Orion Beer, renowned beer manufacturer from Okinawa, has recently been listed on the Stock Exchange, marking a significant milestone for Okinawa's industries. This is the first time an Okinawan manufacturing company has been publically listed. The new development may serve as proof of the area's potential economic prosperity and may also spur further economic growth in the region.
Japan places significant emphasis on the growth and success of local businesses. Okinawa being largely driven by tourism, Orion Beer acts as a symbol of pride and identity for the locals. Hence, the move to list the company on the stock market reflects not only foresight for economic growth but also deep cultural sentiment.
In comparison, the U.S and EU also take pride in the success of their local economies. A company going public is often celebrated as it indicates success, future growth, and job creation. However, it also puts the company under a harsher spotlight with increased scrutiny and accountability towards shareholders.