1. ECONOMY OF JAPAN By: Preeti Jaiswal Ratna Singh Sonal Saraswat Srishti Chaubey Priyanka Mishra

2. Introduction The economy of Japan is the third largest national economy in the world. Japan is the world's 3rd largest automobile manufacturing country, has the largest electronics goods industry, and is often ranked among the world's most innovative countries leading several measures of global patent filings. Facing increasing competition from China and South Korea, manufacturing in Japan today now focuses primarily on high-tech and precision goods, such as optical equipment, hybrid cars, and robotics.

3. Japan is the world's largest creditor nation, generally running an annual trade surplus and having a considerable net international investment surplus. Trade Deficit-

4. Gross Domestic Product Definition :The value of a country's overall output of goods and services (typically during one fiscal year) at market prices, excluding net income from abroad.

5. GDP- Real Growth Rate Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2011 Definition of GDP - real growth rate: This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent.

6. Inflation Rate The inflation rate in Japan was recorded at - 0.10 percent in December of 2012. Historically, from 1958 until 2012, Japan Inflation Rate averaged 3.21 Percent reaching an all time high of 25 Percent in February of 1974 and a record low of -2.52 Percent in October of 2009This page includes a chart with historical data for Japan Inflation Rate.

7. Consumer Price Index In Japan, the most important categories in the consumer price index are Food (25 percent of total weight) and Housing (21percent). Transportation and communications accounts for 14 percent; Culture and recreation for 11.5 percent; Fuel, light and water charges for 7 percent; Medical care for 4.3 percent; Clothes and footwear for 4 percent. Furniture and household utensils, Education and Miscellaneous goods and services account for the remaining.

8. Gross National Income(constant LCU) Definition: Gross national income is derived as the sum of GNP and the terms of trade adjustment. Data are in constant local currency. The value for Gross national income (constant LCU) in Japan was 505,546,000,000,000 as of 2010. As the graph below shows, over the past 50 years this indicator reached a maximum value of 532,114,000,000,000 in 2007 and a minimum value of 72,504,100,000,000 in 1960. Source: World Bank national accounts data, and OECD National Accounts data files.

9. Real Interest Rate(%) The value for Real interest rate (%) in Japan was 3.85 as of 2010. As the graph below shows, over the past 49 years this indicator reached a maximum value of 5.04 in 1982 and a minimum value of - 9.68 in 1974. Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. Source: International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.

10. Externals Exports $788 billion (2011 est.) Export goods :motor vehicles 13.6%; semiconductors 6.2%; iron and steel products 5.5%; auto parts 4.6%; plastic materials 3.5%; power generating machinery 3.5% Main export partners : China 19.7%, US 15.5%, South Korea 8%, Hong Kong 5.2%, Thailand 4.6% (2011) Imports : $808.4 billion (2011 est.) Import goods : petroleum 15.5%; liquid natural gas 5.7%; clothing 3.9%; semiconductors 3.5%; coal 3.5%; audio and visual apparatus 2.7% Main import partners : China 21.5%, US 8.9%, Australia 6.6%, Saudi Arabia 5.9%, UAE 5%, South Korea 4.7%

11. Public finances Public debt : $13.64 trillion / 229.77% of GDP (2011 est.) Revenues$1.1trillion (2011 est.) Expenses$1.157trillion (2011 est.) Economic aid$9.7 billion ODA (February 2007) Credit ratingStandard & Poor's: AA- (Domestic) AA- (Foreign) AAA (T&C Assessment) Outlook: Stable Moody's:Aa2

12. Continue… Outlook: Negative Fitch: A- Outlook: Negative Foreign reserves:US$1.154 trillion (April 2011)[7] Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars

13. GINI INDEX Gini index measures the extent to which the distribution of income among individuals or households within an economy deviates from a perfectly equal distribution. a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. Japan GINI Index is at a current level of 24.85.

14. UNEMPLOYMENT Rate Unemployment Rate in Japan increased to 4.20 percent in December of 2012 from 4.10 percent in November of 2012. Unemployment Rate in Japan is reported by the Ministry of Internal Affairs & Communications. the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

16. Conclusion Japan posted a growth of 6% in the July- September quarter signaling towards a strong recovery the tsunami.