Roll-your-own J-company for 1 yen

[Taro Toporific]

Japan to Allow Companies to Start With 1 Yen, Nihon Keizai Says
Bloomberg - June 30, 2003 9:30am
June 30 (Bloomberg) -- The Japanese government will ease the minimum capitalization requirement to set up joint-stock and limited-liability companies in a bid to encourage entrepreneurs when it amends the Commercial Code in 2005, the Nihon Keizai newspaper said....
...The Commercial Code now requires joint-stock companies to have at least 10 million yen ($83,500) in capital when established, and 3 million yen for limited-liability companies, the report said.

[DJEB]

It's about damn time, too.

[Taro Toporific]

It's about damn time, too.

No real details on this yet and it may not be related to the "1-yen Inc." program...

Japan to Ease Rules Governing Limited Partnerships, Nikkei Says
Aug. 6 (Bloomberg)
Japan's government plans to ease the rules governing limited partnerships ...limit liabilities, making investors responsible only for the money they invest...The new rules, which may take effect in fiscal 2004 if they are approved by lawmakers, would encourage investors forming limited partnerships to conduct management buyouts, take listed companies private, and help borrowers through debt-for-equity swaps..

[Taro Toporific]

It's about damn time, too.

Eased capital requirements prod new entrepreneurs into action
IHT/Asahi: August 12,2003)
http://www.asahi.com/english/business/K2003081200308.html
Since the introduction of looser capital requirements this winter, more than 3,300 firms have been established-103 of them with capital of only 1 yen-the Ministry of Economy, Trade and Industry said....

[Big Booger]

I and my wife in the coming year or so plan to start our own small eikaiwa. This will definitely help out.

[NWA_Japan-BSD]

Will somebody tell these dipshits to lower the intrest rate for entrepreneurship.

Expensive money; High rate of return creates a glut of cash.
So much cash to loan but nobody whants to borrow; So the standards for loan approval are lowered.
Only highly profitable ventures will borrow. Not marginal crap.
Big companies will use thier revenues to reinvest.

Lastly think Taiwan biz model.

Japan is so gdamn trickle down it is pathetic.