Construction

The absolute size of Japan’s consstruction sector (Euro 363 billion in 2006) makes it one of the largest in the world. The Government has made enormous efforts to increase the sector’s efficiency by more than halving (54%) yearly public spending during the past eight years, yet inefficiencies in the structure and management of the sector continue to prevent the creation of a market environment based solely on cost-effective merit. It remains almost impossible for foreign companies to sell and install building materials and equipment in Japan directly to end-users, especially for new building projects. The committee works to increase the opportunity for European firms to use innovative designs, imported materials and modern construction methods – the key to their competitive advantage – by aiming to minimise Japan’s over-prescriptive regulation, resistance to change by local officials and complicated procedures to obtain the necessary approvals.

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