Japanese Business Glossary

据え置き (sueoki) refers to a period in a loan or finance agreement where the borrower is not required to make principal repayments. During this period, the borrower typically only pays the interest on the loan.

This term is often used in the context of business loans and personal loans in Japan. The sueoki period can provide borrowers with temporary financial relief by reducing their monthly payment obligations to just the interest portion, allowing them to manage their cash flow better, especially during the initial phase of the loan term.

Understanding sueoki is important for businesses and individuals to make informed financial decisions and manage their loan repayments effectively.

事業継承 (jigyo keisho) refers to business succession in Japanese. It is the process of passing on the ownership and management of a business from one generation to the next or from one owner to another.

Business succession involves preparing and transferring leadership roles, responsibilities, and assets to ensure the continuity and sustainability of the business. This can include family businesses where the successor is a family member, or it can involve external successors such as business partners, employees, or third-party buyers.

Effective* jigyo keisho* planning is crucial for maintaining the stability, growth, and long-term success of a business. It typically involves legal, financial, and strategic considerations to ensure a smooth transition and to address any potential challenges.

隠蔽 (inpei) means "concealment" or "cover-up" in Japanese. It refers to the act of hiding or deliberately withholding information, actions, or facts to prevent them from being discovered. This term is often used in contexts involving deception or unethical behavior, such as in scandals, fraud, or legal matters, where individuals or organizations may try to obscure the truth or avoid accountability.

Inpei is generally viewed negatively, as it implies dishonesty and a lack of transparency.

事業承継 (jigyo shokei) refers to business succession in Japanese. It involves the process of transferring the ownership and management of a business from the current owner to a successor. This process ensures the continuity and stability of the business, especially in family-owned enterprises.

Key aspects of jigyo shokei include identifying a successor, which can be a family member, a key employee, or an external buyer. It also involves planning the transition by developing a detailed plan for how the transfer of responsibilities, management, and ownership will occur. Additionally, it requires training and preparation to ensure the successor is adequately prepared to take over the business, which may involve training and mentoring. Legal and financial arrangements are also necessary to address aspects such as transferring ownership, handling tax implications, and securing financing if needed.

Effective business succession planning is crucial for maintaining the health and longevity of a business, ensuring that it continues to thrive under new leadership.

社内預金 (shanai yokin) refers to an in-house savings system offered by some companies in Japan to their employees. It allows employees to deposit a portion of their salary directly with the company, which then pays interest on these deposits.

This system is similar to a bank savings account but is managed internally by the company. The interest rates offered on shanai yokin are often higher than those provided by traditional banks, making it an attractive option for employees.

Shanai yokin serves as a benefit for employees, encouraging savings and providing them with a secure place to grow their funds. For companies, it can also enhance employee loyalty and retention by offering this additional financial service.

特定非営利活動法人 (tokutei hieiri katsudo hojin) refers to a "Specified Nonprofit Corporation" in Japan. This type of legal entity is established to conduct non-profit activities that contribute to the public interest, such as social welfare, education, cultural promotion, and environmental protection.

These organizations, often abbreviated as NPOs, must meet specific criteria to gain and maintain their status. They must operate without the intention of distributing profits to their members, directors, or officers. Instead, any surplus generated must be reinvested into the organization's activities. They also need to comply with regulations regarding governance, transparency, and reporting to ensure accountability and public trust.

The designation of tokutei hieiri katsudo hojin allows these organizations to benefit from various tax exemptions and incentives, facilitating their ability to raise funds and operate effectively. This structure supports their mission to address societal needs and improve the well-being of communities.