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Regional Information Wakayama

Wakayama, providing optimum location and support for companies responsible for the growth of the next generation

Your Regional Guide : Aiko Yamaga

  • Inquires about investment in Japan.

Investment promotions Division Commerce, Industry, Tourism and Labor DepartmentExternal site: a new window will open.

1-1 Komatsubara-dori, Wakayama-city, Wakayama Prefecture 640-8585
Tel: +81-73-441-2753 Fax: +81-73-422-1933


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  • Please note that inquires not regarding investment in Japan may not be answered.

The information below is as of November 2017. (Basic Information: September 2018)

Basic Information

Population *1 1 million
Labor force *1 0.48 million
Area (square kilometer)*2 4,724.64
GDP *3 3,526,740 million yen
Major industries Petroleum, chemicals, steel, machinery, food products
Wage *4
Initial wage for university graduates(Average)
Initial wage for upper secondery school graduates (Average)
Scheduled cash eanings (Average)
Land price(for 1square meter) *5
Land price for industrial use (Average)
Land Price for Commercial Use (Average)
Number of Establishments *6 51,459
Number of Employees *6 420,219
JETRO office

JETRO Wakayama

Regional Profile

Strength of the region's industries and economy

Leading the way through the 21st century with unique, state-of-the-art technologies>
Wakayama is home to numerous companies pioneering the way into new fields with world-class technologies that have earned lion shares of markets in Japan and around the world.

Wakayama has a number of local industries that are striving to build on their traditional technologies and add new values to them for the modern age

Available incentives

Up to 10 billion yen - Wakayama offers one of Japan's most generous recruitment packages

Wakayama prefecture has beefed up its business recruitment package. Under the new deal, companies that build, buy, lease or extend new facilities (that fall into eligible categories) in Wakayama Prefecture will be eligible to receive aid equivalent to 10-30% of the fixed assets invested in, excluding the cost of purchasing of land in accordance with the size of the property and the business investment in the prefecture. These companies are also eligible to receive 300,000 -500,000 yen per person (for three years ) as a financial aid covering the cost of new local employment.