Japan is the world's largest economy

Japan is the third largest economy in the world.

Japan is a highly developed capitalist country, Japan's economic power is very strong, in so little population but can produce so high GDP. Japan is also an important member of the G7, G20, etc.. Its natural resources are scarce and extremely dependent on imports, and its well-developed manufacturing sector is the backbone of the national economy. The level of scientific research, aerospace, manufacturing, and education are among the highest in the world. In addition, the cultural industry, led by the anime and game industry, and the well-developed tourism industry are also important symbols of the country. Traditional Japanese culture, such as the tea ceremony, flower arrangement, and calligraphy, has been preserved to this day.

Japan's industrial infrastructure after the Second World War was devastated and in need of revitalization, but in the following 20 years, Japan's economy grew at an average annual rate of 8%, the first post-war "developing country" to leap into the ranks of "developed countries. In 1968, Japan's economy was the second largest in the world, after that of the United States. In 1968, Japan's economy became the second largest in the world, after the United States, until 2010, when it was overtaken by China and became the third largest in the world.

Japan's dominant industries

Manufacturing. Japan's manufacturing industry is one of its most representative advantageous industries. Japan's manufacturing industry mainly consists of five fields: automobile, electrical appliances, aviation, chemical industry and machinery. The manufacturing industry accounts for the largest proportion in Japan's national economy. One of the most notable is the automobile industry, which has risen rapidly since the 1960s, and today Japan's automobile manufacturing industry has become one of the most competitive industries in the world.

Electronics industry. Japan's electronics industry has been in the world's electronics industry leadership. In the field of science and technology, Japan has always had a high level of electronic technology, communication technology and data storage. Some of the most famous companies include electronics giants such as Sony, Panasonic, Sharp and Toshiba. Due to their long and rapid development, these companies have a high market share in the electronics field and play a pivotal role in the development of the Japanese economy.

Refer to Baidu Encyclopedia-Japan for the above