“A leading contributor to Asia Pacific’s rise into global prominence”, Japan has helped the region become “a global production powerhouse” with its focus on product design and higher value-added manufacturing, according to global professional services company PWC. Highlighting the country’s long-term investments in industry, infrastructure and technology, PWC notes that the country has “significantly enhanced human development levels” alongside its economic development.
This in turn has led to a high-income and quality-conscious consumer market, PWC says. This market is large and growing strongly – retail sales