About Japan
Japan with GDP of $4.4 trillion undoubtedly is one of most technologically advanced and powerful economy in the world. It is the third largest economy following the US and China. However, Japan’s industrial sector is greatly dependent on imported raw materials for manufacturing and industrial production. While agricultural production constitutes a small part of Japanese economy (about 1.4% of GDP); it is extremely developed with high level of productivity and efficiency. The Japanese government very frequently intervenes in the economic activities and carries out various social benefit projects to regulate and restructure the economy. This has resulted in the government debt to be about 196% of the country’s GDP in 2007.
Located in the Eastern Asia, east of Korean Peninsula and North Pacific Ocean; Japan covers an area of Area of 377,835 sq. km. with population of 127.3 million. Japanese GDP grew of 2.1% in 2007 and its per capital income was about $ 33,600.
Japan is also a country with rich history with thousands of years. It is a country with rich tradition, all kinds action-filled festivals, unique performing arts and many historical buildings.
