Japan and the US Corporate and Financial System

| August 10, 2012 | 0 Comments

The economy of Japan is the third largest in the world after the United States and the People’s Republic of China and is the world’s second largest developed economy. According to the International Monetary Fund, the country’s per capita GDP (PPP) was at 362 or the 24th highest in 2011. Japan is the world’s 3rd largest automobile manufacturing country, has the largest electronics goods industry, and is often ranked among the world’s most innovative countries leading several measures of global patent filings. Facing increasing competition from China and South Korea, manufacturing in Japan today now focuses primarily on high-tech and precision goods, such as optical equipment, hybrid cars, and robotics. Japan is the world’s largest creditor nation, 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 2nd largest in the world) at an estimated .6 trillion. As of 2011, 68 of the Fortune 500 companies are based in Japan. The economy of Tokyo is the largest metropolitan economy in the world. For three decades from 1960, Japan experienced rapid economic growth, which was referred to as the Japanese post-war economic miracle. With average growth rates of 10% in the 1960s, 5% in the 1970s, and 4% in the 1980s, Japan was able to establish and maintain itself as the world’s second largest economy from 1968 until 2010, when it was supplanted by the

Filed Under: Finance Videos

Leave a Reply

You must be logged in to post a comment.

Get Adobe Flash player