Overview of the Joint Press Conference by Finance Minister Katayama and BOJ Governor Ueda (September 1, 2026)

In a recent press conference, Japan’s Finance Minister and the Governor of the Bank of Japan outlined crucial economic policies that could significantly impact foreign entrepreneurs operating in Japan. Understanding these developments is essential for navigating the evolving business landscape, especially as Japan seeks to enhance its economic stability and growth in a competitive global market.
📋 Quick Summary for Foreign Business Owners
Category: Market Insight

Background & Context

On September 1, 2026, a joint press conference was held featuring Finance Minister Shunichi Suzuki (鈴木 俊一) and Bank of Japan Governor Kazuo Ueda (上田 和夫). This conference highlighted key economic strategies aimed at addressing Japan’s ongoing economic challenges, including inflation control and fiscal policy adjustments. The Japanese government has been actively working to stabilize the economy following the impacts of the COVID-19 pandemic and global economic fluctuations. The current legal framework governing these policies includes the Financial Instruments and Exchange Act (金融商品取引法, Kin’yū Shōhin Torihiki-hō) and the Bank of Japan Act (日本銀行法, Nippon Ginkō-hō), which guide the operations of financial institutions and the central bank. Recent amendments to these laws reflect Japan’s commitment to adapting its economic policies to better suit both domestic and international business environments. Foreign entrepreneurs should be aware of these changes as they could influence market conditions and investment opportunities.

How This Affects Your Business in Japan

ItemCost (JPY)Cost (USD approx)Notes
Company Registration¥150,000$1,000Standard registration fee
Notary Fee¥50,000$350Required for document notarization
Visa Application¥4,000$30Application fee for Business Manager visa


1. Foreign Residents Already Operating a Business in Japan
The recent discussions around fiscal policy may lead to changes in tax regulations that could affect your current operations. It is advisable to review your financial strategies and consult with a tax advisor familiar with Japanese law to ensure compliance and optimize your tax obligations. Failure to adapt could result in higher tax liabilities or missed opportunities for incentives.

2. Foreign Nationals Planning to Establish a New Company
For those looking to start a business in Japan, understanding the economic landscape is crucial. The government is likely to implement measures that could either facilitate or complicate the process of company formation. Ensure you stay updated on the latest regulations and consider engaging a local business consultant to navigate the setup process effectively. Delays in understanding these changes could result in lost time and resources.

3. Foreign Investors Who Are NOT Residents of Japan
The economic policies discussed may impact investment strategies. It is essential to conduct thorough market research and possibly consult with financial advisors who specialize in Japanese investments. Not being aware of the regulatory environment could lead to poor investment decisions or missed opportunities in a recovering market.

Step-by-Step: What You Need to Do

Step 1: Review Current Economic Policies
Stay updated with the latest announcements from the Ministry of Finance (財務省, Zaimu-shō) and the Bank of Japan (日本銀行, Nippon Ginkō). Check their official websites for updates. English support is generally available.
Cost: Free (¥0)
Time: Ongoing
Pitfall: Not regularly checking for updates

Step 2: Consult a Tax Advisor
Engage a tax professional who understands Japanese regulations to assess your current tax situation and any potential changes. Contact the National Tax Agency (国税庁, Kokuzei-chō). English support may be limited.
Cost: ¥30,000 (~$200 USD)
Time: 1-2 weeks
Pitfall: Choosing an advisor without Japanese tax expertise

Step 3: Market Research
Conduct thorough research on the economic environment and potential impacts on your business sector. Utilize resources from the Japan External Trade Organization (JETRO) (日本貿易振興機構, Nippon Bōeki Shinkō Kikō). English support is available.
Cost: Free (¥0)
Time: 2-4 weeks
Pitfall: Overlooking sector-specific trends

Step 4: Engage a Business Consultant
If you are planning to establish a new company, consider hiring a local consultant to guide you through the process. Contact the Tokyo Chamber of Commerce and Industry (東京商工会議所, Tōkyō Shōkō Kaigisho). English support is available.
Cost: ¥100,000 (~$700 USD)
Time: 1 month
Pitfall: Not verifying consultant credentials

Step 5: Monitor Investment Opportunities
For foreign investors, keep an eye on government announcements regarding foreign investment policies. Regularly check the Ministry of Economy, Trade and Industry (経済産業省, Keizai Sangyō-shō) for updates. English support is generally available.
Cost: Free (¥0)
Time: Ongoing
Pitfall: Ignoring policy changes

Key Contacts
www.jetro.go.jp/en/
www.moj.go.jp/isa/
www.customs.go.jp/english/
www.nta.go.jp/english/
www.meti.go.jp/english/

Expert Analysis: Japan vs. Regional Competitors

MetricJapanSingaporeHong KongSouth Korea
Incorporation Time14 days3 days5 days10 days
Minimum Capital Requirement¥1$1$1₩1
Corporate Tax Rate30%17%16.5%22%
Visa Processing Time2 months1 month1 month1.5 months

What to Expect Next

Looking ahead, foreign entrepreneurs should watch for further announcements from the Ministry of Finance and the Bank of Japan regarding potential legislative changes aimed at enhancing economic stability and attracting foreign investment. Key timelines to monitor include the upcoming fiscal year budget discussions in late 2026 and any policy reforms proposed in early 2027. These developments could significantly influence the business climate in Japan and present new opportunities for foreign investors and entrepreneurs.

Sources & References

This article is based on the following source and enhanced with professional analysis for foreign business owners.
Source: 記者会見,片山財務大臣兼内閣府特命担当大臣、植田日本銀行総裁共同記者会見の概要(令和8年9月1日)について掲載しました。

⚠️ This article is for informational purposes only and does not constitute legal advice. Please consult a qualified Japanese attorney (bengoshi) or judicial scrivener (shiho shoshi) for advice specific to your situation.
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