts include the High Court, District Court, Family Courts and Summary Courts.  The judiciary is independent, as guaranteed by the Japanese Constitution, and most judges are basically lifetime employees of the government.

Japan is home to some of the most technologically advanced auto-manufacturers in the world, ships, steel and nonferrous metals, machine tools, processed foods, textiles, and machine tools. Among the leading exports from Japan were auto, electronics, transportation equipment, semiconductor, iron and steel parts. Its leading imports included fossil fuels, chemicals, textiles, raw materials, and machinery/equipment. Tourism is also a major economic driver, with nearly 20 million visiting the country in 2015, and over 24 million tourists visiting in 2016.

The National Law Review covers news stories from Japan, which affect the country, and international markets alike. Pharmaceuticals, healthcare sector, international trade, imports and exports, CFIUS and international purchases/acquisitions, fuel policies, and foreign relations. From international trade, company acquisitions, sales, cybersecurity and cryptocurrency markets, or new legislation between Japan and foreign country’s governments, the National Law Review has up to date news visitors want to read.

Custom text Title Organization
Sep
19
2019
A Week of Surreal Headlines: A Charging Bull Smashed by Man Wielding Banjo, A Stolen 18-Karat Gold Toilet, and a $20 Million Consignment Decided by a Game of Rock, Paper, Scissors Wilson Elser Moskowitz Edelman & Dicker LLP
Sep
6
2019
Jurisdictional Lessons from Mt. Gox Cryptocurrency Litigation Bilzin Sumberg
Aug
29
2019
The Energizer – Volume 50 K&L Gates
Aug
20
2019
Japan Notifies WTO of its New Positive List for Plastic Food-Contact Materials Keller and Heckman LLP
Aug
20
2019
A Chinese Export License to Get a Smart Phone? Tech-Tonic Changes in World Export Controls Sheppard, Mullin, Richter & Hampton LLP
Aug
9
2019
Lawsuit Against Pace Gallery Owners Over Agnes Martin Works Dismissed & Other Art World Headlines Wilson Elser Moskowitz Edelman & Dicker LLP
Jul
24
2019
New Regulations in Japan on Security Token Offerings Greenberg Traurig, LLP
Jul
18
2019
Privacy Tip #199 – Guard Your Cryptowallet: Cryptoheist in Japan Drains $32 Million From Exchange Robinson & Cole LLP
Jul
15
2019
CFIUS Filing Clearance: SoftBank Group and GM Cruise Holdings Squire Patton Boggs (US) LLP
Jul
12
2019
CFTC and Financial Services Agency of Japan Issue Joint Statement on Comparability of Derivatives Trading Venues Katten
Jun
19
2019
Brazil: Visa Exemption for United States, Canadian, Australian, and Japanese Citizens Mintz
Jun
12
2019
FTC Charges Two Japanese Corporations with Alleged HSR Avoidance Scheme Cadwalader, Wickersham & Taft LLP
Jun
7
2019
The Energizer – Volume 46 K&L Gates
May
23
2019
President Trump: “When It Comes to Leverage, Tariffs Are King” – What You Need to Know Squire Patton Boggs (US) LLP
Apr
26
2019
International Cryptocurrency Regulation Top of the Agenda For The Japan G20 Summit K&L Gates
Apr
26
2019
International Cryptocurrency Regulation Top of the Agennda for the Japan G20 Summit K&L Gates
Feb
25
2019
Japan's Regulation of Food Contact Materials - A Step Closer to the New Positive List System Keller and Heckman LLP
Feb
1
2019
European Commission adopts adequacy decision on Japan Squire Patton Boggs (US) LLP
Jan
29
2019
Free Trade Agreement Takes Effect Without U.S. Squire Patton Boggs (US) LLP
Jan
28
2019
EU and Japan Finalize Data Transfer Deal Sheppard, Mullin, Richter & Hampton LLP
Jan
25
2019
European Union Adopts Adequacy Decision For Safe Data Flows With Japan Faegre Drinker
Jan
10
2019
Forecast for U.S. Federal and International Chemical Regulatory Policy 2019: Asia & Australia Bergeson & Campbell, P.C.
Dec
10
2018
Japan’s Labor Reform Caps Overtime in a Bid to Curb Karoshi Proskauer Rose LLP
Nov
19
2018
Upcoming/New CFIUS Filing: Renesas Electronics and Integrated Device Technology Squire Patton Boggs (US) LLP
Nov
16
2018
Blockchain Energizer – Volume 38 K&L Gates
Oct
26
2018
Trump Administration Formally Initiates Bilateral Trade Negotiations with Japan, Seeks Stakeholder Input on Negotiating Objectives by November 26 Faegre Drinker
Sep
20
2018
Procedure Launched for Japan and the European Union to Become the World’s Largest Area of Safe Data Transfers Squire Patton Boggs (US) LLP
Aug
24
2018
Accelerating Biofuels Utilizing Red Algae and "Fatberg" into Fuel Bergeson & Campbell, P.C.
Aug
17
2018
EU and Japan conclude talks on reciprocal adequacy finding Covington & Burling LLP
Aug
16
2018
Upcoming/New CFIUS Filing: Deutsche Telekom/T-Mobile US and Sprint Corporation Squire Patton Boggs (US) LLP
Aug
10
2018
CFTC Proposes Rules to Simplify Process for Foreign Clearing Organizations to Obtain DCO Registration Exemptions Katten
Aug
9
2018
EU and Japan Strike Tentative Data Transfer Deal Sheppard, Mullin, Richter & Hampton LLP
Jun
19
2018
US Makes Good on Trade Threats – What Now? Covington & Burling LLP
May
23
2018
2018 – Problem and Promise of Cryptocompliance in Asia Squire Patton Boggs (US) LLP
May
7
2018
K&L Gates Blockchain Energizer – Volume 27: May 7, 2018 K&L Gates
 

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