Review The Reshaping of the
World Vision from
Japan
The economy of Japan is the third largest in the world by nominal
GDP,[12][13] the fourth largest by purchasing power parity [14] and is the world's second largest developed economy.[15] According to the
International Monetary Fund, the country's per capita GDP (
PPP) was at $36,899 or the
22nd highest in
2013.[16] Japan is a member of
Group of Eight. The
Japanese economy is forecasted by the Quarterly Tankan survey of business sentiment conducted by the
Bank of Japan.[17]
Due to a volatile currency exchange rate, Japan's GDP as measured in dollars fluctuates widely. Accounting for these fluctuations through use of the
Atlas method, Japan is estimated to have a
GDP per capita of around $38,490.
Japan is the world's third largest automobile manufacturing country,[18] has the largest electronics goods industry, and is often ranked among the world's most innovative countries leading several measures of global patent filings.[19] Facing increasing competition from
China and
South Korea,[20] manufacturing in Japan today now focuses primarily on high-tech and precision goods, such as optical instruments, hybrid vehicles, and robotics.
Besides the
Kanto region,[21][22][23][24] the
Kansai region is one of the leading industrial clusters and manufacturing centers for the Japanese economy.[25]
Japan is the world's largest creditor nation,[26][27] generally running an annual trade surplus and having a considerable net international investment surplus.
As of 2010, Japan possesses 13.7% of the world'
s private financial assets (the second largest in the world) at an estimated $14.6 trillion.[28] As of 2013, 62 of the
Fortune Global 500 companies are based in Japan.[29]
Rail transport is a major means of transport in Japan. Dozens of
Japanese railway companies compete in regional and local passenger transportation markets; for instance, 6 passenger JR enterprises,
Kintetsu Corporation,
Seibu Railway, and
Keio Corporation.[81]
Often, strategies of these enterprises contain real estate or department stores next to stations, and many major stations have major department stores near them
.[82] The
Japanese cities of
Fukuoka,
Kobe,
Kyoto,
Nagoya,
Osaka,
Sapporo, Sendai,
Tokyo and
Yokohama all have subway systems. Some 250 high-speed Shinkansen trains connect major cities.[83] All trains are known for punctuality, and a delay of 90 seconds can be considered late for some train services.[84]
More info:
http://en.wikipedia.org/wiki/Economy_of_Japan
Credit to : http://www.weforum.org/
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- published: 22 Feb 2015
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