Japan economy essay

Japan is a very powerful country in the world in terms of the economy. It is the world’s second largest economy after USA as of 2009 data. They have the second highest GNP after USA.

Their GDP growth rate has gone down to -5.3% per annum during 2009 (Japan, 2010) due to the effects of global economic crisis. Prior to the economic meltdown they maintained an average of GDP growth rate around 2%. In 2007 their growth rate was 2.7% (Japan, 2010). As a very rich nation in the world Japan records a high income per capita.

According to (Family Budgets and Prices, 2008) an average Japanese worker’s household disposable income was calculated at 442,749 Yen and out of that disposable income about 73% was spend on consumptions including foods. Therefore that can be taken as a good sign for our business as we are planning to export food items.

Although it was badly hit by the recent global economic meltdown it has started to show some positive signs of recovering after introducing a stimulus package by the Japanese government (Japan’s Economy Leaves Recession, 2009). If you need assistance with writing your essay, our professional essay writing service is here to help!