Professional Documents
Culture Documents
Japan
Japan
Popu la tion
L ab or For ce
Tra de
Int er es t Ra te
Ec onom i c Polic y in J a pa n
Rol e of t he B a nk of J a pan
J a p a n i s r e m a r k a b l e f o r i t s e x t ra o r d i n a r i l y ra p i d ra t e
o f e c o n o m i c g r o w t h i n t h e 2 0 t h c e n t u r y, e s p e c i a l l y i n t h e
fi r s t s e v e ra l d e c a d e s a f t e r Wo r l d Wa r I I
p r o d u c t i v i t y.
T h i s h i g h e r p r o d u c t i v i t y wa s d u e m a i n l y t o : i n c r e a s e d c a p i t a l
( m a c h i n e s , e t c .) p e r w o r k e r, a d va n c e i n t e c h n o l o g y, a h i g h l y
e d u c a t e d a n d s k i l l e d l a b o r f o r c e , s u p p o r t i v e g o ve r n m e n t
p o l i c i e s a n d a g o o d w o r l d t ra d e e nv i r o n m e n t .
Gross Domestic Product
GDP growth rate was declined -4.6% in 2020 due to COVID-19 Pandemic
Gross Domestic Product
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
Agriculture Service Manufacturing
Population
Japan labor force par ticipation rate for 2019 was 48.85%
Labor Force (Employment Rate)
Japan and the United States are very impor tant trading partners.
Top 3 Trade Par tners (2019): China, United States, and South Korea
Growing demand overseas for Japanese goods led to annual trade surpluses
Japan foreign direct investment for 2019 was $39.93B, a 57.9% increase from 2018
Trade
Impor ts of goods and ser vices represent the value of all goods and other market services received
They exclude compensation of employees and investment income (formerly called factor servic es)
The amount of land in Japan suitable for agriculture is insuffi cient to produce enough food for
Japan's large population. As a result, Japan impor ts most of its food from other countries.
Japan lacks many raw materials needed for industry and energy, such as oil, coal, iron ore, copper,
• Public debt levels are very high and continuing to rise, with defi cits large.
• Government plans to achieve a primary budget balance have been pushed forward to 2025.
• Interest rates remain low, in p ar t because public debt is held largely by domestic investors.
Japan Act in June 1882, and star ted functioning in October the same year.
The Bank of Japan main objectives are to issue the offi cial Japanese banknotes (the bank
is the exclusive issuer of Japanese banknotes and coins), to achieve price stability, through
monetary control and to maintain stable fi nancial system by facilitating smooth funds
Monetary Policy
JAPAN MYANMAR
Like th e Unite d Sta tes, Ja pan's economy Diffe rent Beh avior
h as moved from ma nufa cturing towards
Agricultura l Ba sed Country
ser vices.
Polies for FD I a re va ries a nd not strong
In dustrialized Coun try