Japan: Economic Overview

Forex Smart Trade Results, Friday, July 26, 2024 – $4,363

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Forex Smart Trade Results, Thursday, July 25, 2024 – $7,470
August 7, 2024
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Forex Smart Trade Results, Monday, July 29, 2024 – $5,169
August 19, 2024

Forex Smart Trade Results, Friday, July 26, 2024 – $4,363

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Japan: Economic Overview

Aside from being the video game capital of the world, Japan’s economy is ranked as the third-largest in the world.

Since the end of World War II, Japan has been on a rampage, experiencing rapid economic growth, despite the fact that the country is mountainous and volcanic.

Because of the laws of nature, this limits the growth of natural resources in Japan.

In order to make up for this lack of resources, the Japanese economy has become very export-dependent, with exports amounting to more than $694billion in 2017!

Not only does it make up 14% of the country’s output, but it’s also the sixth-largest in the world!

Recently, Japan has been riding the cocktails of China’s massive growth.

With Japan being the nearest major economy, Chinese demand has led to massive shopping sprees of Japanese products.

Not only does Japan have great food (how can you beat tempura and sushi?!), it is also home to one of the world’s biggest financial centers – Tokyo!

As you see in the movies, Japanese businessmen mean serious business!

With so much money flowing in and out of Tokyo every day, traders and investors can use Japan as a proxy for what’s happening in the Far East.

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