Japan Economy

By Anonymous

Economic Background 

 

The GDP is the total value of all goods and services produced within a country yearly. Japan is one of the world's leading countries in the value of its exports and imports. On average, Japanese families enjoy one of the highest income levels in the world, and their assets and savings are among the world's largest. key elements of Japan's economy are manufacturing and trade. The country has few natural resources, so it must buy such necessities as bauxite (aluminum ore), coal, copper, iron, and petroleum. To pay for those imports, the government has adopted a strategy of exporting manufactured goods of high value. 


Coronavirus Impact on Economy 

COVID-19 has adversely affected Japans economy and particularly small businesses, but they want  assistance to small business owners in a timely manner.

Citations

Allinson, Gary D. "Japan." World Book Student, World Book, 2020,

www.worldbookonline.com/student/article?id=ar285600. Accessed 4 Nov. 2020.


States News Service, 26 June 2020, p. NA. Gale OneFile: High School Edition, https://link.gale.com/apps/doc/A630088493/STOM?u=tel_s_tsla&sid=STOM&xid=16e5b7c9. Accessed 4 Nov. 2020.


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