What are the major industries in Japan?
Quick Answer
Major industries in Japan include manufacturing, construction, services, distribution and communication. The Japanese economy is the third largest in the world after the United States and China, which are first and second, respectively. Established in 1949, the Ministry of International Trade and Industry has played an important role in implementing numerous policies that have helped in Japan's growth.
Continue ReadingFull Answer
Manufacturing products in Japan, particularly automobiles and electronics, are the leaders in both technological advancement and production. Japan's automobile industry is the second after China's in producing the highest numbers of vehicles in the world. Japan is home to six of the top 20 largest vehicles manufacturers in the world, including Toyota, Mazda, Honda, Suzuki, Mitsubishi and Renault-Nissan.
Prominent manufacturers, such as Sony, Yamaha, Nikon, Fujitsu, Panasonic and Casio, have played an important in manufacturing quality and innovative products. In service industry, advertising, hotel business, real estate and restaurant have grown gradually through the years. Japan distribution system has also become effective allowing retail and wholesale establishments to supply goods efficiently.
Main Japanese export goods include cars, computers and electronics. Important trade partners are China, U.S., Taiwan, Germany, Singapore, Hong Kong and Thailand. Major imports are raw materials, such as foodstuffs, oil and wood. These materials are supplied by U.S., China, Korea, Australia, Indonesia and Saudi Arabia.
Learn more about EconomicsRelated Questions
-
Q:
What are primary, secondary and tertiary industries?
A: Primary industries or sectors are concerned with extracting and acquiring raw materials, secondary industries revolve around manufacturing products from ra... Full Answer >Filed Under: -
Q:
What is the tertiary sector?
A: The tertiary sector is focused on tertiary production, which is commercial services that work to provide support to distribution and production processes s... Full Answer >Filed Under: -
Q:
What are the functions of a marketing intermediary?
A: A marketing intermediary is a distribution channel and way for producers of various products and services to indirectly sell to the masses. The marketing i... Full Answer >Filed Under: -
Q:
What types of jobs can you get with Labor Ready staffing agency?
A: The Labor Ready staffing agency provides student, seasonal, weekend, summer and veteran jobs across a multitude of industries, including construction, manu... Full Answer >Filed Under:
You May Also Like
-
Q:
What are some examples of consumer goods?
-
Q:
What are examples of primary industries?
-
Q:
What are the advantages and disadvantages of a monopoly?
-
Q:
Who offered billions of dollars in aid to Latin America?
-
Q:
What is the difference between inflation and deflation?
-
Q:
The American System proposed by Henry Clay was a plan to do what?
