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Austrade and Japan External Trade Organisation (JETRO) invite you to attend a webinar “Scaling up your business in Japan – how and why?”. The opportunity for Australian technology to solve complex issues both in Japan and in partnership globally, has never been clearer. Under Abenomics, Japanese Government policies and funding are fostering the development of innovation and technology and attracting technology companies into the Japanese market. JETRO’s “Invest Japan” strategy is a key initiative which Austrade is pleased to support.
As a market, Japan has consistently been ranked in the top 3 for investment in research & development globally, spending over 3.0 % of its annual GDP on R&D. Japan was the third highest patent holding country globally in 2018 and in the same year announced more than 1,000 offshore acquisitions totalling a record $191 billion. $26 billion of that total was investment into Australia. Modelling by the Australian and Japanese Economic Intelligence Institute shows that Japan’s FDI into Australia by 2019 had reached $116 billion. In addition, Japanese portfolio investment into Australia in 2019 was $90 billion, twelve times that from China. And with Japanese companies in possession of more than $890 billion in cash, the scale of investment is likely to continue.
Further webinars will be announced through to November 2020.
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