Employment Law (Kyuryocheck.jp, 2019).

• Minimum wage set by the Minimum Wage Act, as of 2015-2016
• 907 Japanese Yen˃20
• 693 Japanese Yen<20
• Female employees are entitled to maternity leave of 14 weeks (6weeks prior and 8weeks after delivery)- Labor Standards Act, 1947

Consumption Tax (Shagina, 2019)

• Consumption Tax: 10%

Trade Regulations

• Import licensing is a requirement for various goods, including animals, plants, perishables, and high-value goods. Japan has a 2.5% tariff on non-agricultural goods, and the country also has barriers that hinder the importation of various alien goods to promote locally produced goods.
• A flat consumption tax rate of 10% is charged on a wide range of products. However, additional taxes are levied on tobacco and liquor products.
• It has restrictions on the importations of explosives, narcotics, firearms, counterfeit currency, and pornography, among other items that violate the intellectual property laws.
• Labeling of goods is a requirement that is mainly done at the point of sale and less regarded at the customs. Labeling on the country of origin is not a fundamental requirement except for foods and beverages that should show the right information.

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Business Observations

• The four regulations are geared towards promoting development through ensuring there are favorable policies for producers.
• The Minimum Wage Act
• covers employees’ needs and is influenced by the growth policies of the region.
• The consumption tax of 10% is charged to make life affordable for its citizens. However, those of liquor and tobacco are charged at a higher rate.
• The trade regulations play a significant role in ensuring that the country makes life affordable for its citizens, while at the same time develops. The regulations pertaining to trade ensures that Japan conducts its trade activities in a favorable manner that grows the general economy. The tariffs are beneficial for manufacturers and, thus, encouraging local production.

References

Kyuryocheck.jp. (2019, November 22). Jobs and wages. Retrieved March 26, 2020, from Kyuryocheck.jp: https://web.archive.org/web/20191122032319/https://kyuryocheck.jp/labour-law/shigoto-to-chingin

Shagina, M. (2019, June). Sanctions in Japan-Russia Economic Relations: Impact and Adaption. Retrieved March 26, 2020, from Institute for Security and Development Policy: https://isdp.eu/publication/sanctions-in-japan-russia-economic-relations-impact-and-adaption/