#Japan #Tokyo #Mizuho Bank #Kokopelli #Big Advance Global

Mizuho Bank and Kokopelli Launch 'BIG ADVANCE GLOBAL'

On April 13, 2023, Mizuho Bank and Kokopelli, both headquartered in Tokyo, Japan, announced the launch of an innovative overseas business matching platform known as 'BIG ADVANCE GLOBAL'. This service aims to help small and medium-sized enterprises (SMEs) expand their reach into international markets, addressing the increasing interest among Japanese companies in overseas expansion due to Japan's declining population and shrinking domestic market.

Understanding the Need for International Expansion

As the landscape of Japanese business changes, a growing number of SMEs are recognizing the importance of international expansion as a key growth strategy. Factors such as currency depreciation have intensified the urgency for these businesses to seek new markets outside of Japan. However, many barriers remain, including language differences, unfamiliar business practices, and a lack of knowledge in trade operations. For many SMEs, these hurdles make entering the overseas market significantly challenging.

Acknowledging these challenges, Kokopelli, which has already established a business matching service within Japan, has developed 'BIG ADVANCE GLOBAL' to assist SMEs looking to venture into the international sphere. This platform will leverage Mizuho Bank's extensive network and expertise, thus creating an environment conducive to global engagement for Japan's regional enterprises.

Features of BIG ADVANCE GLOBAL

The 'BIG ADVANCE GLOBAL' platform serves as an international business matching service that connects Japanese companies with foreign enterprises, allowing them to transcend borders and language barriers. Initially, the expansion will target Thailand, with plans to include broader ASEAN markets in the future. This platform not only focuses on enhancing sales channels and sourcing new suppliers but also fosters innovation among SMEs to promote sustainable growth in the global marketplace.

Key Features of the Platform:

• - International Business Matching: Similar to the domestic 'Big Advance' service, participants can directly trade with foreign businesses that have existing relationships with financial institutions.
• - AI-Powered Communication: The platform features a language-generating AI to facilitate smooth communication. Users can communicate in their native languages through a translation system equipped with real-time chat and video call capabilities featuring translated subtitles.
• - Expert Coordination: Dedicated coordinators will assist in facilitating negotiations smoothly, ensuring that users receive the support they need throughout the business matching process.
• - Specialized Expert Services: The platform offers comprehensive support services, including international legal advice, trade operations, logistics, and more, to help businesses navigate the complexities of international dealings.

This initiative represents a significant step forward for Japanese SMEs, enabling them to tap into the global market with greater ease and efficiency than ever before. By bridging gaps and facilitating meaningful connections, Mizuho Bank and Kokopelli aim to empower Japan's regional businesses in their journey toward globalization.

About Mizuho Bank

Mizuho Bank, established on July 1, 2013, is located at 1-5-5 Otemachi, Chiyoda-ku, Tokyo, and is currently led by President Katsuhiko Kato. The bank focuses on providing comprehensive financial services to support the needs of businesses and individuals. More information can be found at Mizuho Bank's official website.

About Kokopelli

Founded in June 2007 and based in the Kioicho Building, 3-12 Kioicho, Chiyoda-ku, Tokyo, Kokopelli is dedicated to supporting SMEs through business platform services. Under the leadership of CEO Shigeru Kondo, Kokopelli is committed to helping local businesses flourish in the global market. Learn more about their services at Kokopelli's official website.