Why Japan is investing in e-commerce with Sansa
SANSA, Japan — E-commerce is booming in Japan, but that hasn’t stopped it from being a hot topic for the nation’s political leaders.
“The fact that the country’s Prime Minister Abe has declared e-Commerce as one of the five pillars of the economy should give the industry a good start in the coming years,” said Akio Tanaka, the head of the Japanese e-businesses association, which represents Japan’s leading e-retailers.
The industry is booming, and the Prime Minister has declared it as a pillar of the nations economic development strategy.
There are about 400,000 e-shopping stores in Japan today, and e-Shops Japan has a market share of almost 40 percent, according to industry sources.
Ecommerce in Japan has grown from $2.5 billion in 2010 to $5.6 billion in 2014.
It accounts for 40 percent of Japan’s total e-marketplace business, according a survey by Japanese retail research firm CoStar.
Japan’s e-Retailers Association said in February that e- commerce is the third-biggest market for the e-sales industry after the U.S. and China, accounting for 30 percent of sales in the country.
Japan is now seeing more interest in ecommerce in its domestic market as well, with a strong number of e-finance companies offering financing to start e-stores.
“We see that the ecommerce market is growing more quickly and more quickly, and we think that Japan’s economy will benefit from this,” said Hiroshi Nakagawa, chief executive of eCommerce Japan, a Japanese ecommerce company that specializes in eCommerce.
For Japan, it has been a long time since ecommerce was a top priority.
Abe has said the countrys e- business growth will come from creating more jobs, boosting consumption and attracting more foreign investment.