|Japan: Macroeconomic Analysis |
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|Juan Pablo Giraudo | |
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Macroeconomic Analysis of Japan
Introduction
Japan is free market economy and third largest in the world as of 2010. Its population is roughly 130 million and it is also the world's fourth largest exporter and fifth largest importer. For these reasons, Japan in considered a developed nation. The GDP amounts to a total of 5.2 trillion in 2010. Due to its size, Japan’s GDP per capita is substantially high ranking them the 17th highest in the world at $41,000.
Japan’s industries are heavy exporters in many industries, mainly automotive and electronics. The total exports rank the country 4th in the world at 542 billion. The major trade partners are China, the United States, South Korea and the EU. Japan has some of top global brands that are ranked among the highest growing companies. Among these brands are Toyota, Honda, Sony and
References: - Japan 's two lost decades (30 Dec. 2009) - Deflation in Japan (30 Dec 2009)