Reception for Japanese companies at City Hall
(January 23, 2015) In collaboration with Invest in Bavaria, the Japanese Consulate-General, the Japan Club and Japanese foreign trade organization JETRO, the City of Munich recently invited Japanese companies in the region to attend a reception in Munich's City Hall. More than 100 guests attended the event, which was hosted in the magnificent meeting room.
This was the fourth time that the City of Munich had participated in staging the annual reception. Many Japanese firms value the invitation, seeing it as an important sign of the city's appreciation for the Japanese business community.
Japan's Consul-General pleased at positive cooperation
In his opening address, Hidenao Yanagi, Japan's Consul-General in Munich, talked about the economic situation in his home country. Japan's economy improved further in 2014, and industry in particular saw a sharp jump in profits. Yanagi explained that, in the years ahead, the government is planning primarily to reduce corporate taxes to below 30%. In his speech, he also praised positive cooperation with the Department of Labor and Economic Development and the establishment of a Service Center for International Professionals at the Department of Public Order.
Japan – an important business partner for Munich
Japan is an important business partner for the City of Munich and for Bavaria as a whole. Some 250 Japanese companies have a presence in the region, driving economic growth and creating jobs. Around 3,000 Japanese citizens are resident in the Bavarian capital, which has also been committed to a city partnership with the Japanese city of Sapporo since 1972.