- The Japanese population has been decreasing consistently. So, they have to invite a large number of immigrants to maintain their living standards to keep up its infrastructure and provide the necessary support to its rapidly aging population.
- The Japanese economy has been undergoing massive restructuring after the bubble burst in April 1991. Other countries such as China and South Korea are becoming more competitive. So, the exports from Japan have been decreasing on a yearly basis. The Japanese companies have been working hard and smart to grow their halal exports to Muslim-majority countries in the years to come. They have been partnering with Malaysian, Indonesian, and halal manufacturers from other countries to expand their reach in the Muslim-majority economies.
- Japan is fast becoming an important tourist destination from visitors from all over the world. And the global halal industry and Muslim tourism have big potential. Japan wants to get a sizable share of the global halal business opportunities.
- For the past two decades, Japan has been trying to diversify its economy. The exponential growth in the size of the global halal economy provides an opportunity for global players like Japan to grab the massive business opportunities the Islamic economy has to offer internationally.
Based on the above-mentioned factors, we strongly believe that the Japanese halal industry is not a fad that will go away after the 2020 Olympics. It is here to stay for a long time to come.