Speaking briefly about the Japanese economy, it is developing steadily, demonstrating annual GDP growth and the development of high technology.
The rate of inflation in this country is minimal and rarely exceeds 1% per year. Often there is a reverse process – deflation. The growth of the country’s GDP is about 1% per year. Unemployment is gradually decreasing and in 2021 it dropped to 2.5%. Japan’s banks correspond to the level of highly developed countries.
Japan traditionally holds a leading position in high-tech industries.
Auto production is the main branch of the Japanese economy, which employs about 10 million of the country’s population. Almost 90% of the industry’s products are exported. Flagship Japanese car brands: Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru, Isuzu, Kawasaki, Yamaha and Mitsuoka.
Japanese shipbuilding enterprises are located on the east coast of the Sea of Japan and on the northern shores of Kyushu. The shipyards of the country manufacture heavy and passenger ships, oil tankers, small seagoing vessels of the brands Sasebo, Mitsubishi, Kawasaki, Universal.
Electronics and electrical engineering
The Japanese Economic Miracle” was made possible thanks to numerous manufacturers of computer, telecommunications, photo, audio, video, and household appliances.
The main branch of agricultural production is rice cultivation. It occupies 68% of the country’s cultivated land. More than 88% of rice is consumed in the country. The rest of the territory is occupied by vegetables and fruits.
Mackerel, tuna, anchovies, salmon, squid, crabs, flounder, pollock, saury, scallops are caught in Japanese waters. In 2021, Japan ranked 1st in the world in seafood exports. Japanese fishermen catch not only fish: kelp seaweed is an important component of national cuisine.