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
7
2017
Blockchain Energizer - Volume 12: September 7, 2017 K&L Gates
Sep
5
2017
ITC Issues First Exclusion Order on SEPs and Upcoming Opinion Expected To Provide Important Guidance on FRAND and SEPs Mintz
Aug
25
2017
New Antidumping and Countervailing Duty Petitions on Titanium Sponge from Japan and Kazakhstan Faegre Drinker
Aug
18
2017
Japan Finalizes Report on Positive List System for Food-Contact Materials Keller and Heckman LLP
Jul
17
2017
Biosimilar Uptake and Patent Litigation in Japan Sterne, Kessler, Goldstein & Fox P.L.L.C.
Jul
6
2017
Takata Declares Bankruptcy: What are the Key Next Steps for Suppliers? Foley & Lardner LLP
Jun
30
2017
ASIC extends FinTech cooperation to Asian counterparts K&L Gates
Jun
20
2017
Cryptocurrencies Becoming More Mainstream? K&L Gates
May
20
2017
Japan Poised to Adopt Positive List System for Food-Contact Materials Keller and Heckman LLP
May
16
2017
Patent Grace Period Laws in the IP5 Patent Offices: Some Similarities But Largely Different Sterne, Kessler, Goldstein & Fox P.L.L.C.
May
12
2017
No Cybersecurity? No Business, Banks Say K&L Gates
May
4
2017
Fast-Tracking Patent Applications in Asia Sterne, Kessler, Goldstein & Fox P.L.L.C.
Apr
26
2017
Global Data Protection: Developments in Right to Be Forgotten Covington & Burling LLP
Mar
20
2017
Regulators in United Kingdom and Japan Enter Into Co-Operation Framework K&L Gates
Mar
15
2017
Tensions Heighten on the Korean Peninsula Covington & Burling LLP
Mar
3
2017
Upcoming/New CFIUS Filing: Intelsat, SoftBank and WorldVu Squire Patton Boggs (US) LLP
Feb
17
2017
Trade Talk: Week in Review (6-12 February 2017) Squire Patton Boggs (US) LLP
Feb
17
2017
Upcoming/New CFIUS Filing: SoftBank Group Corp. and Fortress Investment Group Squire Patton Boggs (US) LLP
Feb
5
2017
South Korea and Japan Announce New Sanctions on North Korea Squire Patton Boggs (US) LLP
Dec
23
2016
Upcoming/New CFIUS Filing: TDK Corporation and InvenSense, Inc. Squire Patton Boggs (US) LLP
Dec
18
2016
Margin Rules for Non-Cleared Swaps and Industry Initiatives for Implementation Vedder Price
Nov
16
2016
Women in Workforce: Breaking “Million Yen Barrier” in Japan Squire Patton Boggs (US) LLP
Sep
26
2016
Review of International Regulation of Social Media Promotions at the 2016 RAPS Conference Mintz
Sep
16
2016
Trade Talk: Week in Review (6-11 September 2016): JASTA; North Korea Nuclear Test; TPP Support Lack Squire Patton Boggs (US) LLP
Sep
9
2016
CFTC Issues Comparability Determination for Japan Uncleared Swap Margin Rules Katten
Sep
1
2016
Japan and Africa: Turning A New Page Covington & Burling LLP
Jul
12
2016
The Tokyo Stock Exchange: Gateway to the Asian Market Greenberg Traurig, LLP
May
6
2016
Tokyo District Court Rules that “US-Style” Dismissal is Invalid Squire Patton Boggs (US) LLP
Mar
31
2016
Three Ways to Dismiss Employees in Japan Squire Patton Boggs (US) LLP
Mar
19
2016
The Effect of Financial Instruments and Exchange Act of Japan Article 63 Amendments on Existing Article 63 Exemption Operators Morgan, Lewis & Bockius LLP
Mar
17
2016
Enhanced Sharing of Antitrust Evidence: New EU/Japan Cooperation Agreement McDermott Will & Emery
Feb
13
2016
Japan Financial Services Agency Finalizes Amendments to the Article 63 Exemption Morgan, Lewis & Bockius LLP
Jan
15
2016
2015 Global Cartel Enforcement Report Morgan, Lewis & Bockius LLP
Jan
11
2016
U.S. Department of Defense Seeks Industry Input on Negotiation of Reciprocal Defense Procurement Pact with Japan’s Ministry of Defense Holland & Hart LLP
Jan
3
2016
Japan Trade Alert Cadwalader, Wickersham & Taft LLP
 

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