Japan, also known as ‘The Land of the Rising Sun’, a culturally rich island nation, Japan is the 3rd largest economy in the world. With GDP twice the size of the UK and GDP per person 10 times that of China, Japan remains the high-tech powerhouse economy of Asia - with the 2nd highest spend worldwide on R&D, a hunger for IP and new trends, and an increasingly globalised outlook.
Japan has a large industrial capacity and the diverse areas across Japan house a range of industries from agriculture, tourism, science and technology or electronics, transportation and energy making it one of the best places in the world to learn about import and export.
Japan is also one of the world's largest exporters and one of the largest overseas investors. Economic growth is heavily export dependent. Small and medium sized enterprises make up 99.5% of all Japanese companies. The service sector accounts for 67% of total gross value added with manufacturing accounting for 22%. Key challenges for the Japanese economy after 20 years of low growth include how to boost growth, reverse price deflation, deal with a high and rising public sector debt and adapt to a rapidly ageing society.