1. Japan has 4.2 million companies-Total number of SMES 4.19 million, total number of large corporations-12,000
2. SMEs Account for 99.7% of all companies, 70% of all employees, and more than 50% of all added value (manufacturing industry) in Japan, SMEs form the very basis of the Japanese economy.
3. Large corporations such as Toyota, Honda, and Sony started out as small backstreet factories
4. The majority of the products of large corporations consist of components from SME subcontractors; thus, it is the hidden strength of SMEs that underpins trust in Japanese products.
5. The economies of Japan’s provincial areas are supported by the activities of SMEs – mainly in the service industry, retail trade, and the construction industry – and SMEs play a part in revitalizing local economies and boosting employment opportunities.
6. Japan has 2 Major SME Policies being the Support of SMEs and Job Creation
- Information valid as of 2013
