The Japanese economy refers to the economic system and activities of Japan, one of the world’s largest economies, characterized by a mix of advanced technology, manufacturing, and services. It is known for its substantial global exports, particularly in automobiles, electronics, and machinery. Japan has a highly developed infrastructure, a skilled labor force, and a strong industrial base.
The economy operates under a market-oriented framework, but it also features significant government involvement and activism in certain sectors. Economic policies, including monetary and fiscal measures, have been employed to mitigate issues such as deflation and stagnation that have affected the economy since the 1990s.
Japan’s economy also faces challenges like an aging population, a declining birthrate, and competition from other economic powers. Despite these issues, it remains a pivotal player in international trade and finance, with Tokyo being a major financial center. The Japanese economy is also noted for its unique corporate culture and practices, including lifetime employment and seniority-based advancement.
Japan's yen has surged, reaching its strongest position since early December, with the USD/JPY rate near a critical 150.00 mark. The yen has gained 4.8% against the US dollar and…