Israel Japan | Business Guide | 2023

Comparative Economic Indicators: Japan Israel Gross Domestic Product (nominal, billion USD, 2022) 4,259 527 Population (millions, 2022) 124.84 9.66 GDP per capita (nominal, USD, 2021) 39,727 54,905 Annual GDP growth 2022 – 2.6% 2022 – 6.5% 2021 –1.5% 2021 – 8.7% Inflation Rate (December 2022) 4.0% 5.3% Ease of Doing Business Ranking (1=most business-friendly regulations) 30 35 Credit Rating (S&P Global) A+ AA- World Happiness Ranking (WHR 2022) 9 54 Japan Israel Gross Domestic Product (nominal, billion USD, 2022) 4,259 5 7 Population (millions, 2022) 124.84 9.66 GDP per capita (nominal, USD, 2021) 39,727 54 905 Annual GDP growth 2022 – 2.6% 6 5 2021 –1.5% 8 7 Inflation Rate (December 2022) 4.0% 5 3 Ease of Doing Business Ranking (1=mo t bu iness-frie dly regulations) 30 5 Credit Rating (S&P Global) A+ A- World Happiness Ranking (WHR 2022) 9 54 Japan I Gross Domestic Product (nominal, billion USD, 2022) 4, 59 Population (millions, 2022) 124.84 GDP per capita (nominal, USD, 2021) 39 727 5 Annual GDP growth 2 6 202 1 5 202 Inflation Rate (December 2022) 4 0 Ease of Doing B sine s Ranki g (1=most business-friendly regulations) 0 Credit Rating (S&P Global) + World Happiness Ranking (WHR 2022) 9 T he increasing cooperation between Japanese and Israeli companies in recent years creates perfect synergies , thanks to their complementary capabilities: the Israeli innovation ecosystem, a fertile ground for thousands of start-ups, generating new solutions across all sectors with the most advanced technologies; and the Japanese unparalleled excellence in quality and scalability in both manufacturing and services. The above characteristics are leaning on very distinct business cultures and mentalities. For those who are able to successfully cope with the culture gap, the sky is (not) the limit for win-win partnerships. The increasing cooperation between Japanese and Israeli companies in recent years creates perfect synergies. For those who are able to successfully cope with the culture gaps, the sky is (not) the limit for win-win partnerships | Daniel Kolbar Daniel Kolbar, Minister for Economic Affairs and Head of Israel Economic & Trade Mission in Japan Japan-Israel Economic Relations: Rising to new levels Themomentum in bilateral relations between Israel and Japan in recent years is reflected in multiple dimensions, including the increase of trade and investments in a variety of industries, such as automotive, semiconductors, healthcare, cybersecurity, fintech, climate-tech andmore. In recent years, a rapidly increasing number of Japanese companies established presence in Israel, scouting for innovative technologies and seeking strategic collaborations. Global giants such as NTT, Fujitsu, Sompo, MS-AD and Softbank are recent examples, adding on to about 100 Japanese companies with local presence in Israel. On the other hand, dozens of Israeli companies have started commercial activities in Japan in recent years, setting up offices and hiring local staff. These trends have occurred Israel-Japan > Business Guide > 2023 12 > General Information > Trade Figures