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Japan's GDP growth rate is slowing, but the country will still reap the benefit to productivity improvement of this heavy investment in modern industrial processes and infrastructure. .
2.2 Culture and Customs of Japan.
2.2.1 Customs affecting business relations and decision-making processes.
Japanese cultural history is marked by extensive borrowing and subsequent assimilation of foreign tradition from other civilizations which are transformed into uniquely Japanese art forms. .
The Japanese generally close all doors to outside influences but are open to ideas within their group. They are subjective and experiential in their thinking, holding fast to traditional values. .
Decisions are made within the group with little or no personal recognition. Outsiders must be accepted into the group before they can participate in decision making. .
2.2.2 Etiquette and protocol for both business and social occasions.
There are many unwritten laws regarding etiquette and protocol that apply to business and social occasions in Japan and understanding these is vitally important to Cotton Australia executives. .
When first meeting anyone in a business environment or on social occasions, it is customary to exchange "meishi" (business cards) which must be handled carefully. .
The bow, an important Japanese traditional greeting, is an indicator of the status relationship. .
Cotton Australia executives must realize that Japan is a high-context culture where even the smallest gesture carries great meaning. .
Further, gift giving is very common. Business gifts absolutely must be given at midyear, which is July 15, and at year end which is January 1. Westerners should acquaint themselves with the importance attached to number. Four is an especially inauspicious number.
Men should wear conservative suits, and never appear casual. Women should dress conservatively, keeping jewellery, perfume, and makeup to a minimum.