The Government of Japan has for a prolonged period, strived for the excellence of industrial growth and diversification. Here, the Ministry of Finance and the Ministry of Economy Trade and Industry handle all the economic affairs of the country. And, there are a number of reasons as to why they have helped trade and commerce prosper beautifully.
• Low Interest Rates: An elegant move on behalf of the government, this has reduced the investments made by different corporations.
• Administrative Guidance: Given by public official to industries, in order to persuade the company to opt for desirable strategies. These officials hold the reins for withholding loans, tax concessions, grants, contracts permits foreign exchanges etc.
• International and Domestic Business: They have propagated by the aggressive policies adopted by the government in various sectors.
Japan, at present, stands as the third largest economy, fourth largest exporter and for the largest importer in the world (Chase, 2006). None of which would have been a possibility without the active participation of the government in nurturing the interests of the industries. Be it electronics, automobile, machineries, chemical, textile industries, Japan has surpassed every standard and has pioneered gradually (Crane, 2010). Elecdyne can fruitfully harness the resources and infrastructure that has been put to use by the Government, all of which ensures internationalisation in every sphere. Going global isn’t a challenge. Rather, it is the wise use of what is still there and how it can be utilised optimally, which is the actual match point.