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.

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Feb
27
2015
ESMA and JFSA Conclude a Memorandum of Understanding Regarding CCPs Katten
Oct
30
2015
CFTC Exempts a Japanese Clearing Organization and Korean Exchange From Derivatives Clearing Organization Registration Katten
Mar
6
2015
Banker Settles with SEC for Role in Olympus Scandal Katten
Aug
24
2014
European Securities and Markets Authority (ESMA) Publishes Updated List of Non-European Economic Area (EEA) Central Counterparties Applying for Recognition Under European Market Infrastructure Directive (EMIR) Katten
Nov
2
2014
European Commission Adopts First Equivalence Decisions for Non-EU Central Counterparties (CCPs) Katten
Aug
10
2018
CFTC Proposes Rules to Simplify Process for Foreign Clearing Organizations to Obtain DCO Registration Exemptions Katten
Jan
4
2014
Commodity Futures Trading Commission (CFTC) Issues No-Action Relief from Certain Swap Data Reporting Requirements Katten
May
6
2024
Digital Nomad Visas Offered by Italy, Japan Jackson Lewis P.C.
May
17
2024
State Department Announces New J-1 Visa Japanese Specialist Program Jackson Lewis P.C.
Feb
26
2020
Coronavirus Concerns Continue as CDC Issues Additional Travel Notices Proskauer Rose LLP
Dec
10
2018
Japan’s Labor Reform Caps Overtime in a Bid to Curb Karoshi Proskauer Rose LLP
Jan
4
2018
Multi-Billion Dollar Japanese Tech Conglomerate to Process Salaries in Bitcoin Proskauer Rose LLP
May
12
2020
First Circuit Holds Japan is an Adequate Alternative Forum Proskauer Rose LLP
Sep
6
2019
Jurisdictional Lessons from Mt. Gox Cryptocurrency Litigation Bilzin Sumberg
Sep
8
2014
Foreign Agents Registration Act (FARA) Again in the Spotlight: New York Times Examines Foreign Funding and Think Tanks Covington & Burling LLP
Aug
17
2018
EU and Japan conclude talks on reciprocal adequacy finding Covington & Burling LLP
Sep
1
2016
Japan and Africa: Turning A New Page Covington & Burling LLP
Mar
15
2018
Next Up: Section 301 Companies and Global Markets Should Prepare for the Risk of Rising U.S.-China Trade Tensions Covington & Burling LLP
Jun
10
2014
G7 Leaders Tackle Growth, Stability and Tax Bases; Warn Absent Russia Covington & Burling LLP
Jun
19
2018
US Makes Good on Trade Threats – What Now? Covington & Burling LLP
Mar
15
2017
Tensions Heighten on the Korean Peninsula Covington & Burling LLP
Nov
11
2014
Steps toward More Harmonized Regulation of Software as a Medical Device: New IMDRF (International Medical Device Regulators Forum) Policy Position Covington & Burling LLP
Apr
26
2017
Global Data Protection: Developments in Right to Be Forgotten Covington & Burling LLP
May
6
2016
Tokyo District Court Rules that “US-Style” Dismissal is Invalid Squire Patton Boggs (US) LLP
Feb
7
2018
New/Upcoming CFIUS Filing: Fujifilm Holding Corporation and Xerox Corporation Squire Patton Boggs (US) LLP
Nov
27
2023
Considering DPF Certification? It May be Worth Considering APEC Certifications, Too Squire Patton Boggs (US) LLP
Oct
25
2017
The Japanese Layoff that didn’t “Fly” Squire Patton Boggs (US) LLP
Feb
20
2020
Fiscal Year 2021 President’s Budget Request: Function 150 Account Highlights Squire Patton Boggs (US) LLP
Sep
16
2015
Japan Amends Its Data Privacy Law: “Big Data” Comes With New Regulations Squire Patton Boggs (US) LLP
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
Jan
9
2023
Chips Chatter: January 2-9 Squire Patton Boggs (US) LLP
Nov
14
2017
Tokyo 2020 adopts proactive stance on “fake news”: a new reality of running major events Squire Patton Boggs (US) LLP
Feb
28
2022
Transatlantic Trade | US and Europe – Week of February 21, 2022 Squire Patton Boggs (US) LLP
Mar
12
2024
Japan’s New Draft Guidelines on AI and Copyright: Is It Really OK to Train AI Using Pirated Materials? Squire Patton Boggs (US) LLP
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
 

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