Contents

• Current economic developments in Japan by reference to Japan’s success factors but also Current problems
• Mature economy
• Bubble Economy
• Industrial Sector
• Postwar Japan
• Problems ahead
• Japan’s uniqueness
• Major impediments to doing business in Japan
• REFERENCES

Description

Japan is an island country that is situated in East Asia. And is referred to as the "Land of the Rising Sun". Japan has the world's tenth-largest population, with about 128 million people. It has turned out to be a major power, and it is enjoying the position of world's second-largest economy by nominal GDP and the third largest in purchasing power parity. It is to be noted that it is also the world's fourth largest exporter and fifth largest importer. It is a developed country with very high living standards. It is well known for its highest life expectancy of any country in the world according to both the UN and WHO estimates and the third lowest infant mortality rate. (Allen, 1978).
As of 2009, Japan is the second largest economy in the world, after the United States, at around US$5 trillion in terms of nominal GDP and third after the United States and China in terms of purchasing power parity. Japan's public debt is 192 percent of it's annual gross domestic product, Banking, insurance, real estate, retailing, transportation, telecommunications and construction are all major industries. (Kenji, 1993). It has a large industrial capacity and is home to some of the largest, leading and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles and processed foods. The service sector accounts for three quarters of the gross domestic product. (Chalmers, 1982).