Living between bridges

Living between bridges
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Thursday, December 10, 2009

Negotiating with Japanese counterparts

Some points I have retained while interacting with Japanese people, some have been addressed in these Fora by other group colleagues, namely the issue surrounding soft no. I would like to stress 6 points that I found vital in my past experiences.

First and fundamental, do your homework and prepare presentations preferably with bilingual text (other + Japanese). I notice a very different attitude on Japanese people when they are surprised with a document written in Japanese. But be extremely careful with the translation; always get quality control on your Japanese texts by another entity.

Second, do not to engage in negotiations under a strong effect of jet lag. In my first trips to Japan very nice Japanese people were always waiting for me at the first day and take me for long sessions with dinner party and so on. Don´t fall on that “pleasant trap”. Arrive, head to your Hotel and get to sleep at the convenient local time, even if you have to induce sleep. This way you reduce fatigue and reinforce control of emotions, which you’ll really need during negotiations. This a basic issue but it is the most common mistake. It has been quite unpleasant to see persons, who normally behave correctly in their own country, having an odd behavior under the effects of jet lag. Play it safe, it is hard to negotiate with people in a different business and cultural environment so don´t make it impossible.


Always take interpreter with you, preferable two: One for language and another, preferably a local, to tell you more than the words that were said, in other words a cultural interpreter. So many times I found out that what one said, what one heard and what one meant were quite divergent issues.


Be prepared to make several trips and several presentations to the same persons before reaching a conclusion. For each new time, improve your presentation considering the questions people posed but keep saying the same over and over. Unlike most western styles, you have to repeat every time the same message. Actually, Japanese people enjoy it, It´s like Kabuki: If it´s beautiful you must repeat it again and again.


While in meetings, Japanese people keep saying yes and shaking their heads as if they were agreeing with everything one says. As a matter of fact, what they really mean is that they are listening or paying attention, no agreement whatsoever.

Negotiations and presentations are Tatemae (formal) moments. If possible as negotiations develop invite your counterparts for an early dinner in order to create a hone (casual) moment. Many negotiations come to a conclusion after an animated dinner takes place but be very careful: don´t push too much on those occasions, issues often come naturally.

This is not much, and there is not much elaboration on these lines. Anyway, I believe it is such a waste to see people forgetting these simple and basic requirements while negotiating with Japanese counterparts.

Saturday, June 27, 2009

FDI Into Japan Reaches Record High for Second Straight Year in 2008



GDP comparison of Japan with other major economic regions (US$ billion, 2007)
Source: Prepared based on "World Economic Outlook Database" (April, 2008), IMF



GDP comparison of Japan's regions with some countries (US$ billion)
Note: 2005 data is used for Japan; 2007 data is used for all other countries. Exchange rates based on IMF period-average rates.Source: "World Economic Outlook Database" (April, 2008), IMF; "Prefectural Economic Almanac" (February, 2008), Economic and Social Research Institute, Cabinet Office

"..Net FDI into Japan (balance of payment basis) reached a record high for the second consecutive year in 2008, reaching US$24.5 billion, up 10.7% from US$22.1 billion recorded the previous year. This is on a gross capital inflow of US$73.2 billion, a record, and a gross capital outflow of US$48.6 billion, which is not far behind the
US$52.5 billion recorded in 2006. The high inflow was led by additional investments made by financial institutions and companies seeking to boost the capital of their Japanese subsidiaries, while deteriorating economic conditions in industrialized nations may have played a factor in the high outflow figure..."


The seeds of Koizumi-san efforts are flourishing, namely, the launching on the Asian Gateway initiative and Invest in Japan - the Foreign Investment Agency.

For me, it is very odd and shortsighted that European leadership is not paying the suitable attention on the social and economic developments in Japan.

I heard the most outstanding remark made by a former European Minister of Finance:

“…Japan is not a transparent society because………because they speak and write in Japanese…”

Deep thought, so desu ne?

Wednesday, June 24, 2009

TSF - entrada de capitais espanhóis em Portugal 22/06/2009

"No Fórum TSF desta quarta-feira vamos debater a entrada de capitais espanhóis em Portugal e a importância dos centros de decisão. A PT prepara-se para comprar aos espanhóis da Prisa 30% da Media Capital. Com este negócio a Prisa consegue um parceiro estratégico português e a PT volta a posicionar-se no mercado dos media. Existem actualmente mais de 800 empresas em Portugal detidas maioritariamente por capital espanhol. A situação levanta a questão dos centros de decisão, onde está o poder de definir o futuro de uma empresa e para onde vão os lucros."

O tema e as intervenções de hoje no Fórum da TSF agradaram-me bastante.
A intervenção de Peres Metello focou os temas fundamentais. Discutir obstruções à integração Ibérica e Europeia, bem como à Globalização, é, com o devido respeito, uma diletância. Fundamental é discutir como vencer em concorrência global e como nos afirmar o país na cena mundial.

No entanto, a entrada de capitais estrangeiros é um tema que requer esclarecimento.

1 – Os novos investimentos, em manufactura, são efectuados fora da Europa. A Europa já não é competitiva para a captação destes investimentos.
Devemos efectuar um grande esforço para manter e desenvolver as unidades produtivas existentes em Portugal, Portuguesas e Estrangeiras.

Perder a Auto Europa será dramático para Portugal. Poderá ser a ruína do “Cluster “Automóvel.
Temos uma localização geográfica central (Europa, Américas e África) mas considerada periférica para os europeus. Várias empresas vão integrar na “Pegada Ambiental” o CO2 produzido no transporte da sua actividade, incluindo a movimentação dos produtos em laboração.

2 – Nos novos investimentos (em bens e serviços transaccionados internacionalmente) destinam-se a processos de racionalização ou questões ambientais. Ou seja reduzem postos de trabalho.

3 – É essencial atrair projectos que promovam mais desenvolvimento para o país e reforcem as competitividades internacional.

Exemplos: Tecnologias de Informação e Comunicação, Turismo, Saúde e Mar.

Actividades de investigação na área do mar são particularmente relevantes pois ainda não temos uma visão claramente definida de como iremos explorar os nossos recursos marítimos, recentemente alargados.

Afirmação internacional, caminhos

1 – Integração mais activa na economia de rede, na globalização

2 – Os grandes grupos em PT desenvolveram-se protegidos da concorrência internacional.
Há um problema de mentalidades e de condutas.

Recordo-me das observações e empresários Japoneses que tiveram projectos em Portugal.

“... Portugal está na Europa, mas os Portugueses ainda não são verdadeiramente Europeus..”

Este tema é fundamental, é necessário democratizar e inovar mais a economia. Mais exposição internacional tornará os Portugueses mais internacionais.


Nota final sobre as exigências da presença em mercados internacionais e nossa percepção sobre os nossos produtos.

A Via Verde foi apresentada no Japão pela Mitsubishi Corporation mas sem sucesso:
A aplicação não assegurava um nível de eficácia e fiabilidade (erros & falhas) aceitável pelos clientes Japoneses



Paulo Vieira, Ex-membro da Comissão Executiva e da Estrutura para a Constituição da API - Agência Portuguesa para o Investimento

Saturday, June 20, 2009

End of BOJ funding measures tied to economy | The Japan Times Online

1.6% GDP growth forecast for second quarter and now BOJ cools down “…The Bank of Japan said this week that the country's worst postwar recession is easing as fiscal stimulus measures worldwide spur demand and companies increase production….”

End of BOJ funding measures tied to economy The Japan Times Online

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