1UpTravel


 

You are here >1uptravel > International > Asia > Japan



ADVERTISEMENT

Country

 At a Glance

  Introduction

  Topography

  History & Culture

  Life

  Cuisine

  Holidays

  Festivals

  Embassies

  Administration

  Newstand


 Worth a Visit !!

  Cities

  Attractions

  Maps & Cities

  Shopping

  Eating Out

  Recreation

  Essentials

  Travel Links


 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Transnational issues


Related

  Japan Guide
  Japan Maps
  Japan Hotels
  Japan Flag
  More Japan Flags
  Japan Geography
  Japan Travel Warning



Travel & Tourism . Tourist Guide to the Country

Japan Economy




Japan    Economy Top of Page
Economy - overview: Government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) have helped Japan advance with extraordinary rapidity to the rank of second most technologically powerful economy in the world after the US and third largest economy in the world after the US and China. One notable characteristic of the economy is the working together of manufacturers, suppliers, and distributors in closely-knit groups called keiretsu. A second basic feature has been the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding. Industry, the most important sector of the economy, is heavily dependent on imported raw materials and fuels. The much smaller agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan must import about 50% of its requirements of other grain and fodder crops. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades overall real economic growth had been spectacular: a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s largely because of the aftereffects of overinvestment during the late 1980s and contractionary domestic policies intended to wring speculative excesses from the stock and real estate markets. Government efforts to revive economic growth have met little success and were further hampered in late 2000 by the slowing of the US and Asian economies. The crowding of habitable land area and the aging of the population are two major long-run problems. Robotics constitutes a key long-term economic strength, with Japan possessing 410,000 of the world's 720,000 "working robots".
GDP: purchasing power parity - $3.15 trillion (2000 est.)
GDP - real growth rate: 1.3% (2000 est.)
GDP - per capita: purchasing power parity - $24,900 (2000 est.)
GDP - composition by sector: agriculture:  2%

industry:  35%

services:  63% (1999 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  4.8%

highest 10%:  21.7% (1993)
Inflation rate (consumer prices): -0.7% (2000 est.)
Labor force: 67.7 million (December 2000)
Labor force - by occupation: services 65%, industry 30%, agriculture 5%
Unemployment rate: 4.7% (2000)
Budget: revenues:  $441 billion

expenditures:  $718 billion, including capital expenditures (public works only) of about $84 billion (FY01/02 est.)
Industries: among world's largest and technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals; textiles, processed foods
Industrial production growth rate: 5.3% (2000 est.)
Electricity - production: 1.018 trillion kWh (1999)
Electricity - production by source: fossil fuel:  58.91%

hydro:  8.35%

nuclear:  30.31%

other:  2.43% (1999)
Electricity - consumption: 947.038 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: rice, sugar beets, vegetables, fruit; pork, poultry, dairy products, eggs; fish
Exports: $450 billion (f.o.b., 2000)
Exports - commodities: motor vehicles, semiconductors, office machinery, chemicals
Exports - partners: US 30%, Taiwan 7%, South Korea 6.4%, China 6.2%, Hong Kong 5.6% (2000 est.)
Imports: $355 billion (c.i.f., 2000)
Imports - commodities: fuels, foodstuffs, chemicals, textiles, office machinery
Imports - partners: US 19%, China 14.5%, South Korea 5.4%, Taiwan 4.8%, Indonesia 4.3%, Australia 3.9% (2000 est.)
Debt - external: $NA
Economic aid - donor: ODA, $9.1 billion (1999)
Currency: yen (JPY)
Currency code: JPY
Exchange rates: yen per US dollar - 117.10 (January 2001), 107.77 (2000), 113.91 (1999), 130.91 (1998), 120.99 (1997), 108.78 (1996)
Fiscal year: 1 April - 31 March

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks

DESTINATIONS

Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions

PHOTO SPECIAL

Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders

UTILITIES

World Time ISD Codes Travel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy