In Japan gift giving is an art form, representing friendship, respect, and gratitude. The ceremony is important; the gift is always in a gift box, or beautifully wrapped in quality paper, and given with great respect. Because the symbolism is what’s important, frequently the actual gift may be very modest.
There’s an expectation a gift will be offered at the first meeting, and gifts will continue to be part of your business dealings. Come prepared to that first meeting with a beautifully wrapped, quality gift that’s not extravagant. It’s a gesture that you’re looking forward to a long lasting relationship.
One custom is to reciprocate with a gift that’s half the value of a gift received. If your gift is too expensive, it could create an awkward situation, even at half the value.