Doing Business In - Japan
Markets
Japan has the world’s third largest economy, after the United States and People’s Republic of China. Japan’s GDP was $5.391 trillion in 2010 (approximately 480 trillion), and its public debt amounts to over 200% of GDP.
Japan is among the world’s largest and technologically advanced producer of motor vehicles, electronic equipment, textiles, and processed foods. Main consumers of Japanese exports are large economies such as the U.S., china, South Korea and Taiwan. With exports accounting for about 14% of its GDP, Japan depends heavily on exports for economic growth.
Japan’s economy has experienced stagnancy in the past two decades, with persistent deflation causing sluggish growth. Recently, however, consumer prices have risen, due to the increase in global energy and food costs, and retailers suffered product shortages in the aftermath of the earthquake and tsunami that caused the economy to shrink in the first quarter of 2011. Japan’s growing public debt, persistent threat of deflation, its reliance on exports for economic growth, and an aging and shrinking population are major long-term issues facing Japan’s economy.
Japan is among the world’s largest and technologically advanced producer of motor vehicles, electronic equipment, textiles, and processed foods. Main consumers of Japanese exports are large economies such as the U.S., china, South Korea and Taiwan. With exports accounting for about 14% of its GDP, Japan depends heavily on exports for economic growth.
Japan’s economy has experienced stagnancy in the past two decades, with persistent deflation causing sluggish growth. Recently, however, consumer prices have risen, due to the increase in global energy and food costs, and retailers suffered product shortages in the aftermath of the earthquake and tsunami that caused the economy to shrink in the first quarter of 2011. Japan’s growing public debt, persistent threat of deflation, its reliance on exports for economic growth, and an aging and shrinking population are major long-term issues facing Japan’s economy.