Question

What accounts for the different timing and pace of economic growth in Japan?

Answer 1

• The economy of Japan is a developed and market oriented.
• Third largest in the world.
• Fourth largest by purchasing power parity.
• Second largest developed Economy.
• Due to currency exchange rate, Japan's GDP fluctuates widely.
• It is an automobile manufacturing country.
• With largest electronic goods.
• Facing increasing competition from china
• and south Korea .
• It runs an Annual trade surplus and has a net international Investment surplus.
• It has the highest ratio of public debt to GDP of any developed nation.
• It's Economy faces challenges posed by a declining population.
• It was able to maintain itself as the world's second largest Economy from 1978 till 2010
• In the second half of the 1980's rising stock and real estate prices caused the Economic bubble to the Economy.
• With low growth rate, national debt of Japan became difficult for the government to manage social welfare.
• The ICT Industry has generated the major out put to the Japanese Economy.
• It has inadequate Natural resources.
• To support its growing Economy and large population.
• It is dependent on foreign sources.