Investing in Japan
Regional Information Okayama city
Your Regional Guide : Satoshi Kudou
1-1-1Daiku Kita-ku Okayama-shi Okayama Prefecture 700-8544
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The information below is as of November 2017.
|Population *1||0.71 million|
|Labor force *1||0.36 million|
|Area *2||790.0 km²|
|GDP *3||2,700,000 million yen|
|Land price(for 1m²) *5||
|Number of Establishments *6||35,162|
|Number of Employees *6||360,610|
Strength of the region's industries and economy
As the central city of Okayama Prefecture, Okayama City has a cluster of commercial and service industries, in particular in the medical and welfare industries, showing a high increase in the number of offices and employees. Besides the clustering of companies equipped with advanced precision machinery processing technologies, the city is home to a medical college that implements cutting-edge medical research, medical institutions that provide advanced healthcare services, and companies engaged in the manufacturing of medical and welfare equipment, etc. The city is also known for agriculture. Fruits, such as grapes and white peaches, are making Okayama one of the foremost agricultural cities in Japan, marking 2nd (2015) place in the Chugoku and Shikoku regions in the agricultural production value. Food industries that take advantage of these resources also flourish.
Okayama city offers a subsidy program arranged based on the appraised value of fixed assets that provides benefits to manufacturing and distribution industries that newly set up business in public industrial parks and privately-owned land. There is also a subsidies system for expenses to prepare offices offered to headquarters and branches in Chugoku and Shikoku Regions.