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Japan Economy

Japan Economy

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Published by: Abhishek Jha on Feb 08, 2011
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Japan Economy

Submitted to : MRS.SEEMA MEHTA

birth rate: 7.411 sq mi (394.882 sq mi (377.679 (growth rate: -0.1.1%).050 (city proper)  Literacy rate: 99% (2002 est.) .835 sq km)  Population (2009 est.744 sq km). density per sq km: 339  Capital and Largest city : Tokyo. 8. life expectancy: 82.483.6/1000. 35. total area: 145.078.): 127.327.Introduction  Emperor: Akihito (1989)  Prime Minister: Yukio Hatoyama (2009)  Land area: 152. area). infant mortality rate: 2.000 (metro.8/1000.

900.276. Other large cities: Yokohama.529. 1.600 (part of Osaka metro.200 (part of Tokyo metro. Kawasaki. 2.000. area).286. 1.470.900 (part of Tokyo metro. 1. area). area). 1. 3. area). 11. 1. Sapporo.848. 2.000 (city proper). Fukuoka.597.700.000 (metro.132.700 . Nagoya.368.189. Kobe. 1. Hiroshima. area).900 (part of Osaka metro.494. Kyoto. Osaka.

From year 2008 till the second quarter of 2009. .Japan GDP Growth Rate Japan is the third largest economy in the world ($4.3 trillion) after the United States and China measured on a purchasing power parity basis.6% of the gross world product. according to the International Monetary Fund. The nation has one of the highest GDP per capita.0. Japan recorded negative growth. the country accounted for 6. In 2007. almost $34.

When compared with the third quarter of 2008.  The country’s real gross domestic product shrank at an annual rate of 12. the government said Monday. Only the USA has a higher GNP. hurt by shrinking exports and anemic spending at home. electronic devices and computers.Japan Economy  Japan’s economy.7 percent from October to December after contracting for two previous quarters. the world’s second largest. is deteriorating at its worst pace since the oil crisis of the 1970s. Japan’s economy receded 3. The Japanese currency is the Yen. Most important single trade partner is the .3 percent  The Japanese economy is one of the strongest in the world.  Exports: Japan's main export goods are cars.

Industries: Manufacturing.  . and Australia. real estate. South Korea.USA which imports more than one quarter of all Japanese exports. The most important import goods are raw materials such as oil. Other major export countries are Taiwan. Most important agricultural product is rice. Major suppliers are the USA. distribution. services. Hong Kong. construction. China. Indonesia. foodstuffs. and wood. and communication are Japan's major industries today. China and Singapore. Resources of raw materials are very limited and the mining industry rather small. Agriculture makes up only about 2% of the GNP.  Imports: Japan has a large surplus in its export/import balance. South Korea.

A shrewd trade policy gave Japan larger shares in many Western markets. bankers.  During the 1990s. New technologies and manufacturing were undertaken with great success.). an imbalance that caused some tensions with the U.S. eventually making Japan the world's second-largest economy (after the U.S. Japan suffered an economic downturn prompted by scandals involving government officials. Japan succumbed to the Asian economic crisis in . Yet economic growth continued through the 1970s and 1980s. and leaders of industry. The close involvement of Japanese government in the country's banking and industry produced accusations of protectionism.Economic Recovery : Followed by Deep Recession  Japan's postwar economic recovery was nothing short of remarkable.

whose administration was dogged by scandal and blunders from the outset. These setbacks led to the resignation of Prime Minister Ryutaro Hashimoto in July 1998. Japan seemed to make slight progress in an economic recovery. He was replaced by Keizo Obuchi. . experiencing its worst recession since World War II. In 1999. Prime Minister Obuchi died of a stroke in May 2000 and was succeeded by Yoshiro Mori.1998.

29 trillion. Inflation: 0%. . Japanese GDP grew at 2. Labor force: 66. agriculture 4. once the engine of Japan's growth.600.6%. services 67.29 trillion.): $4. eggs.8% in 2007.600.Economic summary    According to the CIA World Factbook. electronic equipment. fruit. Agriculture: rice. accounting for 73. Unemployment: 4%. per capita $33. industry 27. dairy products. pork. Industries: among world's largest and technologically advanced producers of motor vehicles.1% of the economy. poultry.6% of the economy.07 million. contributed 25.8%.7% (2004). the estimated GDP-Purchasing power parity of Japan in 2007 was $4. Real growth rate: 2. The industrial sector. vegetables. The agricultural sector accounts for only 1. fish. Arable land: 12%.1%. The economy is highly advanced and dominated by the services sector.3% of the GDP. sugar beets. GDP/PPP (2007 est. and the GDP (PPP) per capita was $33. machine tools.

S. Hong Kong. chemicals.1billion f.  Major trading partners: U.  Exports: $665.. at Trading Economics we expect Japanese economic growth to stay below trend with sluggish spending around the world expected to continue and stimulus packages sooner or later drying up. processed foods. Taiwan.o. chemicals. Saudi Arabia.  Although exports (still around two thirds of last year levels) declined at the slowest pace in the second quarter.  Natural resources: Negligible mineral resources.b. Australia. chemicals. Imports: $571. Looking forward. ships.o. semiconductors. it was mostly due to global stimulus measures and renewed inventory buildup. (2007 est. Indonesia. motor vehicles. textiles.steel and nonferrous metals. electrical machinery. China. (2007 est. .): machinery and equipment. South Korea. raw materials.b. fuels.): transport equipment.7 billion f. UAE (2006). foodstuffs. fish. textiles.

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