Changes in this sector shouldn't be surprising: the high yen, the government's pressure on employers to choose between full-time workers or nothing, and the increase of employee social welfare compulsory contributions.
With one of our sister companies in the market entry business, we have noticed in the last 3 months a gradual increase in the number of foreign firms investigating setting up an operation in Japan.
The company owes about JPY2.5trn (US$31bn) to the banks and other bond holders, a crushing debt burden, with shares slipping from around JPY800 this time last year to just JPY198 on Friday.