Japan’s industry and production situation

Japan has the world’s third-largest economy (after the United States and China) with GDP of $ 5 trillion, and Asia’s second-largest economy in this regard. It has very limited natural resources, and most of the islands and mountains are volcanic, but with state-owned industrial cooperation and widespread investment in advanced technologies, Japan has been recognized as one of the pioneers in the world’s industry and technology. Exports account for a large part of Japan’s economic revenues, with the United States with 22.7%, China with 13.1%, and South Korea with 7.8% of its major trading partners. Japan’s major export products include transportation equipment, automobiles, electronics, electrical machinery and chemical industries. The Japanese industry is considered one of the most advanced countries in the field of automotive, electronic equipment, machine tools, non-ferrous metals and steel, shipbuilding, chemical and textile industries, as well as processed food. It has several international companies with well-known brands such as Toyota, Honda, Sony, Nissan, Citi City and …. Japan experienced high economic growth in the 1960s and 1980s. Japan’s growth in the 1960s averaged 10%, an average of 5% in the 1970s, and an average of 4% in the 1980s. Japan’s economic growth has fallen sharply over the past two decades, with an average of 1.5% in the 1990s. The Japanese government’s efforts to generate economic growth have largely failed in the two decades and Japan’s economic growth is still low. The world’s oldest companies are in Japan. Companies that have been in existence for over a thousand years are still active in this country. This has led banks to pay loans to these companies regardless of their profitability and only on the basis of their age.