The CCC risk rating is impacted by the Sovereign Probability of Default (ability and willingness to honour financial obligations), political risks, and other mitigating or worsening factors.
Business environment in Japan
Japan is one of the world’s largest economies and one of Canada’s most important economic and commercial partners. Canadian investment in Japan is significant and diverse, with over 100 companies having a permanent presence in the market. This is due to Japan’s exceptional business environment which is characterized by its excellent infrastructure, low levels of corruption and strong rule of law. Additionally, Japan’s high standards for education have produced a highly technical and skilled workforce. Japan’s participation in the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade agreement, as well as the Canada-Japan Economic Partnership Agreement (CJEPA) is a positive for Canadian companies and investors looking to grow their footprint in the country.
Get the latest on Canada's new free trade agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It's a trade deal with 10 countries bordering on the Pacific Ocean, including Japan, Malaysia, Peru and Mexico.
Here’s a helpful tip for doing business in Japan
A hard-sell approach will not work in Japan, where prospects are more open to polite, humble presentations that point out the mutual benefits to both parties.