Those paying attention to the Covid-19 impact across geographies will know that Japan has escaped relatively unscathed in terms of adverse health ramifications. There are a variety of fascinating hypotheses for this, but the fortuitous “x-factor” still remains elusive.
Economically, however, the toll is reverberating up and down the value chain. A number of domestic startups are struggling, penalized more by their fragile stage and cash burn rather than due to a dearth of innovation or product vision.
We are back to evaluating new investments while remaining particularly prudent on companies’ burn rates and path to product-market-fit. Accordingly, we are encouraged by the $1 Trillion worth of supportive stimulus measures offered by the Japanese government. Like many bureaucratic procedures in Japan, navigating these benefits can be circuitous, especially for startup founders who lack mastery of the Japanese language.
Enter our good friends over at Southgate Law. They have generously compiled a set of benefits implemented by the Japanese government, and better yet, have produced this material in English. Below is an excerpt.
If you’d like an endorsed referral to Southgate, please feel free to ask me or even contact them directly.