It is very important to receive a gift properly. Give a gift and receive a gift with both hands and a slight bow. The Japanese may refuse a gift once or twice before accepting it. Do not give anyone a gift unless you have one for everyone present. Correct wrapping is very important.
Appearance counts for as much or more than the contents.
Be prepared to give and receive a gift at a first business meeting. Gifts are frequently given at the end of a first meeting. Not giving a proper gift could ruin a business relationship. It has connotations of death to the Japanese. The Japanese may ask personal questions.