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japans strength - Essay and Term Paper
Japan
Economic Strength
Japans economy is very good and it is very competitive in areas linked with trade and is one of the largest economies of the world. The reasons they have this is their unbelievable success in Exports. Japan exports cars, electronic devices and computers. Most important single trade partner is the USA, which imports more than one quarter of all Japanese exports. Other major export countries are Taiwan, Hong Kong and South Korea. But Japan did enter an economic downwards spiral but from 2003 began to grow strongly again at 2.0% and this rate has held steady through 2004. The economy saw signs of strong recovery in 2005. Today the GDP growth is estimated at around 2.8% and the GDP per capita is $38,500.
Below is a graph of the GDP growth in Japan.
Patterns of trade
In terms of trade Japan exports much more than it imports. Imports grew by 15.7 percent to 56.95 trillion yen and exports showed an ann......
Total Word Count: 1043
Page Count: 4.1 (250 words a page / double spaced)
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