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 Reading
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 Economics