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- Overview
- Economy - overview: Government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan advance
with extraordinary rapidity to the rank of second most technologically
powerful economy in the world after the US and the third-largest economy
in the world after the US and China, measured on a purchasing power
parity (PPP) basis. One notable characteristic of the economy is how
manufacturers, suppliers, and distributors work together 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. Japan's industrial sector is heavily
dependent on imported raw materials and fuels. The tiny 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 60% of its food on a caloric basis. 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,
averaging just 1.7%, largely because of the after effects of
overinvestment during the late 1980s and contractionary domestic
policies intended to wring speculative excesses from the stock and real
estate markets and to force a restructuring of the economy. From 2000 to
2003, government efforts to revive economic growth met with little
success and were further hampered by the slowing of the US, European,
and Asian economies. In 2004-06, growth improved and the lingering fears
of deflation in prices and economic activity lessened. Japan's huge
government debt, which totals 175% of GDP, and the aging of the
population are two major long-run problems. Some fear that a rise in
taxes could endanger the current economic recovery. Internal conflict
over the proper way to reform the financial system will continue as
Japan Post's banking, insurance, and delivery services undergo
privatization between 2007 and 2017. The
CIA
Factfile
- Government
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Business
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- Radio/TV
- Newspapers
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Asahi Shimbun
A well respected source with online news summaries. (Kanji/English)
- Nikkei Net Interactive
Financial news and information (English)
- Japan Times Online
Online extension of The Japan Times.
- Daily Yomiuri On-Line
The online presence of the Daily Yomiuri - one of Japan's most respected
newspapers (English/Kanji) Its sections cover politics, economy, crime,
culture, science and international news.
- Kyodo News Web
The Kyodo newswire service (English/Kanji)
- Mainichi Interactive
The online version of the Mainichi Newspaper
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Hokkoku Shimbun
News from Hokuriku Kanazawa City, Japan (English/Kanji)
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J@pan.Inc -
English language monthly magazine covering the people, technology and
business stories of Japan's new economy.
- General
- Japan
home search The first online,
searchable, multi-listing site in Japan - all in English ! Inside you
will find information on currently available houses, apartments and
short-term, furnished apartments. All information is updated on a daily
basis
- Tokyo
Lease Corporation Furniture Rental Free Interior Decorating
Service
- Books
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