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Japan has a good economy that is partly enforced by a strong work ethic. Part of the reason for success is the great advancement with certain technologies and the need to barter for natural resources. The Yen is the currency that Japan economy depends on.
To understand Japan economy it is necessary to understand what they export. Much of their survival and success depends on successful export of these goods. A lot of this is technology based as Japan has some of the most technologically minded people in the world.
Specifically, the exports are cars, electronics, and computers. Japan is often the first to develop new technologies and ways to make it better. Other countries jump at the chance to get their hands on products that Japan produces.
It is very important to note that Japan has very little natural resources. Japan economy relies on trades in order to get these things. As their main source of food is rice there is rice being produced.
Japan has a lot of power despite their lacking in the areas of agriculture. They are the third largest in purchasing power and the second largest in GDP. This is an amazing feat and is truly to be commended.
One of the reasons they are so powerful is because of the extremely strong work ethic. Asian cultures are known for being exceptional hard workers and Japan is no different. If anything, the drive to succeed has done more for the Japan economy than many other things.
Another important aspect is that there is not a lot of money being spent of defense. That is an area that can eat up an economy very quickly. Japan simply does not have to deal with that.
The savings and investment fields are certainly booming in Japan. The population as a whole is known for being very wise with finances and it certainly pays off.
Japan economy is rich in a variety of ways. They are a large power in the financial world and are backed with the knowledge and background to hold it steady. Technological advancements are common in Japan and the whole world waits with baited breath for their next feat.
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