Japan has a population of 127.5 million and a GDP of $5.1 trillion, making its economy the 3rd largest in the world. The public sector is larger than the private sector. Agriculture accounts for only 4% of employment but uses highly efficient terraced farming techniques and crop yields are among the highest globally. Japan is self-sufficient in rice, fruits, and ranks 2nd globally in fisheries, accounting for 15% of the world's fish catch. Manufacturing employs 28% and produces electronics, transportation vehicles, machinery, and processed foods. The service sector is also important, including banking, transportation, and telecommunications.

3.  referred to as the “Land of the Rising Sun”
 Currency : Japanese Yen
 Population 127.5 million
 GDP : $5.1 trillion
 Japanese economy is the 3rd largest in the
world.
 Public sector of Japan’s economy is larger
than the private sector.
 Japan’s economy is highly efficient in terms
of foreign trade but the economy is less
efficient in terms of agriculture, service etc.

6. Primary Sector
 Japan Agriculture:
 land area suitable for agriculture is only 12% which is
too low, the crop yield per hectare is too high and
often highest in the world.
 Only 4% of the Japan’s work force is employed in this
sector.
 One of the most prominent types of farming in Japan
is the Terrace farming. Japan is self-sufficient in the
production of rice, apple, orange, pears etc.
 The most important food products imported to Japan
are Wheat, soybeans, corn and sorghum.
 The subsidies and other protective measures helped
in the growth of Japan’s Agricultural Sector

7.  Japan Fishery:
 Japan is ranked 2nd just after China in the
World.
 Fishing industry constitute both a major
industry and export.
 The most commonly available fishes in
Japan are Salmon, sardine, shrimp, tuna,
crab, squid, mackerel, Japanese
amberjack, sea bream etc.
 One of the world’s largest fishing fleet is in
Japan which accounts for 15 % of the
global fish catch.

8. Manufacturing Industries
 28 % of the Japan’s work force is employed
in this sector.
 The industrial sector of Japan is highly
advanced and widely diversified.
 The most important products manufactured
are computers, electronics, transportation
vehicles, spare parts, textiles etc.
 Food processing industries are also very
important and the food products
constitutes Japan’s major export
commodity.

9.  Service Sector of Japan like banking,
transportation, insurance and
telecommunication, which form the
country’s backbone.
 The real estate and retailing are the
other most important component of
service sector.

10.  The foreign trade of Japan is an
important component of its economy.
 The most important commodities
exported from Japan are electrical
machinery, transport
equipments, chemicals etc.
 The most important products imported to
Japan are fuels, foodstuffs, natural
gas etc.

11.  Japan is also rich in terms of its mineral
deposits and thus mining industry served
in meeting the country’s need
for gold, magnesium, silver etc.
 Japan also has a well developed
pharmaceutical industry. Other major
industries are iron, steel, optical media
and optoelectronics manufacturing
industries.
 But the minerals
like copper, coke, bauxite, iron ore are
imported from other countries.

12.  Petroleum is the main source of energy.
 1/5 of the country’s energy is obtained
from coal, and about 14% from the natural
gas.
 A quarter of Japan’s electricity is produced
through nuclear power.
 Road way is the major means
of transportation in Japan which covers
about 1.2 million kilometers.
 Japan also has a well developed railway
system and many airports.

13.  3.8% -unemployment rate
 2.55 million people unemployed
 63.11 million employed