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Japan
Introduction
Key Economic Facts
Japan is an island nation in East Asia. Located in the Pacific
Ocean, it borders China, North Korea, South Korea, Russia,
Taiwan, the Sea of Japan, the Sea of Okhotsk, and the East
China Sea. It is an archipelago of 6,852
islands, most of which are mountainous,
and many are volcanic. The government
system is a parliamentary government
with a constitutional monarchy; the chief
of state is the emperor, and the head of government is the
prime minister. Japan has a market economy in which the
prices of goods and services are determined in a free price
system. Japan is a member of
the Asia-Pacific Economic
Cooperation (APEC) and the
Trans-Pacific Partnership
(TPP).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Primary Religions:
Eastern Asia
Tokyo (+9 GMT)
Emperor Akihito
Prime Minister Shinzo Abe
Yen (JPY)
Japanese
Shintoism 79.2%, Buddhism 66.8%,
Christianity 1.5%, other 7.1%
Calling Code: 81
Voltage: 100
Key Websites
Main Government Page: japan.go.jp
Commerce Ministry: meti.go.jp
Investment Promotion jetro.go.jp
Agency:
Risk Assessment (Provided by Coface)
High Income
Developed
$5,175.26 billion (2015)
1.22% (2015)
$40,763.40 (2015)
17.71% (2014)
$135.61 billion (2015)
-0.12% (2016)
65,233,384 (2016)
3.14% (2016)
$787.15 billion (2015)
$772.99 billion (2015)
GDP Composition %
Agriculture
Industry
Manufacturing
25
18
Services
73
1
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
U.S. Embassy
Rankings
Index
Corruption Perceptions Index
EY Globalization Index
Global Competitiveness Index
Global Enabling Trade Index
Global Manufacturing Competitiveness Index
(GMCI)
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Country rating: A2 - The political and economic situation is
good. A basically stable and efficient business environment
nonetheless leaves room for improvement. Corporate
default probability is low on average.
Business Climate rating: A1 - The business environment
is very good. Corporate financial information is available and
reliable. Debt collection is efficient. Institutional quality is
very good. Intercompany transactions run smoothly in
environments rated A1.
Strengths
• Advantageous geographic situation in a dynamic
region
• Very high national savings level (around 23% of
GDP)
• 90% of public debt held by local investors
• Advanced technology products and diversified
industrial sector
Weaknesses
• Difficulties to consolidate public finances and goes
out of deflation
• Reduction of the active population and growing
proportion of workers without job security
• Governmental instability
• Low productivity of small and medium-sized
enterprises
Rank
20 / 176
43 / 60
8 / 138
16 / 136
4 / 40
1-10-5 Akasaka
Minato-ku, Tokyo 107-8420 JAPAN
Tel: 03-3224-5000
http://tokyo.usembassy.gov/
40 / 180
12 / 160
24 / 139
48 / 187
10 / 139
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV