Japan has among the world’s highest World Bank Governance Indicators (WBGI), which measure the quality of government, as ratings agency Fitch noted in a recent ratings action on the country. As Fitch says, the strong WBGI reflects a “long record of stable and peaceful political transitions, well-established rights for participation in the political process, strong institutional capacity, effective rule of law, and a low level of corruption”.
This environment has allowed the world-leading service sector to flourish, contributing 70% of GDP. Business services specifically are a
