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The economy of Japan is a highly developed mixed economy, often referred to as an East Asian model. [24] It is the fourth-largest economy in the world by nominal GDP behind the United States, China, and Germany, and the fifth-largest by purchasing power parity (PPP), below India and Russia but ahead of Germany. [25]
Japan's industrial sector makes up approximately 27.5% of its GDP. [83] The country's manufacturing output is the fourth highest in the world as of 2023. [196] Japan is in the top three globally for both automobile production [195] and export, [197] [198] and is home to Toyota, the world's largest automobile company by production. The Japanese ...
The main elements of Japan's financial system are much the same as those of other major industrialized nations: a commercial banking system, which accepts deposits, extends loans to businesses, and deals in foreign exchange; specialized government-owned financial institutions, which fund various sectors of the domestic economy; securities companies, which provide brokerage services, underwrite ...
This text would later become influential in shaping the methods of teaching and learning English in Japan. Yokohama Academy, one of the first English schools, was founded in Japan by the Bakufu in 1865 where American missionaries such as James Curtis Hepburn taught there. By the year 1874, there were 91 foreign language schools in Japan, out of ...
Ronin are students who undergo full-time preparation for university exams following high school due to their inability to get into their school of choice. [64] Over 86% of students with college plans participate in at least one form of shadow education, with 60% participating in two or more. [64]
Japan's defence ministry made a record spending request on Thursday of 7.7 trillion yen ($52.67 billion), for fiscal 2024, the latest step of a plan to boost defence spending by 43 trillion yen ...
The 1990s in Japan was the beginning of economic turmoil and recession for that particular nation, resulting in their Lost Decade. [1] While the Lost Decade would finally end in 2000 for Japan, [1] this would become the era where young Japanese salarymen were forced to find different lines of work.
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