ECONOMY

The economy of Japan is the third largest in the world by nominal GDP and is the world's second largest developed economy. There are many sectors in Japan's economy. The popular sectors are agriculture, manufacturing, shipping, mining and petroleum exploration, and services.

1. Agriculture

Agriculture, forestry, and fishing form the primary sector of industry of the Japanese economy. Only 20% of Japan's land is suitable for cultivation, and the agricultural economy is highly subsidized and protected.

   Japan Agriculture Distribution

Tomatoes plants under fluorescent 

lamps using hydrogel-based system 

and does not require soil

  Paddy field in Kanazawa Prefecture

Japan fishing industry, 

one of the largest in the world

2. Japan's major export industries include automobiles, consumer electronics, computers, semiconductors, copper, iron and steel. Japanese manufacturing industry is heavily dependent on imported raw materials and fuels.

Established Japan automobile manufacturers

One of the biggest Japan cargo company 

in shipping industries, MOL Line

3. Japan's service sector accounts for about three-quarters of its total economic output. Banking, insurance, estate, retail, transportation, telecommunications are all major industries such as Mitsubishi UFJ, Mizuho, TEPCO, Mitsubishi Estate, ÆON, MitsuiSumitomo, Softbank, JR East,  and Japan Airlines counting as one of the largest companies in the world.

Japan Airlines national carrier

Bullet Train (Shinkansen),

 managed by Japan Railway Group

Mitsubishi Corporation (largest trading company

 in Japan) head office in Chiyoda, Tokyo. 

Its business segments are banking, finance, 

energy, machinery, chemicals and food.