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OSAKA OVERVIEW
- Population:
Osaka is the capital of Osaka Prefecture and part of the Keihanshin metropolitan area (Osaka-Kyoto-Kobe), which has a total population of over 19 million people. The city itself has around 2.7 million residents, making it Japan’s third-largest city after Tokyo and Yokohama. It is a major commercial and industrial hub with a long history of trade and entrepreneurship. - English Prevalence:
- English proficiency is lower than in Tokyo, but still present in major companies, tech parks, and universities.
- Tourism-focused businesses (hotels, restaurants, retail) often provide English-language services.
- In business settings, especially SMEs, Japanese is typically required, and contracts and legal processes are conducted almost entirely in Japanese.
- Major Industries:
- Manufacturing: Osaka has long been a center for chemicals, electronics, machinery, and food processing.
- Pharmaceuticals and Biotech: Home to companies like Takeda and a growing life sciences sector.
- Commerce and Trade: A legacy trading city with active logistics, wholesale, and retail sectors.
- Tourism: Popular with both domestic and international tourists for its food culture, historical sites, and entertainment.
- Finance and Insurance: Secondary to Tokyo but still significant, with branches of major banks and insurers.
- Startups and Innovation: Growth in tech, robotics, and biotech startups, often supported by local accelerators and government initiatives.
- Business and Legal Support:
- Business Setup:
Osaka offers many of the same company structures as Tokyo:
- KK (Kabushiki Kaisha) and GK (Godo Kaisha) are the most common.
- It's slightly more cost-effective than Tokyo, especially for office space and labor.
- Foreign Business Environment:
- Osaka Global Startup Center and Osaka Chamber of Commerce offer bilingual support for foreign entrepreneurs.
- JETRO also operates in Osaka and provides assistance for company registration, licensing, and market research.
- Legal Services:
- Fewer international firms than in Tokyo, but a solid base of Japanese firms with bilingual staff exists.
- Visa sponsorship, IP protection, and commercial contracts usually require Japanese-language legal support.
- Challenges:
- Similar to Tokyo: language and bureaucracy are barriers for newcomers.
- Business culture can be less formal and more direct than Tokyo, which some find easier to navigate.
- Still very much a relationship-driven market, especially in traditional industries.
